Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Deloitte Consulting Lists Top 10 Global
Jan 4 2002 // While wealth management is fairly advanced in the U.S., the funding of pensions will increasingly move from public to private pension providers for the rest of the world. Becoming more proficient at managing enterprise...
IRMI Supports Penn. Lawyers; Insurers to Blame for Malpractice Cost Rise
Jan 3 2002 // The International Risk Management Institute (IRMI) has issued a statement supporting the contentions of the Pennsylvania Trial Lawyers Association(PaTLA) that the insurance industry’s own business practices are...
Silverstein Files Suit against Travelers
Jan 3 2002 // World Trade Center leaseholder Larry Silverstein is pursuing the legal battle regarding property claims resulting from the Sept. 11 terrorist attack on the twin towers. World Trade Center Properties LLC, an affiliate of...
J.P. Morgan Chase Objects to Insurers Seeing Enron Details
Jan 3 2002 // J.P. Morgan Chase has filed an objection to a request by insurers who have reportedly refused to honor $1.1 billion in surety bonds and are requesting access to Enron Corp. financial records to see if energy contracts...
ISO to Offer Proof of Coverage Services to Workers’ Comp Insurers
Dec 31 2001 // In expanding its workers’ compensation services, Insurance Services Office Inc. (ISO) has signed a definitive agreement to enter into an exclusive and perpetual licensing arrangement with HNC Software Inc. to offer...
INSURERS TO RESOLVE 9/11 DISPUTES
Dec 24 2001 // A number of major U.S. insurance companies 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 Inter-Insurer...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Congressional Stalemate Could Slow Down Economic Recovery
Dec 24 2001 // The political stalemate that resulted in Congress’ failure to implement a federal terrorism insurance backstop could stifle an economic recovery and shifts the pressure for handling such risks to state regulators....
Nekema, InsurePoint.com Finalize Merger
Dec 24 2001 // New Jersey-based Nekema Inc. and Ohio-based Insure-Point.com Inc. finished up plans to merge before the end of the year. Company officials recently announced that the newly combined company will operate under the Nekema...
Bush Signs 2002 Transportation Bill: NAFTA Safety Mandates Meet Insurers Expectations
Dec 21 2001 // The National Association of Independent Insurers (NAII) is pleased that HR 2299, the Department of Transportation and Related Agencies Appropriations Act, 2002 recently signed by President Bush provides funding to...
Insurers Lament Senate Inaction on Crucial Federal Terrorism Insurance Legislation
Dec 21 2001 // The push to enact federal terrorism insurance before the end of the year failed on Dec. 20 after promising Senate legislation was held hostage because some provisions ran contrary to the trial lawyer’s agenda,...
New York Attack Caused Record Losses for Property Insurers
Dec 21 2001 // Initial Swiss Re estimates say that 2001 was a very costly year for property insurers. In a PRNewswire report, man-made and natural catastrophes claimed more than 33,000 lives worldwide in 2001, with the direct financial...
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),...
