Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Enron’s Crash Radiates in All Directions, Implications for Insurers
Jan 28 2002 // “Bankruptcy” and “Chapter 11” are inadequate terms to describe the carnage left in the wake of Enron’s collapse, which affected the lives of thousands of people, numerous banks and dozens of...
INSURER EXITS CALIF. HOMEOWNERS
Jan 28 2002 // According to the Los Angeles Times, after a threeyear experiment, California-based 21st Century Insurance has decided to stop selling homeowners insurance in the state. Instead, 21st Century will refer customers to...
Rising Prices Hit Commercial Property Market
Jan 28 2002 // Dire predictions have been floating around since September 11 regarding the availability and pricing of insurance coverage for commercial property, largely due to the issues surrounding terrorist exclusions and whopping...
E&S Lines Basking in the Warm Glow of a
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Communicating Effectively with Your Wholesaler
Jan 28 2002 // The managing general agent (MGA) has long been a part of the insurance sales process—but still remains a mystery to many insurance professionals. A working knowledge of MGAs will lead to a beneficial and profitable...
Communicating Effectively with Your Wholesaler
Jan 28 2002 // The managing general agent (MGA) has long been a part of the insurance sales process—but still remains a mystery to many insurance professionals. A working knowledge of MGAs will lead to a beneficial and profitable...
Agents’ Credit-Based Insurance Score Bill Introduced in Missouri
Jan 25 2002 // A bill supported by some Missouri insurance agents that puts certain restrictions on how insurance companies use credit-based insurance scores has been introduced in the House. National Association of Independent Insurers...
Bills Restricting Use of Credit-Based Insurance Scores Introduced in Wash.
Jan 24 2002 // According to the National Association of Independent Insurers (NAII), companion bills severely restricting insurers’use of credit-based insurance scores have been introduced in the Washington State House and Senate....
NAII Says 4 Ind. Bills Would Unfairly Hamper Insurance Scoring Practices
Jan 23 2002 // Proposed laws that severely limit or ban the use of credit-based insurance scoring-which could result in higher rates for most consumers — are gaining momentum in the Indiana Legislature. Senate Bill 409, which would...
Study Explores Insurer Savings through Focus
Jan 23 2002 // A report in P.R. Newswire said the U.S. property & casualty insurance industry — suffering from declining investment returns and unprecedented claims from the Sept. 11 terrorist attacks — could retain $30...
Ianet, Scene Genesis Form Partnership
Jan 21 2002 // IAnet, the nationwide network of independent adjusters, appraisers, and insurance claims professionals, is bringing property & casualty (P&C) insurance companies electronic access to its 1,500-member network as...
Conning and Co. Reports P/C Insurer Reserves Inadequate to Cover Rising Cost of Claims
Jan 18 2002 // According to a Business Wire report, insurers will have to strengthen their loss reserves in order to be able to meet future claims, as stated in a new Conning & Company study. Though property-casualty rates have been...
Insurers gain time in JP Morgan suit on surety bonds
Jan 16 2002 // According to Reuters, a number of U.S. insurers have gone forward in their legal duel with J.P. Morgan Chase & Co. Inc., claiming they do not have to pay up on $1.1 billion of surety bonds related to the fall of...
Insurers Urge DOT to Add the ‘Nuts and Bolts’ to Operational Plan
Jan 16 2002 // The National Association of Independent Insurers (NAII) has reiterated its support for the U.S. General Accounting Office’s (GAO) call for the Department of Transportation (DOT) to develop a detailed, operational...
Financial Failure Hits 40 Insurance Companies
Jan 15 2002 // Results released from Weiss Ratings Inc.indicate that, even with a recession, only 40 insurance companies failed in 2001, a modest 5 percent gain over the 38 failures recorded in 2000. However, according to a Business Wire...
NAII Approves NH Insurer Confidentiality Bill
Jan 14 2002 // The National Association of Independent Insurers (NAII) has thrown its support behind pending legislation in New Hampshire designed to protect the confidentiality of insurance company audit information from third...
Without Terrorism Exclusions, Surplus Lines Insurers Hold Out Lifeline to Calif., N.Y. Businesses
Jan 14 2002 // AccordingSurplus lines insurers may offer hope for businesses to remain insured in those states, like California and New York, that are refusing to allow insurers to exclude terrorism risks in commercial insurance...
TDI Proposes Mile-Based Auto Insurance Rules
Jan 14 2002 // In late December 2001, the Texas Department of Insurance proposed rules that would allow auto insurers to voluntarily offer mile-based insurance rates to those consumers who drive less often than others. The proposed...
Study Analyzes Effects of 9/11 on Nationwide Workers’ Comp Insurers
Jan 11 2002 // According to a Standard & Poor’s study released Jan. 9, the effects of the Sept. 11 attacks are taking a toll on workers compensation insurers. Rates are ready to rise and it has become increasingly difficult...
Reports Says, Despite Insurer Efforts, Fraud is Still a Serious Problem
Jan 11 2002 // An Insurance Research Council (IRC) and Insurance Services Office Inc. survey shows that insurers of all sizes consider fraud “a serious problem.” According to a PRNewswire report, more than one-third of...
