Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ky. Expands Online Info for Insurers, Businesses
Sep 2 2003 // The Kentucky Department of Insurance announced that expanded agent licensing information on affiliated individuals is now available to insurers or business entities online at the department’s Web site. For privacy...
WCIRB Releases Report on Q1 Insurer Experience
Sep 2 2003 // The Workers’ Compensation Insurance Rating Bureau (WCIRB) has compiled a summary of insurer reports of loss and premium experience valued as of March 31, 2003. This summary is based on data reported to the WCIRB by...
Wellstone Crash Families Settle With Airline’s Insurer
Aug 29 2003 // Aviation Charter Inc. has agreed to a $25 million insurance settlement with the family members of Minnesota Sen. Paul Wellstone and five other passengers as compensation for the October plane crash which killed them,...
Trade Associations Prevail in Lawsuit Challenging Calif. Homeowners Emergency Regs
Aug 26 2003 // Three insurance trade associations announced that a Sacramento Superior Court sustained their challenge to the legality of a homeowners insurance Emergency Regulation issued by the California Department of Insurance (CDI)...
Insurers Responding Quickly to Kelowna Fire Crisis Says IBC
Aug 26 2003 // The Insurance Bureau of Canada reported that insurers in British Columbia are acting quickly to assist policyholders whose homes and businesses have been affected by the forest fires currently raging in the province (See...
SCINS Says Costs for Water Damage Growing Rapidly
Aug 21 2003 // The cost of household water damage in South Carolina continues to grow at an alarming rate, according to the South Carolina Insurance News Service (SCINS). The group said that in 2002 water claims cost the insurance...
Oregon Credit Bill Passes Legislature, En Route to Gov.
Aug 21 2003 // A bill restricting insurers’ use of credit information for personal lines underwriting and rating passed the Senate Aug. 20 and heads to the Oregon Governor Ted Kulongoski’s desk for his...
Blackout to Have Small Impact on U.S. Insurers
Aug 21 2003 // Last week’s blackout that halted power throughout the Midwest, the northeastern U.S., and parts of Canada reportedly might only have a minimal impact on U.S. insurance companies, depending on the official cause of...
S&P Releases Report on Australian Insurers
Aug 19 2003 // Standard & Poor’s has released a report on the life and nonlife insurance sectors in Australia that concludes the two are facing “very different operating environment dynamics in 2003.” It is the...
NYSID Issues Guidelines on Personal Auto Insurance
Aug 19 2003 // The New York State Insurance Department has issued Circular Letter #12, addressed to “All Insurers Authorized To Write Motor Vehicle Insurance In New York State; Rate Service Organizations; And Insurance Producer...
Allcity Insurance Company Announces 1st Half Results
Aug 19 2003 // Allcity Insurance Company, a division of New York’s Empire Group, which is currently in runoff, reported a net loss of $1,620,000 or $0.23 per share for the six months ended June 30, 2003 compared to a net loss of...
Report Russia May Lower Entry Barriers for Insurers
Aug 19 2003 // A report from Dow Jones Newswires indicates that Russia’s Economic Ministry is seeking government backing to lower the existing barriers to entry for foreign companies in the country’s insurance market. Foreign...
Report Europe’s Insurers Take Cautious Line on Blackout Claims
Aug 18 2003 // European Insurers are reportedly adopting a “wait and see” attitude concerning potential claims from the blackout that hit the Northeastern U.S. and parts of Canada last week. Both Reuters and Dow Jones...
Despite Compulsory Coverage Laws, Fight Against UMs Marches On
Aug 18 2003 // Compulsory auto insurance. It sounds like the “silver bullet” for the problems of uninsured motorists, doesn’t it? Make it mandatory for all motorists to purchase coverage and you won’t have an...
Texas Carriers Ordered to Lower Homeowners Rates
Aug 18 2003 // On Aug. 8, the Texas Department of Insurance (TDI) ordered most of the top 32 insurance company groups writing homeowners insurance in Texas to lower their rates by up to 31 percent, a move the department expects will save...
Punishing Who’ The Debate Over Insuring Punitive Damages
Aug 18 2003 // Two recent Texas opinions have re-opened an issue of public policy. For many years now, the question as to whether punitive damages are covered under general liability policies has been one of much debate. In Texas, much...
Uninsured Drivers Travel Under the Radar
Aug 18 2003 // Two things are abundantly clear when it comes to the issue of uninsured motorists: The problem is a big one and it’s nearly impossible to know with any certainty how many uninsured drivers there are on the...
Despite Compulsory Coverage Laws, Fight Against UMs Marches On
Aug 18 2003 // “Compulsory auto insurance.” It sounds like the “silver bullet” for the problems of uninsured motorists, doesn’t it? Make it mandatory for all motorists to purchase coverage and you...
Insurers Seek Review of Iowa Diminished Value Rule
Aug 14 2003 // The Iowa Administrative Rules Review Committee is being urged by insurer lobbyists to issue a session delay on rule changes to Iowa Code 191-15 that pertain to diminished value in third party claims so that the legislature...
NCOIL Stacked With Insurance Insiders, Says Consumer Group
Aug 13 2003 // The Consumer Federation of America (CFA) released a study which reportedly found that at least 40 percent of the leadership of the National Conference of Insurance Legislators (NCOIL), an organization that offers model...
