Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
HOLOCAUST LAW QUESTIONED
Oct 29 2001 // A California law enacted in 1999 requiring that insurance companies turn over information related to European insurance policies or face loss of their licenses has been ruled an unconstitutional violation of due process,...
Federal Government, Insurers Debate Plan to Cover Future Terrorist Acts
Oct 29 2001 // The push is on for creation of a federal plan to deal with future terrorist attacks. The Bush Administration has come up with an alternative to the insurance industry’s initial proposal, which called for a terrorist...
China Grants 8 New Approvals to Insurers
Oct 26 2001 // According to a report from China’s official Xinhua News Agency, monitored by the BBC, eight insurance companies have received approvals from the Chinese government to begin operations, and/or to expand current...
Technical Change Would Improve Michigan’s Workers’ Comp System
Oct 26 2001 // A proposed change in the laws governing insurer payments to Michigan’s Second Injury Fund would not reduce benefits for injured workers, while improving the overall business climate of the state, according to the...
Consumer Federation’s Terrorism Insurance Plan Based on ‘Wishful Thinking’
Oct 26 2001 // A proposal to establish a federal terrorism reinsurance program offered by the Consumer Federation of America (CFA) is based on faulty assumptions and wishful thinking, according to the National Association of Independent...
Insurers to Discuss Global Regs, Accounting Standards, Privacy at IIC Roundtable
Oct 25 2001 // Private insurers face new challenges as supervisors and standard-setting bodies around the world work to develop and implement international standards to improve trade and financial stability in a weakened global economy,...
S&P: Maintenance of Ratings Depends on Mitigating Terrorism Risks
Oct 24 2001 // Wholesale withdrawal from terrorism coverage is shielding the U.S. insurance industry from widespread rating actions following the September attacks, but it leaves U.S. commerce highly vulnerable to any future acts of a...
NAIC Meets in Washington to Discuss Sept. 11 Aftermath
Oct 24 2001 // Six weeks following the attacks on New York and Washington, insurance companies and regulators are still working on a plan to make sure future terrorist strikes are covered. According to a report in the South Florida...
Insurer Seeks Washington State Permission to Exclude Terrorism Acts
Oct 24 2001 // Philadelphia-based Ace USA is seeking permission from the Washington State Insurance Commissioner to exclude acts of terrorism from the policies it issues to businesses. According to a report in The Seattle Times, the...
Penn. Court Rules Long-term Pollution Case Against Insurers Should Proceed
Oct 23 2001 // The Pennsylvania Supreme Court has reversed a lower court decision which had barred an action against Liberty Mutual and other insurers brought by Sunbeam Corp. and a number of other plaintiffs, seeking to recover claims...
Christie, Pabarue Insurance Attorney: Insurers Should Beware When Paying Sept. 11 Claims October 23
Oct 23 2001 // In the aftermath of Sept. 11, many insurance companies made announcements that they would forego consideration of their policies’ “war risk” exclusion to World Trade Center-related claims. The insurers...
Property Insurers to Exclude Acts of Terrorism, and to Price Premiums for Larger Maximum Losses Oct
Oct 22 2001 // Property and Casualty insurers, already wary of terrorism before the September 11 attack, are very likely to begin pricing “terrorist attack risk” separately from other coverages, according to a new forecast...
Colorado Split on Requesting Information from Largest Workers’ Comp Insurer
Oct 22 2001 // Colorado legislative leaders were split down the middle this week on whether to seek confidential financial information from the state’s largest workers’ compensation insurer to see if the operation could be...
NAII Suggests Changes to Texas Mold Proposal for HO Policies
Oct 22 2001 // In conjunction with the fourth and final hearing held by the Texas Department of Insurance (TDI) on issues surrounding the surge of mold claims in the state, the National Association of Independent Insurers (NAII)...
Fitch Outlines Plans to Resolve Sept. 11-Related Insurer Rating Watches
Oct 19 2001 // On Oct. 16, Fitch outlined the timing, process and determining factors that will affect the resolution of those ratings that were placed on Rating Watch as a result of Fitch’s review of insurance and reinsurance...
Ohio Department of Insurance Orders 23 P/C Companies to Pay Up
Oct 18 2001 // The Ohio Department of Insurance ordered 23 property and casualty companies to pay money owed to insurance customers and submit corrective actions plans after market conduct examinations revealed that the companies were...
IVANS Survey Finds Insurers Just Hitting Their Stride with Web
Oct 18 2001 // Even as “new economy” hype is receding into memory, insurance companies are finally hitting their stride in finding practical uses for Internet technologies, according to a recent “Emerging Strategies in...
NAII Comments on Veto of Calif. Workers’ Comp Bill, Other Enacted Legislation
Oct 18 2001 // The National Association of Independent Insurers (NAII) expressed satisfaction that for the third time in as many years, California Gov. Gray Davis vetoed a workers’ compensation reform bill that failed to adequately...
Insurers Seek to Keep Utah Workers’ Comp Fund from Selling Insurance in Idaho
Oct 18 2001 // A group of private insurers indicated they are supporting a move by the Idaho Department of Insurance to prohibit a subsidiary of the Utah Workers’ Compensation Fund (WCF) from selling insurance in Idaho and, they...
NYSID Warns Insurers to be Vigilant on Terrorist Accounts
Oct 17 2001 // Governor George Pataki and Insurance Commissioner Gregory V. Serio both reminded the insurance community that it is imperative to observe the restrictions contained in the Executive Order of September 24, blocking the...
