Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Oppose California Auto Repair Dispute Legislation
May 9 2006 // California is scheduled to consider a bill today, May 9, that is designed to resolve auto repair disputes between insurers and policyholders, according to Jeff Fuller, executive vice president and general counsel of the...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, but the industry also should keep...
Hawaii Working to Improve Business Climate for Insurers
May 9 2006 // Hawaii is working to improve business conditions for insurers, brokers and agents, according to Jeffrey P. Schmidt, the state’s insurance commissioner. Schmidt recently addressed a crowd at the opening breakfast at...
Insurers paid $43 million in Boston clergy abuse case
May 8 2006 // The Roman Catholic Church in Boston has paid $150.8 million through June 2005 to settle claims of sex abuse by clergy, with $43.3 million of that paid by insurance companies, according to financial information released by...
Case Law Watch
May 8 2006 // Tenant’s PolicyMinges Creek, LLC v. Royal Insurance Company of America (6th Cir. [Mich.] April 6, 2006) Ruling: Mall owner was not entitled to additional insured status on mall tenant’s policy for accident...
Critics allege wind modelers following politics over science
May 8 2006 // Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to justify insurance...
Spokane Roman Catholic Diocese settles claims with more insurers
May 8 2006 // The Roman Catholic Diocese of Spokane recently reached settlements totaling $4.25 million with two of its insurance carriers in a dispute over coverage of sex-abuse claims, according to Bishop William Skylstad. It was the...
Lloyd’s sees 1906 San Francisco earthquake as a turning point
May 8 2006 // One of the most significant natural disasters in U.S. history, the San Francisco earthquake of 1906, rolled to its centennial anniversary April 18, 2006. One hundred years ago in San Francisco, the Earth bounced and the...
Proposed Calif. regulations would stress driving record over zip code in pricing auto insurance
May 8 2006 // California Insurance Commissioner John Garamendi has unveiled enhancements to his proposed regulations that he said follow through on the promise voters sought when they approved Proposition 103 in 1988 –TITLE:...
INSURERS TO PAY $1.38 BILLION FOR Q1 LOSSES
May 8 2006 // U.S. property/casualty insurers are expected to pay an estimated $1.38 billion to homeowners and businesses in insured property losses from seven catastrophe events in first-quarter 2006, according to preliminary analysis...
Checking-in on hospitality coverage
May 8 2006 // As an agent or broker serving the hospitality market, you’ve enjoyed many coverage options at lower premiums in the last few years. In fact, you’re probably still delivering good news to your clients about...
Sound risk management, investment plus for insurers
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...
Commercial lines insurers’ capital, M&A activity silent in first quarter
May 8 2006 // Stock Prices: Shares of commercial lines insurers were down 2 percent in the first quarter of 2006, with the exception of Ohio Casualty Corporation, whose stock traded up 12 percent. In February, Ohio Casualty announced...
Insurers paid $43 million in Boston clergy abuse case
May 8 2006 // Recovery from insurance carriers was complicated by the fact that one of the insurers, Lumbermens Mutual, faced financial difficulties. News Currents The Roman Catholic Church in Boston has paid $150.8 million through June...
Delmarva poultry industry criticizes federal avian flu planning
May 8 2006 // News Currents The federal government could learn a thing or two from the Delaware- Maryland-Virginia area poultry industry about how to prepare for an outbreak of avian flu, according to the Delmarva industry officials. In...
Case Law Watch
May 8 2006 // Tenant’s Policy Minges Creek, LLC v. Royal Insurance Company of America (6th Cir. [Mich.] April 6, 2006) Ruling: Mall owner was not entitled to additional insured status on mall tenant’s policy for accident...
Critics allege wind modelers following politics over science
May 8 2006 // News Currents Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to...
Critics allege wind modelers following politics over science
May 8 2006 // News Currents Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to...
Proposed Calif. regulations would stress driving record over zip code in pricing auto insurance
May 8 2006 // California Insurance Commissioner John Garamendi has unveiled enhancements to his proposed regulations that he said follow through on the promise voters sought when they approved Proposition 103 in 1988 -namely, that the...
Spokane Roman Catholic Diocese settles claims with more insurers
May 8 2006 // The Roman Catholic Diocese of Spokane recently reached settlements totaling $4.25 million with two of its insurance carriers in a dispute over coverage of sex-abuse claims, according to Bishop William Skylstad. It was the...
