Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
ERISA
Dec 4 2005 // This recurring feature examines insurance coverage decisions in the Midwest’s appellate courts as compiled by the New York-based law firm of Goldberg Segalla LLA and edited by insurance lawyer Kevin T. Merriman...
LWCC First Insurer in Production with AgencyPort’s Renewal and Endorsement Module
Dec 2 2005 // Louisiana Workers’ Compensation Company and AgencyPort, a provider of agent portal and interface solutions to property and casualty insurers, announced that LWCC has initially deployed AgencyPortal’s new...
Investigation Requested in Failed California Insurance Company
Dec 1 2005 // Consumer advocates and a government official Wednesday called for prosecutors to investigate the financing of a failed insurance company that left the Los Angeles suburb of Gardena near bankruptcy, saddled with more than...
Insurers Join in Illinois Court Case That Could Alter Timely Claim Notice
Dec 1 2005 // The National Association of Mutual Insurance Companies joined with the Illinois Insurance Association Nov. 22 to file an amicus brief in a case dealing with the issue of timely notice to an insurer of a claim or lawsuit....
Investors Turn Up Heat on Insurers to Disclose Risk from Climate Change
Dec 1 2005 // Citing the risks that they say insurance companies face from losses and financial risks associated with climate change, 20 U.S. investors led by several state treasurers urged 30 of the largest publicly-held insurance...
Health Insurers Appeal Maine Universal Health Plan Funding
Nov 30 2005 // A health insurance industry group this week appealed a state regulatory decision that provides a critical source of funding for Maine’s Dirigo universal health insurance program. The Maine Association of Health Plans...
European Fine Art Collector, Insurer Discusses His Trials, Tribulations at Art Basil, Miami Beach
Nov 30 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...
New Excess Surplus Lines Carrier, Rockhill Insurance, Launched
Nov 29 2005 // Rockhill Holding Company has raised $145 million in capital and completed the acquisition of United Coastal Insurance Company, an excess and surplus lines company which is authorized in most US jurisdictions. United...
Wilma’s $6 Billion Cost to Insurers Raises Industry’s Catastrophe Loss Total to Record $50 Billion
Nov 29 2005 // U.S. property/casualty insurers are expected to pay an estimated $6.1 billion to Florida policyholders for insured property losses from Hurricane Wilma, pushing year-to-date catastrophe losses to $50.3 billion, an all-time...
Kingsway Taps The Robert Plan to Manage Auto Assigned Risk in U.S.
Nov 28 2005 // Kingsway Financial Services Inc. of Toronto has entered into a program management agreement with The Robert Plan Corporation. to have RPC service its U.S. assigned risk automobile accounts. The agreement is effective for...
Insurer Seeks Guidance on Splitting Damages for Mo. Bus Crash 40 Ways
Nov 28 2005 // A Missouri bus company’s insurance company has asked a federal judge to determine how $5 million in potential damages would be distributed to more than 40 possible people or groups involved in crash of a bush...
A Year After Tornado, Insurers Still Assessing Olla, La., School
Nov 25 2005 // A year after tornadoes tore up Olla, La., the auditorium at LaSalle High School still has no roof. Boards cover school windows; the gym door swings open with each gust of wind. The building has been gutted, but no other...
1,309 in La. File Complaints Against Insurance Companies
Nov 23 2005 // Home and car owners in Louisiana have filed 1,309 complaints against their insurance companies since hurricanes Katrina and Rita, and few have been resolved, according to the state Department of Insurance. The Associated...
NAMIC Concerned about Oregon’s Single Construction Liability Insurer
Nov 23 2005 // The National Association of Mutual Insurance Companies (NAMIC) has announced it is concerned about Oregon’s Construction Claims Task Force (CCTF) decision to designate a “single private insurer” to...
S&P Raises Ratings on German Insurer VHF to “A”; Off CreditWatch
Nov 22 2005 // Standard & Poor’s Rating Services announced that it has “raised to ‘A’ from ‘A-‘ its long-term counterparty credit and insurer financial strength rating on Germany-based car and...
Insurers Cool to N.Y. Proposal to Freeze Access to Consumer Credit
Nov 22 2005 // Insurance company lobbyists urged New York lawmakers in Albany this week to refrain from blocking insurers’ access to consumer credit information as part of their efforts to protect consumers from identity theft. The...
Insurers, Nonprofits Offer Low-Income Loans to Health Clinics
Nov 22 2005 // Impact Community Capital, a consortium of major insurance companies, and NCB Development Corp. (NCBDC) have teamed to offer as much as $50 million in low-interest loans to community health clinics that have difficulty...
Insurer CEOs Address Cat Fallout at PCI Meeting
Nov 21 2005 // Several top insurance executives discussed the ramifications of Hurricane Katrina and other natural disasters in a panel discussion last month at the annual meeting of the Property Casualty Insurers Association of...
INSURERS NEED NOTICE ON CREDIT SCORES:
Nov 21 2005 // North Dakota Insurance Commissioner Jim Poolman has issued a memorandum to property/casualty insurers writing business in the state stating companies using credit-based insurance scores in the underwriting and rating of...
Carrier Watch
Nov 21 2005 // Stock Prices: Despite the devastation caused by the three major hurricanes which struck the Gulf Coast and parts of Florida sending reinsurers scrambling to raise money to prevent ratings downgrades, commercial lines...
