Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
NAII: La., Texas Lighten Regulatory Load
Jun 20 2003 // Louisiana and Texas legislators opted to overhaul their insurance regulatory systems this year with competition-based solutions that should help to address the insurance availability and affordability crises that have...
Holyoke’s Departure Another Blow to Mass. Auto Market Says NAII
Jun 20 2003 // Holyoke Mutual Insurance Co.’s announcement that it will exit the auto insurance business and has entered into an arrangement to transfer all of its Massachusetts auto insurance business to Plymouth Rock Assurance...
Document Sciences Corp. Unveils Content Processing for P/C Insurers
Jun 19 2003 // California-based Document Sciences Corporation (www.docscience.com), a provider in automating creation and delivery of enterprise business communications, recently unveiled a comprehensive solution for generating property...
Calif. Commissioner Serves Cease & Desist on Unauthorized Insurer
Jun 19 2003 // Insurance Commissioner John Garamendi announced that the California Department of Insurance (CDI) served a Cease and Desist Order on Insurance Company of the Americas (ICA) based in Bradenton, Fla. and Oriskany, N.Y.,...
Onerous Calif. Financial Privacy Bill Heard in Assembly
Jun 18 2003 // A Senate bill that would reportedly create the country’s most restrictive privacy standards passed the full Senate and is pending in the Assembly, where it was heard June 17 in the Assembly Banking and Finance...
Insurers Ask NAIC to Nix Plans to Extend Pilot Project
Jun 17 2003 // The property/casualty industry voiced its “strongest objections” to any decision by the National Association of Insurance Commissioners (NAIC) to extend the annual statement data collection parameters of their...
Report Generali Seeking French Insurer
Jun 17 2003 // According to newspaper reports Italy’s Generali may soon make a 300 million euro ($355.5 million) bid for French insurer Le Continent in a bid to increase its share of the French market. It considers the country a...
China Opens Two New Areas to Foreign Insurers
Jun 17 2003 // The China Insurance Regulatory Commission announced that it has opened up the insurance markets in the southwestern cities of Chongqing and Chengdu. Under the terms of its accession to the World Trade Organization China...
NAII Notes Vt. Legislative Session “Ends Quietly for Insurers”
Jun 17 2003 // The National Association of Independent Insurers noted that the 2003 Vermont legislative session wrapped up with little impact on the property/casualty insurance industry. The bulletin indicated that the legislative...
Associations Tell NAIC Not to Reduce Collateral, Requirements for Alien Reinsurers
Jun 11 2003 // The four property/casualty trade associations, joined by a workers’ compensation and a reinsurance association, have joined together to ask the National Association of Insurance Commissioners (NAIC) to reject any...
ICICI Infotech’s PREMIA Launched
Jun 9 2003 // ICICI Infotech, the global technology solutions company, has launched PREMIA an integrated insurance management system for insurance companies. PREMIA is an enterprise-class solution that offers a complete solution to...
FITCH SEES P/C INSURERS’ UNDERWRITING RESULTS IMPROVING IN ’03:
Jun 9 2003 // Fitch Ratings’ current estimate is that the domestic P/C industry will experience an improvement in the combined ratio to 103.9 percent in 2003 from 107.2 percent in 2002, with an increase in premium volume of...
The Ratings Game
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
Dearth Amidst Plenty – Reinsurers Send Mixed Signals
Jun 9 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...
Execs Talk Future of Industry at 9th Annual ITC Forum
Jun 9 2003 // “Amateur hour is over.” Those were the words of the Sullivan Group president Gerald J. Sullivan, addressing a roomful of industry executives recently at the 9th Annual Insuring the Children Forum....
Sparks Fly During Nevada’s Legislative Session
Jun 9 2003 // The fireworks, bright lights and loud noises emanating from Nevada is not the Las Vegas strip, it is actually the final weeks of legislative debate in the state capital in Carson City. Once again the Nevada legislature has...
Worst Ever Tornado Losses Won’t Affect Property Rates Yet
Jun 9 2003 // A series of severe thunderstorms and tornadoes that ravaged the country’s mid-section in early May is not likely to send property insurance rates soaring again, but the surprising weather pattern has caused insurers...
Texas Regulation Bill Passes in Last Hours of Session
Jun 9 2003 // In the waning hours of the 78th Legislature Texas lawmakers passed Senate Bill 14, the long-awaited insurance reform bill, giving additional power to the Insurance Commissioner to control residential and automobile...
Houston Law Firm Claims a Win in Battle Against Insurer
Jun 4 2003 // Houston-based Hicks Thomas & Lilienstern announced that a Harris County jury found in favor of the firm and awarded $150,000 in attorneys fees it incurred in a dispute with the firm’s insurance carrier, Valley...
New Online Information Available to Ky. Insurers and Businesses
Jun 4 2003 // Expanded agent licensing information on affiliated individuals is now available to insurers or business entities online at the Kentucky Department of Insurance’s Web site. The department noted that for privacy and...
