Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Maine High Court Upholds Insurer for Non-Renewing Homeowners Policies Over Day Care in Home
Apr 12 2004 // The Maine Supreme Court has upheld the right of an insurer not to renew a homeowners policy for insureds operating at-home day care centers, even though the operators had a separate commercial policies for their...
N.Y. Builders to Form Own Liability Insurer
Apr 12 2004 // Having seen the pool of private insurers selling them policies dry up, home builders in New York will provide their own coverage. “We are taking matters into our own hands,” said Phil LaRocque, executive vice...
Insurer That Triggered Nevada Malpractice Crisis Pays $1 Million
Apr 12 2004 // The St. Paul insurance companies, whose pullout from the medical malpractice insurance market caused a crisis for Nevada doctors, will pay a group of Las Vegas physicians $900,000 under terms of a settlement announced...
Rates Hold Steady at 9 Percent for March
Apr 12 2004 // MarketScout (www.marketscout.com) recently released its industry barometer for March 2004. According to Richard Kerr, chairman and CEO, “Rates are holding steady at 9 percent for the month of March. In a related...
Mo. ‘Pool’ Businesses to Reportedly Save $3 Million from 3.7 Percent Workers’ Comp Rate Cut
Apr 12 2004 // Missouri “pool” businesses should reportedly save $3 million from 3.7 percent workers’ compensation rate cut The private insurer running Missouri’s workers’ “pool” for high-risk...
Insurer Group Voices Concerns Again Over Proposed Changes to Market Conduct Suveillance Act
Apr 8 2004 // The Property Casualty Insurers Association of America (PCI) again raised its concerns to the National Association of Insurance Commissioners’ (NAIC) Market Conduct Committee regarding their proposed changes to the...
Insurers Back Consumer Choice in UM/UIM Coverage
Apr 7 2004 // The Mississippi House Insurance Committee heard testimony this week on a bill designed to reduce the minimum number of stacked vehicles on a driver’s uninsured and underinsured motorist coverage. S.B. 2788 would...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Is Carrier Solvency a Worry on Everyone’s Mind’
Apr 5 2004 // Carrier solvency is on the tip of everyone’s tongue. It is the one issue everyone in the industry has to be concerned about. It isn’t just the staggering record losses sustained by the industry from the 9/11...
Personal Lines Issues Dominate Michigan Agents Convention
Apr 5 2004 // A host of personal lines issues—ranging from credit scoring to a commissioner-requested data call to state fines on drivers with no proof of auto insurance—headlined the Michigan Association of Insurance Agents (MAIA)...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // One of the most contentious issues surrounding homeowners insurance this year is insurer use of prior loss history databases. Although spurned in the press as the “new database used to cancel policies” or the...
Florida OIR Charges Ahead with Credit Score Workshop
Apr 5 2004 // Give the Florida Office of Insurance Regulation (OIR) credit, it has been a good listener when it comes to questions and concerns on the role of credit scoring. During a rule development workshop last month in Tallahassee,...
Terrorism Tops List of Concerns for Workers’ Comp Professionals
Apr 5 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas recently for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...
Legislators Try to Get a CLUE About Loss Reports
Apr 5 2004 // Among the many topics addressed by the property/casualty insurance committee of the National Conference of Insurance Legislators (NCOIL) at its Feb. 26-29 meeting in San Antonio was the comprehensive loss underwriting...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
Surplus Lines Products For Homeowners – Salvation or Cause for Concern’
Apr 5 2004 // In 2004, the California homeowners and dwelling marketplace continues to erode. In October 2003, catastrophic wildfires destroyed 790,000 acres of brush and forest land, and along the way destroyed 3640 homes, 1141...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
Mich. Auto Insurers Failing to File Data Face Penalties
Apr 5 2004 // Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda Watters said that two insurance companies that failed to submit information requested through an auto insurance data call by March 15, 2004 now...
Ga. Commissioner Releases Public Service Announcement Educating Residents on Dangers of Bogus Insurance Companies
Apr 5 2004 // Georgia Insurance Commissioner John Oxendine announced the launch of a public service announcement (PSA) that will inform consumers of the dangers of purchasing insurance policies from unauthorized companies. “These...
Tenn. Commissioner Unveils Bulletin for Insurers on Rate Increase Notification
Apr 5 2004 // Tennessee Insurance Commissioner Paula Flowers has issued a new bulletin cautioning that Tennessee insurers must notify their policyholders about rate or rate factor increases on Commercial Risk policies. The Department of...
