Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
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,...
