Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
WTC’s Silverstein Vows to Rebuild on Site Despite Losing to Insurers
May 17 2004 // Saying a court defeat was “not a defeat for rebuilding,” World Trade Center leaseholder Larry Silverstein has vowed to complete a rebuilding plan even after a jury ruled he could not double most of his $3.5...
Elderly Drivers Pose Growing Challenge for States and Auto Insurers
May 17 2004 // As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older...
Insurers Prepare for a Post-TRIA World; ‘Baby Steps’ Toward Federal Regulation
May 17 2004 // Property/casualty insurers are coming to grips with the fact that a government-sponsored terrorism insurance backstop could expire at the end of next year, which would send pricing shockwaves through the market. Carriers...
AIA Reports 2004 Kansas Legislative Session a Success
May 17 2004 // The Kansas legislature passed several bills sought by the Kansas Insurance Department and defeated or amended virtually all bills viewed as onerous by insurers before adjourning on May 8, the American Insurance Association...
Business Made Easy Integrated Technology Solutions Key to Success
May 17 2004 // Just what are independent agents looking for when it comes to technology? That was the question posed to a number of industry experts who all seemed in agreement—in order to compete in today’s workplace...
When Comparing Apples-To-Apples Whom Should You Trust’
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
N.J. Insurer Proves Putting Customers First Has Its Own Rewards
May 17 2004 // New Jersey Manufacturers Insurance Group doesn’t advertise, does little self-promotion and tells its employees to put good service above growing the company. There are no fancy corner offices, no posh boxes at sports...
RIMS Report: Commercial Insurance Buyers Look Forward to Lower Prices
May 17 2004 // As thousands of risk management professionals, carrier executives, vendors and industry watchers gathered at the Risk and Insurance Management Society’s annual conference in San Diego, last month, there was only one...
Bank on It
May 17 2004 // As the idea of enhanced federal involvement in regulation of insurance gains momentum, it’s easy to get caught up in the excitement coming out of Washington and envision what the insurance press might be reporting in...
AMS Says Real-Time Comparative Rater is Only Months Away
May 17 2004 // Leading agency automation provider AMS says it is just months away from completing a real-time comparative rater that will satisfy independent agents’ need for a single-entry, multiple carrier interface, also known...
AMS Says Real-Time Comparative Rater is Only Months Away
May 17 2004 // Could SETWrite Be the Single Entry Ideal Agents Have Sought for Decades? Leading agency automation provider AMS says it is just months away from completing a real-time comparative rater that will satisfy independent...
Mass. Gov. Romney Kicks Auto Insurance Reform into High Gear
May 17 2004 // The industry officials who run the private passenger auto high risk system in Massachusetts have started drawing up rules in response to urgings by the administration of Gov. Mitt Romney to make their operations and the...
Taking the Risk: Protecting Your Clients with Political Risk Insurance
May 17 2004 // Over the past three decades, 80 percent of the terrorist attacks against the United States have been directed against American businesses in foreign locations. In 2001, about 400 American businesses were attacked. Compared...
OCTOBER WILDFIRE SURVIVORS FILE CLASS ACTION SUIT AGAINST INSURANCE COMPANIES:
May 17 2004 // A class-action lawsuit was filed on May 5 against four major insurance companies who write homeowner’s insurance in California. The lawsuit filed against State Farm, Allstate, Farmers and Safeco alleges that the...
Best Affirms Northbridge Affiliates ‘A-‘ Ratings
May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A-” (Excellent) of the member companies of the Toronto-based Northbridge Financial Corporation. Best also revised the outlook for...
Best Announces Ratings Actions on Aon Subsidiaries
May 12 2004 // A.M. Best Co. has taken a number of rating actions concerning several subsidiaries of Aon Corp. It affirmed the financial strength ratings of “A” (Excellent) of Aon’s life/health operations–Combined...
Insurers Face Class Action Over Isabel Claims
May 12 2004 // Today a class action lawsuit against various insurance companies was filed in United States District Court, Baltimore, Maryland alleging that the insurance companies failed to deliver the promised benefits to thousands of...
Modernization Again an Issue in Louisiana Legislature
May 12 2004 // Revamping the way insurance is regulated in Louisiana is back on the legislative radar screen this session, according to the Property Casualty Insurers Association of America (PCI), with one bill that would enhance...
Fla. Measure to Increase Availability of Homeowners Insurance Becomes Law
May 12 2004 // A measure designed to increase the availability of homeowners insurance and improve Florida’s ability to recover financially from catastrophic hurricanes through improvements to Florida’s Hurricane Catastrophe...
Hearings Close on Halliburton Sub’s Bankruptcy Plan; Settlements With Insurers Expected
May 12 2004 // Houston-based Halliburton reported the completion of hearings regarding subsidiary DII Industries’ proposed plan of reorganization. The company said recently it expects that necessary bankruptcy court and district...
