Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mo. Bill Would Make Complaints Against Carriers Confidential
May 18 2005 // Among the many bills sent to Missouri Gov. Matt Blunt’s desk on the final day of the session is one that would make consumer complaints about insurance companies confidential. Supporters say the bill, HB 388, is...
S&P Analysis of Australia P/C Insurers
May 17 2005 // Standard & Poor’s has published an analysis of the current state of the Australian P/C industry. The rating agency noted: “The softening insurance cycle has entrenched itself in commercial lines in...
ACIC Elects Board Members
May 13 2005 // Members of the Association of California Insurance Companies (ACIC) have elected Cinda Smith, senior counsel at GEICO, as chair at the organization’s recent annual meeting, according to ACIC President Sam...
Committee Votes to Carry Over AIA-Opposed Maine Premium Tax Increase
May 13 2005 // The Joint Labor Committee of the Maine state legislature has voted to carry over a proposal (LD 1021) opposed by the American Insurance Association that would increase the premium tax by 25 percent. This measure would...
NAMIC: N.D. Loss-History Bill Will Have ‘Immediate Impact’
May 11 2005 // Legislation enacted by the North Dakota legislature will have “a fundamental and immediate impact” on how insurers conduct business in the state, according to a spokesman from the Indianapolis-based National...
Insurers Seek Amendment to Nev. ‘Black Box’ Bill
May 11 2005 // The Property Casualty Insurers Association of America (PCI) said on Wednesday it is seeking an amendment to pending Nevada legislation that would provide insurance companies with post-accident access to information...
TWCC Audits Carriers for Handling of Medical Bills
May 10 2005 // The Texas Workers’ Compensation Commission announced it recently completed audits of several insurance carriers for compliance with preauthorization processing requirements and for performance on retrospective review...
PCI Says Insurers Survive Colorado Legislative Session
May 10 2005 // In what best could be called “Survivor: The Colorado Legislative Session,” there were many twists, turns and surprises along the road to adjournment recently, however the insurance industry successfully worked...
Best Affirms German Insurer SOVAG’s ‘B++’ Rating
May 9 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of German insurer SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag), with a stable...
‘Mixed Feelings’ Result as Fla. Legislature Passes SB 1486; Carriers’ Burdens Could Increase Overall Costs
May 9 2005 // The Florida Legislature debated SB 1486, an 83-page insurance bill, until the early morning hours on Saturday and approved a document that makes major changes in how claims will be handled, starting with the next storm....
Conn. Dog Bill Would Muzzle Insurers
May 9 2005 // When Connecticut state Rep. Melissa Olson called around for homeowner’s insurance recently, an agent on the other end of the line asked what kind of dog the Norwich Democrat owned. Olson didn’t really know for...
Mass. Tightens Rule on Finite Reinsurance; States Consider Change in Accounting Rules
May 9 2005 // While the National Association of Insurance Commissioners is considering changing the accounting rules for finite reinsurance transactions, Massachusetts is proceeding with a tightening of its own reporting...
Sarbanes-Oxley Rules Drive Up Large Insurers’ Audit Costs
May 9 2005 // Fortune 1000 companies’ auditing costs have increased by $1.4 billion collectively so far, and much of this increase is in response to the corporate governance act known as Sarbanes-Oxley, according to University of...
Keeping Retention Rates High In A Softening Market
May 9 2005 // The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success than those who consistently lose clients. While many elements...
Mixed Signals on Compensation and Conflicts of Interest
May 9 2005 // RIMS Annual Meeting The risk management community and some of the world’s largest insurance brokers sent mixed signals on the future of contingent commissions for insurance brokers and other potential areas of...
Smiling Through Adversity
May 9 2005 // When her husband Tim died, JoAnn Osmond inherited the family agency … and a career in Illinois Politics. Near the edge of the Illinois-Wisconsin border, closer to Milwaukee than Chicago, in a little town called...
Case Watch
May 9 2005 // Editor’s note: 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 LLP and edited by insurance lawyer...
POWELL, RIDGE AND OXLEY TO ADDRESS INSURERS IN CHICAGO
May 9 2005 // Former Secretary of State Colin Powell, former Secretary of Homeland Security Tom Ridge and U.S. Rep. Mike Oxley (R-Ohio) will be the featured speakers at the 2005 Property Casualty Insurers Association of America’s...
Florida CFO Lauds Passage of Homeowners Insurance Protections for Residents
May 9 2005 // Florida’s Chief Financial Officer Tom Gallagher on Monday said that the homeowners insurance legislation that passed late Friday contains numerous provisions that will benefit Florida’s...
Liberty Mutual Becomes 10th Insurer to Reduce N.Y. Auto Rates
May 9 2005 // Liberty Mutual, a Boston-based insurer with more than a quarter-million New York auto policyholders, has agreed to reduce premiums by an average of three percent. Liberty Mutual’s New York customers, who are insured...
