Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Hardening Market Heralds Rush to Alternatives
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Commentary: Purchasing Insurance for Mexico
Nov 12 2001 // Tourists, property owners and businesspersons who drive, own homes, or operate businesses or subsidiaries in Mexico need to properly protect their assets south of the border. It is ironic that most agents place insurance...
Aon, Zurich to Sponsor New Bermuda Insurer
Nov 8 2001 // Aon Corp. and Zurich Financial Services will sponsor and partially fund, Endurance Specialty Insurance Ltd., a new Bermuda-based insurance capacity vehicle with an initial capitalization of $1.2 billion. Each of the...
NAII Board of Governors Elect GEICO’s Nicely Chairman
Nov 8 2001 // Tony Nicely, chairman, president and CEO of GEICO, was elected chairman of the National Association of Independent Insurers board of governors on Nov. 7 during the association’s annual meeting in New Orleans. Nicely...
German Gov’t. To Ease Asset Value Rules for Insurers
Nov 7 2001 // The German government has introduced legislation designed to ease the rules on the valuation of their equity investments for German insurers, who have been exposed both to increased claims resulting from the Sept. 11...
Industry Pays First $10 Billion of Future Terror Claims in Latest Fed Plan
Nov 5 2001 // The Bush administration and Congressional leaders hammered out a new version of a plan to provide reinsurance assistance to the U.S. insurance industry in the wake of the September 11th terrorist attacks, although...
Could What You Don’t Know About Reinsurance Bankrupt Your Business’
Nov 5 2001 // Many of today’s most well-informed insurance professionals do not possess a basic understanding of the reinsur-ance industry, according to reinsurance expert Andy Barile. Independent agents must in-crease their...
Gender Rating Explored in Kentucky
Nov 5 2001 // If gender is eliminated from the factors Kentucky insurers use to determine auto rates, youthful female drivers state-wide would pay 6.8 percent more for their auto insurance premiums, according to a recent study. The...
Commentary: Purchasing Insurance for Mexico
Nov 5 2001 // Tourists, property owners and businesspersons who drive, own homes, or operate businesses or subsidiaries in Mexico need to properly protect their assets south of the border. It is ironic that most agents place insurance...
Acceptance Insurance Companies Reports Losses
Nov 2 2001 // Iowa-based Acceptance Insurance Companies Inc. reported an after-tax net loss of $9.5 million, or $0.66 per share, for the third quarter of 2001. The company’s continuing crop insurance operations generated an...
Industry Weathering World Trade Center Losses, Uncertainties Remain
Nov 1 2001 // Despite the record losses terrorism wreaked on the insurance industry since the Sept. 11 attacks on the World Trade Center, the global insurance business not only remains on solid footing with the powerful backing of...
Swiss Re Study Says It’s Back-to-Basics Time for Non-Life Insurers
Oct 31 2001 // The latest in Swiss Re’s authoritative sigma studies examines the profitability of the non-life insurance market in the G7* countries and concludes that the industry needs to concentrate on improving underwriting...
NAII’S Golden Featured Speaker at Indoor Air Quality Conference on Mold
Oct 30 2001 // Removing the hype from the issue of mold and indoor air quality is like removing a source of moisture from mold spores. Without the hysteria surrounding this issue, the financial incentives that feed unscrupulous...
Penn. Supreme Court Affirms Fraud Ruling for Insurers
Oct 29 2001 // Pennsylvania’s Supreme Court has affirmed a lower court judgment reinstating a verdict in favor of the Home Insurance Co. and certain London Market Insurers, voiding the policy of the Rohm & Haas Company,...
Ohio Insurance Dept. Appeals Court Ruling on Failed Companies
Oct 29 2001 // Ohio Department of Insurance (ODI) filed an appeal with the Ohio Supreme Court requesting a hearing on the department’s appeal of the Tenth District Ohio Court of Appeals’ ruling on the distribution of assets...
CIGA Bill Gets Approval in Calif. Legislative Session, SB 71 Falls Short
Oct 29 2001 // As the California Legislature wound up its 2001 session in mid-September, two workers’ compensation-related bills awaited their fate on the desk of Governor Gray Davis. AB 1183: CIGA Premium Surcharge In the case of...
Analysts Weigh Impact of Sept. 11 Attacks on Insurer Ratings
Oct 29 2001 // How would Sept. 11’s terrorist attacks impact insurers? This was the overwhelming question facing analysts at insurance rating bureaus in the U.S. following the disastrous series of events. In response, analysts...
Time-Tested Lloyd’s Turns to Address U.S. Disaster Losses
Oct 29 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, has set about dealing with the aftermath of the terrorist attacks of Sept. 11. Two weeks after the event, it released its projected net loss...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
SURVEY FINDS INSURERS USING WEB
Oct 29 2001 // Insurance companies are finally hitting their stride in finding practical uses for Internet technologies, according to a recent “Emerging Strategies in Insurance & Technology” survey sponsored by IVANS...
