Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
NAMIC Targets Corporate Governance, Market Conduct, Securities Ratings, and Credit Scoring at NAIC Meeting
Sep 8 2004 // The National Association of Mutual Insurance Companies (NAMIC) will advocate its positions on corporate governance, market conduct, securities ratings, and credit scoring during the National Association of Insurance...
N.J. Dept. Posts Insurance Company Reviews
Sep 7 2004 // Residents wanting to learn more about an insurance company they do business with can now access market conduct information online. Sixteen insurance company examinations are on the New Jersey Department’s Web site...
Three Years Later: Industry Rebuilds from 9/11, But Doesn’t Forget
Sep 6 2004 // Robert Hartwig, senior vice president and chief economist for the Insurance Information Institute (I.I.I.), knows that while Tuesday, Sept. 11, 2001, will never be forgotten both inside and outside the insurance industry,...
Maryland Pursues Med-Mal Insurers and Special Legislative Session
Sep 6 2004 // Maryland Insurance Commissioner Alfred W. Redmer, Jr. has moved to end what his agency says is a comprehensive scheme of medical malpractice fraud aimed, particularly, at women’s clinics. Meanwhile, the state’s...
Charley Causes a Path of Destruction in Florida, Carolinas
Sep 6 2004 // Lessons from Andrew Taught Industry to “Be Prepared” Lessons learned from the most costly natural disaster in U.S. history more than prepared the insurance industry for the destruction left by Hurricane...
New Laws Clarify Guaranty Fund Obligations
Sep 6 2004 // Policyholders in insurer-funded programs were concerned that they might have to pay twice—some had originally posted large amounts of collateral and were now being requested to pay again. On June 28, 2004, Pennsylvania...
Insurers Say Charley Not as Devastating as Andrew
Sep 6 2004 // National • Aug. 17, 2004 “The magnitude of devastation depends on your location. For those located here who are without homes, power, jobs, and in some cases, loved ones, cannot be equated to anything less than...
NCOIL Accepts NAIC Changes to Market Conduct Model
Sep 6 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) at its summer meeting in Chicago accepted most...
Insurers Say Charley Not as Devastating as Andrew
Sep 6 2004 // National • Aug. 17, 2004 “The magnitude of devastation depends on your location. For those located here who are without homes, power, jobs, and in some cases, loved ones, cannot be equated to anything less than...
Ease of Doing Business Plays a Critical Role When Choosing Carriers
Sep 6 2004 // How does the carrier-agency relationship affect the buying decision? More pointedly, how does the ease—or difficulty—of doing business with a carrier affect the agent’s decision of whether to place more or less...
California Still Vulnerable in Workers’ Compensation Market
Sep 6 2004 // Just when it seemed California might overcome its perennial workers’ compensation crisis, renewed downward pricing pressure threatens to send the market into another tailspin, according to analysts at Standard &...
Insurers Say Charley Not as Devastating as Andrew
Sep 6 2004 // National • Aug. 17, 2004 “The magnitude of devastation depends on your location. For those located here who are without homes, power, jobs, and in some cases, loved ones, cannot be equated to anything less than...
Survey Finds Personal Finance Concerns Outweigh Fears of Terrorism; Mistrust of Insurers
Sep 2 2004 // Euro RSCG Worldwide, a leading integrated marketing communications agency, has released the results of an online survey of more than 13,000 respondents in six countries, which found that more people consistently fret about...
Insurers Urge U.S. Supreme Court to Reverse Utah Ruling in Landmark Punitive Damages Case
Sep 2 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...
Insurance Carrier Won’t Renew Lake Havasu
Sep 2 2004 // The city has been told by its insurance company that its policy will not be renewed, apparently because the carrier fears too much liability related to carbon monoxide at the lake. The city received a non-renewal notice...
Mass. Attorney General, Trial Bar, State Bureau Criticize 9.3% Auto Insurance Rate Request
Sep 1 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,...
Stonebridge Life Insurance Company Qualifies as Newest Member of Ethics Standards Association
Sep 1 2004 // Stonebridge Life Insurance Company, domiciled in Rutland, VT, with administrative offices in Plano, TX, has qualified to become a member of the Insurance Marketplace Standards Association (IMSA), the national organization...
Insurer Groups File Amicus Brief in Studebaker Case
Aug 31 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...
