Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
News Briefs
Sep 5 2005 // MASSACHUSETTS Fed Probe Firing of MassMutual CEO: Federal prosecutors are investigating the conduct that led to the firing of former MassMutual Insurance Comany chief executive Robert J. O’Connell, the company...
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...
State Farm of Florida’s Rate Request Questioned
Sep 5 2005 // Citing concern that insurance companies are using the 2004 hurricanes to unfairly raise rates, Florida’s Chief Financial Officer Tom Gallagher has called for an independent review of a rate increase on homeowners...
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 $30 billion...
Arbitration
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...
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...
News Briefs
Sep 5 2005 // NAMIC ENCOURAGES RATE MODERNIZATION IN HAWAII: The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passing rate modernization laws would benefit state commerce and insurance...
Insurers Address Brokerage Income Directly to Consumer
Sep 5 2005 // Just last week, one of the assistant directors at our firm, Brunie Lugo, was routinely reviewing a client’s renewal quotation she had received, checking it for accuracy, reviewing the pricing and proposed renewal...
After the Internet, Comes The Invasion of the Insurance Exchanges
Sep 5 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...
2010: A
Sep 5 2005 // The Road Ahead for Surplus Lines Wholesalers The model surplus lines insurance whole of 2010 should be faster, bigger, better, leaner, able to cross state lines and come in colors other than white. Industry leaders predict...
Frontier Insurance, in Rehab in N.Y., Moves Closer to Reopening
Sep 5 2005 // Frontier Insurance Company, which was seized by New York officials four years ago, is closer to reopening for business thanks to a recent court decision awarding the New York Liquidation Bureau greater flexibility over its...
Mass. Auto Insurance Rates: How Low Will They Go for Next Year?
Sep 5 2005 // As the wheel that sets 2006 auto insurance rates in Massachusetts begins spinning, there is no doubt it will be pointing at a negative number when it comes to rest in about two months. The real mystery is just how negative...
‘Sham Declinations’ Leave N.Y. Excess Broker Liable for Insurer’s Losses
Sep 5 2005 // A New York excess lines insurance broker’s use of “sham declinations” to skirt the law on placing coverage with a non-admitted carrier could cost the broker a lot more than just regulatory fines, if a...
Finding Solutions to the Industry’s Compliance Requirements
Sep 5 2005 // Technology Initiatives Can Help Carriers Enhance Regulation Strategies Compliance requirements for the insurance industry have changed radically in the last three years, including the The Patriot Act and Sarbanes Oxley...
After the Internet, Comes The Invasion of the Insurance Exchanges
Sep 5 2005 // Independent Agents May Soon Have a New Opportunity, Says MarketScout’s Kerr Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are...
Insurers Address Brokerage Income Directly to Consumer
Sep 5 2005 // Some Carriers Issue Endorsements on Producer Compensation Disclosure Just last week, one of the assistant directors at our firm, Brunie Lugo, was routinely reviewing a client’s renewal quotation she had received,...
SPECIAL REPORT: Back to Earth with Surplus Lines
Sep 5 2005 // NARRATOR: The year is 2010 and Dr. Lois Kwoat, Dr. Heywood Jawrithis and their know-it-all computer companion, Pal 2010, have returned to planet Earth from Recover Space Station a million miles away. They are on a new...
Mass. Auto Insurance Rates: How Low Will They Go for Next Year?
Sep 5 2005 // As the wheel that sets 2006 auto insurance rates in Massachusetts begins spinning, there is no doubt it will be pointing at a negative number when it comes to rest in about two months. The real mystery is just how negative...
