Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
ISO: INSURERS WILL PAY ESTIMATED $3.245 BILLION ON HURRICANE JEANNE CLAIMS:
Nov 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.245 billion for insured property losses from Hurricane Jeanne, according to preliminary estimates by ISO’s Property Claim...
Underinsured Homeowner Problem Revisited on Anniversary of Calif. Wildfires
Nov 8 2004 // Replacement cost, policy limits, and non-renewal of policies were the source of a heated debate in a day-long hearing investigating underinsured homeowners affected by last year’s wildfires. California Insurance...
Calif. Commissioner Proposes New Broker Regulations, AG Steps In
Nov 8 2004 // In response to New York Attorney General Eliot Spitzer’s charges against super brokerage Marsh McLennan, California Insurance Commissioner John Garamendi proposed new regulations for agents and brokers Oct. 20 which...
Oklahoma Okays Rate Increase for Med-Mal Insurer
Nov 5 2004 // The Oklahoma Insurance Department reported that a requested rate increase for medical professional liability insurance carrier NCMIC Insurance Company has been approved. NCMIC applied for a rate increase in August 2004,...
Insurer Reports $1,800 Loss from Enraged Sheep Attack
Nov 3 2004 // A report from Scotland relates the tale of a usually mild-mannered sheep, who, upon viewing his reflection in a car door, became enraged and attacked the vehicle, causing £1000 ($1,820) in damages. The details of the...
Republican Candidates Win ‘Big Time’ in Insurance Industry Political Giving in Federal Races
Nov 2 2004 // The late U.S. House Speaker Thomas P. “Tip” O’Neill (D-Mass.) is famous for insisting, “All politics is local.” Apparently, O’Neill wasn’t counting the money. When it comes to...
Poll: Republicans Blame Malpractice Lawsuits for Rising Health Costs; Democrats Blame Insurers
Nov 2 2004 // Republicans were three times as likely as Democrats to blame rising health costs on malpractice lawsuits, according to a poll conducted for The (Baltimore) Sun, and Democrats were twice as likely as Republicans to blame...
Conning: Group Insurance Lines Outpace Individual
Oct 28 2004 // Since 1999, group insurance product lines produced greater returns on surplus than the comparable individual lines with very few exceptions, according to a new study by Conning Research and Consulting, Inc. out of...
Ariz. Insurance Director Reviews Alleged Broker and Insurer Bid-Rigging Practices
Oct 28 2004 // The Director of the Arizona Department of Insurance, Christina Urias, is joining insurance regulators in other states to review allegations of bid-rigging and price-fixing between insurance brokers and insurance companies....
ACIC: Calif. Ins. Department Overstates Complaints
Oct 27 2004 // Association of California Insurance Companies (ACIC) President Sam Sorich issued the following statement this week regarding the California Department of Insurance report on the Southern California wildfires of...
ISO: Insurers Will Pay Estimated $3.245 Billion on Hurricane Jeanne Claims
Oct 26 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.245 billion for insured property losses from Hurricane Jeanne, according to preliminary estimates by ISO’s Property Claim...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Professional Liability in the Medical Arena
Oct 25 2004 // Whether a patient, a health care provider or an insurer, everyone seems to be aware of what is going on in the medical world these days. There is general agreement that health care costs are rising, more people are going...
How Green Is N.Y.’s Hudson Valley’ ‘Very Green,’ Say Insurers
Oct 25 2004 // From West Point to Woodstock and Roosevelt to Rockefeller, New York’s Hudson River Valley is rich in history, events, and natural beauty. This 150-mile territory from Nyack to Albany is also an increasingly vibrant...
Viewers Have Insurers to Thank for Airing of Reality TV
Oct 25 2004 // Some Predicted Reality TV Would be Tough to Cover 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...
Shelby Upsets Insurers’ Plan to Delay TRIA’s Sunset
Oct 25 2004 // Regardless of whether George W. Bush is re-elected or John Kerry moves into the White House, the property/casualty insurance industry appears to have a good chance of getting its wishes when it comes to extending the...
Dispute Mediation Program Begun for Hurricane Victims
Oct 25 2004 // Disgruntled Florida storm victims dissatisfied with their insurers can expedite settlements and keep the disputes out of court with mediation—at the insurance company’s expense. About two million Floridians are...
Nonadmitted Markets Open Options for Homeowners
Oct 25 2004 // Even before Charley and Frances, insurers were fleeing the homeowners market for high-risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused insurers to dramatically...
Big ‘I’ Weighs Minority Producer Database
Oct 25 2004 // The Independent Insurance Agents and Brokers of America (IIABA) is considering a proposal to compile a nationwide database of minority-owned agencies for carriers looking to expand their presence in urban markets to...
Better State Policy Will Make Better Insurance Policies
Oct 25 2004 // The Texas home and auto insurance market is finally on the mend. Rates have begun to stabilize, and thanks to landmark reforms passed in 2003, companies are even eyeing our state as a place to do business. Competition and...
