Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Flood, Credit Rank Among Top 2004 Maryland Issues as Session Ends
Apr 5 2004 // As the 2004 Maryland legislative session draws to a close, a myriad of property/casualty insurance bills reportedly benefiting consumers in providing disaster relief and fair underwriting and rating practices are...
New ISO Symbols Rate Cars By Make and Model for Liability, No-Fault/Medical Payments Insurance
Apr 1 2004 // Insurance Services Office Inc. (ISO) has introduced a personal auto rating program carriers can use to tailor the cost of insurance for bodily injury and property damage liability and no-fault/medical payments coverage...
Fla. CFO Joins Legislative Leaders to Push for Consumers’ Bill of Rights
Apr 1 2004 // A South Florida family reportedly lost their homeowners insurance after their mortgage company failed to pay premiums from escrow. Another Floridian from Tampa was denied insurance coverage on a home he was purchasing...
Insurance Scoring Legislation Sent to Iowa Governor
Apr 1 2004 // Iowa is the first state this year to pass credit-based insurance scoring legislation based on the National Conference of Insurance Legislators’ (NCOIL) model act. The governor is expected to sign the legislation, the...
Former Mass. Official D’Amato Heads Consumer Group
Mar 31 2004 // A former director of the State Rating Bureau (SRB) within the Massachusetts Division of Insurance and frequent critic of the industry and its regulators has signed on to be executive director at the Center for Insurance...
Personal Lines Issues Dominate Mich. Agents Convention
Mar 30 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...
S&P Upgrades NZ Insurer Promina Outlook to Positive
Mar 29 2004 // Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Promina Group Ltd. to positive from stable, and affirmed the holding company’s “A-” long-term counterparty...
Nevada Rate Increase Sought by Malpractice Insurance Company
Mar 26 2004 // Medical Protective Co., which provides malpractice insurance for 200 doctors located mainly in southern Nevada, has filed for a 24 percent rate increase. The state Insurance Division says MedPro wants the increase to take...
New Carrier for Fla. Homeowners Market
Mar 26 2004 // Coral Insurance Company, an admitted Florida insurance carrier and fully-owned subsidiary of Coral Enterprises LLC, has now begun underwriting homeowners insurance, initially with a dozen Dade, Broward and Palm County...
S&P Upgrades Outlook on 7 Japanese Insurers
Mar 24 2004 // Standard & Poor’s Ratings Services announced that it has revised the outlooks to stable from negative on its financial strength and long-term counterparty credit ratings on seven Japanese insurance...
Ark. Suggests Insurers Evaluate New Security Product
Mar 22 2004 // The Arkansas Department of Insurance issued a notice to insurers and other interested parties about a significant new technology in the area of truck and truck cargo security. The Arkansas Department said it wants to make...
Mass. Eyes Fla.-style Hurricane Fund to Ease Coastal Homeowners Crisis
Mar 22 2004 // Massachusetts officials, searching for ways to ease a homeowners insurance availability crisis on Cape Cod and other coastal areas, are researching how Florida dealt with its insurance difficulties 10 years ago when it set...
Consumer Protections Added for N.J. Drivers
Mar 22 2004 // New Jersey Governor James McGreevey took further steps Monday toward a consumer-directed, competitive auto insurance market, announcing the adoption of additional consumer initiatives as part of his auto insurance reforms...
MASS. INSURER SUES OVER HIGH RISKS:
Mar 22 2004 // Hanover Insurance Co, a unit of Allmerica, has upped the stakes in the battle over high risk auto business in Massachusetts by suing for $20 million it says it has suffered in losses plus damages because of an alleged...
Selecting the Right Company Partner for Workers’ Comp Pays Dividends
Mar 22 2004 // First, this article is not about “parting shots.” When I hear this expression I immediately think of a retaliatory barrage to a poor unsuspecting sole. Instead, I’m going to discuss an issue near and dear...
Insurance Scoring Reportedly Provides Significant Benefits to Fla. Consumers
Mar 22 2004 // Insurance scoring is a proven, accurate, objective and consistent risk assessment tool that provides significant benefits to Florida consumers, the Florida insurance industry testified Monday at a Florida Office of...
The Growing Need for Long Term Care Insurance
Mar 22 2004 // Americans are becoming more sophisticated about long-term care insurance. As the knowledge of this financial product has broadened, the insurance carriers have designed additional options and riders for the more savvy...
Workers’ Comp – Buying a Policy or Selecting an Insurance Partner’
Mar 22 2004 // Recently, while conducting an education program for a group of agency professionals on the subject of workers’ compensation, I realized that for many agents, the workers’ compensation policy is the...
Revised Workers’ Comp Estimates Misconstrued by Senator, Commissioner
Mar 22 2004 // California Senator Richard Alarcón (D-San Fernando Valley) came down on the insurance industry March 10, demanding that workers’ compensation insurers cut their premium rates immediately to reflect revised industry...
P/C INSURERS’ PROFITS DOUBLE FIRST THREE QUARTERS OF 2003:
Mar 22 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
