Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Agents Who Stick to a Plan Will Be Very Successful
Jul 21 2003 // In our continuing column on employee benefits, Insurance Journal senior writer Dave Thomas recently spoke with John Nelson, vice president of California-based Warner Pacific Insurance Services. John’s responses are...
Fla. RRG Hopes to Address LTC Liability Crisis
Jul 21 2003 // With national and state efforts at altering medical liability rules once again failing to hurdle the predictable political roadblocks and the commercial insurance marketplace struggling to provide the coverages so many...
Regional Carriers Zone In on Helping Agents
Jul 21 2003 // When it comes to buying and selling insurance, there is a common thread intertwined in all transactions—service. Whether it be the consumer purchasing auto insurance, or the agent securing the coverage on behalf of the...
Insurers Urge 11th Circuit to Overturn Fla. Ruling That Usurps State Regulation of Insurance
Jul 21 2003 // The four national property/casualty insurance industry trade associations filed an amicus brief late last week with the 11th Circuit Court of Appeals opposing the use of a national class action to resolve insurance rate...
Florida RRG Hopes to Address LTC Liability Crisis
Jul 21 2003 // With national and state efforts at altering medical liability rules once again failing to hurdle the predictable political roadblocks and the commercial insurance marketplace struggling to provide the coverages so many...
Regional Carriers Zone In on Helping Agents
Jul 21 2003 // When it comes to buying and selling insurance, there is a common thread intertwined in all transactions—service. Whether it be the consumer purchasing auto insurance, or the agent securing the coverage on behalf of the...
Water Losses Flood Calif. Homeowners’ Market, Study Says
Jul 17 2003 // The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found. Remediation and...
Ill. Surplus Carriers Hit by Retroactive Tax
Jul 16 2003 // Illinois surplus lines carriers are protesting a retroactive tax hike that was enacted to help address the state’s budget deficit, according to Springfield’s State Journal-Register. The surplus lines producer...
U.S. House Passage of OT Rules Reportedly Bodes Well for Insurers
Jul 14 2003 // Proposed Department of Labor regulations that were approved by the House of Representatives July 10 would reportedly clarify how employers determine who is exempt from overtime pay and should aid insurers, according to the...
Anonymous Informant Awarded $1,000
Jul 14 2003 // Texas Mutual Insurance Company announced that, thanks to a recent anonymous tip, it is ready to recover over $8,200 in restitution and save over $26,000 in estimated future income benefits. Additionally, the confidential...
NCOIL Scoring Model Reportedly Garners Support in States
Jul 10 2003 // The reported increasing popularity of the National Conference of Insurance Legislators (NCOIL) Insurance Scoring Model Act and the publication of two significant studies showing an irrefutable link between credit-based...
SB 64 Poses Threat to Calif. Homeowners Market, Says AIA
Jul 10 2003 // A proposed bill severely restricting insurers’ ability to manage exposure and calculate risk would give homeowners insurers no option but to limit writing new coverage in California, the American Insurance...
SB 691 Fails in Calif. Assembly Ins. Committee, ACIC Pleased
Jul 10 2003 // California Senate Bill 691 failed to pass the state Assembly Insurance Committee July 9, legislation that would have banned the use of credit-based insurance scores for underwriting and rating homeowners insurance....
ACT Says Careful Move to Paperless Environment Will Reportedly Benefit Independent Agency System
Jul 8 2003 // There are reportedly many potential benefits for the independent agency system as many carriers begin to “turn off” the paper traditionally sent to agents and replace it with electronic information. However,...
London Insurers Win Seattle Pollution Trial
Jul 8 2003 // Lloyd’s Underwriters and other London Market Insurers announced that a Seattle jury had found in their favor after a three week trial in their dispute with Puget Sound Energy, Inc. (“PSE”), a large gas...
Fla. Governor Signs Law Limiting Use of Credit Reports
Jul 7 2003 // Florida’s Chief Financial Officer Tom Gallagher announced that a new law has hit the books that will limit the use of credit reports and credit scores by insurance companies that sell homeowners and auto insurance....
U.S. Supreme Court Defeats Holocaust Law
Jul 7 2003 // The U.S. Supreme Court last month defeated a California law that required insurance companies to provide information about all of their Holocaust-era policies. In a 5-4 vote, the High Court decided that California’s...
P/C Q1 Net Income Up 20.6%-Driven by Underwriting, Net Investment Gains
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Q1 Numbers an Improvement, But Concerns Stand
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
Networked Insurance Agents Begins Expansion in West
Jul 7 2003 // In continued efforts to provide access for small to medium-sized agencies to insurance carriers who traditionally do not work though wholesalers, Grass Valley, Calif.-based Networked Insurance Agents has teamed up with...
