Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Latin Agents Urge Insurers to Join the Hispanic Market Explosion
Sep 19 2005 // As the Hispanic population surpasses 40 million with a combined purchasing power of more than $700 million, the insurance industry is keeping its eye on this ever-growing market segment. Hispanic agents and Latin agent...
INSURERS TO PAY $50M IN JACKSONVILLE INCINERATOR CLEANUP
Sep 19 2005 // Insurance companies formerly insuring Jacksonville, Fla. will pay $50 million, while the city will pay $25 million, in the $75 million settlement of a class-action lawsuit filed in 2003 by local residents. The city settled...
INSURERS OFFERING GRACE PERIODS
Sep 19 2005 // Some insurance companies are suspending billings or offering grace periods for payments from Alabama customers affected by Hurricane Katrina, according to Walter Bell, Insurance Commissioner. AFLAC, Alfa, Allstate,...
Okla.’s Harbor Insurance Earns FSR of ‘A,’ Exceptional From Demotech
Sep 19 2005 // Harbor Insurance Company announced has earned a Financial Stability Rating (FSR) of “A,” Exceptional, from Demotech Inc. Harbor Insurance Company is a wholly owned subsidiary of AHIC Acquisition Corporation....
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Report Warns of Dire Consequences Unless Industry, Government Act Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
HRH Agrees to $30 Million Settlement with Connecticut AG
Sep 19 2005 // Hilb Rogal & Hobbs Company, the Richmond, Va.-based insurance and risk management intermediary, recently reached an agreement with Connecticut Attorney General Richard Blumenthal to settle charges relating to...
Surveying the Damage: After Katrina, Can the Industry Withstand Another Disaster?
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
Case Law Watch
Sep 19 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 LLC and edited by insurance lawyer Kevin T. Merriman...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry — and the rest of us — are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
International Newsbriefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Independent Agents Have Beaten the Internet; Now Face Opportunities in Exchanges
Sep 19 2005 // Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are on the verge of even greater victories, one of the industry’s technology...
Midwest Insurers Pitch In for Katrina Relief
Sep 19 2005 // In the wake of Hurricane Katrina, insurers in the Midwest rose to the challenge, not only by getting adjusters on the ground as quickly as possible, but offering volunteer services and monetary contributions as well. The...
Wisconsin Senate Committee Kills “All Sums” Bill
Sep 19 2005 // A Wisconsin Senate Committee has killed the “all sums” bill, a measure vehemently opposed by the insurance industry. A.B. 222 (Senate Bill 137), was defeated in the Senate Committee on Agriculture and Insurance...
Fla. Lawmakers Nelson, Foley Voice Support for National CAT Fund
Sep 19 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of...
HRH Agrees to $30 Million Settlement with Connecticut AG
Sep 19 2005 // Hilb Rogal & Hobbs Company, the Richmond, Va.-based insurance and risk management intermediary, recently reached an agreement with Connecticut Attorney General Richard Blumenthal to settle charges relating to...
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other weather-related events, according to a report by a Boston-based investor and...
News Briefs
Sep 19 2005 // Illinois Katrina Could Affect Ill. Insurance Rates: Experts say the path of destruction left by Hurricane Katrina likely will lead to higher insurance rates in the metro-east and across the country, although it is unclear...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
