Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
The Hartford Chosen as Preferred Commercial Insurer by National Association of Wholesaler-Distributors
Jun 2 2005 // The National Association of Wholesaler-Distributors (NAW), representing more than 40,000 wholesale- distribution companies across the country, has selected The Hartford Financial Services Group Inc. as its endorsed...
Mass. Gov. Proposes Good Driver Rate Rollback in Plan to End ‘Soviet-Style’ System
Jun 1 2005 // Massachusetts auto insurers would be required to provide up to a five percent discount to good drivers with clean records but be able to set other rates up to a cap of 15 percent on liability coverage under an auto...
KFF: Medical Malpractice Claims Stable; FTCR Reports Time to Focus on Insurers’ Practices
May 31 2005 // The chief argument for legislation to limit the legal rights of patients injured by a physician – that the number of medical malpractice claims and the cost of those claims have been skyrocketing – is a...
Five W. Va. Insurers Pledge to Cut Auto Premium Rates
May 30 2005 // Five of West Virginia’s largest carriers have pledged to lower premiums by more than $54 million, according to Insurance Commissioner Jane Cline. Within the past month State Farm, Nationwide, Erie, Allstate and...
TDI Reports April Enforcement Actions
May 27 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Jose Montemayor that became final during the month of April. The actions include eleven license revocations, a license denials and fines...
AIA Opposes California Bill to Limit Home Inventories
May 26 2005 // A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will invite padding of claims and raise costs for all...
With No Major Surprises, Iowa Legislature Ends on Positive Note
May 25 2005 // Pleased with no last minute surprises to insurers, the Property Casualty Insurers Association of America (PCI) has commended the Iowa Legislature and Gov. Thomas Vilsack for taking positive and progressive steps on this...
N.J. Drivers Geared Towards More Savings in 2005
May 25 2005 // New Jersey Banking and Insurance Acting Commissioner Donald Bryan recently announced that during the last two years 64 percent of auto insurance policyholders have received rate reductions or special dividends. Since the...
Owners of Arizona Homes Burned by Wildfire Sue Insurance Companies
May 25 2005 // Homeowners from a mountaintop community northeast of Tucson began filing lawsuits May 24 accusing their insurance companies of failing to provide enough coverage on homes destroyed in a June 2003 wildfire. Roughly 70...
Rhode Island House Backs 60-Day Limit on Uninsured Driver Claims
May 24 2005 // The Rhode Island House of Representatives passed a bill last week that would require insurance carriers to respond to a request to settle with an uninsured driver within 60 days of the request; if the request has not been...
CONN. DOG BILL WOULD MUZZLE INSURERS:
May 23 2005 // Led by Connecticut state Rep. Melissa Olson whose home insurance was cancelled because she owns a dog, the House of Representatives narrowly passed a bill that bans insurance companies from refusing coverage based only on...
Excess Capital: Too Much of a Good Thing?
May 23 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it–if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
TWCC Fines Carriers After Audits
May 23 2005 // The Texas Workers’ Compensation Commission completed audits of several insurance carriers for compliance with preauthorization processing requirements and for performance on retrospective review of medical bills for...
Fla. CFO Issues Warning: ‘Prepare Now for Hurricanes’
May 23 2005 // After an unprecedented hurricane season last year and experts predicting the formation of more than 13 named Atlantic storms this season, Florida’s Chief Financial Officer Tom Gallagher is issuing a warning to...
Old Rhode Island’s New Pawtucket: Big Plans to Stay Small
May 23 2005 // Investors Plan Small, Focused Writer of Homes, Including on Coasts, in Mass., R.I., N.Y. The investors in line to revitalize the 157-year old Pawtucket Mutual Insurance and its subsidiary Narragansett Bay Insurance...
The Nitty Gritty of Blue Collar Programs
May 23 2005 // Program Managers Working for the Working Class For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the...
Gov. Bush Pledges to Sign SB1486; Insurers Uneasy About Its Provisions
May 23 2005 // Florida Gov. Jeb Bush pledged during the May 11 opening of the annual Governor’s Hurricane Conference at the Tampa Convention Center to sign and approve Senate Bill 1486, controversial legislation that consumer...
Watters Warns Mich. Docs of Bogus Med-Mal Insurer
May 23 2005 // Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters recently issued a warning about a medical liability insurer called Professional Liability Insurance Co. She said in a statement that the...
FBI Targets Insurance in Probe of Carrier, Agent and PEO Practices
May 23 2005 // The insurance industry, already under scrutiny in some segments by state and federal authorities for various compensation, reinsurance, bid-rigging and accounting practices, now faces another questioner. The Federal Bureau...
TWCC FINES CARRIERS AFTER AUDITS
May 23 2005 // The Texas Workers’ Compensation Commission completed audits of several insurance carriers for compliance with preauthorization processing requirements and for performance on retrospective review of medical bills for...
