Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
How to Develop Program Business Despite Tough Market Standards
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers, such as MGAs, retail agent groups and wholesalers, and the specialty insurance carriers—has been...
A Halfway Point in the Fight Against Terrorism
Dec 1 2003 // Nov. 6 marked an important point in time for America’s property and casualty insurers. It was the halfway point between the Sept. 11, 2001, terrorist attacks and Dec. 31, 2005, the date that the Terrorism Risk...
NCMIC Insurance Co. to Become New Carrier for Lawyer’s Protector Plan
Nov 26 2003 // NCMIC Group, Inc. and Brown & Brown, Inc. announced that NCMIC Insurance Company will become the new carrier for the Lawyer’s Protector Plan® (LPP)® insurance program, effective as soon as new filings can be...
Federal Terrorism Insurance Issues Examined at CAS Annual Meeting
Nov 26 2003 // Actuaries reportedly face difficult challenges in accurately pricing commercial property insurance coverage under the Terrorism Risk Insurance Act of 2002 (TRIA), the temporary federal financial backstop for insuring...
Nev. Unlicensed Insurer Shut Down and Ordered to Pay Fines
Nov 26 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman ordered TRG Marketing, L.L.C., TRG Administration L.L.C., (TRG) and its principals, William Paul Crouse and Carmello Zanfei, to pay administrative fines of $180,000,...
S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question
Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...
U.S. Marine Insurers Predict Continued Profitability
Nov 24 2003 // U.S. ocean marine insurers expect 2003 full-year results will show continued profit as underwriters maintain their pricing discipline, according to David French, chairman, American Institute of Marine Underwriters...
Independent Survey Reveals Good News for NGM
Nov 24 2003 // According to a recent nationwide survey conducted by Deep Customer Connections, Inc. (DCC), a Massachusetts-based management consulting firm serving the property and casualty (P/C) industry, National Grange Mutual (NGM),...
Insurers See Minimal Loss from Istanbul Bombings
Nov 24 2003 // Despite the horrendous damage caused by the two bomb blasts that ripped through Istanbul last Thursday, killing 28 persons and injuring over 400, the insured losses are not expected to be excessively heavy. Roger Short,...
WCIRB Releases Report on Q2 Insurer Experience
Nov 21 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...
Guy Carpenter Unveils New Model for Studying Insurers’ Quota Share, Surplus/Trust Preferred Note Options
Nov 20 2003 // Guy Carpenter & Company, Inc. announced the development of a proprietary analytical tool in response to insurance companies’ growing use of quota shares and surplus/trust preferred notes to manage their capital...
N.J. Commissioner Details Consumer Protection Actions
Nov 20 2003 // New Jersey’s Banking and Insurance Commissioner Holly C. Bakke has announced a number of actions, following investigations by the Department’s Market Conduct Unit. It operates within the Office of Consumer...
Fla. Insurers Work With OIR to Develop Credit Regulations
Nov 19 2003 // Representatives of the insurance industry in Florida met last week with the Office of Insurance Regulation (OIR) to try and reach a compromise a draft proposed regulation dealing with the use of insurance scoring in...
State Regulator, Former Congressman Caution Insurers on Federal Regulatory Intervention
Nov 19 2003 // A leading state regulator and a former U.S. Representative warned insurers that expanding congressional oversight of the industry may worsen rather than improve the regulatory system. Ernst Csiszar, South Carolina...
Fitch Places Travelers on Rating Watch Negative Following Merger Notification
Nov 19 2003 // Fitch Ratings has placed the ‘AA’ Insurer Financial Strength (IFS) ratings of the members of the Travelers Property Casualty Group (Travelers) and the ‘A’ senior debt and long-term issuer ratings of...
S&P Affirms Talanx ‘AA-‘ Ratings
Nov 19 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on the core members of Germany’s Talanx primary...
Fitch Reports Insurance CDOs Allow Smaller U.S. Insurers to Access Capital Markets
Nov 17 2003 // Insurance collateralized debt obligations (CDOs) present a significant new opportunity for small to mid-sized insurers to raise long-term capital at rates far lower than current financing, according to an article appearing...
Insurers Question NAIC Budget Reserves
Nov 17 2003 // Insurance industry representatives are unhappy with a budget proposed by the National Association of Insurance Commissioners, the quasi-governmental body that collects insurers’ annual financial statements and...
Task Force Created to Expand Markets in Louisiana
Nov 17 2003 // The Independent Insurance Agents and Brokers of Louisiana (IIABL) has established a Markets Task Force to bring insurance company markets back to Louisiana. According to the IIABL, the mission of the task force is to...
