Latest Carriers Headlines

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...

Sep 5 2005 // Harleysville Group Inc. has appointed Robert G. Whitlock Jr. as senior vice president and chief underwriting officer. He will assume senior management responsibility for Harleysville’s commercial lines and personal...

By Andrew G. Simpson

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...

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...

Survey: Auto Insurance Buyers Continue to Use Internet More Often

Sep 2 2005 // The number of visitors who turn to the Internet to seek service or obtain an auto insurance quote has increased considerably, according to a new study released by J.D. Power and Associates. “Consumers compelled to...

Miss. Insurers Directed to Grant Grace Periods in Hurricane-Impacted Areas

Sep 2 2005 // Mississippi Insurance Commissioner George Dale has requested all insurance companies doing business in Mississippi to grant a 60-day grace period for collection of insurance policy premiums owed by residents of the state...

Fitch: Katrina May be Most Costly U.S. Insured Loss Ever

Sep 2 2005 // Fitch Ratings on Friday updated its analysis of Hurricane Katrina. The range of estimated insured losses continues to be very wide and Fitch believes it will be a long time before these estimates are refined. Nonetheless,...

Regulators Say Industry Prepared for Katrina’s Cost

Sep 2 2005 // The National Association of Insurance Commissioners (NAIC) says that while the damages from Hurricane Katrina may set record losses, the property and casualty industry maintains the adequate capital and liquidity required...

Fla. Lawmakers Voice Support for National CAT Fund

Sep 1 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.) have voiced their support for a national catastrophe fund that insurance companies would establish to provide extra funding in the event of...

Best: Most Insurers Will Meet Hurricane Katrina’s Financial Commitments

Sep 1 2005 // In response to Hurricane Katrina, A.M. Best Co. has begun to aggregate public and private information in order to assess the financial impact it will have on the global property/casualty insurance and reinsurance...

HRH, Conn. AG Reach $30 Million Settlement on Brokerage Activities

Aug 31 2005 // Hilb Rogal & Hobbs Company, a large insurance and risk management intermediary based in Richmond, Va., has reached an agreement with Connecticut Attorney General Richard Blumenthal to settle charges relating to...

Nationwide Mutual Insurance Company Will Limit Fla. Property Exposure

Aug 31 2005 // The Nationwide Mutual Insurance Company announced today that it will reduce its property exposure in Florida. “As we continue to analyze our business strategy, it has become increasingly apparent that we are not...