Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
CAS Attendees Hear of Positive Trends from Calif. Workers’ Comp Reforms
Jul 4 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society Spring...
Insurers Holding the Price Line – for Now
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty, and reinsurance executives say that underwriting...
ACIC OPPOSES SMALL CLAIMS COURT LEGISLATION:
Jul 4 2005 // The Association of California Insurance Companies is opposing Small Claims Court legislation that would hurt consumers by reducing the ability of insurers to represent their policyholders in court. Jeff Fuller,...
Va. Chief Insists SOX Debate Must Go On Despite Insurers’ Protests
Jul 4 2005 // The debate over insurance company financial reporting should center on the value of what is being reported by insurers and the effort to change the reporting rules must go on despite opposition by some, according to the...
Agent Leader Hits Hodgepodge of Disclosure Rules by Insurers
Jul 4 2005 // While insurance companies are calling upon state officials to coordinate their responses to the various brokerage compensation and other inquiries, independent insurance agents are worried about how the insurers themselves...
Insurers Holding the Price Line-For Now
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting...
News Briefs
Jul 4 2005 // ILLINOIS Feds Subpoena CNA on Finite Reinsurance: Chicago-based commercial insurer CNA Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite...
For Mutuals, SOX Rules Don’t Fit
Jul 4 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
AIA Seeks to Improve N.C. Security Breach Legislation
Jul 4 2005 // Well-intentioned legislation aimed at fighting broad-based identity theft needs several changes before it can work effectively for property/casualty insurance policyholders, according to Raymond G. Farmer, Ameri-can...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...
Insurers Holding the Price Line–For Now
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting...
IIABA Leader Fears Hodgepodge of Fee Disclosure Rules by Insurers
Jul 4 2005 // While insurance companies are calling upon state officials to coordinate their responses to the various brokerage compensation and other inquiries, independent insurance agents are worried about how the insurers themselves...
Treasury Report on Terrorism Insurance: Exec Summary
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
Best Affirms Ratings of Northbridge Affiliates; Revises Outlook to Positive
Jun 29 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and has assigned issuer credit ratings (ICR) of “a-” to the companies comprising Canada’s...
Wis. Assembly Passes Bill to Pin Insurers With $500 Million Fox River Cleanup Tab
Jun 29 2005 // A coalition of carriers that insured Wisconsin’s paper manufacturers thought they had successfully defeated a legislative effort to force them to pick up the estimated $500 million tab to clean up the polluted Fox...
AIA: Insurers Lowering Rates, Price Controls Damage California Workers’ Comp System
Jun 29 2005 // California’s workers’ compensation insurers have been filing historic rate decreases with the Department of Insurance, demonstrating that the 2003-2004 reforms are working, according to the American Insurance...
N.J. House Proposing Business Tax for Insurers; PCI Expresses Concerns
Jun 29 2005 // The Property Casualty Insurers Association of America (PCI) said Wednesday it is concerned with the New Jersey Assembly’s consideration of A-4401, legislation to impose a possible corporate business tax on insurers...
A.M. Best Assigns FSR to Markel Corp; Outlook Stable
Jun 29 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and has assigned issuer credit ratings (ICR) of “a” to the Markel North America Insurance Group (Markel) and its...
Strategy Retained as Exclusive Insurer by VGV for Affinity Program
Jun 28 2005 // Strategy International Insurance Group, Inc. announced from its Toronto office that it has been named by Value Guaranteed Vacations Inc. (VGV Inc.) as the exclusive insurer for its affinity program, the VGV(TM)...
