Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 19 2006 // In general, “Valued Policy” statutes require an insurer to ascertain the value of the property being insured at the time a policy is written and to pay that value to the insured when there is a total loss. As...
Closer Look: Nonprofits
Feb 19 2006 // Over the years, many a vexed property/casualty insurance company chief executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some...
Nonprofits
Feb 19 2006 // Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination...
News Currents
Feb 19 2006 // New Mexico considering commercial lines file and use system The National Association of Mutual Insurance Companies (NAMIC) and the insurance industry are working with the New Mexico Public Regulation Commission to finalize...
Often overlooked, accurate insurance-to-value should be priority
Feb 19 2006 // Inadequate ITV is not just a problem for the insurance industry – it also can be detrimental to policyholders. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV)...
By Christopher L. Pesce
Feb 19 2006 // What lies beneath the surface of a yacht policy? Commonly overlooked coverage issues mean added exposure for agents Although no standard such as ISO exists for the yacht insurance industry assuring consistency from carrier...
PCI Urging Colo. Lawmakers to Reject Insurance Data Reporting Bill
Feb 17 2006 // The Property Casualty Insurers Association of America (PCI) testified before the Colorado House Business Affairs and Labor Committee on Friday that legislation (HB 1330), which would impose extensive new data reporting...
Fitch Affirms Ratings for CNA
Feb 17 2006 // Fitch Ratings has affirmed the ‘BBB-‘ long-term issuer rating and ‘BBB-‘ senior debt ratings of CNA Financial Corporation (CNA) and the ‘A-‘ insurer financial strength (IFS) ratings of...
R&M Finds European Insurers More Positive on Outsourcing than U.S.
Feb 16 2006 // In a new addition to their offering – “Outsourcing in Insurance: Perspective 2006” – Dublin-based consultants Research and Markets concludes that, “despite recent strong results on both sides...
Former FEMA Director Witt to Address Insurers Group, April 9-11
Feb 16 2006 // James Lee Witt, former director of the Federal Emergency Management Agency and a leading authority in public safety and emergency management, will speak at the 2006 Annual Conference of the American Association of...
Windstorm Panelists: Carriers Hesitant to Write Fla. Policies
Feb 15 2006 // A panel of eight insurance experts agreed unanimously that carriers are closely scrutinizing Florida and are hesitant to renew homeowners policies during a panel moderated by Bill Bailey, director of the Hurricane...
Insurers Deny Payments to Indiana Man Charged with Hot Tub Murder
Feb 15 2006 // Michael B. Smith, 61, of Trafalgar, Indiana appeared in court this week to be formally charged with strangling his wife, Linda, in their hot tub in November 2003. Investigators said that Smith was facing financial troubles...
Insurers Face Challenges as Injured Veterans Return from War
Feb 15 2006 // Employers and their insurers need to be prepared for the tens of thousands of physically injured veterans returning from conflicts in Iraq and Afghanistan, according to the Insurance Information Institute...
Hanson U.S. Reaches Asbestos Coverage Agreement with Insurers
Feb 14 2006 // Hanson PLC, an international building materials company, announced that one of its U.S. subsidiaries, responsible for approximately 20 percent of the group’s present asbestos costs, has reached a settlement with its...
PIA of Fla.: Lawmakers ‘Mulling Over’ Filings; Bill to Require ‘Loyalty Clause’
Feb 13 2006 // A “loyalty clause” prohibiting insurers from canceling a policy for homeowners who have been with a carrier for three or more years is part of a bill filed in the Florida Legislature by Sen. Ron Klein, D-Boca...
Insurance Company PR Director to Challenge Indiana House Speaker
Feb 13 2006 // Susan Fuldauer, a public relations director for Indiana-based American Income Life, has thrown her hat into the ring in a challenge for the seat of Republican Indiana House Speaker Brian Bosma. The Marion County Democratic...
Insurance Companies Offer Rewards in Ala. Church Fires
Feb 10 2006 // Two companies insuring several rural churches burned in Bibb County and west Alabama are offering rewards that could total more than $77,000, in addition to state and federal rewards totaling $10,000. Five church fires...
Insurers Reduce Rates for D.C. Taxis Under 6-Month Policies
Feb 8 2006 // Insurance rates for taxicabs in the Distrcit of Columbia are being reduced as the result of a more competitive market sparked by a change in policy duration. Acting Commissioner Thomas Hampton of the District of Columbia...
Seattle Gynecologist Gets 20 Years for Raping Patients, Double Billing Insurers
Feb 8 2006 // A Seattle gynecologist convicted of raping and fondling women who came to his clinics for treatment has been sentenced to 20 years in prison. Charles Momah performed gynecological exams without wearing gloves, sexually...
Insurers Urge Senate to Oppose Asbestos Trust Fund Bill
Feb 8 2006 // Property Casualty Insurers Association of America (PCI), an industry organization comprised of more than 1,000 insurance companies, says it opposes S. 852, the Fairness in Asbestos Injury Resolution (FAIR) Act, calling the...
