Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
INSURERS OPPOSE POLICE LEVY:
May 9 2005 // State regulators and auto insurance companies doing business in Massachusetts are opposed to a legislative proposal that would impose $15 million in new surcharges on insurers to pay for police training. Insurance...
How to Own an Insurance Company
May 9 2005 // Purchasing a Shell Could be a Smart Move for Some Profit-Seeking Brokers Oft times, managing general agents, wholesalers and insurance brokers feel they are inadequately compensated for the important services they provide...
PCI: Collaborative Effort Yields Positive Results for Insurers in Washington
May 9 2005 // Despite early signs that the 2005 session of the Washington Legislature would impose a series of costly and burdensome measures on the insurance market, the Property Casualty Insurers Association of America saw the most...
WCIRB REPORT ON INSURER EXPERIENCE RELEASED:
May 9 2005 // California’s Workers Compensation Insurance Rating Bureau has completed its quarterly report summarizing the most current insurer loss and premium experience as of Dec. 31, 2004. Among the highlights of the report...
Health Insurer to Pay La. Woman More Than $2M
May 6 2005 // A health insurance company has been ordered to pay a Louisiana woman more than $2 million for delaying the discovery of a spinal tumor, according to the Associated Press. Christaine Hymel, of Mandeville, had to delay an...
Best Affirms Ratings for St. Paul Travelers Insurance Company Ltd.
May 6 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and assigned an issuer credit rating of “a” to St. Paul Travelers Insurance Company Limited (St. Paul) (United Kingdom). Both ratings...
Author Pulls Bill Mandating California Insurer Community Investments
May 6 2005 // The author of a California bill that would mandate insurer community development investments, withdrew the bill from consideration for this legislative session. Assemblyman Mark Ridley-Thomas, will not pursue AB 925...
NAMIC Commends Md. Legislative Focus on Teens; Other Bills Discussed
May 5 2005 // Resisting efforts to impose new regulatory mandates, the Maryland legislature’s enactment of seven bills to enhance the state’s teen driver graduated licensing statutes and provide stricter provisions for...
AIA Urges Lawmakers to Defeat Maine Premium Tax Increase
May 5 2005 // The American Insurance Association (AIA) is urging Maine lawmakers to reject a proposal (LD 1021) that would increase the premium tax by 25 percent. “This tax increase would damage the state’s economy by making...
FBI Targets Insurers in Widening Fraud Probe; Industry Responds
May 5 2005 // The insurance industry, already under scrutiny by state and federal authorities for various practices, now faces another questioner. The Federal Bureau of Investigation has launched a probe of the insurance industry that...
Calif. Credit Regulation Bill Passes First Committee
May 4 2005 // Legislation sponsored by the Association of California Insurance Companies (ACIC) to impose strong regulation of the use of credit information by homeowners insurers passed its first committee test today. The bill, AB 1454...
Mass. Tightens Finite Reinsurance Rules; States Weigh Accounting Change
May 3 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...
Australian Regulator Seeks Closer Scrutiny Over Insurers
May 3 2005 // The Australian Prudential Regulation Authority (APRA), which regulates the country’s insurance industry, is proposing tighter reporting requirements in order to enable the regulator to more closely scrutinize the...
Guy Carpenter Publishes Specialty Program Survey
May 3 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has announced the results of its premier survey of domestic insurance companies that write a...
Fla. Cabinet Told: 186 Insurers Still Have 57,830 Claims Open from Storms
May 3 2005 // Kevin McCarty, Florida Office of Insurance Regulation Commissioner reported Tuesday morning to the Florida Cabinet that 186 insurers have reported they still have 57,830 claims open. “Last month, we were still facing...
W. Va. Insurers React to Passed Legislation, Five Companies Decreasing Auto Rates
May 2 2005 // Insurers in West Virginia, reacting to the legislation singed last week that eliminates third-party, bad-faith lawsuits, have begun to take the first steps toward lowering insurance rates. State Farm Insurance Friday...
Sponsor Pulls Bill Mandating California Insurer Community Investments
May 2 2005 // The sponsor of a California bill that would mandate insurer community development investments, withdrew the bill from consideration by this legislative session. Assembly Member Mark Ridley-Thomas, will not pursue AB 925...
Allstate Drives Forward with N.Y. Auto Rate Cuts
May 2 2005 // Acting Superintendent of Insurance Howard Mills announced that Allstate Insurance Company, New York’s largest auto insurer in terms of market share, has agreed to reduce their customers’ premiums, on average,...
PCI: Collaborative Effort Yields Positive Results for Insurers in Washington
Apr 29 2005 // Despite early signs that the 2005 session of the Washington Legislature would impose a series of costly and burdensome measures on the insurance market, the Property Casualty Insurers Association of America (PCI) saw the...
