Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Miss. Attorney General Hood
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
Med-Mal Rate Increases Slow Down in Arkansas
Oct 3 2005 // The cost of malpractice insurance for Arkansas doctors didn’t rise as much this year, but a new law limiting damages in liability suits isn’t getting the credit, according to the Associated Press and the...
Miss. AG Accuses Carriers of Cheating
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Hurricane Rita Losses Not as High as Previous Storms
Oct 3 2005 // But destruction will add to totals from Dennis, Katrina and Ophelia. While indications are that damages from Hurricane Rita won’t come close to equaling those of its immediate predecessor, Hurricane Katrina, that...
LOUISIANA
Oct 3 2005 // Bamert v. Johnson (La. App. Aug. 17, 2005) Insured claims self-defense/question of fact on applicability of intentional, willful and malicious acts exclusion: This concerned an insurer’s obligation to defend and...
New Report Warns of Rising Threat to US Insurers from Climate Change
Oct 3 2005 // Higher premiums, coverage restrictions already hitting many parts of country. Hurricane Katrina is a poignant reminder that U.S. insurers, government and consumers are at enormous risk from escalating losses from...
News Briefs
Oct 3 2005 // CALIFORNIA ACIC OPPOSES PROPOSED CDI REGULATIONS: The Association of California Insurance Companies recently testified on proposed Department of Insurance regulations. According to Jeff Fuller, executive vice president and...
The Ins and Outs of Claims-Made Policies
Oct 3 2005 // Claims-made policies are policies commonly associated with professional liability policies, such as Directors & Officers, Employment Practices Liability and other miscellaneous professional liability policies...
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
Fitch: Katrina Causes Unprecedented Challenges, Risks for P/C Insurers
Oct 3 2005 // The circumstances surrounding Hurricane Katrina are unprecedented in many ways, reports Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
The artisan contractors market on the rise
Oct 3 2005 // As the United States’ total population creeps up on the 300 million mark, no one can call the residential construction industry a dying breed. The continuous need for housing is apparent in the nation’s fastest...
ACIC Disappointed by Court’s Ruling Regarding Driver Discounts
Sep 29 2005 // The Association of California Insurance Companies (ACIC) said it is disappointed by this week’s Court of Appeal ruling that struck down a 2003 state law that allows insurers to discount auto insurance premiums,...
Pa. Insurer Will Not Raise Medical Malpractice Rates for 2006
Sep 28 2005 // Physicians in Pennsylvania will get a break from rising malpractice insurance premiums next year, as the Pennsylvania Medical Society Liability Insurance Company has indicated it will not seek a rate hike in 2006. The...
Fitch: Hurricane Rita Won’t Cause Widespread U.S. Insurance Company Rating Changes
Sep 26 2005 // Fitch Ratings said Monday it expects Hurricane Rita will represent a material loss to the insurance industry and will create further strain on insurers’ claims-adjusting resources. However, Fitch does not expect any...
Virginia GOP Figures Could Face Depositions in Suit Against Insurer
Sep 26 2005 // If the Republican Party of Virginia’s lawsuit against its former insurer for refusing to cover a legal battle over the GOP eavesdropping scandal goes to trial, key GOP figures could again be subpoenaed and...
Pa. Town’s Insurer Pays to Settle ‘Officer NASCAR’ Suit
Sep 25 2005 // The insurance carrier for the city of Erie, Pa. will pay $600,000 to the parents of a woman left brain damaged by a car crash involving a police officer whose driving earned him the nickname “NASCAR” among his...
Deadly Trucking Crash Leads to Calls for Tighter Insurance Rules in Conn.
Sep 25 2005 // Connecticut Attorney General Richard Blumenthal has called on the Motor Vehicles Department to demand proof of insurance from all trucking companies in Connecticut. The request came after survivors of a fiery, 20-vehicle...
Big ‘I’ Adopts Insurer Disclosure Policy
Sep 25 2005 // The national board of the Independent Insurance Agents & Brokers of America (IIABA) has adopted a new policy on producer compensation disclosure by carriers. The policy seeks to avoid disparate and conflicting company...
