Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
My Brother’s Keeper-Duties and Liabilities of Agents and Brokers
May 23 2005 // Insurance plays an important role in today’s society in protecting individuals and businesses from different risks. A wide variety of policies and products have been developed to cover common, and not so common,...
News Briefs
May 23 2005 // Louisiana Producer Arrested, Issued C&D A Caddo Parish, La., insurance producer was arrested and issued a cease and desist order for allegedly misappropriating insurance funds, according to the Louisiana Depart-ment...
News Briefs
May 23 2005 // JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE: A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated...
News Briefs
May 23 2005 // MICHIGAN Commissioner Appeals Credit Scoring Decision The state of Michigan has filed an appeal of a judge’s ruling that allowed insurance companies to continue using customers’ credit scores to determine their...
Med-Mal in Washington – When Carriers and the Regulatory Body Cooperate
May 23 2005 // The medical malpractice market in Washington state has improved immensely in recent times, but the debate about tort reform is just getting started. Competing initiatives will be in front of voters this fall with the trial...
Insurers Dispute Study of Ill. Courthouse Med-Mal Data
May 22 2005 // Court statistics were improperly used in a study released last week that concluded the Illinois tort system is not the cause of medical malpractice premium increases, according to the American Insurance...
S&P Places Russian Insurer on CreditWatch/Negative
May 20 2005 // Standard & Poor’s Ratings Services announced that it has placed its “B-” long-term counterparty credit and insurer financial strength ratings and its “ruBBB-” Russia national scale rating...
Insurers Lose in Stringfellow Acid Pits Jury Trial
May 18 2005 // Insurance companies must pay to clean up a hazardous waste dump, the Stringfellow Acid Pits. A Riverside County, California jury on May 16, 2005 found in favor of the State of California and against CNA, Wausau, Yosemite,...
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...
