Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
Ala. Commissioner Asks Carriers for 60 Day Grace Period
Sep 12 2005 // Alabama’s Insurance Commissioner Walter Bell has asked all insurers in his state to provide a 60 day grace period for customers who have claims related to Hurricane Katrina to prevent the cancellation of policies...
Miss. Commissioner Dale Urges Insurers to Pay ‘All’ Valid Katrina Claims
Sep 9 2005 // Mississippi Insurance Commissioner George Dale has issued a bulletin to insurance companies urging insurers pay all valid claims from Hurricane Katrina. The bulletin warns insurers that if they deny a claim, they will be...
EEOC Sues Wis. Insurer Over Fired Pregnant Worker
Sep 9 2005 // The U.S. Equal Employment Opportunity Commission has filed a discrimination lawsuit against a central Wisconsin insurance company, claiming it fired an employee because she was pregnant. But Mount Morris Mutual Insurance...
S&P Issues Report on European Insurers U.S. Operations
Sep 8 2005 // Standard & Poor’s Ratings Services has issued a new report on how European insurers are doing in the U.S. market. The article entitled “Some European Insurers Maintain U.S. Property/Casualty Operations...
Llorente Investigations to Manage Special Investigative Unit for Alaska National Insurance Company
Sep 8 2005 // Llorente Investigations, a Huntington Beach, Calif.-based investigation firm specializing in insurance fraud investigations, has announced it will provide the Special Investigative Unit (SIU) for Alaska National Insurance...
New Report Warns of Rising Threat to Industry from Climate Change
Sep 8 2005 // Hurricane Katrina is a reminder to the U.S. insurance industry, companies, governments and the general public that all are at risk from escalating losses from hurricanes and other weather-related events due to climate...
Louisiana Proposes Insurance Company Restrictions
Sep 8 2005 // A draft order released by Louisiana’s insurance commissioner Wednesday would significantly restrict the ability of property and health insurance companies to cancel the policies of Hurricane Katrina victims in that...
N.Y. Court Awards No-Fault Damages Despite Late Notice to Insurer
Sep 7 2005 // A New York trial judge has dealt a blow to New York State’s timely insurance no-fault auto insurance notice requirement, under which insurers can deny coverage if a claim is not filed within a set period. Following a...
Mercury Insurance Named Texas Insurance Company of the Year
Sep 7 2005 // Mercury Insurance Group has been named “Texas Insurance Company of the Year” by the Texas Insurance Professionals, the Texas affiliate of PIA National. The award was announced at their Annual Meeting, held...
Alabama Insurers Offering Suspended Billing, Grace Periods
Sep 6 2005 // Some insurance companies are suspending billings or offering grace periods for payments from Alabama customers affected by Hurricane Katrina, state Insurance Commissioner Walter Bell said. AFLAC, Alfa, Allstate, Farmers,...
Australian P/C Insurers Credit Quality Remains Strong Says S&P
Sep 6 2005 // Standard & Poor’s Ratings Services has issued a statement indicating that “credit quality among the nonlife insurance players in Australia should remain strong over the next couple of years, supported by...
Report Says U.S. Insurance Industry Loses More than $16B in 2004 on Auto Premium Rating Error
Sep 6 2005 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, has released its annual Premium Rating Error report. The report concludes that premium rating errors continue to lower the overall profits of auto...
Mich. Med-Mal Insurer Withdraws Bid on PIC Wisconsin
Sep 6 2005 // American Physicians Capital Inc., a Michigan provider of malpractice insurance, has withdrawn its hostile bid to buy 24 percent of Physicians Insurance Co. of Wisconsin Inc. and opted to purchase a lesser share of the...
Case Law Watch
Sep 5 2005 // Richard v. Century Sur. Co. (W.D. La. June 25, 2005) Question of fact regarding reinstatement of CGL policy: This concerns property damage incurred during Hurricane Lillie on Oct. 3, 2002. The insured made a claim under...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims
Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina–which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29–would be in the $10 billion to...
Case Law Watch
Sep 5 2005 // Boghos v. Certain Underwriters at Lloyd’s of London (California, July 18, 2005) Ruling: This case considered the effect and enforceability of an arbitration clause in a contract for disability insurance. The Supreme...
Insurers Tally Damage After Wisc. Tornadoes
Sep 5 2005 // Insurance companies are totaling up the damage from more than two dozen tornadoes that struck south-central Wisconsin in mid-August. Statewide, the storms resulted in one death, 30 injuries, 20-25 destroyed homes, and 200...
Cancellation and Reinstatement
Sep 5 2005 // Richard v. Century Sur. Co. (W.D. La. June 25, 2005) Question of fact regarding reinstatement of CGL policy: This concerns property damage incurred during Hurricane Lillie on Oct. 3, 2002. The insured made a claim under...
Disasters: Have They Become a Year-Round Phenomenon in California?
Sep 5 2005 // Are disasters in California happening more frequently or are communication technological advances today making us more aware of impending and hard hitting disasters? To really comprehend, we must examine how our state has...
