Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
CA Supreme Court Reaffirms: 7 Years After Northridge, Insurers Can Be Sued
Nov 26 2001 // The California Supreme Court recently upheld the new law that insurance companies can be sued for their failure to cover damage that their adjusters mistakenly overlooked, even when the legal deadlines for such lawsuits...
Are Insurers Really Asking the Governmentfor Help’
Nov 26 2001 // The term “Big Brother” has been tossed around casually since George Orwell introduced the term to the world in his novel, 1984. The concept of big government looking over the shoulder and into the bedrooms of...
Is an ’80s Revival in Store for Public Entities
Nov 26 2001 // The insurance market for pubic entities—municipalities, counties, school districts, etc.—seems to be headed for an ’80s revival, but unfortunately nostalgia can’t be attributed as the driving force. This...
Warrantech Corp. Enters Letter for Payment of Certain Reliance Claims
Nov 21 2001 // Warrantech Corporation, a provider for providing service contracts and aftermarket warranties has entered into a letter of intent with its current insurance company for a financial arrangement that will allow Warrantech...
SEEC Inc. Introduces Solution for industry
Nov 21 2001 // SEEC, Inc., a provider of business-to-business solutions for insurance and other industries, has introduced Axcess(TM) for Insurance, an agent self-service solution that allows a carrier’s agents to quote, underwrite...
NAII Encourages Calif. Supreme Court to Protect Insurers’ Competitive Edge
Nov 19 2001 // Two conflicting California appellate court decisions have insurers questioning whether the community service statements they must file are subject to public disclosure rules under the California Public Records Act. At...
NYSID, Insurers To Hold Forum on WTC Claims
Nov 19 2001 // The New York State Insurance Department and a number of leading insurance companies will hold an information forum for residents and business owners affected by the World Trade Center disaster at 6:00 PM today in The...
Gerald Fels Elected President, COO, CFO of Insurers Commerce and Citation
Nov 19 2001 // The Directors of the Commerce Insurance Co. and Citation Insurance Co., the Massachusetts-based subsidiaries of Commerce Group, Inc. have elected Gerald Fels as President, COO and CFO. Fels, a 26-year veteran with...
