Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Insurers Urge Regulatory Modernization, Study of Cat Risk
Dec 8 2005 // In a speechbefore the American Legislative Exchange Council’s (ALEC) States & Nation Policy Summit, Property Casualty Insurers Association of America President and CEO Ernst Csiszar urged state legislators...
Insurer Told to Pay $8 Million to Missouri Couple Acquitted of Fraud
Dec 7 2005 // State Farm Insurance has been ordered to pay more than $8 million to a tow truck driver and his sister-in-law who were acquitted of insurance fraud after being accused of faking the theft of a vehicle. Jackson County...
Report: Europe’s Insurers Ignore IT Infrastructure Risks When Pricing
Dec 6 2005 // More than 50 percent of European insurance companies appear to be ignoring the physical environment in which information technology infrastructure is housed when setting premiums, according to research commissioned by...
Structural Engineer Puts Forth ‘New Orleans Property Owner’s Bill Of Rights’
Dec 5 2005 // Structural engineer Paul Durand recently released the following “New Orleans Property Owner’s Bill of Rights,” which offers consumers tips on getting compensated for property claims in the wake of...
Disability Insurers Challenge “Underground Regulations” in Court
Dec 5 2005 // Insurance companies filed a lawsuit against California Insurance Commissioner John Garamendi, challenging what they called “underground regulations” that would boost the cost of disability...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority and respect, one complaint stood out. “When asked about why he...
More Teeth for the D&O Fraud Exclusion
Dec 5 2005 // Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction in potential payouts. Imagine that you are a new independent director of a...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...
Words Are Key When Program Managers and Carriers Put Vows In Writing
Dec 5 2005 // Program Managers Urged to Protect Themselves When Negotiating Carrier Contracts As in a marriage, if it’s a good relationship, the parties never have to consider the contract. But if things go badly, words mean...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...
