Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
This Just In: Industry Conduct after Spitzer Shows Old Habits Die Hard
Nov 6 2005 // The multiple investigations triggered by New York Attorney General Eliot Spitzer have tarnished the insurance industry’s public image more than they have changed its private behavior, according to experts at a recent...
Avoiding Financial Catastrophes: Take Care When Procuring Agents E&O
Nov 6 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...
News Briefs
Nov 6 2005 // California CDI Amends Proposed “Action Notice” Filing Regulations The California Department of In-surance has deleted a section of proposed regulations that would have required insurers to notify CDI when a...
Should the Directors and Officers Fraud Exclusion Have More Teeth?
Nov 6 2005 // Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction Imagine that you are a new independent director of a public company. Outside...
CA Insurers Turn Out in Record Number to Help Nonprofits
Nov 6 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...
Employment Practices Liability: Like Fine Wine, Better With Time
Nov 6 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...
Credit-based Insurance Scoring Remains a Key Legislative, Regulatory Issue
Nov 6 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,...
Professional liability ripples
Nov 6 2005 // urricane 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...
S&P Study Finds Latin American Insurers Improve Performance
Nov 4 2005 // Overall, Latin American insurance companies are working to improve underwriting results and improve performance, says a report released by Standard & Poor’s Ratings Services titled, “The Evolution Of...
$3B Katrina Claims Paid in Mississippi; Dale Says He’s in a ‘No-Win’ Situation
Nov 4 2005 // The Mississippi Department of Insurance has been the moderator for numerous Hurricane Katrina victims who claim damage they received from Hurricane Katrina was caused by wind, not flooding; and according to Commissioner...
Frustration Grows in La., Miss., as Hurricane Survivors Wait for Insurers
Nov 4 2005 // Once a proud businessman, William Dwyer sits in a New Orleans-area parking lot these days begging his insurer for money. The 57-year-old retiree said he was quick to file claims after Hurricane Katrina severely damaged his...
FastSnap Photo Service Helps Insurers Handle Wilma Claims
Nov 3 2005 // Reseda, CA – FastSnap’s network of photographers is available to help insurers and agents document hurricane losses in South Florida. “Our role usually fits on the underwriting side, but in this...
BPG: Industry Can Reduce Costs by as Much as 30% in Implementing Business Process Automation Technology
Nov 2 2005 // BearingPoint Inc., a global management and technology consulting firm, announced the results of a global research study showing that insurance companies that implement key automation technology can reduce costs by as much...
Mich. Insurer Expands to Ohio and Iowa
Nov 2 2005 // American Community Mutual Insurance Co. has expanded availability of its small group health care plan for companies with two to 50 employees to Ohio and Iowa. The health care plan offers insured members access to their own...
Gov. Romney, Insurers Wage TV Ad War Over Mass. Auto Reforms
Nov 2 2005 // Massachusetts Gov. Mitt Romney’s legal office asked television stations this week not to air advertisements attacking his auto insurance reform proposal, sparking criticism that he is trying to squelch debate about...
Insurers Challenge Delaware Curb on Use of Claims History in Renewals
Nov 1 2005 // Insurers are challenging a Delaware regulation that limits their ability to base homeowners insurance underwriting decisions on insureds’ past claims history. The American Insurance Association and the Property...
J.D. Power: Hurricanes Play Major Role in Homeowners Customer Satisfaction
Nov 1 2005 // Major hurricanes, such as the ones that have ravaged the Gulf Coast states in the past two years, have had a significant negative impact on homeowners insurance customer satisfaction in those states, according to the J.D....
Canada Insurers Launch Major Injury Prevention Campaign
Nov 1 2005 // Canada’s home, car and business insurers recently launched a National Injury Prevention Campaign to reinforce the message that most injuries are preventable. The campaign will travel to many towns across the country...
Lawsuit Claims Disability Insurer Sought to Avoid Paying Claims
Nov 1 2005 // UnumProvident Corp., the nation’s largest disability insurer, systematically sought ways to avoid paying claims to millions of California customers, a lawsuit claims. The lawsuit filed in Superior Court by...
Carriers Flooded With Auto Damage Claims from Hurricane Wilma
Nov 1 2005 // The “Insurance Village” established in Plantation, Fla. near Fort Lauderdale by the Department of Financial Services, had a lot of damaged vehicles in the lot, and many auto policyholders were seen in the...
