Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
A Decade of Improving Club Safety and Coverage
Aug 9 2004 // If you have ever insured or considered insuring golf and country clubs, you know that their risks can’t be classified or managed easily. They have kitchens and restaurants, clubhouses used for daily activities and...
Unlucky 13th Hole
Aug 9 2004 // Redesign after Windstorm Fells Famed Tree Ruled Out of Bounds If a tree falls on a golf course, will an insurance company hear the claim? Not if the claim is that the demise of the tree changes the character of the entire...
Best Announces Ratings on 55 Canadian P/C Insurers
Aug 9 2004 // A.M. Best Co. has “affirmed the financial strength ratings of 38 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned initial ratings to four Canadian property/casualty...
Ark. Urges Insurers Not to Deny Auto Coverage to Returning U.S. Armed Forces
Aug 6 2004 // The Arkansas Insurance Department reported it has received information indicating some automobile insurance companies are denying reinstatement, refusing to write, or raising premium rates for members of the U.S. Armed...
The Expanding Ability of an Insurer to Recoup Costs Expended for Uncovered Claims
Aug 4 2004 // Insurers are routinely presented with complaints filed against their insureds where some of the complaint’s allegations do not fall within the coverage provided by an insured’s insurance policy. Nevertheless,...
Mass. Gov. Romney Signs Bill Changing Effective Date of Auto Rates to April 1
Aug 3 2004 // Massachusetts Gov. Mitt Romney has signed into law a bill changing from January 1 to April 1 the date that annual private passenger auto insurance rates take effect. The measure had been backed by the Massachusetts...
Tower Group: North American Insurers See Growth in Emerging Markets for Asia, Europe and Latin America
Aug 3 2004 // North American insurers currently are pursuing global expansion at a pace rivaling that of European insurers’ entry into U.S. markets in the early 1990s. According to TowerGroup, more favorable economics, key...
Md. Appeals Court Backs Insurer in PIP Waiver Case
Aug 3 2004 // A Maryland appeals court has upheld a 2003 circuit court decision by maintaining that personal injury protection (PIP) waivers remain effective until withdrawn in writing. The Property Casualty Insurers Association of...
Proposed Mass. Auto Plan a ‘Trojan Horse’ Designed to Fail, Charges Consumer Advocate
Aug 2 2004 // The current proposal to change the Massachusetts auto insurance residual market to an assigned risk plan is “a Trojan Horse proposal designed to fail in order to produce an endless stream of anti-consumer measures in...
Del. Sessions Ends in Status-Quo for Insurers
Aug 2 2004 // Delaware Gov. Ruth Ann Minner has signed a number of bills of interest to the property/casualty industry since the 2003-2004 legislative session ended July 1, most recently the personal injury protection legislation and a...
Underwriting Improvement Continued for UK Nonlife Insurers in 2003
Jul 30 2004 // Initial review of the aggregate statistics of the U.K. nonlife primary market suggests that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000, according to a report...
N.C. Commissioner Signs Race-Based Premium Settlements with Trio of Companies
Jul 29 2004 // North Carolina Insurance Commissioner Jim Long has signed three settlement agreements with companies that reportedly participated in discriminatory rating practices in North Carolina. The settlements with the companies,...
Texas Legislator Raises Questions About CHIP Insurer
Jul 28 2004 // A Texas lawmaker says an insurance company recently awarded a state contract to manage health care services for about 95,000 low-income children may not be financially strong enough for the task, the Associated Press and...
Pa. Court Approves Public Release of Information on Nonprofit Insurers’ Cash Reserves
Jul 28 2004 // A state judge has ruled that state regulators can make public much of the materials that Blue Cross of Northeastern Pennsylvania was ordered to submit to justify its large cash reserves. The ruling also lifts a temporary...
Mandatory Auto Insurance Does Not Reduce Number of Uninsured Drivers, Says Insurer Trade Group
Jul 25 2004 // Although unlicensed and uninsured drivers comprise a significant traffic safety concern across the country, the solution to the problem is not compulsory automobile liability insurance, according to the Property Casualty...
Industry, Consumer Interests Square-Off Over Mass. Auto High Risk Plan Changes
Jul 23 2004 // A parade of industry representatives urged Massachusetts Insurance Commissioner Julianne Bowler to approve rules to transform the state’s auto insurance high risk plan into an assigned risk model, but consumer groups...
Sen. Schumer Targets N.Y. Car Insurance Fraud
Jul 23 2004 // Fraud and auto insurance scams are costing New York drivers millions in inflated insurance premiums, U.S. Senator Charles E. Schumer (D-N.Y.) warned. New York drivers pay the second highest car insurance rates in the...
The Guaranty Fund System: A Vital Safety Net
Jul 22 2004 // Suzanne Sahakian Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and...
Ark. DOI Issues Fairness Directive to P/C Insurers
Jul 22 2004 // Acknowledging that Arkansas law imposes minimal restrictions on underwriting, the Arkansas Insurance Department nevertheless announced that it expects property and casualty insurers to give proper attention to the explicit...
Oregon and Idaho Seminars Focus on CLUE Reports
Jul 22 2004 // The use of loss history reports in underwriting homeowners insurance policies was the subject of seminars held recently in Oregon and Idaho. Sam Sorich, Western Region vice president for the Property Casualty Insurers...
