Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
San Diego Contractor Ordered to Pay $37,669 in Restitution to State Fund
Dec 4 2005 // A San Diego County Superior Court has sentenced Valley Center, Calif., businessman John Presley to three years formal probation and ordered him to pay $37,669 in restitution to California’s State Compensation...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 4 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood...
Major Insurers, Non-Profits Launch Community-based Healthcare Initiative Impact
Dec 4 2005 // Impact Community Capital LLC, a consortium of major insurance companies, and NCB Development Corp. (NCBDC) have teamed up to offer as much as $50 million in low-interest loans to community health clinics that serve...
ASI, Zurich, AIG
Dec 4 2005 // ust like Arnold Schwarzenegger, today’s strongest and most successful insurance programs started out as scrawny and klutzy kids. Hard work along with nurturing from wise and patient carriers helped them build muscle...
Smaller and Regional Programs: Proven Exercises
Dec 4 2005 // Pumped for profit Robin C. Brennan knows fuel dealers. She’s been handling their insurance needs since 1998. Brennan is a vice president with the Managing Agency Group in Hartford, Conn., a subsidiary of Hilb Rogal...
Insurance Commissioners Announce Framework for National Cat Program
Dec 4 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of the National Catastrophe Insurance Summit held in November, are peddling the framework for a national catastrophe insurance program that...
More Teeth for the D&O Fraud Exclusion
Dec 4 2005 // A D&O policy may require the insurer to continue advancing defense costs on behalf of “black hat” co-defendants until there is a “final adjudication” of wrongdoing. Insureds need to understand...
Words Are Key When Program Managers and Carriers Put Vows In Writing
Dec 4 2005 // 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 everything.” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga.,...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 4 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...
People
Dec 4 2005 // GAB Robins, the international claims services firm, announced that Edward G. Troy has been named president and chief executive officer of the GAB Robins Group of Companies. Before joining GAB Robins, Troy served as...
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...
