Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
French Insurers Plan Rapid Processing of Riot Related Claims
Nov 11 2005 // Spokesmen for France’s insurance industry have indicated that it will speed up claims processing in order to pay for damages to vehicles and property resulting from the urban violence that has rocked France for over...
Insurance Company Loses Ark. Lawsuit Against Trailer Manufacturer
Nov 10 2005 // The Arkansas Court of Appeals ordered the full dismissal of a lawsuit filed by an insurance company that paid a claim after a mobile home caught fire. Nationwide Mutual Fire Insurance Co. had claimed that Fleetwood Homes...
La. DOI: Emergency Rules to Expire on Nov. 30 and Dec. 31
Nov 9 2005 // Louisiana Department of Insurance issued a second notice regarding the Emergency Rules that require insurance companies to give policyholders affected by Hurricane Katrina or Hurricane Rita an automatic extension of time...
ISO’s Coyne Urges P/C Insurers to Reinvent Themselves to Survive Fierce Competition, Catastrophes
Nov 8 2005 // Fierce competition and catastrophe losses are forcing change all across the property/casualty insurance business, an industry leader said Monday. Ferocious competition has driven rates of return down and led to an increase...
PIA National Names Diegel as Chairman of Carrier Executive Group
Nov 8 2005 // Shelly Diegel has been elected chairman of the National Association of Professional Insurance Agents’ Company Council of Executive Officers (PIA-CCEO) for 2006. Diegel currently serves as vice president, Small...
Credit-based Insurance Scoring Remains a Key Legislative, Regulatory Issue
Nov 7 2005 // Credit-based insurance scoring has been a contentious legislative and regulatory issue in the world of insurance for at least the last three or four years, but the nature of the debate has changed, Robert Detlefsen,...
Disaster Claims and the Ripple Effect
Nov 7 2005 // Hurricane Katrina has long gone, but the aftereffects of the mighty storm are likely to linger for a very long time. Rita and Wilma have compounded the mess. The direct losses are staggering. The latest preliminary figures...
Employment Practices Liability: Like Fine Wine, Better With Time
Nov 7 2005 // Many insurance products grow better with the passage of time, as good underwriters look for ways to structure the policy language to be more response to evolving claims scenarios, legislative and judicial developments and...
W. Va. Legislation Effectively Reduced Homeowners, Auto Rates
Nov 7 2005 // Automobile and homeowners rates have been dramatically reduced as a result of legislative changes made by the West Virginia Legisla-ture, Insurance Commissioner Jane L. Cline, told Professional Independent Insurance Agents...
Should the D&O Fraud Exclusion Have More Teeth?
Nov 7 2005 // Imagine that you are a new independent director of a public company. Outside auditors uncovered accounting irregularities within one of the company’s primary sales divisions. An internal investigation led to a...
Avoiding Financial Catastrophes:Take Care When Procuring Agents E&O
Nov 7 2005 // Agents and brokers have spent a great deal of energy in recent years finding suitable insurance products for their clients. Not only has the marketplace become more complex, the typical insured has become increasingly more...
This Just In: Industry Conduct after Spitzer Shows Old Habits Die Hard
Nov 7 2005 // Blaming the Media for Industry’s Poor Image Also Lives On at PLUS Meeting The multiple investigations triggered by New York Attorney General Eliot Spitzer have tarnished the insurance industry’s public image...
CA Insurers Turn Out in Record Number to Help Nonprofits
Nov 7 2005 // An unprecedented number of California insurance industry professionals volunteered their time to charitable projects for the Insurance Industry Charitable Foundation’s recent 8th Annual Volunteer Week. The 2005...
CALIFORNIA SUPREME COURT UPHOLDS INSURANCE COMMISSIONER’S AUTHORITY
Nov 7 2005 // The California Supreme Court ordered to “de-publish” a Court of Appeal ruling–AIA vs. Garamendi–touted by insurance companies as limiting the regulatory authority of the Insurance Commissioner. The...
JUDGE RULES INSURANCE CARRIER DOESN’T HAVE TO PAY CLEARONE
Nov 7 2005 // A federal judge has ruled that an insurance carrier does not have to help ClearOne Commun-ications cover a $10 million settlement with its shareholders. U.S. District Court Judge Tina Campbell said ClearOne, a maker of...
Uninsured /Underinsured Motorist
Nov 6 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...
W. Va. Legislation Effectively Reduced Homeowners, Auto Rates
Nov 6 2005 // Automobile and homeowners rates have been dramatically reduced as a result of legislative changes made by the West Virginia Legisla-ture, Insurance Commissioner Jane L. Cline, told Professional Independent Insurance Agents...
News Briefs
Nov 6 2005 // ALABAMA Vesta Reinsurance To Cover Wilma Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida. “As previously disclosed, Vesta’s...
Should the D&O Fraud Exclusion Have More Teeth?
Nov 6 2005 // Imagine that you are a new independent director of a public company. Outside auditors uncovered accounting irregularities within one of the company’s primary sales divisions. An internal investigation led to a...
News Briefs
Nov 6 2005 // Arkansas 2006 Comp Rates Released The Arkansas Workers’ Compens-ation Commission released its revised Advisory 2000-1, which describes the maximum and minimum rates to be paid to employees who suffer job-related...
