Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Fitch Reports P/C Insurers’ Credit Exposure from Reinsurance Increases; Disputes Grow but Stay Small Relative to Surplus
Nov 14 2003 // U.S.-based insurers’ reinsurance credit exposures have increased significantly during a period in which the credit quality of the reinsurance industry has deteriorated, according to a new research report published by...
Pollard Re-elected 2004 NAII Chairman
Nov 13 2003 // William Pollard, executive vice president and general manager of the North Carolina Farm Bureau Mutual Insurance Company and 2003 chairman of the Board of Governors of the National Association of Independent...
Moody’s: Wildfires Will Hurt Insurers’ Bottom Line
Nov 12 2003 // Moody’s Investors Service said in a statement that it does not expect its ratings or outlook on the U.S. personal lines insurance sector as a whole to be impacted solely by the recent spate of California...
NACE Conference Extends Its ‘Focused Education’ to Insurers
Nov 10 2003 // The International Autobody Congress & Exposition (NACE) 2003 event announced that, for the very first time, insurance agents and licensed staff will be able to earn continuing education (CE) credits at its December...
Insurers Interested in Potential Safety Advantages of Black Boxes
Nov 10 2003 // The attached letter was sent to the Los Angeles Times responding to an article that reportedly suggested that insurers’ only interest in event data recorders (EDR) or black boxes is auto liability in auto...
Panel Says Attracting Private Specialty Carriers to Calif. Will Stabilize WC Crisis
Nov 6 2003 // The California workers’ compensation system is broken with employers under immense financial strain due to continually rising premiums and employees feeling their legitimate claims being tarnished by the increasing...
Calif. Commissioner Allows Insurers to Expand Use of Adjusters for Wildfire Claims
Nov 6 2003 // Calif. Insurance Commissioner John Garamendi released the following statement declaring an Emergency Situation in Southern California due to the wildfires: “Due to the unprecedented destruction caused by Southern...
ISO HomeValue Offers Insurers a New Method to Estimate Residential Replacement Values
Nov 4 2003 // Insurance Services Office, Inc. (ISO) and AIR Worldwide Corporation (AIR) announced the release of ISO HomeValue(TM), a new web-based property replacement valuation system based on the latest component-based...
U.S. Marine Insurers Respond to Post-9/11 World of Domestic Security Rules and Regulations
Nov 3 2003 // U.S. ocean marine insurers need to work in partnership with government and all components of the maritime trade in order to meet the challenges of operating in the post-9/11 environment, according to David French,...
ISO REPORTS INSURERS’ Q3 CAT LOSSES ESTIMATED AT $2.9 BILLION:
Nov 3 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...
NAII, Alliance Aim to Merge by Jan. 1
Nov 3 2003 // Two of the nation’s largest property/casualty trade groups are in negotiations to merge and hope to finalize the arrangement before the big ball makes its final descent on Times Square this year. The National...
Professional Liability/E&O Here Today, Gone Tomorrow
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional...
The Garamendi Plan: Workers’ Compensation Reform Phase II
Nov 3 2003 // California Insurance Commissioner John Garamendi outlined the second phase of his workers’ compensation reform plan Oct. 21. The reform legislation that he helped shape during the first phase of this effort is...
Sledgehammers at 40 Paces
Nov 3 2003 // You would think that after several centuries in business, insurers would have a better handle on public relations. Apparently they still believe the sledgehammer approach is effective. And then they are surprised when...
NAII, Alliance Aim to Merge by Jan. 1
Nov 3 2003 // Two of the nation’s largest property/casualty trade groups are in negotiations to merge and hope to finalize the arrangement before the big ball makes its final descent on Times Square this year. The National...
Professional Liability/E&O Here Today, Gone Tomorrow
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional...
Wooley, Kyle Battle for Louisiana’s Top Insurance Job
Nov 3 2003 // And then there were two. That is the scenario for this month’s runoff election (Nov. 15) in the race to be the next insurance commissioner in Louisiana. The Oct. 4 primaries brought the field of candidates down to...
Sledgehammers at 40 Paces
Nov 3 2003 // You would think that after several centuries in business, insurers would have a better handle on public relations. Apparently they still believe the sledgehammer approach is effective. And then they are surprised when...
ISO In Agreement with ProcessClaims to Provide Insurers Streamlined Claims Handling Via Web Services
Oct 31 2003 // Insurance Services Office, Inc. (ISO) has signed an agreement to integrate its ClaimDirectorSM auto physical damage (APD) claim score with the ClaimsPortTM solution from ProcessClaims to enable systematic evaluation of...
A.M. Best Assigns ‘A-‘ FSR to Aspen Specialty Co.
Oct 29 2003 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Aspen Specialty Insurance Company, the recently formed U.S. insurer that is part of the Aspen Group, which includes the ultimate parent...
