Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mass. Approves New Residual Auto Plan
Nov 23 2004 // After years of industry complaints and months of wrangling among regulators, carriers, voluntary agents, involuntary agents, consumers and lawmakers, Massachusetts has overhauled its system of insuring high risk...
Progressive’s Black Box: Is Big Brother Good for the Industry’
Nov 22 2004 // Some drivers in Minnesota will soon have an added passenger in their cars: their insurance company. Progressive Insurance Company is using so-called “black box” technology to offer drivers discounts based on...
Insurers Pleased with Results of 2004 Federal and State Elections
Nov 22 2004 // While most folks are just happy the political advertisements are gone, Election Day 2004 did provide some results of interest to the insurance industry. President George W. Bush (R) was re-elected for a second term,...
Study: Half of Compensation to 9/11 Victims Came from Insurance
Nov 22 2004 // Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half of the $38.1 billion in benefits, according to a recent study. The results...
Competitive Storm Brewing — What Spitzer’s Lawsuit May Mean to Us All
Nov 22 2004 // Perhaps like you, I have been fascinated by the press coverage our industry has received lately–probably more individual stories in prominent newspapers than at any other point in the last 25 years, all thanks to the...
Competitive Storm Brewing — What Spitzer’s Lawsuit May Mean to Us All
Nov 22 2004 // Perhaps like you, I have been fascinated by the press coverage our industry has received lately–probably more individual stories in prominent newspapers than at any other point in the last 25 years, all thanks to the...
Focus on the Future: Come 2014, Industry Should Look Very Familiar
Nov 22 2004 // PCI Execs Contend Current Players Will Adapt to Maintain Advantages Ten years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look...
Viewers Have Insurers to Thank for Reality TV
Nov 22 2004 // Some Predicted Reality TV Would be Tough to Insure But Insurers Have Reduced the Risks Jon Paulsen was one of millions of TV viewers watching as contestants on the NBC reality show Fear Factor went bobbing in a vat of lard...
Insurers Oppose Broadening R.I. Inspection Liability
Nov 18 2004 // The Property Casualty Insurers Association of America (PCI) filed a motion for permission to file an amicus brief with the Rhode Island District Court to challenge the potential expansion of the state’s statute...
Rated Self-Insurance Pools Outperform Commercial Insurers and Captives, A.M. Best Study Shows
Nov 18 2004 // Self-insurance pools interactively rated by A.M. Best Co. bear out the effectiveness of the stringent entrance requirements of members, focused loss-mitigation activities, and ownership interest in both the loss exposure...
Calif. Commissioner Files Suit Against ULR and Insurers
Nov 18 2004 // Commissioner John Garamendi on Thursday announced a major lawsuit against Universal Life Resources of San Diego and four major insurers accused of hiding millions of dollars in secret commissions. During a news conference...
Mass. Must Face the Facts About Its Flawed Auto System, Commissioner Bowler Tells Agents
Nov 17 2004 // It’s time for Massachusetts to face the facts about its old ways of tightly regulating private passenger auto insurance and create a modern day system, Massachusetts Insurance Commissioner Julianne Bowler told agents...
TWCC Penalizes Carriers for Late Benefit Payments
Nov 17 2004 // The Texas Workers’ Compensation Commission (TWCC) issued 62 Notices of Violation (NOVs) to insurance carriers on Nov. 9, 2004, for a total of $155,500 in penalties for late initial payments of Temporary Income...
ISO Enhances Policy-Verification Solution
Nov 17 2004 // ISO has enhanced its Coverage Verifier policy-verification solution with four new services to help insurers manage third-party account relationships more efficiently. Insurers who report coverage data to the ISO system...
Fla. AG Issues Subpoenas to 11 Insurers
Nov 16 2004 // Florida Attorney General Charlie Crist on Tuesday issued subpoenas to 11 insurance companies as part of an ongoing investigation into the business practices of the insurance industry. The subpoenas seek documents and...
Md. Insurer Raises Rates for 6,000 Doctors
Nov 16 2004 // In what state legislators call a looming medical malpractice insurance crisis, the debate has focused on trial lawyers and incompetent doctors. Less attention has been paid to the Medical Mutual Liability Insurance Society...
In Washington Testimony on Broker Pay, Council Maintains Best Price Not Always Best Policy
Nov 16 2004 // The Council of Insurance Agents & Brokers said today it is “misguided” to presume that brokers and insurance carriers must be in an adversarial relationship to best serve their commercial customers. In...
Independent Insurance Agents Defend Themselves at Senate Hearing over Broker Compensation
Nov 16 2004 // The nation’s largest independent insurance agency group will go before a Senate subcommittee in Washington today to attempt to put some distance between large insurance brokers facing allegations of illegal...
Conn. AG Urges Tougher State Action, Offers Own Insurance Reforms in Testimony Before Senate Panel
Nov 16 2004 // Despite charging that too many state insurance regulators have become “industry captives,” Connecticut Attorney General Richard Blumenthal is rejecting calls for federal intervention in the regulation of...
N.Y. AG Suggests Off-Shore Insurers, Rating Organizations, Insurer Investments Next Targets
Nov 16 2004 // New York Attorney General Eliot Spitzer signaled today he believes investigations of the insurance industry have only “scratched the surface” thus far of questionable activities and that additional probes are...
