Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Urge New Bonding Measures for Texas Cat Fund
Jan 26 2006 // Members of the Association of Fire And Casualty Companies of Texas (AFACT) are recommending new bonding measures that would prepare the state for the start of what’s expected to be another turbulent hurricane...
NAIC Praises Life Insurers Group in Backing More Consumer Protections
Jan 25 2006 // The National Association of Insurance Commissioners commended the American Council of Life Insurers this week for agreeing to support a measure to extend consumer protections in the sale of life insurance and annuities. At...
R.I. Senate to Vote on Beacon Mutual Bill Opposed by Governor Today
Jan 25 2006 // Legislation to amend the charter of the Beacon Mutual Insurance Co. to reduce the number of public appointees on the workers’ compensation carrier’s board and clear the way for it to write out-of-state accounts...
TDI Posts December Enforcements
Jan 25 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during December 2005. The actions include two license revocations, one license denial and fines and...
Windstorm Conference Speaker Bailey Predicts Wind vs. Flood Suits Won’t Succeed
Jan 25 2006 // The controversy over litigation about wind vs. flood damage and what could happen in the market place and to the industry if Mississippi Attorney General James Hood and attorney Richard ‘Dickie’ Scruggs are...
ACIC Testifies Against Reinsurance Regulations for Calif. Insurers
Jan 24 2006 // The Association of California Insurance Companies (ACIC) is testifying against proposed Department of Insurance reinsurance regulations that the association says would make it more difficult for insurers to do business in...
Insurer, Agent Groups Push for Regulatory Oversight for Ind. Insurance Pooling Bills
Jan 24 2006 // The National Association of Mutual Insurance Companies, the Insurance Institute of Indiana and the Independent Agents of Indiana are calling on the governor and legislators to include regulatory oversight in proposals to...
Fla. Office of Insurance Issues Consent Order Against 10 AIG Companies
Jan 23 2006 // The Florida Office of Insurance Regulation has issued a Consent Order requiring 10 AIG Companies to transmit financial data required by statute, to pay administrative fines and costs of more than half a million dollars and...
Florida Candidates for Governor Pledge to Solve Citizens Problems, Add Insurers
Jan 23 2006 // Solving Citizens Property Insurance Corp.’s problems, encouraging new insurers to enter the Florida market and lowering property insurance rates were debated by candidates for governor of Florida during a Jan. 20...
Ark. Court: Insurers Don’t Have to Pay for Wreck
Jan 23 2006 // An insurance company doesn’t have to defend or pay the claims of a Pulaski County woman whose 15-year-old son wrecked the family car, the Arkansas Court of Appeals ruled. The court upheld a judge’s ruling that...
I.I.I.: CLAIMS IN LA. EQUAL TO 25 YEARS OF PREMIUMS
Jan 23 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
Analysts predict faster P/C premium growth, underwriting profit
Jan 23 2006 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the year ahead. This year’s survey results indicate...
Only your E&O carrier and your boss care how smart you are
Jan 23 2006 // We insure some local rural water districts. One of our customers called and asked if I would call one of their friends, another rural water district. On my visit to the prospect, I found out their current agent, from...
Personal lines looking fine, thanks to fewer accidents and price changes
Jan 23 2006 // The year 2005 is looking like it was a relatively good one with solid financial news for property casualty insurers overall, despite record catastrophe losses, and 2006 could bring even better news, according to analysts...
Commercial lines carriers continue to impress; M&A activity up slightly
Jan 23 2006 // Stock Prices: Commercial lines stocks advanced for the second consecutive two-month period, up 5 percent for November/December, compared to a 7 percent increase in September/October. Companies continue to impress despite...
2006 looking good already for P/C industry
Jan 23 2006 // ‘The expectation for a third consecutive underwriting profit in 2006 is, of course, predicated on the belief that catastrophe activity will return to more “normal” levels. Record catastrophe losses will...
Regulatory modernization tops industry’s legislative agenda for 2006
Jan 23 2006 // With the extension of the Terrorism Risk Insurance Act, passage of federal class action and crop insurance reform, enactment of asbestos reform in several states and some changes in state laws on pricing, property/casualty...
Case Law Watch
Jan 23 2006 // Auto liability Allstate Insurance Company v. Reid (1st Cir. Nov. 30, 2005) Ruling: Coverage Not Available for Damage to Boat Towed by Insured. Defendant and his friend, May, were returning from a fishing trip. Defendant...
NCCI criticizes AP’s report on S.C. workers’ comp as ‘factually incorrect’
Jan 23 2006 // The National Council on Compensation Insurance Inc. has criticized recent Associated Press articles about NCCI’s review of the South Carolina Governor’s Workers Compensation Task Force proposal as being...
INSURERS HAPPY CALIF. MOTORCYLE HELMET LAW NOT WEAKENED
Jan 23 2006 // Earlier this month, legislation was introduced by Sen. Denise Ducheny, D-San Diego, to permit motorcyclists 18 years and older to ride without helmets if they could show proof of having medical insurance. The bill was...
