Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Electric Insurance Company announces the launch of real-time auto quoting through IVANS Transformation StationTM
May 12 2004 // Electric Insurance appointed agents in Indiana, Illinois and Wisconsin who use Applied TAM now have the ability to conduct real-time auto quoting without leaving their agency management system. Real-time quoting eliminates...
S&P Reports on U.S. P/C Industry Financial Condition
May 11 2004 // Standard & Poor’s Credit Market Services has issued a report on the U.S. P/C industry, which notes that the rating agency is maintaining its negative rating outlook on this sector of the commercial insurance...
Halliburton Close to a Deal on Asbestos Liabilities
May 11 2004 // Houston-based Halliburton appears to be closer than ever to settling outstanding asbestos liabilities. There are more than 400,000 claims, exceeding $4 billion. The company announced that the bankruptcy court in...
Farmers Ranked Top P/C Insurer in Arizona
May 11 2004 // In one of the largest business opinion polls ever taken in Arizona, “Ranking Arizona” named Farmers Insurance Group the best Property and Casualty Insurance Company for the third year in a row. This is the...
Missouri GOP Looks to Override Gov. Holden’s Veto of Med-Mal Award Caps; Insurers Won’t Promise Rate Cuts
May 10 2004 // Missouri Republicans are trying to override a veto by Democratic Gov. Bob Holden of a bill that placed caps on pain-and-suffering awards in medical malpractice cases, according to the Associated Press. Holden vetoed a...
Gov. Perry Urges Insurers to Bring Business to Texas
May 10 2004 // Texas Gov. Rick Perry recently told a group of key insurance company executives that one of his top priorities is working to make Texas a great place for new companies to do business. According to the Independent Insurance...
Insurers Back N.Y. DOI’s Proposed No-Fault Fixes
May 10 2004 // The New York State Insurance Department’s proposed amendments to Regulation 83 would reportedly move the state’s no-fault auto reparations system toward more measured and reasonable cost control without...
Insurer’s Payment to Gov. Rowland’s Wife Questioned
May 7 2004 // Gov. John G. Rowland’s wife was paid $15,000 last year by an insurance company that had received a $16 million state contract. W.R. Berkley Corp. of Greenwich paid Patricia Rowland a fee for a speech, along with...
Insurers Urge Veto of Conn. Med-Mal Measure
May 7 2004 // A Connecticut House bill designed to improve availability for medical liability insurance fails to provide meaningful tort reform, will not remove costs from the system, and could actually add costs for insurers and...
PCI Welcomes Three New Member Companies
May 6 2004 // The Property Casualty Insurers Association of America announced that Farmers Union Mutual Insurance Company, American Vehicle Insurance Company, and Federal National Insurance Company have joined the association. The...
S&P Assigns ‘A-‘ Rating to German Surety Insurer
May 6 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Hanover-based surety insurer Deutsche...
PCI Expresses Concerns on States’ Credit Scoring Study
May 5 2004 // The Property Casualty Insurers Association of America has issued a bulletin expressing serious legal and public policy concerns about a multi-state study being conducted by insurance regulators on the “impact of...
October Wildfire Survivors File Class Action Suit Against Insurance Companies
May 5 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...
Workers’ Comp, Other Industry Bills Headed to Gov. Bush as Fla. Session Concludes
May 5 2004 // Although so-called consumer protection initiatives dominated the headlines in the 2004 Florida legislative session, insurers were reportedly equally concerned with bills addressing workers’ compensation and other...
AIA Reports Iowa’s 2004 Legislative Session a Success for Both Consumers, Insurers
May 4 2004 // The American Insurance Association (AIA) on Monday declared Iowa’s 2004 legislative session a success for consumers and insurers on key issues affecting the property/casualty market. “From passage of a medical...
ACIC Responds to CDI News Conference
May 4 2004 // Sam Sorich, president of the Association of California Insurance Companies (ACIC), released a statement in response to Insurance Commissioner John Garamendi’s recent comments regarding the response of the insurance...
PCI Cites ISO Action as Supporting TRIA Renewal
May 4 2004 // The Property Casualty Insurers Association of America has issued a comment citing the call by the Insurance Services Office, Inc. (ISO) to ask state regulators to approve conditional commercial policy contract language...
WCIRB 2003 Report on Insurers Released
May 4 2004 // The WCIRB has completed its report summarizing insurer loss and premium experience through December 31, 2003. To view the report, click the link below. WCIRB Summary of December 31, 2003 Experience
ACIC: Legislation Would Drive Up Homeowners Insurance Costs
May 4 2004 // Pending legislation purported to be pro-consumer would in fact hurt consumers by mandating insurance practices that in the long run would drive up the cost of homeowners insurance, according to the Association of...
LA. OWES $1.2M TO FAILED INSURER:
May 3 2004 // A judge in Baton Rouge, La., told the state it must pay more than $1.2 million to the owner of a failed insurance company, years after two former consultants hired by the state pleaded guilty to illegally handling the...
