Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
NYSID Urges Assembly to Pass Risk Based Capital Standards for P/C Insurers
Mar 19 2002 // New York State Insurance Department Superintendent Gregory V. Serio urged the State’s Assembly to pass pending legislation which would extend the use of Risk Based Capital standards to property/casualty insurers. The...
Taiwan’s Insurers May Face Reinsurance Problems Says SP
Mar 19 2002 // Standard & Poor’s warned that Taiwan’s property and casualty insurance sector is “likely to face a tough year in 2002 due to hardening rates and structures offered by the global reinsurance market...
Gallant and Valor Ordered into Conservation in Ill.
Mar 19 2002 // Illinois Insurance Director Nathaniel Shapo announced that he obtained an Order of Conservation against Gallant and Valor Insurance Companies on Feb. 25, following the Department of Insurance’s determination that...
Wyo. Special Session Ends on Good Note for Insurers
Mar 19 2002 // Only a handful of insurance-related bills made it through Wyoming’s special legislative session, which ended last week. “Since this session was designed as a special budgetary session, it’s no surprise...
Conning & Co. Study Shows E-Business Coverage Risks Can Outweigh Rewards for Insurers
Mar 19 2002 // Businesses’ increased use of the Internet is making for a substantial growth opportunity for the emerging e-business insurance market, but e-business insurance may not be a good market for every insurer, according to...
NAMIC Unveils Recommendations for Analytical Approach to Market Regulation
Mar 18 2002 // The National Association of Mutual Insurance Companies (NAMIC) will propose 12 market regulation recommendations that state insurance regulators should incorporate as they develop a more analytical approach to market...
Insurers’ Efforts to Protect Consumers Partially Successful in Utah Legislative Session
Mar 18 2002 // Insurers’ major efforts in the recently concluded Utah legislative session were devoted to benefiting consumers by preserving the use of credit-based insurance scores and to soften harmful aspects of other bills....
Three Insurers Join Trusted Choice National Branding Initiative
Mar 15 2002 // Ohio-based Central Insurance Companies, California Insurance Group and Cascade National Insurance, all regional insurance providers, are the newest company partners for Trusted ChoiceSM—the Independent Insurance...
NAII Testifies In Opposition to Calif. Accident History Regulation Proposal
Mar 15 2002 // A proposed regulation that would restrict an insurance company’s access to information about accident history would make it difficult for California carriers to be certain that an individual is entitled to a good...
PA Trial Lawyers Attack Medical Society Links with Med Mal Insurer
Mar 13 2002 // As the battle over medical malpractice insurance reform resumes in Harrisburg, the Pennsylvania Trial Lawyers Association (PTLA) issued a press release which revealed that the Pennsylvania Medical Society (PMS) controlled...
P&C Insurers Find 2001 Most Expensive Year
Mar 13 2002 // According to a report released by the Insurance Services Office (ISO), U.S. property and casualty insurers paid $24 billion in claims for 2001—the largest amount ever—mainly a result of the terrorist attacks on...
OPTIS Partners Formed to Help Agencies and Insurers Optimize Performance and Financial Results
Mar 12 2002 // OPTIS Partners, LLC, a consulting firm that works with agencies, brokers and insurers to optimize performance and financial results, has been formed by four of the industry’s most experienced senior...
Proposed N.J. Regulation Offers Relief on Excess Profit Rule
Mar 11 2002 // The New Jersey Department of Banking and Insurance is proposing a regulation (PRN2002-103) that would change the way insurers calculate profits on personal automobile insurance. New Jersey statutes establish a reasonable...
Utah Legislature Passes Bill Allowing Credit-Based Scores for Underwriting and Discounts
Mar 11 2002 // Legislative action was completed March 6 on Utah House Bill 110 after the bill was amended to allow insurers to use credit-based insurance scores for initial underwriting in auto insurance. On rates, the bill still allows...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
INSURERS WANT OUT OF ENRON CONTRACTS
Mar 11 2002 // Eleven major insurers are trying to find a way out of their respective Enron-related contracts to avoid potentially huge payouts related to the former energy giant’s collapse. The companies cite deception with...
Revolution or Evolution’ The Internet Goes Mainstream
Mar 11 2002 // At last, the gap between potential and reality is shrinking as agents explore their online options. The insurance industry is notoriously reluctant to change. So it was little surprise that the Internet—a tool that has...
AIG Wants End to FAA’s War-Risk Coverage for Airlines
Mar 11 2002 // Maurice Greenberg, chairman and CEO of American International Group Inc., has undertaken efforts to persuade the Federal Aviation Administration to stop providing war-risk insurance for ground damage to U.S. airlines,...
Revolution or Evolution’ The Internet Goes Mainstream
Mar 11 2002 // At last, the gap between potential and reality is shrinking as agents explore their online options. The insurance industry is notoriously reluctant to change. So it was little surprise that the Internet—a tool that has...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
