Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
News Briefs
Nov 20 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
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Nov 20 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...
Whittington to Set up New Singapore Insurer
Nov 18 2005 // The insurance division of the Omni Whittington Group is to demerge and will benefit from a major injection of expansion capital. A new holding company, Whittington Group Pte Limited, will be domiciled in Singapore with net...
Insurance Commissioners Announce Framework for National Cat Program
Nov 17 2005 // Concluding the two-day National Catastrophe Insurance Summit held in Burlingame, Calif., insurance commissioners from California, Florida, Illinois and New York on Wednesday agreed that they had a basic framework for a...
No Rate Change for TWIA; Texas Insurer Groups Question Why
Nov 16 2005 // Texas Insurance Commissioner Mike Geeslin ordered the rates of homeowners that purchase windstorm coverage from the Texas Windstorm Insurance Association (TWIA) to remain unchanged, while increasing commercial rates five...
Ark. Reminds Insurers of Rural Risk Underwriting Assessment
Nov 16 2005 // The Arkansas Insurance Department issued a reminder that the annual Rural Risk Underwriting Assessment of $200 is due to the department by Dec. 31. Under state law, the insurance commissioner may assess insurers for the...
N.J. Agents Back Change in Insurers’ Auto Expense Formula
Nov 16 2005 // The Professional Insurance Agents of New Jersey Inc. recently provided comments supporting the New Jersey Department of Banking and Insurance’s proposal to change the method for calculating the maximum allowed...
Hiscox Forming Bermuda Insurer
Nov 14 2005 // Hiscox, Plc, one of the U.K.’s leading Lloyd’s and specialty insurers, announced that it’s in the process of forming a Bermuda-based subsidiary, which will “write a balanced business mix of...
AIR Worldwide: Significant Quality Issues with Insurers’ Exposure Data
Nov 14 2005 // A recent analysis of insurers’ exposure data by AIR Worldwide Corporation (AIR) determined that the quality and completeness of most insurers’ commercial policy data is insufficient for a detailed and accurate...
Insurer and 2 Inspection Firms Dismissed from R.I. Nightclub Trial
Nov 13 2005 // A federal judge in Providence dismissed an insurance company and two other defendants from a civil lawsuit brought by survivors of a deadly 2003 Rhode Island nightclub fire and by relatives of those who died. U.S. District...
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...
