Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Hope to Put Off TRIA’s Sunset
Sep 20 2004 // Regardless of whether President 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...
Going Paperless – Is it for the Independent Agency’
Sep 20 2004 // All Agencies Can Benefit from a Paperless Environment Many independent insurance agents and brokers are used to the concept of “paperless processing” since most of the insurance companies they represent utilize...
WCIRB Summary of March 31, 2004 Insurer Experience
Sep 20 2004 // The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) completed its initial review of March 31, 2004 experience submitted by insurers. This summary is based on data reported to the WCIRB by insurers...
Rival Insurer Gave Far More than it Said to Group Battling SAIF
Sep 20 2004 // Insurance company Liberty Northwest gave far more money than it had initially said to a nonprofit group battling its rival, the SAIF Corporation. According to tax returns, Liberty Northwest poured more than $700,000 into...
Fitch Estimates Ivan May Become Second Costliest Hurricane For U.S. P/C Insurers
Sep 17 2004 // Chicago-based Fitch Ratings has issued some preliminary comments on the extent of the losses from Hurricane Ivan’s destructive rampage through Alabama, Florida and other Gulf Coast States. Fitch noted that...
Oregon Archdiocese Files Complaint Against Insurers
Sep 17 2004 // The Archdiocese of Portland is petitioning for a jury trial to force its insurance companies to reimburse part of the $53 million it has paid out in clergy sex-abuse settlements. The complaint was filed this week in U.S....
Insurers Report ‘Encouraging’ Progress in Crackdown on Auto Claim Fraud in N.Y.
Sep 16 2004 // The fight against insurance fraud in New York is producing encouraging results as the cost of the average auto injury claim under the state’s no-fault insurance system declined by 20 percent between 2002 and 2003,...
Best Reviewing Cayman Islands Insurers’ Ratings
Sep 16 2004 // A.M. Best Co. announced that it has placed the financial strength ratings of “A-” (Excellent) of Island Heritage Insurance Company Ltd., British Caymanian Insurance Company Ltd., and Cayman General Insurance...
Study Finds EU Insurers Believe They Are Well Prepared for Next Market Cycle
Sep 16 2004 // A study, released at the Reinsurance Rendezvous in Monte Carlo, has concluded that “the vast majority of European insurers (85 percent) feel well prepared for the next market cycle.” The survey, commissioned by...
PCI: Ivan Will Test Louisiana’s New High-Risk Pool, But Insurers Should Be Able to Meet Claims
Sep 16 2004 // While Louisiana’s new insurance high-risk pool reportedly hasn’t had enough time to build up a financial cushion to absorb the potential effects of Hurricane Ivan, other reforms in place should enable insurers...
PCI Brief Argues Mich. No-Fault Insurers Have Right to Review Medical Bills
Sep 14 2004 // A Michigan court of appeals was correct in its determination that no-fault insurers have the right to review medical bills, and to pay lesser amounts if they deem any procedures to be unreasonable or unnecessary, the...
Ind. ‘Diminished Value’ Class-Action Case Could Set Dangerous Precedent, Insurers Argue
Sep 14 2004 // Indiana Supreme Court justices should carefully consider the impact that a class-action case regarding compensation for the diminished value of a vehicle could have on numerous insurance policies and premiums—and...
Survey Finds European Insurers Increasingly Concerned By Growing Tort Claims
Sep 14 2004 // According to the findings of a survey commissioned by The Insurance Leadership Institute of GE Insurance Solutions, independently conducted by Tillinghast, European insurers are becoming increasingly concerned by the...
Best Reports on Bermuda Insurers
Sep 14 2004 // A.M. Best Co. has issued a report on Bermuda’s insurance and reinsurance industry, timed to coincide with the Reinsurance Rendezvous, currently being held in Monte Carlo. Best reported that in the “first six...
Asbestos – Any Options Left for Insurers’
Sep 14 2004 // While the United States Senate has expressed its willingness and commitment to solving the asbestos litigation problem facing the county, insurers remain under a siege of asbestos related claims. While hope remains that a...
S&P Concerned by Hurricane Ivan; “Challenges Insurers’ Predictive Models”
Sep 13 2004 // Standard & Poor’s Ratings Services has issued a bulletin indicating that it “views the approach of Hurricane Ivan, which is projected to be moving toward Florida, with concern.” Reinstatement...
Louisiana Governor Kathleen Blanco
Sep 13 2004 // Laying a Foundation for Long Term Success Being first is not a new thing to Kathleen Babineaux Blanco, who was sworn in on January 12, 2004 as the first female Governor of Louisiana. Twenty years earlier, at the beginning...
N.Y. Psychiatrist to Get Plenty of Couch Time; Receives 23-Count Indictment in Insurer Fraud Scam
Sep 10 2004 // New York Attorney General Eliot Spitzer announced that a Nanuet psychiatrist has been charged with defrauding government insurers of more than $1 million by billing for services never rendered. Dr. Justin Psaila, who...
Insurers Urge U.S. Supreme Court to Change Utah Ruling in Landmark Punitive Damages Case
Sep 9 2004 // The National Association of Mutual Insurance Companies (NAMIC) and the Property Casualty Insurers Association of America (PCI) have filed an amicus brief urging the U.S. Supreme Court to consider a remand of a second Utah...
Mich. No-Fault Insurers Have Right, Obligation to Review Medical Bills
Sep 9 2004 // A Michigan court of appeals was reportedly correct in its determination that no-fault insurers have the right to review medical bills, and to pay lesser amounts if they deem any procedures to be unreasonable or...
