Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Kemper Insurance Companies Receives Torch Award
Dec 20 2001 // As a result of its strong focus on business ethics, the Kemper Insurance Companies was recently awarded the Chicago Better Business Bureau’s fifth annual Torch Award for Marketplace Ethics. The award was given in the...
Scottsdale Insurance Company Implements Extreme Networks Solutions
Dec 19 2001 // California-based Extreme Networks Inc. announced that Scottsdale Insurance Company, a part of Nationwide® company, and a provider of excess and surplus (E&S) insurance, has implemented Extreme Networks’...
Insurers Likely to Clean up Balance Sheets
Dec 18 2001 // The industry compiled a continuation of weak underwriting results in the third quarter of 2001, as catastrophic losses from the Sept. 11 terrorist attacks erased the industry’s earnings for the year, according to a...
South Dakota Department to Approve Insurers’ Requests
Dec 18 2001 // Responding to insurers’ concerns over the future availability of reinsurance coverage for terrorism, Darla L. Lyon, director of South Dakota’s Division of Insurance, announced the department will approve...
Nevada Amendments Could Hurt Drivers
Dec 17 2001 // According to the National Association of Independent Insurers (NAII), several amendments the Nevada Division of Insurance is considering to underwriting and rating regulations would hurt consumers who find it difficult to...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Insurers, Affiliates Look to Resolve Disputes
Dec 13 2001 // At least nine insurers and their affiliates will try to avoid court over claims related to the Sept. 11 terrorist catastrophe, instead looking to resolve disputes through voluntary negotiation and mediation. The CPR...
Global Insurance Solutions Launched to Serve Troubled Insurers
Dec 12 2001 // Insurers challenged by large losses, and limited investment returns have a new resource to use in their battle to remain profitable. Steven L. Salman, and the law firm of Shugart, Thomson, & Kilroy, P.C. (STK),...
Major Insurers Agree to Resolve Sept. 11 Disputes
Dec 11 2001 // A number of major U.S. insurance companies have agreed to resolve inter-insurer disputes in relation to the Sept. 11 acts of terrorism through unfacilitated negotiation and mediation, rather than in court. The CPR...
California Drivers to See Some Auto Rate Increases in the New Year
Dec 10 2001 // Auto insurers across the state are making a beeline for Sacramento with their Christmas wish list for rate hikes following several years of rate cuts for California motorists. Those insurers who were chopping rates two or...
S&P’s Doesn’t See Enron Bankruptcy Having Negative Impact on Ratings
Dec 7 2001 // The direct exposure of U.S. insurers’ asset portfolios to securities issued by Enron Corp. (Enron) and its affiliates, estimated at more than $3.5 billion as of this date, is not likely in itself to have a negative...
NAII Defends Insurers’ Use of Credit-Based Insurance Scores
Dec 6 2001 // According to National Association of Independent Insurers (NAII) Northwest Regional Manager Michael Harrold, insurance companies’ use of credit information clearly benefits most consumers, in terms of both price and...
Calif. Industry Said to Be Prepared for Future Disasters
Dec 6 2001 // Representatives of the insurance industry testified Wednesday before the California Assembly Insurance Committee concerning insurance and reinsurance after the attack on America. They noted that the Sept. 11 attack was...
Fitch Report Paints Bleak Picture for PnC Insurers
Dec 4 2001 // Fitch published a review of the nine-month 2001 reported GAAP results for the larger property/casualty insurers to assess operating performance thus far this year and to get an early indication of results for full-year...
Texas Homeowners Market Tightens As More Carriers Withdraw
Dec 3 2001 // Two more insurance carriers, Union Standard and Ohio Casualty, have announced their withdrawal from personal lines in the Texas market, according to the Independent Insurance Agents of Texas (IIAT). Union Standard’s...
Financial Keyosk Allows Agents to Tap Into Sales of Financial Services
Dec 3 2001 // Financial Keyosk, a growing online financial services solution providing assistance to agents, has come on the scene with the goal of helping agents obtain carrier markets, expand products and make their businesses run...
INSURERS WANT TERROR EXCLUSIONS
Dec 3 2001 // In the wake of the Sept. 11 terrorism attacks, insurance companies have begun seeking permission from state regulators to exclude terrorism coverage from a number of policies in 2002, including home, auto and life....
Idaho Hearing Officer Rejects Petition
Nov 28 2001 // A hearing officer appointed by the Idaho Department of Insurance (IDI) has rejected a petition to allow competing insurance companies and trade associations to intervene in a license hearing for Advantage Workers...
AIG, Chubb, Goldman Sachs Establish New $1.5 Billion Bermuda Insurer
Nov 27 2001 // American International Group and Chubb Corp. have joined with GS Capital Partners 2000, L.P., an investment fund managed by Goldman Sachs & Co.to establish Allied World Assurance Holdings Ltd. with a total equity...
AUGIE Aids in Survey to Determine Needs of Agents
Nov 27 2001 // The ACORD User Groups Information Exchange (AUGIE) has been working with insurance companies, vendors and the national agency management system user groups to develop a comprehensive survey in an effort to determine what...
