Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers File Suit to Stop Mich. Credit Scoring Ban
Mar 29 2005 // As planned, a group of Michigan property/casualty insurers has filed a lawsuit challenging the state’s new rule set banning their use of credit scores in auto and homeowners insurance and reducing base...
Alabama Insurance Commission Deadline Passes, Insurers Have 30 Days to Pay Claims
Mar 29 2005 // The March 25 deadline, set by the Alabama Department of Insurance for insurers to settle Hurricane Ivan-related claims or report to the department why they have not been settled, has passed and according to a DoI...
Tower Group Completes Buy of 9 Insurer Licenses
Mar 28 2005 // Tower Group, Inc.has completed the acquisition of North American Lumber Insurance Company, an insurance company with active licenses in the nine states which it plans to use to expand. The states are New Jersey,...
Insurers Consider NAIC Broker Compensation Disclosure Amendment Overbroad
Mar 28 2005 // The National Association of Mutual Insurance Companies (NAMIC) said it has sent a letter to NAIC President Diane Koken, who also serves as chair of the executive task force on broker activities, to reaffirm its view of the...
Fla. Legislators Hammering Out Property Insurance Regulations, Changes
Mar 25 2005 // Major changes in Florida’s property insurance system are being mulled over by Florida lawmakers after the House and Senate have both been wrestling with the topic and have now hammered out changes to tighten up the...
ABI Says Authorities Expose $6.55 Million a Week in U.K. Insurance Fraud
Mar 24 2005 // According to figures recently issued Association of British Insurers (ABI), the “net is tightening” on the U.K.’s insurance cheats. The figures show a “dramatic rise in the value of fraudulent...
German Cartel Office Levies Fines on 10 Insurers for Price Fixing
Mar 24 2005 // According to news reports, from the Associated Press, Reuters and other sources, Germany’s Cartel Office has levied fines totaling 130 million euros ($170 million) against 10 companies charged with having colluded to...
Court: Insurer Must Pay Tyco CEO’s Legal Costs for Now
Mar 24 2005 // A Chubb Insurance subsidiary that provided liability for the executives of Tyco International must pay the legal bills of that company’s former chief executive officer, L. Dennis Kozlowski, who is on trial charged...
Mich. DOI Study Finds Competition Doesn’t Equal Affordability; Insurers Say Losses Driving Rates
Mar 24 2005 // Michigan’s Office of Financial and Insurance Services last week released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the...
Alldredge Named to Coordinate Mutual Insurers’ State Advocacy Strategies
Mar 23 2005 // The National Association of Mutual Insurance Cos. announced that Neil Alldredge has been named senior director of state advocacy. In his new capacity, Alldredge will be responsible for development and execution of all...
PCI: Fla. Hurricane Cat Fund Changes are Key to Property Market Stability
Mar 22 2005 // The Property Casualty Insurers Association of America (PCI) is urging the Florida Legislature to establish an annual hurricane deductible for insurers and lower the threshold of losses that an insurer must sustain before...
Fight Over Credit Ban Moves to Colo. Senate Floor
Mar 22 2005 // Legislation that would prohibit insurers’ use of credit information narrowly advanced out of the Colorado Senate State Affairs Committee Monday on a 4-3 vote and will be opposed by the insurance industry on the...
St. Paul Travelers Agrees to Fund Winding Down of Maryland Urban Insurer American Skyline
Mar 22 2005 // Having decided last year to end its support after four years and $30 million, The St. Paul Travelers Cos. has now agreed to funnel funds one last time into a Maryland insurer it helped start as a model to serve urban...
Spitzer’s Complaint Outlines Aon’s Personal Lines Deals with Insurers
Mar 21 2005 // The recent $190 million settlement between the world’s second largest insurance broker, Aon, and officials in three states sheds light on how, as New York Attorney General Eliot Spitzer and other public officials...
Workers’ Compensation: In-Between the Good, the Bad, and the Injuries
Mar 21 2005 // With overall claims frequency still on the decline and loss costs and rates relatively stable, the state of the workers’ compensation line nationwide continues to show positive signs of improvement. Nevertheless, the...
Aon Complaint Memos Reveal Personal Lines Arrangements
Mar 21 2005 // The recent $190 million settlement between the world’s second largest insurance broker, Aon, and officials in three states sheds light on how, as New York Attorney General Eliot Spitzer and other public officials...
Insurance-Related Subjects Top Florida Legislature’s To-Do List
Mar 21 2005 // The Florida Legislature began its spring session March 8 with insurance-related topics expected to take the limelight with several dozen proposals before the governing body, ranging from giving consumers more tools to...
Florida, Alabama Get Tough on Unpaid Claims
Mar 21 2005 // Thousands of irate homeowners mobbed state insurance officials in Florida and Alabama to complain about a wait of more than six months for their claims to be settled from the 2004 hurricanes. Tom Gall-agher, Florida Chief...
Workers’ Comp Varies Widely; Reforms Slow to Enact, Enforce
Mar 21 2005 // Employer responsibility for the expense of accidents and in some cases occupational illnesses, varies from state to state. Em-ployers must provide reasonable information, rules, supervision, training and safety. The word...
INSURERS MUST CONSIDER SECURITY BREACH
Mar 21 2005 // Insurers who use credit scoring in underwriting and rate setting must take into consideration the recent security breach at ChoicePoint Inc., according to a bulletin issued by the Texas Department of Insurance. TDI’s...
