Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
Carriers Under Fire’
Jun 24 2002 // As mentioned previously in this column, this year is gearing up to be an interesting one with respect to insurance and politics. And at least one industry group—carriers—are likely to feel rather embattled before the...
Sound Science, Not Lawsuits, Will Solve Mold Dilemma
Jun 24 2002 // Almost daily, media outlets around the country run stories on people getting sick or abandoning their homes because of mold. Schools, fire stations, court houses, private homes – any kind of building is seemingly at...
S.C. Legislative Session Ends with Good News for Insurers
Jun 21 2002 // The 2002 session of the South Carolina legislature wrapped up last week on a positive note for the insurance industry, which saw victories on issues including credit scoring, commercial modernization, and producer...
Judge Rules Insurers Can Question Willis on WTC Coverage Form Dispute
Jun 20 2002 // U.S. District Judge John Martin has ruled in favor of a motion filed by Travelers Property Casualty Corp. in the Swiss Re/Silverstein Properties lawsuit over the extent of coverage on the World Trade Center. The motion,...
A.M. Best Reports P/C Insolvencies Trends Continued in 2001
Jun 20 2002 // Thirty property/casualty insurers were declared insolvent in 2001, according to the special report, “P/C Industry—2001 Insolvencies,” just issued by A.M. Best Co. The same number of companies became...
PIFC, NAII Counter DMV’s Proposed Rate Hike for Records Access
Jun 20 2002 // A public hearing June 18 at California’s DMV headquarters to discuss proposed Department of Motor Vehicles (DMV) regulations to raise fees to access public drivers license information heard strong opposition from...
PIACT’s Company Performance Survey Evokes Responses from Insurers
Jun 17 2002 // James Pascarella, CPCU, President of the Professional Insurance Agents of Connecticut (PIACT) announced that the organization had received wide ranging responses from many insurers to its year long survey of independent...
Federal Driver License Standards Possible Asset for Auto Insurers
Jun 17 2002 // In addition to being a key element in national security, federal driver’s license standards being considered in Congress could have profound effects on auto insurance, according to the National Association of...
AAI Urges S.C. Panel Considering Building Codes to Include Insurer Voice
Jun 17 2002 // A state panel that will be considering changes to the South Carolina building code needs to balance the concerns of all stakeholders to create sound public policy decisions, according to the Alliance of American...
Insurers Praise NAIC’s Message to Feds on
Jun 14 2002 // The National Association of Insurance Commissioners (NAIC) sent a tough message to the Office of the Comptroller of the Currency (OCC) this week during its Functional Regulation Working Group meeting, reiterating that...
NAII Hosts Conference Addressing OFAC Regulation
Jun 14 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
NAII to Host Conference Addressing OFAC Regulation
Jun 13 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
S.C. Commissioner Unveils Credit Scoring Regulations
Jun 12 2002 // South Carolina Director of Insurance Ernst Csiszar has issued a bulletin stipulating under which circumstances credit scoring may be used to underwrite and rate auto insurance policies. Backed by the American Insurance...
NAII Says Surplus Lines Insurers Should Take Precedence Over Joint Underwriting Associations
Jun 10 2002 // Before creating joint underwriting associations to provide difficult-to-obtain insurance, such as for medical malpractice or nursing homes, state regulators should encourage coverage by surplus lines’ insurers. The...
IBA West Responds To Commissioner, Protects Role of Broker in Workers’ Comp.
Jun 10 2002 // IBA WEST has responded to a letter sent to the State Compensation Insurance Fund (SCIF) by California Insurance Commissioner Harry Low in the week saying the insurance regulator’s actions could send the state’s...
$2.7 Billion PPG Asbestos Settlement Puts New Pressure on Insurers
Jun 10 2002 // A year ago insurance consultants Tillinghast-Towers Perrin published a report that global claims settlements and jury verdicts in asbestos related cases could reach $200 billion from over a million claims “before...
Insurers & Contractors Trying to Nail DownProper Coverage
Jun 10 2002 // If you’re placing coverage for contractors, there are three factors that determine what obstacles you will encounter: location, location, location. The real question is whether it will stay that way or whether...
NBIS Contracts Program to Build Upon
Jun 10 2002 // From mold to construction defects, contractors and those who insure them can run into a mound of claims when building. One company who has stepped in to construct a program for contractors is Nevada-based National Builders...
Fake Stucco Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
