Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AIA Calls on N.M. Blue Ribbon Commission to Reduce Tax Toll on Insurers
Aug 12 2003 // The American Insurance Association (AIA) led a delegation of property-casualty trade associations on Monday in urging New Mexico’s Blue Ribbon Tax Reform Commission to recommend real improvements to the state’s...
Keystone Insurers Group Marks 20 Years in Business
Aug 12 2003 // The Pennsylvania-based Keystone Insurers Group, a leading franchiser of independent insurance agencies, announced that it is celebrating 20 years of service, and will mark the occasion with an Open House at its new...
American Alternative Corp. New Carrier for Universal Facilities Ltd.
Aug 11 2003 // Universal Insurance Facilities Ltd. announced its new relationship with American Alternative Insurance Corporation (AAIC). AAIC is a wholly owned subsidiary of American Re-Insurance Corporation, and has an A.M. Best Rating...
Work Comp, Privacy Most Prominent Issues in Calif. Legislature
Aug 11 2003 // Several bills of interest to the California property/casualty insurance industry – including proposals to reform the workers’ compensation system and address privacy issues – are pending on the Senate and...
Texas Carriers Ordered to Lower Homeowners Rates
Aug 11 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...
Alliance Says Arrival of New Insurer in N.J. a Welcome Event
Aug 8 2003 // The arrival of the first new auto insurer in New Jersey in the past seven years is a positive event for the state’s consumers, according to the Alliance of American Insurers. “The decision by California-based...
Fitch Downgrades CNA, Best Stands Still
Aug 8 2003 // A $308 million after-tax charge taken by Chicago-based carrier CAN Financial Corp.’s primary insurance subsidiaries have led to a downgrade by Fitch Ratings, while A.M. Best says its ratings had already taken into...
Insurers Expected to Pay $4.9B for Q2 CAT Losses
Aug 8 2003 // U.S. property/casualty insurers are expected to pay policyholders an estimated $4.9 billion for insured property-loss claims from four catastrophic events in the second quarter ― the second-highest second quarter in...
Ohio DOI to Check Insurers on Scoring
Aug 4 2003 // The Ohio Department of Insurance will conduct a review of Ohio insurance companies to inquire about the industry’s current use of credit scoring and how companies are moving toward complying with a new regulation...
BILL BANNING INSURANCE SCORES FAILS IN CALIF. ASSEMBLY COMM.
Aug 4 2003 // California Senate Bill 691 failed to pass the state Assembly Insurance Committee recently, legislation that would have reportedly banned the use of credit-based insurance scores for underwriting and rating homeowners...
Insurers Urge 11th Circuit to Overturn Fla. Ruling
Aug 4 2003 // The four national property/casualty insurance industry trade associations filed an amicus brief recently with the 11th Circuit Court of Appeals opposing the use of a national class action to resolve insurance rate...
(Reader’s Choice) The Top 10 Golf Resorts
Aug 4 2003 // Looking for a great course to woo your next client on the fairway? Insurance Journal readers voted for their favorite golf resort…. And the results are in! We gathered reader comments as to why they voted for their...
Insure the Game You Love to Play
Aug 4 2003 // Like most other industries, clubs have been impacted a great deal by the hardening market. While recent pricing has improved slightly, clubs still face pricing, stability and consistency issues with respect to their...
Credit, Environmental Liability Tops Ore. Issues in 2003 Session
Aug 1 2003 // As the legislative session continues to roll forward in Oregon, Senate bills that would unfairly expand environmental insurance coverage and restrict insurers’ use of credit information are stirring controversy,...
N.J. Doctor Charged with $48,000 Fraud Theft
Jul 31 2003 // New Jersey Attorney General Peter Harvey announced that an Essex County doctor and his niece have been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor with reportedly falsifying...
Wis. Top Court Retreats on Insurance Policy ‘Crystal Clarity’
Jul 30 2003 // The Wisconsin Supreme Court recently issued a decision rejecting “crystal clarity” as the standard for assessing whether an insurance policy is ambiguous to policyholders. “The most recent ruling comes...
ISO Reports Insurers Expected to Pay $4.9B for Q2 Catastrophe Losses
Jul 29 2003 // U.S. property/casualty insurers are expected to pay policyholders an estimated $4.9 billion for insured property-loss claims from four catastrophic events in the second quarter ― the second-highest second quarter in...
N.B. Consumers Deserve Rate Reductions: Insurers Want to Comply
Jul 28 2003 // To date, companies that insure almost half of Canada’s motoring public in New Brunswick have reportedly filed rate reductions with the province’s Public Utilities Board (PUB) and still more have rate reductions...
Insurers See Mixed Results in 2003 Legislation Affecting Motorcycle Insurance
Jul 25 2003 // As the public’s interest in motorcycle riding has reportedly grown over the last decade, so has insurance company interest grown in meeting the needs of this segment of the marketplace. According to the Motorcycle...
Court Date Set on Unlicensed Mo. Med-Mal Insurer
Jul 23 2003 // A Cole County, MO., Circuit Court judge will hear arguments Aug. 14 on whether to issue a preliminary injunction against medical malpractice insurance sales by an unlicensed Virgin Islands-based company, Security Trust...
