Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AIA Calls UCITA Defeat in Okla. a ‘Victory for Insurers’
Feb 25 2003 // The Uniform Computer Information Transactions Act (UCITA), a bill that formalizes the law for licensing of computer information products, was defeated in the Oklahoma Senate Appropriations Committee, and the American...
Va. Lawmakers Consider Tightening Use of Insurers’ Underwriting, Rating Tools
Feb 24 2003 // As the final days of the 2003 Virginia legislative session unfold, lawmakers are considering several bills that would impact the resources insurance companies currently use to underwrite and rate their products. Senate...
Mont. Credit Info Bill Limits Insurers Ability to Accurately Predict Risks, AIA Says
Feb 24 2003 // The Montana House of Representatives has approved legislation to limit use of a valuable tool that allows insurers to accurately predict losses and price auto and homeowners products, the American Insurance Association...
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
Industry Looks to Meet Challenge of Modernization
Feb 24 2003 // Insurance industry leaders are clamoring for information technology (IT) modernization but are inhibited by budget constraints, a recent survey conducted by Sapiens International revealed. Sapiens, a provider of business...
The Light at the End of the Tunnel for Medical Malpractice’
Feb 24 2003 // Skyrocketing insurance premiums, a dearth of companies writing medical malpractice insurance and doctors suspending their practices in protest are precipitating increased regulatory involvement and tort reform in the...
Will Model Credit Bill Score Victories Around the Country’
Feb 24 2003 // Agents, insurers and politicians may never agree on how to handle credit-based insurance scoring, but last November the National Conference of Insurance Legislators (NCOIL) passed out of its property/casualty committee a...
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
Med Mal Fever: When Doctors Walk Out, Politicians Notice
Feb 24 2003 // They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and...
Industry Looks to Meet Challenge of Modernization
Feb 24 2003 // Insurance industry leaders are clamoring for information technology (IT) modernization but are inhibited by budget constraints, a recent survey conducted by Sapiens International revealed. Sapiens, a provider of business...
You Bet There’s More to a Comparative Rater Than Just Quoting
Feb 24 2003 // Comparative raters for independent agents have been available since the early 80s with the introduction of personal computers. Just like today’s PC, they have made great strides since the days of the floppy drive...
The Light at the End of the Tunnel for Medical Malpractice’
Feb 24 2003 // Skyrocketing insurance premiums, a dearth of companies writing medical malpractice insurance and doctors suspending their practices in protest are precipitating increased regulatory involvement and tort reform in the...
NCOIL Insurance Scoring Model Advances in Nebraska
Feb 21 2003 // The Nebraska Banking, Commerce and Insurance Committee has approved an insurance scoring bill favored by insurers while voting down a bill that would have banned the use of credit information by insurers. Legislative Bill...
Workers’ Comp Insurers Must Check Criminal List When Claim is Filed
Feb 19 2003 // Unless a claim is filed, workers’ compensation insurers reportedly would not know if an employee’s name is included in the infamous Specialty Designated National (SDN) list of criminals and terrorists targeted...
Mich. Commish Demands Insurers’ Scoring Models
Feb 19 2003 // A new bulletin requires Michigan insurers to begin providing more information to consumers about the use of credit to calculate rates by July 1. Bulletin 2003-01-INS, issued by Michigan Financial and Insurance Services...
Senate Privacy Bill Could Impede Progress in Calif. Business Climate
Feb 19 2003 // The Association of California Insurance Companies (ACIC) says a California consumer privacy bill that was set to be heard in the Senate Judiciary Committee Feb. 18 is unnecessary because current state law and department of...
Arkansas Lands First Captive Insurer
Feb 18 2003 // Arkansas State Insurance Commissioner Mike Pickens announced that his state’s first captive insurer, AMC Re, has been formed by American Management Corporation (AMC), an insurance agency in Conway. The new company...
P/C Insurers Expected to Pay $5.8B for Insured Property-Loss Catastrophe Losses
Feb 14 2003 // U.S. property/casualty insurers are expected to pay an estimated $5.8 billion in insured property-loss claims from catastrophes last year, making 2002 the fourth-lowest year in losses in the last 10, according to...
NAII Opposes Superfluous Credit Bills at Ore. Hearing
Feb 14 2003 // An Oregon regulation addressing credit-based insurance scores should receive a chance to take effect and work before lawmakers consider adopting unnecessary legislation that could prevent consumers from getting the...
Wash. Study on Insurer Use of Credit Should be Used Cautiously
Feb 13 2003 // A recent study by the Washington state Office of the Insurance Commissioner (OIC) about insurer use of credit history adds some interesting new pro-competitive angles to the public policy debate, according to American...
