Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Weiss Ratings Drops a Bomb on the Med-Mal Debate
Jul 7 2003 // Martin D. Weiss, the head of the Florida-based rating service that bears his name, couldn’t have chosen a better way to ramp up the debate over medical malpractice lawsuits, and the increased costs of insurance...
Latino Market Heats Up
Jul 7 2003 // It is nearly impossible to deny the impact the burgeoning Hispanic population has and will have on American culture and its markets. The marketplace for insurance is no exception. Hispanics are now the country’s...
Net Income Up 20.6 Percent for P/C Insurers in Q1
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 one percent in 2002 and the worst-ever negative 2.4 percent recorded in...
N.J. Auto Reforms May Signal Regulatory Climate Change Nationwide
Jul 7 2003 // When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time,...
Alliance, AIA Commend Md. DOI on Mold Regs Rollback
Jul 3 2003 // Maryland’s recently appointed Insurance Commissioner, Al Redmer, won praise from both the Alliance of American Insurers and the American Insurance Association for his recent action in rescinding a previous order,...
CSC Unveils Software for Small- to Mid-Sized P/C Insurers
Jul 2 2003 // Computer Sciences Corporation has introduced POINT IN, insurance administration software CSC designed for small- to mid-sized property and casualty (P/C) insurers and managing general agents. POINT IN, which is a new...
Pa. Med-Mal Fund Gets New Guaranty Protection
Jul 2 2003 // An announcement by the law firm Buchanan Ingersoll gives details of the formation of a new medical malpractice insurer — the Professional Casualty Association, which “has closed on a deal in which it assumed...
AAI Says Appellate Court’s Decision Strikes Blow for Insurer Use of Databases in Underwriting, Rating
Jul 2 2003 // In an ironic twist, a recent federal appellate court opinion in an insurance fraud case seems to contradict actions by several regulators to prevent insurer use of claims databases, according to the Alliance of American...
Proposed Mass. Budget Reportedly Includes Burdensome Provisions for Insurers
Jul 2 2003 // The Massachusetts Senate and House have agreed on a budget which would reportedly impose several burdensome provisions on the insurance industry, including funding the Department of Insurance (DOI) with a special...
CSC Introduces Advanced Software for Large Insurers
Jul 1 2003 // Computer Sciences Corporation announced the availability of Exceed(TM), a software system available for the property and casualty/general insurance industry. CSC designed Exceed to help large insurers reduce costs, improve...
New Ill. Budget Hits Insurers With Increased Taxes, Fees
Jun 26 2003 // Illinois Gov. Rod Blagojevich has signed into law two bills dealing with taxation on surplus lines insurers and motor vehicle records fees. S.B. 1634 will require surplus line producers to file reports twice a year with...
Industry Reacts to Calif. Holocaust-era Decision
Jun 24 2003 // California Insurance Commissioner John Garamendi released the following statement regarding the United States Supreme Court’s decision to defeat a California law required insurance companies to provide information...
PIANY Notes Passage of Policyholder Protection Bill
Jun 24 2003 // The Professional Insurance Agents of New York noted that both houses of the State Legislature have passed a bill, initiated by the PIANY, to help agents help their clients by strengthening policyholder protection. The...
P/C Q1 Net Income Up 20.6 Percent, Driven by Underwriting Results and Investment Gains
Jun 23 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 on the Horizon
Jun 23 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...
Weiss Ratings Drops a Bomb on the Med-Mal Debate
Jun 23 2003 // Martin D. Weiss, the head of the Florida-based rating service that bears his name, couldn’t have chosen a better way to ramp up the debate over medical malpractice lawsuits, and the increased costs of insurance...
Dearth Amidst Plenty – Reinsurers Send Mixed Signals
Jun 23 2003 // Is the glass half-full, or half-empty? The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance...
Must the Insurer Appeal’
Jun 23 2003 // A while back I was discussing with a colleague whether a carrier has a duty to prosecute an appeal on behalf of its insured. My initial thought was that upon the resolution of the underlying matter by a trial verdict and...
Hawaii Welcomes 9th Captive Insurance Company
Jun 20 2003 // Hawaii Governor Linda Lingle announced the recent licensing of the newest Hawaii captive insurance company that will be used to insure the national and international risks of its Japanese-based parent company. Mitsui...
