Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Nev. Commissioner Says She Can’t Make Insurers Operate at a Loss
Mar 6 2002 // Nevada Insurance Commissioner Alice Molasky-Arman said during a hearing March 4 on the malpractice crisis that she can’t make insurers do business at a loss, according to the Associated Press. Molasky-Arman commented...
French Insurer’s Net Profit Drops by Half in 2001
Mar 5 2002 // According to a report by the Associated Press, French insurer Axa SA’s net profit will decrease to 1.2 billion euros (about $1 billion), more than half in 2001, as quoted by Chairman Henri de Castries in the French...
Insurers Want Out of Enron Contracts
Feb 28 2002 // Eleven major insurers are fighting to remove Enron from their contracts, as the scandal related to the company’s bankruptcy has been embedded with allegations of deception and fraud in relation to financial...
NAII Says Alerting Calif. Data Reporting Requirements Would Invade Privacy
Feb 28 2002 // According to the National Association of Independent Insurers (NAII), proposed amendments to California’s data reporting regulations would continue to infringe on consumer privacy and impose an unfair financial and...
Neb. to Disapprove Terrorism, Nuclear Exclusions in Personal Lines
Feb 27 2002 // The Nebraska Insurance Department announced it will disapprove terrorism exclusions in personal lines insurance, including exclusions for nuclear and bio-terrorism risks. National Association of Independent Insurers (NAII)...
Royal Insurance, St. Paul Mercury Insurance Seek to Cancel Enron Coverage
Feb 25 2002 // Two insurance companies are moving to revoke coverage for directors and officers of Enron Corp. in a federal bankruptcy court in New York because they charge the Houston energy trader misled them, according to the...
ISO Launches State Filing Handbook and Forms on ISONET
Feb 25 2002 // Insurance Services Office, Inc. (ISO) has announced the availability of its authoritative guide on state insurance laws and regulations, State Filing Handbook & State Filing Forms, on ISOnetSM, ISO’s secure...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Analysts and CEOs See Eye-to-Eye at P/C Joint Industry Forum
Feb 25 2002 // Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the...
A.M. Best: Enron Bankruptcy Costs Insurers More than $3 Billion
Feb 25 2002 // According to a new report by A.M. Best, the bankruptcy of Houston-based energy trader Enron Corp. has affected the investment portfolios of a number of insurers. As of Sept. 30, 2001, the affected companies had more than...
Analysts and CEOs See Eye-to-Eye at P/C Joint Industry Forum
Feb 25 2002 // Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the...
Texas Gubernatorial Hopefuls Target Homeowners Insurance
Feb 25 2002 // Two Texas gubernatorial candidates—current Republican governor, Rick Perry, and Tony Sanchez, who’s seeking the Democratic spot on the ballot next November—announced separately that they want to investigate and...
The View from Up There-Insurers Embrace Space Age Technologies
Feb 25 2002 // In the summer of 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately $244,000. Key evidence in the lawsuit—filed on behalf of the...
Caught in the Middle: When Agent Representations Lead to Liability
Feb 25 2002 // Questions often arise as to the context and circumstances in which an agent can be liable for misrepresenting coverage, or failing to obtain adequate or appropriate coverage for a customer. When an “all-risk”...
The Politics of Mold
Feb 25 2002 // The politicians have gotten into the fray. Sounding off on the twin issues of severe rate hikes for homeowners insurance and the scourge of mold/water damage claims that insurers insist are threatening their very existence...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
NYSID Issues Guidelines for Insurers on CPA Consulting Payments
Feb 22 2002 // Superintendent of Insurance Gregory V. Serio announced that the New York State Insurance Department has issued guidelines for the insurance industry concerning the disclosure of consulting work performed by independent...
Insurers Applaud NAIC for Joining Fight Against OCC Attempt to Preempt State Regulation
Feb 21 2002 // Insurers praised the recent decision by the National Association of Insurance Commissioners’ (NAIC) Functional Regulation Working Group to file an amicus brief against the Office of Comptroller of the...
ISO, Seisint to Provide Accurant Products to Insurers to Fight Fraud
Feb 21 2002 // Insurance Services Office Inc. (ISO) and Seisint, Inc. announced a licensing agreement to provide insurers’ claims and special investigation units (SIUs), and subrogation personnel access to a wide range of public...
Wash. House And Senate Approve Bills Restricting Insurer Use of Credit Scores
Feb 21 2002 // Two measures approved over the weekend by the Washington State House and Senate restricting insurers’ use of credit scores could result in higher rates for the majority of policyholders, the American Insurance...
