Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Counting Claims from Wisc. Tornado Strike
Aug 23 2005 // American Family Insurance of Madison, Wisc., which insures about one of every four homes in Wisconsin, has $10.3 million in claims and expects that figure to increase to $12 million. American Family reported receiving 320...
Texas Election Lawsuit Expanded to Include Insurers
Aug 22 2005 // Several corporate donors, most of them insurance companies, are now defendants in a civil lawsuit filed by three losing Texas Democratic legislative candidates in connection with funding of their opponents’...
Claims History Model Act Now in Hands of State Legislators
Aug 22 2005 // NCOIL Model Addresses Use of Claims, Inquiries in Underwriting Homeowners Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel...
Insurance Industry’s Share of Weather-Related Losses Rising, Researcher Says
Aug 22 2005 // Also, Majority of Weather Losses Tied to Smaller Events, Not Larger Catastrophes The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of...
FLEX RATING MODERNIZATION BILL SIGNED INTO LAW IN ALASKA:
Aug 22 2005 // The Property Casualty Insurers Association of American praised Gov. Frank Murkowski for signing into law legislation which will modernize and improve Alaska’s system for establishing rates for homeowners, auto and...
News Briefs
Aug 22 2005 // MASSACHUSETTS Health Insurance Rates Rising: The state’s largest health insurers say most Massachusetts companies and their workers will see increases of 10 percent or more in their health insurance premiums...
Eavesdropping Scandal Aftermath Pits Insurer Vs. Virginia GOP
Aug 22 2005 // The Republican Party of Virginia is suing its liability insurance carrier, seeking nearly $1 million in reimbursement for the GOP’s payout to settle a lawsuit over an eavesdropping scandal and attorneys’ fees...
Auto-Liability
Aug 22 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...
People
Aug 22 2005 // The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. With members from more than 30 U.S....
News Briefs
Aug 22 2005 // Arkansas Conference to Aid Business Leaders The Arkansas Workers Compensa-tion Commission will hold the 18th Annual Workers’ Compen- sation Educational Conference Oct. 12-14 in Little Rock. The AWCC said businesses...
Drawert Honored with ICT Award as Insurers Celebrate Improvements
Aug 22 2005 // Jim Drawert, vice president and chief underwriting officer for The Republic Group, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 13th Annual Mid-Year Property and Casualty...
Catastrophe Models No Substitute for Experienced Underwriters
Aug 22 2005 // Managing Editor, Insurance Insider Computer programs designed to predict losses from possible cataclysmic events have been a boon to the insurance industry-the programs have reinforced reinsurers’ loss expectations,...
News Briefs
Aug 22 2005 // WIAA SUBMITS COMMENTS ON LATEST GARAMENDI AGENDA PROPOSAL: The Western Insurance Agents Association submitted comments to the California Department of Insurance opposing yet another over-reaching proposed regulation...
Claims History Model Act Now in Hands of State Legislators
Aug 22 2005 // Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel their policy, or raise their premium, under a new claims history model...
Bare market for residential
Aug 22 2005 // As construction development in the United States reaches an all time peak, with overall spending up 7.5 percent in 2005 compared to 2004, agents and brokers writing contractor business are having a tough time locating...
Insurance Industry’s Share of Weather-Related Losses Rising, Researcher Says
Aug 22 2005 // The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of these weather-related losses are attributable to small events as distinct from...
Aon: 4 Airline Crashes Result in $180 Million Bill for Insurers
Aug 20 2005 // Aon Corp. reported on Friday that the four airline crashes that have hit Canada, Italy, Venezuela and Greece this month, have resulted in August being the worst month for airline losses in more than three years. According...
S&P Comments on Korean Insurance Industry Transparency Plan
Aug 18 2005 // Standard & Poor’s Ratings Services has given a definite maybe to a newly unveiled reform plan for Korea’s insurers. The rating agency called the plan “a good start towards enhancing the...
Illinois Supreme Court Reverses $1.06 Billion State Farm Auto Repair Parts Case
Aug 18 2005 // Today, the Illinois Supreme Court reversed a prior state court’s $1.06 billion judgment in a class action against State Farm Insurance over the use of so-called aftermarket auto parts for repairs. The high court...
TDI Notes July Enforcement Actions Taken by Geeslin
Aug 18 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include seven license revocations, one license denials and fines and restitution...
