Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Hawaii To Receive New Flood Insurer
Sep 23 2005 // Hawaii’s insurance commissioner has approved another insurer to come into the Hawaii market offering flood insurance. The new insurer, internet-based Insurecat, will provide “coverage for something as obscure...
MADD of N.J. Marks 25 Years with Help from Auto Insurers, Dealers
Sep 23 2005 // Acting New Jersey Governor Richard Codey today officially launched the New Jersey celebration of Mothers Against Drunk Driving’s 25th Anniversary. A $10,000 anniversary gift to MADD was presented by N.J.-based...
Conn. AG Blumenthal Expands Suit Against Marsh to Include Bid Rigging, Kickback Allegations
Sep 22 2005 // Connecticut Attorney General Richard Blumenthal announced new allegations in his lawsuit against insurance broker Marsh & McLennan Inc., including bid rigging, price fixing and illegally steering Connecticut...
TDI Outlines Expectations for Industry Regarding Hurricane Rita
Sep 22 2005 // As Hurricane Rita approaches the Texas coast, the Texas Department of Insurance issued several bulletins to the insurance industry. Bulletins are signed by the insurance commissioner and notify the industry of the...
PIA Requests Advance Emergency Orders From TDI
Sep 21 2005 // The National Association of Professional Insurance Agents and its affiliate, the Texas Insurance Professionals, are recommending that Texas insurance regulators and federal authorities ease certain insurance regulations...
ACIC Opposes Proposed California Department of Insurance Regulations
Sep 21 2005 // The Association of California Insurance Companies (ACIC) recently testified on proposed Department of Insurance regulations. According to Jeff Fuller, executive vice president and general counsel of ACIC, if passed, the...
Miss. Rep. Taylor Suggests Carriers Reclassify Katrina’s Damage, Make Flood Program Participation ‘Retroactive’
Sep 20 2005 // Two scenarios about how the federal government might help with insurance claims in the wake of Hurricane Katrina were suggested at a town hall meeting on Monday in D’Iberville, Miss. by U.S. Rep. Gene Taylor. If the...
Beecher Carlson Launches NOVUS Browser-Based Program
Sep 20 2005 // Beecher Carlson, an Atlanta-based insurance brokerage and risk management consulting company has launched NOVUS, a browser-based program-building solution that dramatically accelerates the issuance of accurate commercial...
An Open Letter to the Insurance Industry Seeking Assistance for Independent Agents Devastated from Hurricane Katrina
Sep 20 2005 // Independent insurance agents in Southeast Louisiana and South Mississippi face a daunting task as they play their part in rebuilding their shattered communities. They will need the help of the insurance companies whose...
Fitch: Katrina Causes Unprecedented Challenges/Risks for P/C Insurers
Sep 19 2005 // Circumstances surrounding Hurricane Katrina are unprecedented in many ways, said Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
Latin Agents Urge Insurers to Join the Hispanic Market Explosion
Sep 19 2005 // As the Hispanic population surpasses 40 million with a combined purchasing power of more than $700 million, the insurance industry is keeping its eye on this ever-growing market segment. Hispanic agents and Latin agent...
INSURERS TO PAY $50M IN JACKSONVILLE INCINERATOR CLEANUP
Sep 19 2005 // Insurance companies formerly insuring Jacksonville, Fla. will pay $50 million, while the city will pay $25 million, in the $75 million settlement of a class-action lawsuit filed in 2003 by local residents. The city settled...
INSURERS OFFERING GRACE PERIODS
Sep 19 2005 // Some insurance companies are suspending billings or offering grace periods for payments from Alabama customers affected by Hurricane Katrina, according to Walter Bell, Insurance Commissioner. AFLAC, Alfa, Allstate,...
Okla.’s Harbor Insurance Earns FSR of ‘A,’ Exceptional From Demotech
Sep 19 2005 // Harbor Insurance Company announced has earned a Financial Stability Rating (FSR) of “A,” Exceptional, from Demotech Inc. Harbor Insurance Company is a wholly owned subsidiary of AHIC Acquisition Corporation....
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Report Warns of Dire Consequences Unless Industry, Government Act Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
HRH Agrees to $30 Million Settlement with Connecticut AG
Sep 19 2005 // Hilb Rogal & Hobbs Company, the Richmond, Va.-based insurance and risk management intermediary, recently reached an agreement with Connecticut Attorney General Richard Blumenthal to settle charges relating to...
Surveying the Damage: After Katrina, Can the Industry Withstand Another Disaster?
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
Case Law Watch
Sep 19 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...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry — and the rest of us — are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
