Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurance Scoring and Regulatory Modernization Top NAII’s National Agenda
Oct 28 2002 // As the 2003 legislative season dawns, insurance scoring is the lead issue for the National Association of Independent Insurers (NAII). Insurance coverage for mold is also a major concern in selected areas of the country,...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless, commentators were almost unanimous in predicting that the market would harden,...
Calif. Workers’ Comp: The Road to Rehabilitation
Oct 28 2002 // We all know what the problems are in the California workers’ compensation market, and now it’s time for the solutions. With the upcoming election well underway, California will soon see a new Insurance...
Reinsurance through an MGA: A Retail Agent’s Guide
Oct 28 2002 // Retail agents know where to turn when they have a specialized need, a difficult coverage to place, or any kind of excess or surplus line of business: the managing general agent. Due to the broad range of coverage options...
OKLA. CITY FIRM NOT AN INSURER
Oct 28 2002 // Insurance Commissioner Carroll Fisher ordered an Oklahoma City company to stop acting like an insurance company. Fisher said he issued the order Oct. 11, after learning the company, which operated under several names,...
Reinsurance and the Reaction to September 11
Oct 28 2002 // As I am writing this, President Bush is pushing Congress to consider the insurance terrorism bill that has been floating around Congress for months. When asked recently to describe what measures should be taken in order to...
Insurance Scoring, Regulatory Modernization Top NAII’s National Agenda
Oct 28 2002 // As the 2003 legislative season dawns, insurance scoring is the lead issue for the National Association of Independent Insurers (NAII), followed closely by regulatory reform. Insurance coverage for mold is also a major...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless commentators were almost unanimous in predicting that the market would harden,...
Federal Government, Insurers Tout Importance of Cyber Coverage
Oct 28 2002 // Recently, the White House unveiled the National Plan to Secure Cyberspace, an initiative urging insurers and companies to assess and manage exposures to cyber risk. Among other things, the plan calls for developing new...
Demotech’s Financial Stability Ratings – What Are They All About’
Oct 28 2002 // For the past several months, Insurance Journal readers have viewed articles discussing Demotech’s Financial Stability Ratings®. This article presents additional information on the origin of those ratings. Prior to...
Reinsurance through an MGA: A Retail Agent’s Guide
Oct 28 2002 // Retail agents know where to turn when they have a specialized need, a difficult coverage to place, or any kind of excess or surplus line of business: the managing general agent. Due to the broad range of coverage options...
IIABA Urging Insurers to Be More Consumer-Friendly By Fixing Anomalies in Use of Credit Information
Oct 25 2002 // As insurers increasingly rely on consumer credit histories and credit-related scores during the underwriting and rating process, the Independent Insurance Agents and Brokers of America (IIABA) is urging companies to...
ISO Estimates Insurers’ 3rdQ Catastrophe Losses Reach $675M
Oct 24 2002 // Insurers are expected to pay $675 million to homeowners and businesses for insured-property losses from six catastrophic events in the third quarter of this year, according to preliminary estimates by the Insurance...
Insurer Arson Reporting and Immunity Laws Compendium Updated
Oct 23 2002 // The Insurance Committee for Arson Control (ICAC) a non-profit insurance industry organization dedicated to arson control, has brought a 20-year old compendium of state arson reporting laws into the digital age of...
Irish Insurer to Use IIABA’S Best Practices Program
Oct 22 2002 // Ireland’s Hibernian General Insurance, the country’s largest p/c insurer, has entered into an exclusive two-year agreement to license and distribute two of the IIABA’s “Best Practices” tools...
S&P’s: Federal Terrorism Coverage a Concern for Insurer Ratings
Oct 22 2002 // The introduction of federal terrorism coverage could tempt some insurers into taking on exposure irresponsibly and have the perverse effect of casting doubt on ratings, according to a Standard & Poor’s...
ISO Estimates Insurers Will Pay $335M from Hurricane Lili’s Damage to Insured Property
Oct 17 2002 // Insurers are expected to pay $335 million to homeowners and businesses for insured-property losses from Hurricane Lili that struck Louisiana and Mississippi on Oct. 3, according to estimates by the Insurance Services...
Gov’t, Insurers Tout Cyber Coverage
Oct 14 2002 // Recently, the White House unveiled the national plan to Secure Cyberspace, an initiative urging insurers and companies to assess and manage exposures to cyber risk. Among other things, the plan calls for developing new...
WEISS REPORTS P/C INSURERS POST $5.5B PROFIT IN 1stQ 2002
Oct 14 2002 // The nation’s property and casualty insurers reported a $5.5 billion profit for the first three months of 2002, representing a $260 million, or 4.9 percent, increase over the same period last year, according to Weiss...
JUDGE RULES ‘ONE OCCURRENCE’ FOR TRIO OF SEPT. 11 INSURERS
Oct 14 2002 // A federal judge ruled Sept. 25 that the attacks on the World Trade Center last September resulted in “one occurrence” under a policy form used by a trio of insurers of the destroyed complex, according to a Dow...
