Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

Florida Insurers Discuss Top Issues with Legislators

Feb 8 2006 // In preparation of next month’s Florida legislative session, the Property Casualty Insurers Association of America hosted its first annual Legislative Conference, which brought insurance industry executives to...

Agents Win Round in Texas Courts Over Insurer’s Claim of ‘Trade Secrets’

Feb 7 2006 // A group of agents recently won a round in a Texas court in their fight to have documents that an insurance company has claimed were trade secrets unsealed and made available to the public. Travis County District Judge...

Wisconsin Insurer Warns Buyers About Post-Hurricane Vehicle Fraud

Feb 7 2006 // Sun Prairie, Wis.-based General Casualty Insurance Companies are cautioning customers about the possibility that the shiny pre-owned Honda or Buick being considered for purchase may have been submerged in flood...

Jury Sides with Rancher, Insurance Company in Montana Tractor Case

Feb 6 2006 // A jury has ruled that an international farm machinery company must pay a Broadwater County, Mont., rancher and his insurance company nearly $120,000 over a tractor that caught fire and burned nearly seven dozen acres of a...

Mass. needs new insurance capital to weather big storm

Feb 6 2006 // The Massachusetts economy could be battered if a major storm were to hit the metropolitan Boston area because the state’s homeowners insurance market is undercapitalized, the state’s insurance regulator is...

VERMONT MUTUAL LATEST TO BE DRIVEN OFF CAPE COD

Feb 6 2006 // While the Massachusetts insurance regulator is warning about problems in the homeowners market, another insurer has decided it can’t continue to write homeowners insurance on Cape Cod. Starting April 1, Vermont...

Industry opposes federal solution on asbestos

Feb 6 2006 // There is an old adage that goes “if you are not part of the solution, than you part of the problem.” The insurance industry has sent that very message in a subtle way to Congress in letters to Majority Leader...

Insurers seek bond measures for Texas catastrophe fund

Feb 6 2006 // Taking a cue from the Scout motto “Be Prepared,” a group of insurers is recommending legislation that would allow for generating funds to help pay for the reconstruction of the Texas coast should a powerful...

Proposed Calif. reinsurance regulations could hurt business

Feb 6 2006 // The California Department of Insurance has proposed new reinsurance oversight regulations, which several insurance industry associations said are “unnecessary, burdensome and anti-market competition,” according...

Insurance company taxes, investments grow Golden State’s economy

Feb 6 2006 // Insurers are cultivating California’s economy. In fact, the insurance industry benefits “the economic security of California and its citizens through claims and benefits paid to policyholders; investments in...

New Mexico set to better protect credit

Feb 6 2006 // New Mexico’s Personal Insurance Credit Information Act (PICIA) took effect Jan. 1. According to the Rocky Mountain Insurance Information Association, PICIA requires insurance companies to limit the use of credit...

How courts are viewing motor carrier cargo disputes

Feb 6 2006 // The Second Circuit Court of Appeals has ruled that the BMC-32 Endorsement [Bureau of Motor Carriers attachment] does not apply to contract carriage for shipments taking place after Jan. 1, 1996, the effective date of the...

What happens when the excess carrier goes under

Feb 6 2006 // Analysis of one typical large company’s 65 years of excess casualty programs turns up disturbing news. More than half of the 49 carriers that participated on this corporation’s excess programs are now insolvent...

Vermont Mutual latest to be driven off Cape Cod

Feb 5 2006 // While the Massachusetts insurance regulator is warning about problems in the homeowners market, another insurer has decided it can’t continue to write homeowners insurance on Cape Cod. Starting April 1, Vermont...

News Currents

Feb 5 2006 // Mass. needs new insurance capital to weather big storm The Massachusetts economy could be battered if a major storm were to hit the metropolitan Boston area because the state’s homeowners insurance market is...

Editor’s Note: Industry opposes federal solution on asbestos

Feb 5 2006 // This resolution does not provide finality or certainty at an equitable, affordable cost. There is an old adage that goes “if you are not part of the solution, than you part of the problem.” The insurance...

News Currents

Feb 5 2006 // Florida Attorney General Charlie Crist (R), “Citizen’s Property Insurance Corp. needs an overhaul.” U.S. Rep. Jim Davis (D-Tampa), “Florida taxpayers are being ‘fleeced.'” Florida CFO...

News Currents

Feb 5 2006 // Insurers seek bond measures for Texas catastrophe fund Taking a cue from the Scout motto “Be Prepared,” a group of insurers is recommending legislation that would allow for generating funds to help pay for the...

Proposed Calif. reinsurance regulations could hurt business

Feb 5 2006 // News Currents The California Department of Insurance has proposed new reinsurance oversight regulations, which several insurance industry associations said are “unnecessary, burdensome and anti-market...

News Currents

Feb 5 2006 // New Mexico Set to Better Protect Credit New Mexico’s Personal Insurance Credit Information Act (PICIA) took effect Jan. 1. According to the Rocky Mountain Insurance Information Association, PICIA requires insurance...