Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers to Pay $6B on Claims for Hurricane Ivan
Oct 15 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6 billion for insured property losses from Hurricane Ivan, according to ISO’s Property Claim Services (PCS) unit. Hurricane...
Wind Insurance Hikes Slap Coastal Residents
Oct 15 2004 // Coastal homeowners are getting socked again, and it has nothing to do with Charley, Frances, Ivan or Jeanne. Homeowners who buy hurricane insurance on their homes through Citizens Property Insurance Corp., the...
Tyco Execs Sue Insurer Over Legal Fees
Oct 15 2004 // The two former top executives of Tyco International who face a retrial in January on charges of looting the conglomerate of $600 million have sued to force an insurance company to pay their legal bills. Former Tyco chief...
Life Insurers Get Taste of Spitzer Probe
Oct 15 2004 // For those in the life insurance industry who thought they could sit on the sidelines and watch New York Attorney General Eliot Spitzer go after some big property/casualty heavyweights, think again. According to reports on...
N.H. Weighs Cut in Insurers’ Premium Tax
Oct 14 2004 // New Hampsihre may be the first Eastern state to lower its tax on insurance companies as states continue to compete to attract more business. The issue is currently the subject of an economic impact study by Ernst &...
Colo. Agent Beginning Second Season as Ski Pass Insurer
Oct 14 2004 // Local businessman Ron Iverson is beginning his second season of offering insurance against the price of a season ski pass in case of injury or illness. “There’s nothing else like it,” said Iverson, an...
New York AG Sues Marsh Over Contingent Commissions, Cites Insurers Over Alleged Bid-Rigging
Oct 14 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...
Ontario Auto Insurers Make the Grade in Claim Satisfaction According to FSCO Survey
Oct 13 2004 // Auto insurers in Ontario, Canada have once again been given a top grade by customers making a claim. The annual Auto Claims Satisfaction Survey, issued by the Financial Services Commission of Ontario (FSCO), shows that 84...
TRIA Extension Uncertain, Insurers Advised to Prepare
Oct 13 2004 // Insurers doing business in urban areas need to examine their business plans to make sure they understand how both the federal Terrorism Risk Insurance Act (TRIA) and unfair discrimination law could affect their business,...
Evans, Ewan & Brady Honored as a Central Insurance Companies Blue Streak Agency
Oct 12 2004 // Combined Agents of America LLC (CAA) reported that one of its member agencies, Evans, Ewan & Brady Insurance Agency Inc. of Georgetown, Texas, has been appointed a Blue Streak representative for the Central Insurance...
According to Study, Insurers Continue to Price-Gouge Doctors Despite Falling Med-Mal Payouts
Oct 12 2004 // With the issue of medical malpractice and “tort reform” becoming an increasingly discussed topic this election year, Americans for Insurance Reform (AIR) announced the release of a new study of medical...
The Case for Appraisal in Settling Claim Disputes
Oct 11 2004 // As someone who makes his living representing people who sue each other, it may sound odd for me to say, but it’s true—a lawsuit is not the answer to every dispute. A case in point is a typical dispute over the...
OREGON ARCHDIOCESE FILES COMPLAINT AGAINST INSURERS:
Oct 11 2004 // The Archdiocese of Portland filed a complaint in U.S. Bankruptcy Court in an attempt to force insurance companies to reimburse it for the $53 million it paid in settlements concerning clergy sex abuse, according to the...
Nonadmitted Markets Open Options for Homeowners
Oct 11 2004 // Myths about the E&S market should not prevent homeowners from securing high-quality coverage. High-quality nonadmitted markets can provide consistent, reliable coverage for high-value and high-risk properties. Even...
Big ‘I’ Weighs Minority Producer Database
Oct 11 2004 // The Independent Insurance Agents and Brokers of America is considering a proposal to compile a nationwide database of minority–owned agencies for carriers looking to expand their presence in urban markets to utilize,...
Nonadmitted Markets Open Options for Homeowners
Oct 11 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 a number of...
TEXAS AG, INSURERS SETTLE:
Oct 11 2004 // Texas Attorney General Greg Abbott announced court-approved settlements with two major auto insurers that he says will result in refund more than $3.4 million to Texas policyholders who paid more out of pocket on claims...
Going Paperless — Is it for the Independent Agency’
Oct 11 2004 // Many independent insurance agents and brokers are used to the concept of “paperless processing” since most of the insurance companies they represent utilize imaging and content management technology. For these...
Nonadmitted Markets Open Options for Homeowners
Oct 11 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 a number of insurers to...
Dusk Delayed as House Takes First Step Toward Extending TRIA’s Sunset
Oct 11 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...
