Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ill. Insurer Allegedly Defrauded Carnival Operators
Aug 17 2005 // Insurance regulators in Kentucky and Nebraska are investigating an Illinois-based insurance company for allegedly defrauding amusement industry operators in Kentucky and Nebraska. Richard A. Brooks & Associates Ltd.,...
Kansas Insurers Oppose Drivers’ License Renewals at AAA Offices
Aug 17 2005 // Kansas members of the National Association of Mutual Insurance Companies (NAMIC) are mobilizing opposition to a state program permitting drivers’ license renewals at local AAA offices. The Kansas Department of...
AIR Unveils Update of CATStation
Aug 17 2005 // AIR Worldwide Corporation (AIR) announced the latest release of CATStation, its web-based catastrophe risk management system. CATStation now reportedly provides insurers the ability to better manage accumulations of risk...
Credit-based Insurance Scoring in Renewal Policy Underwriting Essential for Accuracy
Aug 17 2005 // The National Association of Mutual Insurance Companies will testify at an Alaska Division of Insurance hearing that, “at renewal, insurance carriers need the flexibility to engage in a total circumstances analysis of...
Research and Markets Notes Competitor Profiles of Top UK Commercial General Insurers
Aug 16 2005 // Research and Markets(http://www.researchandmarkets.com/reports/c22564) has announced the addition of Competitor Profiles of the Top UK Commercial General Insurers to their offering This report will profile in depth the top...
N.J. Gubernatorial Hopeful Hit Over Out-of-State Insurer, Campaign Gifts
Aug 15 2005 // A public interest lawyer has charged Republican Douglas Forrester with intentionally skirting New Jersey law by licensing an insurance company out-of-state and using the shell operation to illegally funnel millions in...
Weiss Ratings: P/C Insurers Earn $41.3 Billion in 2004
Aug 15 2005 // Apparently unfazed by last year’s devastating hurricane season, the nation’s property and casualty insurers reported profits of $41.3 billion in 2004, representing a 28 percent increase over the $32.3 billion...
Insurer Says It’s Not Liable in Limp Bizkit Concert Death
Aug 15 2005 // An insurance company that issued a policy for rock band Limp Bizkit is asking a Los Angeles Superior Court judge to rule it has no liability for any damages awarded as the result of a teenage fan’s death at a 2001...
Kansas, Missouri Insurers Grew Profits in 2004
Aug 15 2005 // Forty-four property and casualty insurance companies based in Missouri reported total earnings of $224 million in 2004, compared with a loss of $423.5 million in 2003, according to Weiss Ratings Inc. In Kansas, 22 property...
Citing Anti-Fraud Success, Mass. Auto Insurers Seek Small Rate Cut
Aug 12 2005 // Citing a drop in claims, the Automobile Insurers Bureau of Massachusetts filed its proposal for 2006 personal auto insurance rates with the Commissioner of Insurance Julianne Bowler on behalf of insurance companies. The...
WIAA Submits Comments On Latest Garamendi Agenda Proposal
Aug 12 2005 // Requiring insurers to submit written explanations of “for cause” terminations of company appointments is unnecessary and lacks statutory authority Rancho Cordova…The Western Insurance Agents Association,...
Fifth Circuit Appellate Court Upholds Insurer ‘Bodily Injury by Disease’ Exclusion
Aug 12 2005 // The United States Court of Appeals, Fifth Circuit, recently issued its opinion in Graphic Packaging International Inc. v. Employers Insurance of Wausau, upholding the validity of an exclusion for “bodily injury by...
S&P Assigns ‘BBB’ Rating to Jordanian Insurer IGI
Aug 10 2005 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Jordan-based insurer International General...
Gallagher, Crist Withdraw Proposed Rule to Give Insurance Companies Higher Profits
Aug 10 2005 // A proposed rule that would have explicitly given insurance companies the option to seek higher profits, scheduled to be approved Tuesday by the Florida Cabinet, was withdrawn on Tuesday by Tom Gallagher, Florida’s...
PCI Expresses Concerns Regarding NAIC Insurer Receivership Model Act
Aug 10 2005 // The Property Casualty Insurers Association of America (PCI) expressed serious concerns last week regarding the Insurer Receivership Model Act (IRMA) at the National Association of Insurance Commissioners’ (NAIC)...
Wharton Study Recommends Short-Term TRIA Renewal, Study of Long-Term Solution
Aug 10 2005 // A 224-page report from the Wharton School at the University of Pennsylvania recommends that Congress renew the current federal Terrorism Risk Insurance Act backstop but “only for a relatively short period of...
Insurers Pay $35 Million to 3M Breast Implant Settlement
Aug 9 2005 // 3M Co. received $35 million from four insurers in July to settle breast implant lawsuits, the company announced late last week. The claims stem from a 2003 Minnesota Supreme Court ruling that 29 insurance companies must...
PCI Praises Alaska Gov. for Signing “Flex Rating” Modernization Bill
Aug 8 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...
ACIC’s Releases Special Insurance-Related Legislative Roundup
Aug 8 2005 // This is the Association of California Insurance Companies special report on the status of significant insurance-related bills that are awaiting action by the Legislature. Lawmakers return from their month-long summer...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
