Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Market trends downward slightly; habitational still a challenge
Jun 5 2006 // After the recent hard markets, rates for professional liability insurance for architects and engineers are beginning to see some relief. Even so — despite 10 percent to 20 percent drops in professional liability...
Legal and effective incentive compensation still under fire
Jun 5 2006 // There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually...
Insurers sue governor, state officials over diversion of funds from Ill. Auto Theft Program
Jun 5 2006 // In an effort to stop Illinois state government from illegally taking millions of dollars designated to fight auto theft, the Property Casualty Insurers Association of America (PCI) filed suit in the state’s Seventh...
Legal and effective incentive compensation still under fire
Jun 5 2006 // There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually...
Case Law Watch
Jun 5 2006 // Arkansas Workers’ Compensation Jones Brothers Inc. v. Whitlock, et al. (Ark. May 4, 2005) Prime contractor liable for workers’ compensation benefits owed to employee of uninsured subcontractor: The Supreme...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // News Currents California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private...
Arthur J. Gallagher lacked authority to issue additional endorsements
Jun 5 2006 // A California court has found Arthur J. Gallagher had no authority to issue additional insured endorsements in a high-exposure construction defect litigation. The court ruled California law prohibits the issuance of...
Cape Cod Home Rates Continue to Rise; Another Insurer Exits
Jun 4 2006 // Cape Cod homeowners who kept their policies even after some major insurance companies pulled out of the region are now facing rate hikes of as much as 200 percent from insurers still serving the area. At least four...
La. House Committee Rejects Two Insurance Bills; Another Moves Forward
Jun 2 2006 // Bills to expand lawsuit options against insurers who are slow to pay claims and to change the way insurance companies get rate hikes were rejected by the Louisiana House Insurance Committee. Both faced staunch organized...
Texas Watch Launches Insurer Accountability Network
Jun 1 2006 // On May 31, the eve of the 2006 hurricane season, Texas Watch, a non-profit consumer advocacy organization active on insurance issues, announced the launch of its Hurricane Insurance Company Accountability Network (ICAN) in...
Infinity Insurance Companies Seeks Applications for Confianza Award
Jun 1 2006 // Infinity Insurance Companies is accepting applications for its second annual Confianza Award to recognize independent brokers and agents in California for the commitment the communities they serve. The award allows...
U.S. and Insurers Can Withstand Hurricanes Without Taxpayer Funds, Says Lloyd’s U.S.
Jun 1 2006 // Residents of the Northeast coast “ignore the hurricane threat at their peril,” a leading insurer is warning. At the same time, Wendy Baker, president of Lloyd’s America, says she is confident that the...
Class Action Suit Filed in New Orleans Against 15 Homeowners Insurers
Jun 1 2006 // A class action lawsuit was filed in the United States District Court for the Eastern District of Louisiana on May 24, 2006, on behalf of Greater New Orleans Metropolitan Area homeowners insurance policyholders who have...
Fla. Judge Approves Poe Insurance Companies Liquidation
Jun 1 2006 // A Leon County, Fla. circuit judge has approved putting three financially-troubled insurance companies under the state’s control, a move Florida’s Chief Financial Officer Tom Gallagher said will protect more...
A.M. Best: A ‘Mega-Cat’ Hurricane Would Be Fatal to Some Insurers
Jun 1 2006 // A new Special Report from the A.M. Best Company on the impact of a possible “mega-cat” hurricane — $100 billion or more in insured losses — finds that the financial consequences would be serious and...
California Considering New Mileage Verification Rules
May 31 2006 // Insurance brokers and agents could be required to verify odometer readings for new and renewal automobile insurance policies under amendments the California Department of Insurance (CDI) has proposed to its personal...
S&P Reports on Japan Non-Life Sector
May 31 2006 // Japan’s non-life insurers posted largely improved profits in fiscal 2005, bouncing back from the previous year’s uncommonly harsh string of natural disasters, according to a report published today by Standard...
Insurers Urge Veto of N.Y. Credit Freeze Legislation
May 30 2006 // New York lawmakers have passed legislation designed to protect consumers against identity theft but insurers are urging Gov. George Pataki to veto the measure because its credit freeze provision does not exclude...
Wisconsin Insurer Plans Expansion
May 30 2006 // West Bend Mutual Insurance Co. says it plans to more than double the size of its corporate headquarters here in a $57 million expansion and to add about 200 employees within two years. The company said that those hired...
P/C Insurers’ Investment Strategy Focused on Cycle Management
May 30 2006 // Cycle management is the key driver of property/casualty insurance company investment strategies today, according to a new study by Conning Research and Consulting, Inc. “Regardless of size or underwriting focus, P/C...
