Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
A.M. Best Affirms Ratings of Allianz Insurance Group and Fireman’s Fund
Jun 22 2004 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Allianz Insurance Group (Allianz), which consists of Allianz Global Risks US Insurance Company and its wholly-owned subsidiary, Allianz...
PCI, AIA Laud Treasury Extension of TRIA Availability; Urge Further Action to Extend Statute
Jun 21 2004 // Both the Property Casualty Insurers Association of America and the American Insurance Association issued bulletins lauding the Treasury Department’s action in extending the availability provisions of the Terrorism...
Strategic Advisory Boards Can Help Handle the Unexpected
Jun 21 2004 // As the producer of an insurance agency or brokerage, your business means everything to you. Years of hard work have finally paid off to ownership of your agency—but are you prepared to deal with the unexpected challenges...
Regional Focus
Jun 21 2004 // Former Speaker of the House Tip O’Neill was attributed with the comment that “all politics are local.” The same could be said for the insurance industry—insurance coverage is definitely local. In...
The Truth About Texas’ Homeowners Insurance Industry
Jun 21 2004 // Due to recent reforms the Texas insurance market is stabilizing and loss ratios in Texas are better. But while things are better, conditions are far from first-rate for insurance companies. There have been no real signs of...
Changes in Billing Imminent for Colorado Policyholders
Jun 21 2004 // The Colorado Division of Insurance (DOI), responding to a recent state Supreme Court ruling, is expected to issue an emergency regulation requiring insurance companies to change the way that they bill for uninsured and...
PLUS Symposium Reveals Hospital Prof. Liab. in Throes of Deceleration
Jun 21 2004 // The hospital professional liability market is in the throes of deceleration. While there is emerging competition, many more experienced carriers are exiting the marketplace and losses are coming in faster and are more...
Fire Insurance Bills Advance In Calif. Legislature
Jun 18 2004 // Prompted by last year’s devastating firestorms, insurance-related bills that would help future disaster victims are gaining momentum as they move through the Legislature, reports the Association of California...
Md. Doctors, Insurers Work on Med-Mal Fund
Jun 17 2004 // Maryland doctors, insurers and lawmakers are working to contain the skyrocketing cost of medical malpractice insurance, which medical professionals say is driving some doctors out of business and leaving residents without...
Fla. Insurers Asked to Waive Guidelines for Military
Jun 17 2004 // Florida’s Chief Financial Officer Tom Gallagher has announced that he is urging state regulators to require insurance companies operating in Florida to give special consideration to service personnel who experience...
ACIC Opposes Credit-Ban Bill
Jun 17 2004 // The Association of California Insurance Companies (ACIC) is opposed to anti-consumer legislation that would hurt homeowners insurance availability and force insurers to charge rates that do not reflect the risk of...
S&P Publishes P/C Insurer Report Card
Jun 17 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...
Crop Insurers Sue USDA Over Subsidy Amount
Jun 16 2004 // A coalition of insurance companies is suing the U.S. Department of Agriculture, claiming the government has shortchanged them millions of dollars in the Federal Crop Insurance Program new Standard Reinsurance Agreement, or...
The Intersection of Privacy Legislation and Insurance Related Litigation
Jun 14 2004 // Privacy legislation has affected almost all consumers of goods and services in the United States. Most notably, the Gramm-Leach-Bliley Act (GLBA) passed by the federal government in November of 1999 sets forth a complex...
Industry Coalition Praises Regulators’ Resolution to Support Terrorism Act Extension
Jun 14 2004 // A broad-based coalition of property/casualty insurance company, insurance producer and reinsurance trade associations commended the National Association of Insurance Commissioners (NAIC) for adopting a resolution...
S&P Reports on P/C Commercial Lines Insurers; Raises Outlook to Stable
Jun 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the U.S. commercial-lines insurance industry to stable from negative “based on the delicate balance now in play between the...
NAMIC Says Existing Solvency Laws Provide More Protection Than SOX-based Proposal
Jun 10 2004 // As regulators prepare to convene in San Francisco this week for their summer meeting, the National Association of Mutual Insurance Companies (NAMIC) has announced its testimony at a June 14 National Association of...
PCI Calls Safety Rule Enforcement Most Important Concern after NAFTA Trucking Decision
Jun 10 2004 // The Property Casualty Insurers Association of America has issued a comment on the recent unanimous decision by the Supreme Court to allow Mexican trucks to use U.S. highways (See IJ Web site June 7). The PCI said the...
PCI Suggests Changes to Proposed Credit Report Rules in Oregon
Jun 10 2004 // On June 3, the Property Casualty Insurers Association of America (PCI) raised concerns about proposed regulations designed to implement a 2003 law that restricts insurers’ use of credit information for reviewing...
ISO Unveils New Service to Streamline Process for Arkansas Workers’ Comp Insurers
Jun 10 2004 // Insurance Services Office Inc. (ISO) has unveiled a new service that eliminates the need for workers’ compensation insurers to manually prepare and submit Proof of Coverage (POC) reports to the Arkansas...
