Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims
Jul 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...
R.I. Gov. Carcieri Vetoes Car Rental Policy Change
Jul 7 2004 // Rhode Island Gov. Donald Carcieri has vetoed a measure that would have restricted the state’s auto insurers’ ability to encourage the use of lower cost preferred providers for rental cars. The General Assembly...
S&P Report Analyzes European Insurers’ Profit Growth
Jul 7 2004 // According to a recent report issued by Standard & Poor’s Rating Services, “Europe’s insurers will continue to face challenges in delivering genuine ‘profitable growth’ over the next few...
La. Legislature Completes 2004 Regular Session With More Reforms
Jul 6 2004 // The Louisiana Legislature wrapped up its regular session for 2004 on June 21. During the 2004 session, Louisiana lawmakers continued their reform of the insurance regulatory environment, aiming to bring additional insurers...
AIA Applauds Pa. Key Guaranty Fund Reform
Jul 6 2004 // A new law signed last week by Pennsylvania Governor Ed Rendell marks the successful conclusion of a multi-year effort to fix problems arising from the Reliance Insurance Company insolvency, according to the American...
Consumer Groups Knock Mich. Insurers’ ‘Dishonesty’ on Credit Scoring
Jul 5 2004 // Two consumer advocacy groups released a statement criticizing Michigan auto and homeowners insurers for “false statements” about insurance credit scoring and Gov. Jennifer Granholm’s proposed regulation...
At NAMIC, The Door’s Wide Open to Companies of All Sizes
Jul 5 2004 // Chairman Tim Hegarty Explains How His Trade Group Serves Big and Small Alike What happens when you put giants like State Farm, AIG, Nationwide and Liberty Mutual in a room with tiny farm mutuals like Husbandsmans Mutual,...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
R.I.’s Beacon Mutual to Expand into Other States for Workers’ Comp
Jul 5 2004 // Beacon Mutual Insurance Co., Rhode Island’s largest workers’ compensation insurance writer that was formed in 1990 as a state fund, is taking steps to write coverage outside of the state. The Warwick company...
The New Insurers: This Time, They’ll Do It The Right Way
Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their Predecessors In the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...
S&P Publishes P/C Insurer Report Card
Jul 5 2004 // Industry-wide price strengthening was a driving factor in the financial results of U.S. property/casualty insurance companies in 2003, according to an industry report card published by Standard & Poor’s Ratings...
Homeowners in Hurricane Paths Hit with High Insurance Costs
Jul 5 2004 // Retired police officers Ed and Nancy McCue are thinking about leaving their dream home near the shores of Biscayne Bay because it’s in a prime area for hurricanes. It’s not the storm threat itself that’s...
Is Market Conduct Reform Finally on the Horizon’
Jul 5 2004 // As baseball immortal Yogi Berra is often fond of saying, “It ain’t over until it’s over.” This particular “Yogi-ism” somehow seems apropos when one considers recent discussions among the...
Louisiana Legislature Ends Regular Session With More Reforms
Jul 5 2004 // The Louisiana Legislature wrapped up its regular session for 2004 on June 21. During the 2004 session, Louisiana lawmakers continued their reform of the insurance regulatory environment, aiming to bring additional insurers...
P/C INSURERS NEED EFFICIENCY:
Jul 5 2004 // Conning Research & Consulting Inc. released a study concluding that P/C insurers’ cost of doing business “has stagnated over the past 20 years, contrasting the remarkable efficiency gains achieved by many...
When Fee Audits and Legal Privileges Collide
Jul 5 2004 // Few areas of insurance law practice are as sensitive as the audit of a defense counsel’s bills or case file. Insurance companies and defense attorneys alike dread these necessary but often divisive processes. Two...
Oklahoma’s 2004 Legislative Session Marked by Successes and Frustration
Jul 5 2004 // The 2004 session of the Oklahoma legislature was unusual. It was marked by disappointment of missing an opportunity to address much needed reforms in tort and workers’ compensation issues and triumph regarding...
Calif. Lawmakers Continue to Debate Merits of Workers’ Comp Rate Regulation
Jul 5 2004 // Despite reductions in workers’ comp insurance premiums, California lawmakers will continue to debate the merits of rate regulation. A rate regulation bill, ABX4 No. 16, after passage in the Assembly on a party-line...
Internet Offers Major Training Inroads
Jul 5 2004 // It’s often said that “learning is not a spectator sport.” For the insurance profession, this concept is right on target. The days of classroom-style training seminars, many of which may border on being...
Agents: Insurance Company Markets Aren’t Always Going to Come to You!
Jul 5 2004 // One of the most important things agents can do for themselves and their agency is to maintain positive, healthy working relationships with the carriers they place business with. Unfortunately, despite their best...
