Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer’s Sponsorship May Help Renoe-Tahoe Keep PGA Tour
Mar 27 2006 // The Reno-based Employers Insurance Group is providing a sponsorship that the Reno-Tahoe Open organizers secure the tournament’s spot on the PGA Tour for several more years. Employers Insurance Group will provide from...
Wis. Bill Requires Insurers to Cover Cancer Clinical Trials
Mar 27 2006 // Insurance companies will be required to cover cancer patients who take part in clinical trials under a bill signed into law by Gov. Jim Doyle on Friday. Doyle said insurance companies will no longer be able to force cancer...
Court Orders Insurer to Review Denial of Ark. Woman’s Benefits
Mar 27 2006 // A life insurance company should not have discontinued disability benefits for an Arkansas woman suffering from several ailments related to a 1995 car crash, a federal appeals court panel has ruled. The 8th U.S. Circuit...
Insurers Report Progress on Asbestos Liabilities Funding, Says A.M. Best
Mar 27 2006 // During 2004, U.S. property/casualty insurers narrowed the funding gap in their asbestos and environmental loss reserves, principally for asbestos liabilities, as a result of 2004’s pretax charge of nearly $6 billion,...
Most Texas Insurers Profited Despite Hurricane Rita
Mar 24 2006 // Texas home insurers turned substantial profits last year despite Hurricane Rita’s destruction, prompting state regulators to question whether some companies’ rates are too high, the Associated Press...
N.H. House Passes Premum Tax Cut for Insurers; Measure Now Goes to Senate
Mar 23 2006 // The New Hampshire House of Representatives has passed legislation (HB 678) supported by insurers and agents to reduce the state premium tax from two percent to one percent for property-casualty and life...
Insurer Group Says Kan. Workers’ Comp Bill in Senate for Possible Veto Override
Mar 23 2006 // The Property Casualty Insurers Association of America expressed disappointment with Kansas Gov. Kathleen Sebelius’ decision to veto comprehensive workers’ compensation reform legislation. “SB 461 made...
Fla. Lawmaker Pushes Hurricane Insurance Surcharges for Vacation Homes
Mar 22 2006 // Owners of vacation and second homes would be slapped with a 25 percent surcharge on policies obtained from the state’s insurer of last resort under a proposal unveiled by a Senate committee chairman. That’s one...
Insurance Study Could Provide New Underwriting Approach for Urban Areas
Mar 22 2006 // Chicago-based the Urban Insurance Partners Institute said it has passed another milestone in its pioneering study to develop a new underwriting methodology for assessing risk in the rapidly growing underbanked urban and...
Insurer Group Says Good Defense Played in 2006 S.D. Legislative Session
Mar 22 2006 // The Property Casualty Insurers Association of America said that the South Dakota Legislature wrapped up its regular session yesterday following a final day primarily devoted to the consideration of executive...
McQueary Henry Bowles Troy Partner Receives Excellence Awards
Mar 22 2006 // Privately owned insurance and risk management firm McQueary Henry Bowles Troy L.L.P., based in Dallas, announced that Patrick Arthur, partner, recently received two prestigious awards: MHBT 2005 Producer of the Year for...
S&P to Implement New Way to Assess Insurer Cat Risk
Mar 21 2006 // Standard & Poor’s Ratings Services said that its criteria for measuring catastrophe risk for primary insurers will be revised early in the second quarter of this year. (For reinsurers, there are no current plans...
Consumer Group Accuses Geico of Unfair Underwriting Practices
Mar 21 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
Insurers Disappointed in Changes to Conn. Flex Rating Bill
Mar 21 2006 // A Connecticut legislative committee took a tentative step on the road to insurance rate modernization, but also posted a “Road Closed” sign that must be obeyed in two years. HB-5463, which was reported...
INSURERS MOVE TO LIMIT R.I. LEAD CLEANUP COSTS
Mar 20 2006 // Insurers for three former lead paint manufacturers are seeking to limit insurance policies held by the paint companies. Underwriters at Lloyd’s of London filed the lawsuit in New York State Supreme Court last month...
How should agencies manage premium dollars?
Mar 20 2006 // Unlike other sales and service companies, independent insurance agencies have a management function in their daily operations. Most property and casualty insurance agencies agree not only to sell and service insurance...
Fort Dearborn Life to Acquire Highmark Life Insurance Company
Mar 20 2006 // Chicago-based Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation., a Mutual Legal Reserve Company, has announced its intent to acquire the life and disability business of Highmark Life...
Atlantic Mutual ratings fall as surplus drops $100 million
Mar 20 2006 // Ratings analysts who downgraded personal lines insurer Atlantic Mutual earlier this month will be meeting with the company in the coming weeks to review results of the fourth quarter and all of 2005 before deciding what to...
National Insurer Group Opposes S.D. Judicial Ballot Initiative
Mar 20 2006 // The National Association of Mutual Insurance Companies is saying it plans to work with a broad-based coalition in South Dakota to defeat a statewide judicial ballot initiative on the November ballot that would allow...
Texas, Louisiana surplus lines premium decreases in 2005
Mar 20 2006 // Insurance Journal South Central–Arkansas, Louisiana, Oklahoma and Texas–vary widely in the amount of premium written in any given year. Texas has the biggest surplus lines market, followed by Louisiana,...
