Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How Many Times Does the Insurer Pay – Multiple Occurrences’
Jan 5 2005 // With the recent news that some insurers will be liable for “two events” relating to the World Trade Center attacks on Sept. 11, many in the insurance world have focused their attention to the “number of...
Commerce Insurance Goes to Court Over Newly-Approved Mass. Auto Assigned Risk Plan
Jan 5 2005 // The Commerce Insurance Company, a wholly owned subsidiary of The Commerce Group, Inc., has filed an action in Massachusetts Superior Court, Suffolk County, in response to the rules published by the Division of Insurance...
Governor’s Plan Putting Calif. Workers’ Comp Market on Right Track, Says ACIC
Jan 5 2005 // Governor Arnold Schwarzenegger’s plan for reform of the troubled California workers’ compensation system is already putting the state’s system on more stable footing, according to the state’s...
Insurers Appear Disciplined but Open to New Program Business
Jan 5 2005 // While a number of insurance companies have exited the program business in recent years, program administrators heard from a few carriers recently that appear willing to at least consider new proposals. During a panel at...
N.J. Orders 18 Insurers to Supply Compensation Plans
Jan 4 2005 // New Jersey Banking and Insurance Commissioner Holly C. Bakke has ordered 18 insurance companies domiciled in the state to submit information and documents outlining compensation and fee arrangements with their...
Commercial Property Market Survives Extraordinary and Ordinary Catastrophes
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
Love Alone Can’t Keep Pa.'s Perpetual Green Tree in Business Forever
Jan 3 2005 // I really do love this company,” said Charles Barber, who is facing the reality that the end is near even while holding out hope that an investor will appear to keep alive his beloved 220-year old insurance...
INSURERS BACK MD. CLAIMS LAW:
Jan 3 2005 // The Property Casualty Insurers Association of America has filed an amicus brief before the Maryland Court of Appeals, urging the court to affirm a lower court decision upholding a law, in existence since 1872, that...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Jan 3 2005 // Inaccurate Territories and Assignments Hurt Consumers, Agents and Companies Territories offer tremendous opportunities for insurance companies to better segment their book of business, but private passenger auto and...
Conning:Home Insurers Hit ‘Sweet Spot,’ Could Stay There Until 2008
Jan 3 2005 // After two decades of poor financial results, the homeowners line is finally in the “sweet spot,” according to a new study by Conning Research and Consulting Inc. The study, Homeowners Insurance: The...
DOC-OWNED MED-MAL CARRIER GETS LICENSE:
Jan 3 2005 // The Healthcare Underwriters Group Mutual of Ohio, a medical liability insurance company owned and governed by the state’s doctors, has received authorization from the insurance department to begin issuing insurance...
Lessons Learned From a Cherry Red Car
Jan 3 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
Untangling the Regulatory Environment Pits State Against Federal Legislators
Jan 3 2005 // In times of disaster the insurance industry is supposed to shine, and your industry did,” Alabama Insurance Commissioner Walter A. Bell commented during a panel discussion at the Society of Insurance Research annual...
Two New Insurance Companies Receive Fla. Approval, Certificates
Jan 3 2005 // The Florida Office of Insurance Regulation has issued Certificates of Authority to two new insurance companies, Gulfstream Property and Casualty Insurance Company, and Southern Oak Insurance Company. Both companies will...
Partnership to Improve Hurricane Preparedness
Jan 3 2005 // Floridians will long remember 2004 as the year of the hurricane. The Atlantic region had 15 named storms, nine of them hurricanes. Of those, four hit Florida in the span of six weeks. Recently, hurricane forecaster William...
Focus on the Future: Come 2014, Industry Should Look Very Familiar
Jan 3 2005 // Ten years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Jan 3 2005 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Indep-endent Insurance Agents &...
2003-2004 California Year-End Legislative Repo
Jan 3 2005 // A summary of the most important legislation affecting the industry in the New Year The historic recall of Gray Davis and election of Arnold Schwarzenegger as governor of California set the tone for the 2004 legislative...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Jan 3 2005 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
Hawaii Hurricane Insurer Raises Rates 20 Percent
Dec 31 2004 // The state’s largest provider of hurricane insurance to local homeowners has raised its rate by an average of about 20 percent, the first rate increase in the company’s four years in Hawaii. Zephyr Insurance Co....
