Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Water Craft Insurer Ordered to Halt Fla. Operations; Agent Faces License Revocation
Oct 16 2003 // The Florida Office of Insurance Regulation has ordered a Canadian company to stop selling unauthorized insurance in the state, and a Venice agent is facing revocation of his license for reportedly selling the bogus...
ISO Reports Insurers’ Q3 CAT Losses Estimated At $2.9 Billion
Oct 14 2003 // Insurers are expected to pay $2.9 billion to homeowners and businesses for insured property losses from seven catastrophic events in the third quarter of this year — up more than 300 percent from the year-ago period —...
Several Oregon P/C Insurance Measures Signed Into Law
Oct 14 2003 // Oregon Governor Ted Kulongoski recently signed several pieces of significant property/casualty insurance legislation, including measures dealing with credit reports, taxes, auto insurance coverage and environmental...
German Tax Law Change Would Benefit Insurers
Oct 14 2003 // The German government is poised to introduce legislation that would change tax laws applicable to the country’s insurers, resulting in a substantial reduction in the amount of taxes they must pay. Originally reported...
AIG to Buy 9.9% Stake in Chinese P/C Insurer
Oct 10 2003 // American International Group plans to further expand its already extensive activities in China by Buying a 9.9 percent stake in PICC Property & Casualty Co., the country’s largest general insurer with a 70...
Multicultural Initiatives Yield Big Results for Insurers
Oct 9 2003 // Insurers that launch an articulate emerging markets strategy can realistically expect agent productivity increases of more than 50 percent, and dramatically better results than their “normal” business,...
Travelers Implements Automated Sign-On to Web Site for AMS System Users
Oct 9 2003 // Travelers Property Casualty Corp. reported that it is one of the first carriers to participate with AMS Services, Inc. in the implementation of Carrier Passport, an expansion of TransactNOW that provides automated sign-on...
Arch Insurance Group to Attend Target Markets Summit
Oct 7 2003 // The Target Markets Program Administrators Association has announced the addition of another carrier to its current list of Company Partners. The Arch Insurance Group has joined the Association dedicated to serving the...
“A:XV” Insurer Strengthens Its Committment to London American
Oct 7 2003 // Mark Maucere, president of San Diego-based London American General Agency Inc. announced that effective immediately London American has a “Preferred” Commercial Property/Casualty Underwriting Facility for an...
Under the Gun, NAIC Recommits to Modernization
Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...
INSURERS SUE TERROR SUPPORTERS FOR 9/11 LOSSES
Oct 6 2003 // Dozens of insurance companies, acting as members of five large insurance groups—Chubb, American Re, Zurich American, One Beacon and Crum & Forster—have filed a lawsuit in two cities against Al Qaida and other...
BOPs, The Small Business Shield
Oct 6 2003 // Like a fine wine, BOPs seem to be getting better with age. Long the marketplace standard of property and liability insurance for small businesses, BOPs, known more formally as Business Owners Package policies, have...
Calif. Law Expanding Auto Insurance Discounts Takes Effect
Oct 6 2003 // California Governor Gray Davis recently signed a bill supported by the Association of California Insurance Companies (ACIC) that allows insurance companies to grant a rating discount on private passenger automobile...
Calif. Legislative Session Adjourns With New Privacy Law, WC Reform
Oct 6 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty industry during the 2003...
BOPs, The Small Business Shield
Oct 6 2003 // Like a fine wine, BOPs seem to be getting better with age. Long the marketplace standard of property and liability insurance for small businesses, BOPs, known more formally as Business Owners Package policies, have...
Under the Gun, NAIC Recommits to Modernization
Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...
IIAT Queries Commissioner José Montemayor About Reforms
Oct 6 2003 // The Texas Department of Insurance has begun implementing the directives in Senate Bill 14 to bring balance, stability, fair pricing and a dynamic homeowners insurance market to Texas. Its first step toward that goal...
Calif. Legislature Settles on Workers’ Comp Reform Package
Oct 3 2003 // With the lawmakers facing the most serious pressure in years to do something about California’s broken workers’ comp system, the state legislature earlier last month passed a six-bill armada designed to reign...
Canadian Insurers Handling Hurricane Claims
Oct 2 2003 // The Insurance Bureau of Canada has issued a bulletin reassuring consumers that their property insurance will respond to storm-related damage caused by Hurricane Juan, which struck Nova Scotia and Prince Edward Island last...
S&P Report Analyzes Impact of 9/11 Ruling on Insurers
Oct 1 2003 // A recent court ruling deemed the World Trade Center attacks to be a single event for insurance purposes, which is good news for insurers on the heels of some bad news: an earlier ruling allowing lawsuits to proceed against...
