Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
NAMIC Opposes Calif. Commissioner’s Proposed ‘Use it and Lose it’ Regulations
Apr 21 2005 // The National Association of Mutual Insurance Companies (NAMIC) said it opposes California Insurance Commissioner John Garamendi’s proposed “Use it and Lose it” regulations. Garamendi alleged that...
Fla. Legislature Mulls Over Insurance Proposals, Sessions End in Three Weeks
Apr 20 2005 // With three weeks remaining before the end of the 2005 sessions of the Florida Legislature, it appears that only a few insurance-related proposals have made it through the process of elimination. Remaining proposals...
AIA: Reform of Mass. Residual Market Vital
Apr 20 2005 // Reforms of the Massachusetts high risk auto insurance pool will benefit the market and consumers, according to the American Insurance Association (AIA). Last Friday, AIA joined with the Massachusetts Insurance Federation...
ACIC President Responds to California Commissioner’s Homeowners Insurance Proposal
Apr 20 2005 // Calling insurers “dead wrong” for canceling or non-renewing homeowners who file a legitimate insurance claim, California Insurance Commissioner John Garamendi announced new regulations to protect homeowners...
N.J. Doc, Niece Keep Insurance Fraud a Family Matter
Apr 20 2005 // Vaughn McKoy, New Jersey director, Division of Criminal Justice, announced that an Essex County doctor and his niece have been ordered to pay more than $30,000 in restitution and fines after pleading guilty to multiple...
PCI Urges Court to Uphold Mass. High Risk Pool Reforms for Auto Insurance
Apr 19 2005 // The Property Casualty Insurers Association of America (PCI) joined with a group of insurers and insurance trade associations in filing a friend of the court brief on April 15 urging the Massachusetts Superior Court to...
INSURERS APPLAUD DEFEAT OF FAULT BILL:
Apr 18 2005 // The New Hampshire Senate’s decision to kill a trial lawyer-supported bill that would have required well-insured defendants with little liability to pay the lion’s share of legal judgments has been hailed as a...
Turning Politics into Green for Favored ‘Blue’ Insurers
Apr 18 2005 // A San Francisco-based nonprofit group that wants more consumers to support businesses that back liberal and “blue” state politics has added Progressive Insurance Co. to its preferred providers list. The group,...
PLUS’ Medical Malpractice Prognosis: Positive?
Apr 18 2005 // CHICAGO–Five words summed up the mood at this year’s Professional Liability Underwriting Society’s medical symposium: “The crisis aspect is over.” Thus spake Howard Friedman, chief financial...
INSURERS FILE SUIT TO STOP CREDIT SCORING BAN
Apr 18 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...
European Nations Offer Lessons in Insuring Catastrophes and Terrorism
Apr 18 2005 // GAO Study Explores Examples of How Public-Private Insurance Partnerships Operate A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government...
Territory Map Plan Struck From Fla. House Bill; Senate Passed It
Apr 18 2005 // A proposal that would create a single Florida-wide territory map and eliminate individual rate territories based on predicted hurricane risks and expected loss models was removed from House legislation, but was approved on...
W.Va. Releases E-mail Proposals; House Committee Advances SB 30
Apr 18 2005 // Details of negotiations between West Virginia insurance companies, Gov. Joe Manchin and Brian Kastick were released after a court decision requiring e-mails sent on Feb. 22 and 23 to be revealed to the public. Also, after...
Keeping Retention Rates High in a Softening Market
Apr 18 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 and profitability than those who consistently lose...
PLUS’ Med-Mal Prognosis: Positive?
Apr 18 2005 // CHICAGO–Five words summed up the mood at this year’s Professional Liability Un-derwriting Society’s medical symposium: “The crisis aspect is over.” Thus spake Howard Friedman, chief financial...
Calif.’s AB 925 Could Mandate Insurers to Invest in Under-served Communities
Apr 18 2005 // California Insurance Commissioner John Garamendi and Assembly member Mark Ridley-Thomas (D-Los Angeles) introduced AB 925, a new piece of legislation that would require insurers to make investments in low- and...
Aon Complaint Memos Reveal Personal Lines Arrangements
Apr 18 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...
PLUS’ Medical Malpractice Prognosis: Positive?
Apr 18 2005 // Five words summed up the mood at this year’s Professional Liability Underwriting Society’s medical symposium: “The crisis aspect is over.” Thus spoke Howard Friedman, chief financial officer at...
Insurer Group Files Lawsuit Against Texas Workers’ Compensation Commission
Apr 15 2005 // The Insurance Council of Texas reported it filed a lawsuit against the Texas Workers’ Compensation Commission challenging the agency’s proposed assessment of costly administrative penalties. ICT questions why...
Former CEO Greenberg Transferred $2 Billion in AIG Shares to Wife Just Days Before Quitting Insurer
Apr 14 2005 // Three days before he resigned as head of American International Group Inc., Maurice ‘”Hank” Greenberg gave his wife 41.4 million of his shares in the insurance company, according to a regulatory...
