Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
When Is Prejudice Required?
Mar 21 2005 // A Day of Confusion at the Fifth Circuit One of the black letter principles of insurance law in Texas is the requirement of prejudice to support a carrier’s claim of late notice under an automotive or general...
PLUS Symposium: Greater Transparency Will Change the Way Industry Does Business
Mar 21 2005 // Transparency will reportedly bring fundamental changes in how the industry operates, resulting in more open communication between the client, the broker and the underwriter. A change in the dynamics of the business also...
Fla. Cabinet’s Emergency Rule ‘Holds Insurers Feet to the Fire’ to Expedite Open Hurricane Claims
Mar 18 2005 // In response to a call by the Florida’s Chief Financial Officer Tom Gallagher, Gov. Jeb Bush and the Cabinet has approved an emergency rule to expedite the resolution of open claims from last year’s tropical...
Washington Bill Asks Insurers to Consider Dogs’ Deeds, not their Breeds
Mar 18 2005 // The only problem Dee Robison has with her favorite Doberman pinscher, Darby, is that the 90-pound pooch gets a little jealous when she turns her attention toward the television. “He’ll just stand there with his...
TDI Orders Homeowners Insurers to File Rates
Mar 17 2005 // The Texas Department of Insurance announced that record low loss ratios reported by Texas homeowners insurers in 2004 has prompted the department to order some of the state’s largest homeowners insurance groups to...
Florida Bill Would Drop Collective Deductible, But Would Incur Long-Range Costs for Consumers
Mar 17 2005 // A bill that is moving through the Florida House of Representatives could leave consumers and businesses with a hefty bill if the Florida Hurricane Catastrophe Fund is wiped out after a major hurricane. The proposed...
PCI Reports Mich. Supreme Court Rules for Insurers on Medical Charges
Mar 17 2005 // The Supreme Court of Michigan recently ruled that the state’s No-Fault Insurance Act prohibits health care providers from charging more than a reasonable fee for services and left it up to lower courts to determine...
Delaware Senate Panel Weighs Pros and Cons of Ban on Insurers’ Use of Credit Scoring
Mar 16 2005 // Delaware Insurance Commissioner Matt Denn urged the Senate Insurance and Elections Committee to pass Senate Bill 2, which would prohibit the use of credit scoring in auto and homeowners insurance policies in Delaware. Denn...
PCI: Banning Credit Score Use Will Hurt Del. Consumers
Mar 16 2005 // A Delaware bill that would ban insurers from using credit history to underwrite auto and homeowner policies would raise prices for most insurance consumers, according to the Property Casualty Insurers Association of...
Lloyd’s Settles with Central Fund Insurers for $ 292 Million; Best Comments
Mar 15 2005 // Lloyd’s announced that it has reached a settlement agreement with the insurers involved in the arbitration proceedings relating to an insurance policy supporting its New Central Fund. The settlement amount is £152...
Insurers Worried that N.J. Proposal Would Force Many Employees to Register as Lobbyists
Mar 15 2005 // A proposal by the New Jersey Election Law Enforcement Commission that would require most insurance company employees to register as lobbyists fails to distinguish true lobbyists who perform an “influencing”...
Insurers Say Granholm’s Premium Tax Hike Will Hurt Mich. Consumers
Mar 14 2005 // The Washington, D.C.-based American Insurance Association recently voiced strong opposition to Michigan Gov. Jennifer Granholm’s proposal to shift hundreds of millions of dollars in taxes onto the insurance industry,...
Watters Warns Mich. Docs of Bogus Med-Mal Insurer
Mar 14 2005 // Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters recently issued a warning about a medical liability insurer called Professional Liability Insurance Co. She said in a statement that the...
AIA: Recent Security Breaches Increase Spotlight on Protection of Consumer Information for Insurers
Mar 11 2005 // Recent security breaches at companies that collect, store and sell personal data – such as ChoicePoint, LexisNexis and Bank of America – individually and collectively cast a spotlight on privacy and security...
Insurer Trade Group Announces 2005 Legislative Agenda
Mar 11 2005 // The National Association of Mutual Insurance Companies (NAMIC) has announced its federal affairs agenda for 2005, and topping the list of items include further legal reform, improving state-based insurance regulation, an...
Lloyd’s Chairman Addresses Norway’s Insurers
Mar 10 2005 // Lloyd’s Chairman, Lord Peter Levene, addressing a gathering of the Norwegian insurance industry, reminded his audience of the historic ties between the U.K. and the Scandinavian nation, observing that the two...
Biker’s Choice of Motorcycle Reveals Taste in Body Art, Food and Employment Habits, Insurer Finds
Mar 10 2005 // What can one tell about a person by the kind of motorcycle they ride? Plenty, according to a recent countrywide online survey conducted by The Progressive Group of Insurance Companies, the number one seller of motorcycle...
Fla. CFO Issues Statement on ‘Face-to-face’ Meetings With Insurers
Mar 10 2005 // After receiving consumer complaints during town hall meetings in Pensacola, Fla. about unpaid claims, Tom Gallagher, Florida’s CFO, told insurance company representatives he would like to have...
Key Items Still Need to be Resolved in NCOIL Claims History Info Use Model
Mar 8 2005 // Model legislation that would restrict how insurers could use claims history information when underwriting property-casualty insurance coverage moved several steps closer to a vote when the National Conference of Insurance...
Berkshire Hathaway Chairman Warren Buffett on Insurance Economics and 2004 Results
Mar 8 2005 // By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5% fell short of the S&P 500 Index’s 10.9%...
