Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Why Insurance Costs Go Up and What Customers Can Do To Save Money
Sep 30 2002 // As renewal notices go out in the mail, insurance agents across Texas are answering calls from their policyholders, some of whom are facing rising homeowners and auto insurance rates. Texas law requires proof of financial...
CONNING SAYS SMALL P/C INSURERS EXCEL
Sep 30 2002 // While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a...
POA Pushes Texas Anti-Cherry Picking Bill
Sep 27 2002 // Policyholders of America (POA), a consumer interest group, announced it has secured enough support from Texas legislators to initiate the drafting of nine insurance-related bills to be considered in the 2003 legislative...
AIA Opposing Calif. Regulation on Proof-of-Insurance Cards
Sep 27 2002 // The California Department of Insurance (Department) lacks the statutory authority to mandate a single format for proof-of-insurance cards, according to the American Insurance Association (AIA). AIA formally expressed its...
Calif. Gov. Davis Signs Family Leave Bill Opposed by Insurers
Sep 26 2002 // California Gov. Gray Davis has signed a bill (SB 1661) that permits workers to take six weeks off to care for a new baby, a newly adopted child or a family member who has fallen ill. With the signing, California becomes...
Calif. Health Insurer to Be Terminated Dec. 31
Sep 26 2002 // Some 165,000 patients of a Silicon Valley health insurer will be searching for new medical insurance in the coming months as the company is being shut down Dec. 31, according to an Associated Press report. Lifeguard Inc.,...
NAII Says Federal Case Threatens Insurers’ Ability to Use Credit Information
Sep 26 2002 // A U.S. District Court ruling in a federal class-action lawsuit challenging Allstate Insurance Company’s use of credit data in underwriting and rating policies should be reversed because the suit distorts the...
CAIC Appeals to N.J. Consumers to Push for Auto Reform
Sep 26 2002 // The Coalition for Auto Insurance Competition (CAIC), an organization advocating reforms of New Jersey auto insurance laws, has begun launching television and newspaper ads in an effort to enlist consumer support for its...
Chubb, Hartford, Agree to $22M Settlement with Reno/Tahoe Int. Airport
Sep 26 2002 // Settling a four-year legal battle, The Chubb Group of Insurance Companies and The Hartford Insurance Company have agreed to pay Reno/Tahoe International Airport a total of $22 million for a flood insurance claim related to...
Oklahoma Issues Directory of Insurers
Sep 25 2002 // Insurance Commissioner Carroll Fisher announced the release of the Oklahoma Insurance Department’s 95th Annual Report and Directory. The 200-plus page book contains a list of every insurance company licensed to do...
Judge Rules ‘one occurrence’ for trio of Sept. 11 Insurers
Sep 25 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...
Primary Carriers Note Restrictions on Personal Lines Terrorism Reinsurance
Sep 25 2002 // Property & Casualty insurers are reporting that reinsurers are imposing a number of the same types of terrorism exclusions and limitations in personal lines that are being put into action for commercial lines. The...
Owner of Fort Worth’s Landmark Tower Sues Insurer
Sep 24 2002 // FWTX Building, the corporation that owns the Landmark Tower building in Fort Worth, which was severely damaged in a March 2000 tornado, recently sued the building’s insurance carrier for not providing coverage for...
NAII Pens Letter to Congress for federal terrorism reinsurance backstop
Sep 24 2002 // Insurance markets for terrorism coverage remain troubled particularly for commercial property, workers’ compensation and group life markets, according to the National Association of Independent Insurers (NAII)....
Weiss Reports P/C Insurers Post $5.5B Profit in 1stQ 2002
Sep 24 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...
Okla. Approves Three New Insurers
Sep 23 2002 // Oklahoma Insurance Commissioner Carroll Fisher has approved certificates of authority for three new insurance companies to operate in the state. He noted that more than 200 insurers have entered Oklahoma since he took...
Patriot Act Final Rules on Money Laundering Exempt P/C Insurers
Sep 20 2002 // The U.S. Treasury Department’s final rules on implementation of the USA Patriot Act exclude property/casualty insurers from specific sections of the law aimed at detecting terrorists’ money laundering schemes...
Alaska Privacy Regulation Does Not Comply with State Law
Sep 20 2002 // A proposed state privacy regulation does not comply with the enabling legislation, and therefore the state Insurance Division does not have authority to adopt the rule, according to the National Association of Independent...
Court Upholds Decision in Downs Workers’ Comp Case
Sep 19 2002 // The Texas Supreme Court denied a motion for rehearing in the case of Downs v. Continental Casualty Co., Cause No. 04-99-00111-CV, letting stand a previous decision in the case, which concerns the timing of a...
AIA: N.J. Auto Crisis Will Persist Despite DOBI Efforts
Sep 17 2002 // The New Jersey Department of Banking and Insurance (DOBI) has devised a program to assist the state’s auto policyholders find new coverage in light of State Farm Indemnity’s pending non-renewal of 4,000 polices...
