Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.D. Enacts NCOIL Insurance Scoring Model; Kan. Bill Sent To Governor
Apr 10 2003 // Legislation regulating the use of credit-based insurance scores was recently signed by North Dakota’s governor and has passed the Kansas legislature. Three other states, Colorado, Virginia and Wyoming have enacted...
Best Lowers Underwriter Insurance Company Rating to B++ (Very Good)
Apr 9 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of the U.K.’s Underwriter Insurance Company Limited, removed the rating from under review with...
Minn. Limits Insurer Liability Under Standard Fire Policy
Apr 9 2003 // Republican Minnesota Gov. Tim Pawlenty has made his state the third in the nation to enact a law that will go a long way toward stabilizing the commercial insurance market, according to a statement released by...
Unlicensed Mo. Insurer Reportedly Marketing in Kansas City Area
Apr 9 2003 // First Actual American Insurance Co., which has no license to sell in Missouri, reportedly is soliciting medical malpractice business in the Kansas City area. If doctors or other health-care providers are approached, they...
NAII Says N.Y. Anti-Spam Bill Could Hinder Insurer E-Mailings
Apr 8 2003 // The National Association of Independent Insurers expressed concerns that insurers doing business in New York could be adversely affected by a proposed “anti-spam” bill, which could interfere with their ability...
Supreme Court Rules in Important Insurance Legal Case
Apr 7 2003 // A ruling by the U.S. Supreme Court today overturning a lower court’s ruling in State Farm Mutual Automobile Insurance Co. v. Curtis B. Campbell and Inez Preece Campbell is a victory for insurers and state regulation...
ACIC Responds to CDI Notice on Insurers’ Use of Loss History Info. for Underwriting
Apr 7 2003 // The California Insurance Department’s draft advisory notice regarding insurance companies use of claims databases and loss history in underwriting and rating has far-reaching implications, oversteps its boundaries...
Will Insurers Use War to Profit’
Apr 7 2003 // It is often noted that the economy can be impacted by the smallest of things. Going to war with Iraq, however, was not exactly a small thing. Whether you support the cause or not, I for one do, the trickle down affect...
War in Iraq: The Known and Unknown Consequences for the Industry
Apr 7 2003 // As President Bush and his advisors made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge –...
Hard Market Hits California Homeowners
Apr 7 2003 // Credit scoring, CLUE reports become targets of Commissioner Garamendi’s Ire The hard market has hit California homeowners hard. State Farm, which had nearly 23 percent market share in the state in 2001 according to...
Property/Casualty Insurance: An Industry in Recovery’
Apr 7 2003 // Following the property/casualty industry’s net loss after taxes in 2001, many analysts predicted 2002 would be the year of recovery. In fact, strong premium growth and sharply lower catastrophe losses did lead to...
Are Cost, Availability of Calif. Homeowners Insurance at Crisis Proportions’
Apr 7 2003 // Today, the California personal lines industry is at the peak of a down cycle that has adversely affected the homeowners’ insurance marketplace. The downturn began in 2000, and worsened after the Sept. 11 attack on...
Challenges Abound in the High-Valued Homes Market
Apr 7 2003 // For more than a decade, the U. S. homeowners insurance industry has failed to produce acceptable results. Less publicized has been the challenges faced by insurers of high-valued homes. To a large extent, the same culprits...
Will Insurers Use War to Profit’
Apr 7 2003 // It is often noted that the economy can be impacted by the smallest of things. Going to war with Iraq however was not exactly a small thing. Whether you support the cause or not, I for one do, the trickle down affect...
War in Iraq: The Known and Unknown Consequences
Apr 7 2003 // As President Bush and his advisers made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge,...
Challenges Abound in the High Valued Homes Market
Apr 7 2003 // For more than a decade, the U. S. homeowners insurance industry has failed to produce acceptable results. Less publicized has been the challenges faced by insurers of high valued homes. To a large extent, the same culprits...
Playing the Waiting Game in the Texas Homeowners Market
Apr 7 2003 // Could it be that there is a light at the end of the tunnel for the Texas homeowners market? Rates have firmed through waves of increases over the past two years to the point where they may have reached a pinnacle, at least...
Property/Casualty Insurance: An Industry in Recovery’
Apr 7 2003 // Following the property/casualty industry’s net loss after taxes in 2001, many analysts predicted 2002 would be the year of recovery. In fact, strong premium growth and sharply lower catastrophe losses did lead to...
Let it Hail, Let it Hail, Let it Hail!
Apr 7 2003 // The March 2000 thunderstorm blew in without much warning during the Fort Worth, Texas early evening rush hour. When softball-size hail smashed through the roof of a downtown restaurant, customer Mario Valverde headed for...
An Agent’s Guide to the Fine Art of Insurance
Apr 7 2003 // An interview with Mary Ann Avnet, vice president of Chubb & Son and marketing manager for Chubb Personal Insurance. Q. In the current economic environment, does it make sense for agents and brokers to seek...
