Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
A Brief History of Contingent Commission Agreements
Feb 7 2005 // Contingent commissions first appeared in the 1960s when claims were rising much faster than the rate of inflation and insurance companies cut agent commissions on premiums. To make up for this loss of revenue, carriers...
Agent’ Or Broker’ Consumer Choice Dictates Disclosure
Feb 7 2005 // What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers,...
Insurers Agree to $93M Settlement over Hazardous Waste Site in California
Feb 4 2005 // California has won a $93 million settlement with 16 insurance companies over cleanup costs at a notorious hazardous waste site. Lloyd’s of London, one of the state’s major insurers, will pay $49 million of the...
Texas AG Reaches Final Settlement with Insurers for Auto Repair Overcharges
Feb 4 2005 // Texas Attorney General Greg Abbott announced the last two in a five-year series of settlements with various insurance companies to give refunds to Texas policyholders who paid more out of pocket on claims for auto repairs...
Fla. CEO Requests Rate ‘Freeze’; Insurance Council Shares His Concerns
Feb 3 2005 // Florida’s CFO Tom Gallagher has requested a freeze on all insurance rate increases for homeowners policies. According to a press release issued by the Department of Financial Services: “I learned today that...
No-Charge Auto Insurance Pioneer Out to Sell More VWs, Convince Skeptics Rating Model Works
Feb 1 2005 // Volkswagen of America, looking for ways to attract younger buyers, is going beyond sporty designs, cash rebates and zero percent financing incentives to offer car buyers, regardless of their risk profile, auto insurance at...
PCI: TDI Study Finds Use of Credit is Fair and Accurate
Feb 1 2005 // The Texas Department of Insurance (TDI) has delivered to the state legislature its final phase of its report on insurers’ use of credit information. According to the Property Casualty Insurers Association of America...
Insurers Say Catholic Archdiocese Withheld Evidence
Jan 31 2005 // The Roman Catholic Archdiocese of Los Angeles withheld “critical evidence” that could help insurance carriers assess the validity and worth of more than 500 sexual abuse claims, the insurers allege. In a...
Colorado Senators KO Credit Ban
Jan 28 2005 // By a 5-2 bipartisan vote members of the Colorado Senate Business, Labor and Technology Committee rejected a measure that would have banned insurers from using credit history to underwrite and rate automobile and homeowners...
Md. Democrats Hit Redmer for HMO Rate Hike OK; Redmer Points to Legislators’ Approval of Tax
Jan 27 2005 // Maryland Democratic legislative leaders have castigated Insurance Commissioner Alfred Redmer for his blanket approval of a 2 percent increase in HMO premiums, saying he is playing politics with the issue to advance the...
Insurers Blast Consumer Report On Contingent Fees
Jan 27 2005 // The American Insurance Association and the Property Casualty Insurers Association of America have joined independent agents in criticizing a report on the use of contingent commissions in personal lines insurance by the...
Consumer Group Hits Payment of Contingent Commissions in Personal Insurance as Harmful to Buyers
Jan 27 2005 // A new report by a national consumer organization claims that contingent fee arrangements “similar” to those being investigated by New York Attorney General Eliot Spitzer in commercial insurance brokerage are...
Insurers Call for Approval of Class Action Legislation
Jan 27 2005 // As Senate Majority Leader Bill Frist (R-Tenn.) announced his intention to make class action reform legislation an immediate priority for the 109th Congress this week, the Property Casualty Insurers Association of America...
Mich. Insurers Say Consumers Lose in Gov. Granholm’s Tax Plan
Jan 27 2005 // A proposal to more than double the tax burden on the state’s insurance industry announced by Governor Jennifer Granholm today will result in higher premiums for the insurance-buying consumer, the Insurance Institute...
Bill to Prohibit Insurer Use of Credit-Based Scores Defeated in Colorado
Jan 26 2005 // On Tuesday, Colorado legislators “wisely” defeated a proposal to ban the use of credit-based insurance scores (SB 5), according to the American Insurance Association (AIA). “The Senate Business and...
Federal Class Action Against Marsh, 4 Insurers Alleging Consumer Fraud to be Filed Today in Boston
Jan 25 2005 // Massachusetts trial lawyer Robert Bonsignore is prepared to file a class action suit in U.S. District Court today in Boston accusing insurance broker Marsh and several insurers of price-fixing and consumer...
Insurer Groups Ask Ill. Supreme Court to Adopt Rule Restricting Class Actions
Jan 25 2005 // A national insurance trade association is requesting that the Illinois Supreme Court enact a rule that would set standards for class-action lawsuit certifications that are in line with federal requirements and those in...
Insuring the Young and the Carless
Jan 24 2005 // VW Seeks a Sales Charge Out of No-Charge Insurance to Car Buyers Volkswagen of America, looking for ways to attract younger buyers, is going beyond sporty designs, cash rebates and zero percent financing incentives to...
