Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mass. Bikers Challenge Rate Decision; Seek Return of $100 Million
Dec 31 2003 // The Massachusetts Division of Insurance and the Automobile Insurers Bureau are in a legal fight with the Massachusetts Motorcycle Association, which has filed suit in the state’s highest court, claiming the...
Insurers Sue to Stop Halliburton Bankruptcy
Dec 24 2003 // Halliburton Company’s plan to send several of its subsidiaries into bankruptcy as part of a $4.17 billion settlement of all current and future asbestos claims won’t happen if a lawsuit by more than 20 insurance...
Best Places Ratings of NZ Insurers Credit & General and Consumer Insurance Under Review
Dec 23 2003 // A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of New Zealand’s Credit & General Insurance Limited (CGI) and the financial strength rating of...
Securities Firms Form ‘Excess SIPC’ Protection Insurer; S&P Assigns ‘A+’ Rating
Dec 23 2003 // 14 securities firms announced that they have formed the Customer Asset Protection Company (CAPCO). The captive insurer, licensed in New York, will provide excess securities account protection (“Excess SIPC”)...
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
New Med-Mal Insurer to Begin Covering Ohio in January
Dec 23 2003 // Ohio Department of Insurance Director Ann Womer Benjamin announced that OHA Insurance Solutions (OHAIS) Inc. has been licensed to begin selling medical liability coverage statewide to a limited number of physicians...
St. Johns Insurance Co. Opens Doors for Fla. Homeowners
Dec 19 2003 // Homeowners insurer, St. Johns Insurance Company, announced that it is open for business in the state of Florida. St Johns, which is rated “A” Excellent by Demotech, is writing voluntary homeowners policies in...
Insurance Information Institute Unveils Earlybird Forecast for 2004
Dec 18 2003 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals that the...
IBC Selects “Top Ten” Canadian Insurance Frauds of 2003
Dec 18 2003 // Insurance fraud isn’t a uniquely American phenomenon, as the Insurance Bureau of Canada’s recent announcement shows all too clearly. Our neigbors north of the border have also chosen their “top ten”...
Conning Study Says P/C Insurers’ Loss Reserves Hit Turning Point as Deficiencies Decrease
Dec 17 2003 // Three years of rising property/casualty rates have finally had a favorable impact on loss reserves, substantially reducing estimated deficiency, according to the latest annual study on the subject by Conning Research...
Employers Insurance Company of Nevada Report 3Q 2003 Financial Results
Dec 16 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly-owned subsidiary Employers Compensation Insurance Company (“ECIC”) formerly known as Fremont Employers Insurance...
Mo. Court Strikes Down Managed Care WC Rules
Dec 15 2003 // A Missouri court has ruled against the Missouri Department of Insurance, enjoining the department from enforcing rules requiring workers’ compensation insurers to pay for managed care organizations’ services,...
J.D. Power: Independent Agents Expect Volume Increase With Carriers
Dec 15 2003 // Independent insurance agents expect to see an increase in the number of policies written with the majority of insurance carriers in the next year, according to the inaugural J.D. Power and Associates 2003 Independent...
WCIRB RELEASES REPORT ON Q2 INSURER EXPERIENCE:
Dec 15 2003 // The WCIRB has compiled a summary of insurer reports of loss and premium experience valued as of June 30, 2003. The report is based on data reported to the WCIRB by insurers who wrote approximately 99 percent of statewide...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Canada’s P/C Insurers Report Weaker Q3 Results from Auto Losses
Dec 15 2003 // According to a bulletin from the Insurance Bureau of Canada, the country’s P/C insurers posted generally weaker financial results in the third quarter of 2003, due largely to a downward trend in the auto insurance...
Enhancing Carrier Relationships with a Sales and Marketing Plan
Dec 15 2003 // The New Year is a perfect time to reflect on how we have been running our agencies and restructure it to the way we should be running it. Business plans and sales and marketing plans are essential to proper agency...
Next Year’s Issue’ The Resolution of Last Year’s Problem: Use of Staff Counsel
Dec 15 2003 // At year end it is a common practice for many insurance attorneys to peek at the likely new issues for the forthcoming year. Not surprisingly, most of the really big issues that arise in any given year are not the ones that...
Throw Away Your Crystal Ball … The Stage is Already Set for 2004
Dec 15 2003 // With the clock ticking down on 2003, it’s only natural to begin forecasting the key trends that will impact the insurance industry in 2004. Like Thanksgiving turkey that can be served many ways but never seems to be...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
