Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Residual Markets Continue to Burden Auto Insurers
Feb 9 2004 // A new report by the Property Casualty Insurers Association of America (PCI) shows that residual market plans for private passenger auto insurance continue to result in significant losses for insurance companies. But one...
HBA Insurance Group Forms Trucking Industry Insurer
Feb 9 2004 // Florida-based HBA Insurance Group (www.hbains.com) announced the creation of a new insurance agency to serve South Florida’s trucking industry. Truck Owners Insurance Alliance LLC recently began operating from...
In Mass., Good Drivers Lose Discounts While Employer Groups Retain Theirs
Feb 9 2004 // Only three of the 19 companies still writing private passenger auto insurance in Massachusetts will offer discounts to safe drivers this year. Five years ago, there were one-third more writers of the coverage and most of...
Workers’ Comp Second Injury Funds: Going, Going, Gone’
Feb 9 2004 // SIFs are designed to reduce the financial impact of a workers’ compensation claim in the event a worker with a disability, injured on the job, aggravates a pre-existing impairment. Maintaining healthy workers’...
Workers Aren’t the Only Comp Cheats
Feb 9 2004 // Within the insurance industry—and even outside it—workers’ compensation fraud is typically associated with malingering employees who fake an injury in order to collect compensation and some paid...
Manning Riddell Named Defendant in Lawsuit
Feb 9 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on...
Colorado Top 40 Commercial & Private Passenger Auto Insurers
Feb 9 2004 // The information provided below was taken from the 2002 Colorado Insurance Industry Statistical Report. All figures quoted are acquired from information filed by each company with the Colorado Division of Insurance, and the...
No Brake Yet for Personal & Commercial Auto
Feb 9 2004 // The auto insurance market has come a long way since Travelers wrote the first third-party policy for Gilbert J. Loomis’s one-cylinder car in 1897. “I’ll never insure a gasoline can on wheels,”...
For Workers’ Comp Writers, 2004 May Be as Good as It’s Going to Get
Feb 9 2004 // After years of depressed pricing and a soft workers’ compensation market, prices are on the rise in many parts of the country, a trend analysts predict will continue through at least this year and probably next. The...
Subrogation Outsourcing Offers Value, Greater Claims Recovery
Feb 9 2004 // How an insurance company handles the subrogation function impacts its value to policyholders and shareholders. While financial stability, underwriting expertise and breadth of coverage remain important, an insurer’s...
Three Years Later, Industry Puts Toxic Mold into Perspective
Feb 9 2004 // Whatever became of mold? Only three years ago, newspaper headlines, fueled by overzealous trial attorneys and misguided scientific information, trumpeted mold as “the next asbestos.” Since then, however, mold...
PCI Disappointed with Maine’s Failure to Reform Fire Policy on Terrorism
Feb 6 2004 // The Property Casualty Insurers Association of America issued a bulletin stressing its disappointment with a decision by the Joint Standing Committee on Insurance and Financial Services in Maine not to support passage of...
“2004 Will Be the Real Test” Lord Levene Tells Insurers
Feb 4 2004 // Lloyd’s Chairman Lord Peter Levene does not mince words. So, while he reflected on 2003 as a relatively benign, and for Lloyd’s a very profitable, year, his audience at a meeting of the City Forum in London sat...
Hartville to Purchase P/C Insurer
Feb 3 2004 // North Canton, Ohio-based pet insurer Hartville Group Inc. announced today that it has signed a letter option agreement to purchase a property/casualty insurance company. This is an exclusive option for Hartville to...
S&P Foresees Conflict between U.S. Insurers, Reinsurers
Feb 3 2004 // According to a new report from Standard & Poor’s Ratings Services, “reinsurance companies are trailing U.S. insurers in their recognition of inadequate reserves, and as their backing turns to bad debt,...
Best Downgrades APCapital; Med-Mal Insurer Exits Nev.
Feb 2 2004 // The financial strength rating of East Lansing, Mich.-based medical liability insurer American Physicians Capital Inc. has been downgraded to “B+” from “B++” by A.M. Best Co. This action, according...
Mich. Insurers Respond to Homeowners Data Call
Jan 28 2004 // The more than 100 homeowners insurance carriers that operate in Michigan are already gathering rating information recently requested by the governor and the Michigan Office of Financial Insurance Services (OFIS)...
Ala. Workers’ Comp Fund Would Reportedly Benefit from Assessment Increase
Jan 28 2004 // With the Alabama Insurance Guaranty Association (AIGA) facing unprecedented budgetary shortfalls, the state’s employers and injured workers could reportedly be left with unpaid claims in the event of insurer...
Tennessee’s P/C Market Mirrors Challenges Other States Face
Jan 26 2004 // Paula Flowers, the commissioner of Tennessee’s Department of Commerce and Insurance, recently set aside some time to talk with Insurance Journal Southeast regarding some of the industry issues impacting the Volunteer...
Earlybird Forecast for 2004: Street Sees Premium Growth in Store
Jan 26 2004 // 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...
