Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Say Auto Insurance Bill is ‘Good Public Policy’
Apr 26 2006 // The California Assembly Insurance Committee is considering a bill today that the Association of California Insurance Companies (ACIC) says would prevent the Department of Insurance from altering auto insurance rating...
Fla. Court Orders Southern Family Into Rehabilitation; Citizens to Receive Policies July 1
Apr 26 2006 // Leon County (Florida) Circuit Court Judge Thomas Bateman has ordered Southern Family Insurance Company, one of three financially-troubled property insurers of the Tampa-based Poe Financial Group, into rehabilitation. The...
Insurers Welcome IRS ‘Gross Receipts’ Tax Code Clarification
Apr 25 2006 // Insurers are applauding a recent IRS/Treasury Department tax code ruling that settles the definition of “gross receipts” for property casualty insurers. The National Association of Mutual Insurance Companies...
N.Y. City Targets Medical Mills; Insurer Group Encourages Action
Apr 25 2006 // The New York City Council is looking for ways to shut down certain fraudulent medical clinics that critics say take advantage of the state’s no fault insurance system and drive up auto insurance rates. One prominent...
Australian Manufacturer CSR , Insurers Agree to Asbestos Settlement
Apr 25 2006 // CSR Limited, a large Australian building products manufacturer, has reached a settlement of asbestos litigation with a group of 48 Australian, United Kingdom and European insurers. Under the terms of the settlement each of...
La. Insurance Commish Courting More Insurance Companies
Apr 24 2006 // State Insurance Commissioner Jim Donelon says he is working to get at least a “half-dozen” more companies to write homeowners policies in Louisiana in an effort to ensure affordable premiums for coastal...
Diocese Settles Claims With More Insurance Companies
Apr 24 2006 // The Roman Catholic Diocese of Spokane has reached settlements totaling $4.25 million with two of its insurance carriers in a dispute over coverage of sex-abuse claims, Bishop William Skylstad says. It is the second time in...
Conn. Health Management Firm Repays Alleged Rebates; No Fines
Apr 24 2006 // An Avon, Conn. obstetrician and gynecologist management company subpoenaed last June for allegedly accepting illegal insurance rebates will repay $198,000 to its clients to settle the case, according to state Attorney...
Calif. Approves Tax-Exempt Status for Private School Self-Insurer
Apr 21 2006 // The California Private Schools Workers’ Compensation Self-Insurance Group, Inc., a self-insurance group for private schools, has been granted tax-exempt status by the California Franchise Tax Board. Rather than...
Insurer Targets Market for Off-Road Recreational Vehicles for Retirees
Apr 21 2006 // No more rocking chairs and shuffleboard. Today, more retired Americans are apparently heading off-road for recreation and adventure. To better serve this active and growing population, The Hartford Financial Services...
Stinson to Direct Government Relations for Physician Insurers Association
Apr 21 2006 // The Physician Insurers Association of America has promoted Michael C. Stinson to be its new director of government relations. Stinson has served as the government relations representative for the PIAA for three years, and...
Kan. Governer Signs Law Giving Immunity to Insurers Reporting Suspected Fraud
Apr 21 2006 // The Coalition Against Insurance Fraud reported that Kansas Governor Kathleen Sebelius signed a law requiring insurers to report suspected schemes to the state fraud bureau. SB 207 also gives insurers immunity from...
N.Y. Hospitals, Physicians Get New Medical Liability Insurer
Apr 20 2006 // Hospitals and physicians in New York now have a new option for obtaining professional liability coverage and physician excess professional liability coverage, through the establishment of the Healthcare Professionals...
Insurers Paid $43 Million of $150 Million Boston Clergy Abuse Settlements
Apr 20 2006 // The Roman Catholic Church in Boston has paid a total of $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...
Louisiana Approves Rate Hikes for Allstate, Other Insurers
Apr 20 2006 // Louisiana’s second-largest insurer has received permission to boost homeowners’ rates an average of 20.6 percent for nearly half its customers, while the remainder will see rates rise an average of 9...
Insurer Sells Chatham Bars Inn on Cape Cod
Apr 20 2006 // American Financial Group, Inc.’s subsidiary, Great American Financial Resources, Inc., has reached an agreement to sell Chatham Bars Inn, its resort-hotel property located on Cape Cod, Massachusetts, for $166...
Insurers Expected to Pay $1.38B for Q1 Cat Losses
Apr 20 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...
Insurers Applaud Signing of Maine Bill Limiting Uninsured Motorist Claims
Apr 19 2006 // In a major victory for Maine insurers, legislation drafted by the National Association of Mutual Insurance Companies (NAMIC) aimed at correcting a Maine Supreme Judicial Court decision hindering insurers’ ability to...
Miss. A/G’s ‘Careless’ Comments Shock American Insurance Association
Apr 19 2006 // The American Insurance Association has responded to stunningly careless and inappropriate public comments made last week by Mississippi Attorney General Jim Hood, in which he compared insurance companies dealing with...
Fla. Commissioner Encouraging Insurers to Use Loss Mitigation
Apr 19 2006 // Property insurers in Florida are being contacted by Insurance Commissioner Kevin McCarty, to participate in a program that focuses on hurricane loss mitigation at local venues around the state. The Federal Alliance for...
