Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Weiss Ratings Says Domestic Insurers Report Net Claims of $8.5 Billion from Sept. 11 Attacks
Sep 4 2002 // The nation’s property and casualty insurers reported $8.47 billion in net claims (1) arising from the Sept. 11 terrorist attacks, according to research by Weiss Ratings Inc. Two groups of insurance companies,...
The Cincinnati Insurance Companies Named as Top Performer in Ward Survey
Sep 4 2002 // The Cincinnati Financial Corporation announced that the Ward Group has named The Cincinnati Insurance Companies as one of the nation’s top performers in both property casualty insurance and life and health insurance...
NAII Urges WV. DOI To Preserve Use Of Credit In Underwriting, Rating
Sep 4 2002 // The West Virginia Department of Insurance’s informational letter addressing credit-based insurance scoring in personal lines would severely restrict the use of a proven underwriting and rating tool, according to the...
Arizona 2002 Session Legislation Takes Effect This Week
Sep 3 2002 // Arizona property/casualty insurance laws addressing the use of credit information, new form filing and investment provisions, spiraling costs of construction defect litigation and minors’ seatbelt usage took affect...
EIGHT INSURERS EXPOSED TO WESTERN FIRE RISKS
Sep 2 2002 // In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings Inc. At year-end 2001, eight...
Adjusting Our Focus
Sep 2 2002 // It was a beautiful fall morning. I had been running late, and then had gotten lost in the rolling hills of Northern New Jersey on the way to a meeting, but the cool breeze brushed away my concerns. The meeting was a...
P&C Insolvency Exposure – 2001 to 2002
Sep 2 2002 // When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property and casualty insurance industry over the period Jan. 1,...
Adjusting Our Focus
Sep 2 2002 // It was a beautiful fall morning. I had been running late that morning and then had gotten lost in the rolling hills of Northern New Jersey on the way to a meeting, but the cool breeze brushed away my concern at being late....
P&C Insolvency Exposure – 2001 to 2002
Sep 2 2002 // When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property and casualty insurance industry over the period Jan. 1,...
DriverShield Contracts with Major Insurer
Aug 30 2002 // DriverShield Corp. of Ronkonkoma, N.Y. announced it has entered a contract with a major property and casualty insurer to test its online system for managing collision repairs for the insurer’s commercial...
Connecticut Issues Mold Guidelines for Insurers
Aug 29 2002 // The National Association of Independent Insurers (NAII) is pleased that the Connecticut Department of Insurance (DOI) took the lead and developed a uniform approach for insurers on the issue of mold and homeowners...
Twenty Carriers Sign On With IVANS Transformation Station
Aug 28 2002 // IVANS Inc. announced that 20 insurance carriers have now chosen its IVANS Transformation StationT data exchange platform. Those companies that have licensed the platform include Cincinnati Equitable Insurance Co., Donegal...
Texas House Insurance Committee Hears Testimony on Insurance Scoring
Aug 28 2002 // The National Association of Independent Insurers (NAII) was among those who testified at a recent hearing held by the Texas House Insurance Committee on the use of credit histories in rating insurance. Other insurer groups...
Demotech Rates Seibels Bruce’s Universal Insurance Company
Aug 28 2002 // The Seibels Bruce Group Inc., based in Columbia, S.C., announced that its subsidiary Universal Insurance Company (UIC) has received a 2002 Financial Stability Rating of “A” (Exceptional) from Columbus,...
Insurers Seek Higher Rates in Louisiana
Aug 26 2002 // At least eight insurance companies recently appeared before the Louisiana Insurance Rating Commission seeking rate increases on various lines, including medical malpractice, auto and property insurance, according to the...
PIFC, NAII Oppose CDI Proposal on Rate Regulations
Aug 21 2002 // The Personal Insurance Federation of California (PIFC) and the National Association of Independent Insurers (NAII) say they are opposed to a proposal by the California Department of Insurance (CDI) to change the current...
Groups Urge Regulatory Constraint at Fla. Mold Hearings
Aug 21 2002 // Both the American Insurance Association (AIA) and the Alliance of American Insurers urged Florida policyholders, insurers, and regulators to take a rational approach to mold issues at a recent hearing held by the...
AAI Rebuts WSJ Commentary Questioning Need for Federal Terrorism Backstop
Aug 20 2002 // David Farmer, senior vice president of federal affairs for the Alliance of American Insurers, has sent a letter to the editor of the Wall Street Journal. In it, he rebuts a commentary the newspaper published by Holman W....
Insurers Have Limited Exposure to East Europe Flood Claims
Aug 20 2002 // A number of European insurers and reinsurers have indicated that despite the widespread damages caused by the ongoing floods in Germany and Eastern Europe, their exposure to claims is limited. With analysts now increasing...
Lobbying Groups Gear Up for Legislative Session
Aug 19 2002 // Even though the next Texas legislative session is still months away, lobbying organizations with ties to insurance are polishing their strategies for influencing state lawmakers. Last month, the Austin American Statesman...
