Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mich. Insurer Group Taps Former Auto Industry Lobbyist as New Executive Director
Sep 28 2004 // The Lansing, Mich.-based Insurance Institute of Michigan has named a former lobbyist for the auto industry as its new executive director. Peter Kuhnmuench will start Oct. 11, 2004 and previously served as legislative...
Insurers Using Satellite Photos to Determine Fire Risk
Sep 27 2004 // Sheree DiCicco was shocked to learn that her insurance company used satellite images to determine her home was located too close to brush and would not be reinsured because of the potential for wildfire damage. “I...
AIA Insurers Call State Regulation a ‘Trifecta’ of Failure, State Their Case for Federal Role
Sep 23 2004 // A representative of the American Insurance Association (AIA) testified before the Senate Banking Committee, alleging that “the outdated, dysfunctional nature” of state insurance regulation does not allow the...
Insurers to Pay an Estimated $4.4 Billion for Claims From Hurricane Frances
Sep 23 2004 // Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s (www.iso.com) Property Claim...
N.H. Insurers Seek 2.5% Comp Rate Hike
Sep 22 2004 // Workers’ compensation writers in New Hampshire want an average 2.5 percent hike for voluntary market advisory loss costs and a 12.7 percent average increase for residual market premiums, according to the most recent...
Best Reports P/C Insurers “Post Solid Results;” $9 Billion Profit for 1st Half of 2004
Sep 21 2004 // According to a new special report from A.M. Best Co., the U.S. P/C industry recorded an underwriting profit of nearly $9 billion during the first six months of 2004, a substantial gain from the comparable period of...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Sep 20 2004 // 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...
Mass. Insurers’ Rate and Agents’ Commission Bids Add Up to 9.3%
Sep 20 2004 // A request by Massachusetts agents for a 32 percent boost in commissions brings the overall private passenger auto insurance rate hike sought by the industry for 2005 to 9.3 percent, up from the original 5.8 percent figure,...
Conn. to Take Second Look at Insurer’s 90% Med-Mal Increase
Sep 20 2004 // Connecticut Insurance Commissioner Susan Cogswell has agreed to hire an independent actuary to review a controversial 89.6 percent medical malpractice rate filing that it previously approved in April. The rate hike for GE...
Fiduciary Liability: The Most Misunderstood of Management Exposures
Sep 20 2004 // In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to...
Governor Signs Three Post-Fire Homeowners Bills
Sep 20 2004 // Governor Arnold Schwarz-enegger signed three homeowners bills into law that responded to problems arising out of last year’s Southern California wildfires. Two of the bills, AB 2199 and SB 64, were considered part of...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Sep 20 2004 // 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...
Insurance Industry Hopes to Extend TRIA in Time for 2005 Policies
Sep 20 2004 // But Not Everyone Thinks Renewing the Federal Backstop is a Good Idea 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...
INSURER GROUPS FILE AMICUS BRIEF IN STUDEBAKER CASE:
Sep 20 2004 // The Property Casualty Insurers Association of America (PCI) and the Insurance Institute of Indiana recently filed an amicus brief in The City of South Bend, Ind. vs. Century Indemnity Company, et. al., to be heard by the...
P/C INSURERS REPORT FIRST UNDERWRITING PROFIT SINCE 1997:
Sep 20 2004 // Dramatic improvements in underwriting performance by the nation’s property/casualty insurers led to the first underwriting gain in nearly seven years, according to the Jupiter, Fla.-based financial analysis firm...
Mass. Approves Commercial Auto Market Reforms
Sep 20 2004 // Massachusetts Insurance Commissioner Julianne Bowler has approved plans to implement a limited servicing carrier program for the state’s commercial auto residual market as proposed by Commonwealth Auto Reinsurers...
One-on-One with NAPSLO’s Outgoing President
Sep 20 2004 // When the outgoing president of the National Association of Surplus Lines Offices (NAPSLO), Jim Griffith, founded Princeton Risk Managers in 1974, organizers of the surplus lines association were convening in Florida to...
Building Relationships Key to Success Says NAPSLO’s Incoming President
Sep 20 2004 // Polizzi Prepares to Take the Reins at Orlando Convention Thirty years ago a small group of surplus lines professionals met in Miami Beach, Fla., to form what would be known today as the National Association of Surplus...
Surplus Line Carriers
Sep 20 2004 // First Responders Once upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said...
Lexington CEO Talks Shop:
Sep 20 2004 // Kelley Touts Innovation as Core Competitive Advantage Lexington Insurance Co., the excess and surplus line subisidiary of the American International Group, has been the leader in the domestic E&S market for decades...
