Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Surplus Lines Bill Passes La. House, Senate Battle Next
May 14 2003 // The Louisiana Surplus Lines Association is urging its members to keep the pressure on state lawmakers to pass House Bill 1476, which would exempt certain surplus lines insurers from a decades old, largely un-enforced law...
Mo. Storms Hit Insurers for $400 Million, Says Commish
May 14 2003 // Missouri’s insurers are likely to pay at least $400 million to more than 60,000 Missourians for insured property damage from last week’s tornadoes and other violent storms, according to Insurance Commissioner...
Wis. Commish Announces Administrative Actions
May 14 2003 // The Wisconsin Office of the Commissioner of Insurance (OCI) has taken the following administrative actions. In many of these cases the respondent denied the allegations but consented to the action taken. OCI is responsible...
Nev. Commissioner Orders Insurer to Cease & Desist
May 14 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman has ordered Liberty Liability Foundation, Self-Funding Automobile Liability (Liberty Liability) to stop all unauthorized insurance activities, including automobile...
New Ariz. Law Expedites Repair Process, Services to Towed Vehicles
May 14 2003 // Legislation that should speed up the repair process for insured vehicles by clarifying that insurance companies can retrieve automobiles from towing yards was signed into law last week, according to the National...
Alliance Responds to IIABA Survey on Homeowners Market
May 14 2003 // The Alliance of American Insurers (AAI) responded Tuesday to a recent report from the Independent Insurance Agents and Brokers of America (IIABA), addressing the homeowners market (see IJ Web site May 13) in the...
Mo. Med Mal Data Show Court’s Caps Ruling Needs Reversal: Commish
May 14 2003 // Missouri Department of Insurance (MDI) Director Scott B. Lakin today said the state must act quickly to reverse a 2002 court ruling that has seriously disrupted Missouri’s medical malpractice market. Under the...
Fitch Sees P/C Insurers’ Underwriting Results Improving in ’03
May 12 2003 // Fitch Ratings’ current estimate is that the domestic property/casualty insurance 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...
North Dakota’s Session Ends Positive for Insurers
May 12 2003 // North Dakota’s 2003 legislative session was reportedly a very positive session for property/casualty insurers highlighted by the passage of legislation dealing with the payment of attorney fees in uninsured motorist...
PIA Reports Court Applies New Legal Theory to New York Insurers
May 12 2003 // In an unanimous ruling, the Appellate Division of the New York State Supreme Court recently applied an apportionment theory of liability that had previously only been used in pollution cases to a case involving lead paint,...
Kansas City Life Insurance Company First Quarter, 2003 Earnings Release
May 9 2003 // Kansas City Life Insurance Company posted a $0.62 per share net loss in the first quarter 2003, compared with a $0.54 per share net income last year. The net loss of $7.5 million for the quarter is primarily due to...
Med-Mal Insurers Sound Off in Nolan Survey
May 8 2003 // A recently conducted survey reportedly sheds light on how medical malpractice insurers view their industry’s future and what steps they are taking to meet it. Senior-level executives from nearly half of all U.S....
Surplus Lines Bill Passes La. Committee
May 8 2003 // A bill that would allow surplus lines insurers to enter pleadings without posting a bond advanced from the Louisiana House Insurance Committee, according to the National Association of Independent Insurers. “House...
Report Says U.S. Insurance Industry Loses $13.7B Annually Due to Auto Premium Rating Error
May 7 2003 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, released its annual Premium Rating Error report, detailing just how much often-overlooked premium rating errors diminish the overall profits of...
ACIC Urges Calif. Lawmakers to Nix Ban on Insurers’ Credit Use
May 7 2003 // Legislation that would reportedly prohibit homeowners’ insurers from using credit history for underwriting, rating or payment plans in California will be considered Wednesday by the Senate Insurance...
Ind. Sessions Ends With Status Quo for Insurers
May 6 2003 // The 2003 Indiana legislative session came to a close recently with little impact on the property and casualty insurance industry, according to a statement released by a trade group. The only substantial property/casualty...
Calif. Commissioner Addresses Needs for Reform to Workers’ Comp
May 6 2003 // California Insurance Commissioner John Garamendi spoke recently to the Assembly Insurance Committee in Sacramento. Below are his comments as provided by the Calif. Department of Insurance. Chairman Vargas and Committee...
SCORING BILL PASSES OKLA. LEGE
May 5 2003 // The Oklahoma Legislature has approved an insurance scoring bill based on model legislation developed by the National Conference of Insurance Legislators (NCOIL), according to the American Insurance Association (AIA). John...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
