Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
FMHA Proposes Manufactured Housing Insurance Coverage
Dec 18 2005 // The Florida Manufactured Housing Association has announced it is studying the feasibility of starting its own insurance company to write coverage for mobile home owners. According to Frank Williams, FMHA executive...
Insurance Commissioners Push Framework for National Cat Program
Dec 18 2005 // Insurance regulators, on the heels of the National Catastrophe Insurance Summit in Burlingame, Calif., in November, are peddling the framework for a national catastrophe insurance program they say would protect U.S....
Eurpoean Collector, Insurer Addresses ‘Art Basil’ in Miami Beach
Dec 18 2005 // The trials and tribulations of maintaining and insuring a well-known corporate art collection, from bombings by the IRA, to being stolen by builders and damaged when cleaners sprayed paintings with window cleaner, were...
Update from the Gulf Coast: A Policyholder’s Perspective Which Came First: the Chicken, the Egg
Dec 18 2005 // While debates wax and wane in newspaper headlines, the harsh reality for thousands of policyholders in the wake of Hurricane Katrina centers around an age-old issue: which came first, the chicken or the egg? Or in this...
Words Mean a Lot in Vows Between Program Administrators and Carriers
Dec 18 2005 // As in a marriage, if you’re in a good relationship, you never have to consider the contract. But if things go badly, words mean everything,” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga., told...
Jury Awards $52.5 Million Against Insurer in Asbestos Case
Dec 18 2005 // A jury has awarded $52.5 million to a Roseville, Minn., construction company that sued its Boston-based insurer for failing to defend it against hundreds of personal injury and wrongful death claims tied to asbestos...
News Briefs
Dec 18 2005 // Massachusetts Auto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual...
Technology Can Enhance Agent-Carrier Relations
Dec 18 2005 // Technology, often derided as harmful to human relations in business, may actually hold the key to the insurance industry remaining a “people business,” including helping improve relationships between carriers...
News Briefs
Dec 18 2005 // FLORIDA State Farm of Florida 8.6 Percent Rate Request Approved The Florida Department of Insurance approved an average statewide premium rate hike of 8.6 percent for State Farm of Florida, the largest insurer of homes in...
Mass. Drivers Get Early Christmas Gift: An 8.7% Rate Cut
Dec 15 2005 // Massachusetts Insurance Commissioner Julianne M. Bowler announced that 2006 private passenger auto insurance rates will be cut an average 8.7% staewide next year. The new rate takes effect January 1 and translates to an...
Brokers in Pursuit of Professional Liability Coverage
Dec 14 2005 // It happens quite often. An insured is sued and a question is raised as to whether there is insurance coverage for the claim. The insured states that “it thought it had coverage,” and if it does not have...
Insurers Respond to Maine Uninsured Motorist Coverage Report
Dec 13 2005 // Maine’s Bureau of Insurance has characterized legislation drafted by the National Association of Mutual Insurance Companies to correct a state Supreme Judicial Court decision regarding mandated uninsured motorist...
Ky. Insurance Companies, Authorities Will Cooperate After Jan. 1 in Crackdown on Uninsured Motorists
Dec 13 2005 // Insurance companies and public officials have joined forces in Kentucky in an effort to eliminate uninsured motorists who buy insurance for only long enough to meet state proof of insurance requirements and then cancel...
Insurers Say No to State Catastrophe Fund in New York
Dec 13 2005 // A state-mandated catastrophe fund is not needed in New York, according to the American Insurance Association (AIA). “The creation of a catastrophe fund in New York State is not warranted. The creation of such a fund...
Court Upholds W. Va. Woman’s Coverage, Despite Bounced Check
Dec 12 2005 // A West Virginia Supreme Court ruling upholding coverage for a woman who wrote a bad check to start an auto insurance policy, saying she deserves coverage after she was involved in an accident, has Charleston insurance...
Insurer’s Failure to Defend in Minn. Asbestos Case Costs $52 Million
Dec 12 2005 // A jury has awarded $52.5 million to a Roseville, Minn. construction company that sued its Boston-based insurer for failing to defend it against hundreds of personal injury and wrongful death claims tied to asbestos...
PIA of La. Resolutions Seek Hurricane Relief Assistance
Dec 12 2005 // Thanking insurance carriers on behalf of Louisiana insurance agents and the policyholders they represent for the carriers’ hard work and assistance in the aftermath of Hurricanes Katrina and Rita, the Professional...
Insurer Downgrades Possible Without Terrorism Insurance Renewal
Dec 9 2005 // An article published by Standard Poor’s Ratings Services stated that if Congress fails to renew or extend the Terrorism Risk Insurance Act (TRIA), the commercial lines property/casualty insurance sector will be...
Insurers Reject Alternate SOX Proposal
Dec 8 2005 // The National Association of Mutual Insurance Companies (NAMIC) announced it will oppose an amended regulator proposal to add federally-styled internal control measures to state insurance regulation, according to its...
Association of Bermuda Insurers Names Kading President
Dec 8 2005 // The Association of Bermuda Insurers and Reinsurers has hired Bradley L. Kading to be its first president and executive director. Kading is a well known and respected industry leader having served for 14 years as senior...
