Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Media Liability Claims: Tricky, Expensive and Evolving
Aug 13 2001 // Oprah Winfrey may be the queen of talk show TV and the ruler of her own media/entertainment universe, but that didn’t keep her from being dragged into court, accused of libeling the beef industry in one of the most...
Commentary: Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 13 2001 // In the short term, it’s extremely difficult to predict whether a stock will go up or down. The many factors involved are open to widely varied interpretations. Trends in a given sector can be spotted over time, but...
AIA Disagrees with NY Assembly’s Refusal to Extend Insurance Laws
Aug 9 2001 // The New York State Assembly’s decision to allow crucial sections of the state insurance law to expire is bad news for consumers, according to the American Insurance Association (AIA). These actions cancel the few...
Insurers to Pay Out $99.25M for Crane Accident
Aug 9 2001 // A Milwaukee judge’s ruling decreed that five insurers of the Miller Park construction project are liable to pay $99.25 million in damages from a crane accident that killed three ironworkers, according to an...
Insurers To Be Reimbursed for Cerro Grande Fire Claims
Aug 9 2001 // The federal government is working to reimburse insurance companies for all claims they paid to their customers for damage caused by the Cerro Grande fires in New Mexico last year. Payments are expected to begin in January...
ERIE Selects DWL to Provide Transactional
Aug 8 2001 // DWL Incorporated, a provider of transactional e-solutions, announced Erie Insurance Group has selected its solution. DWL will provide ERIE with industry-specific portals and a transactional CRM application to create a...
Calif. Commissioner Calls for Community Investment Goal
Aug 8 2001 // California Insurance Commissioner Harry W. Low has called on insurance companies doing business in California to invest in low-income communities. Low also asked insurance companies to establish an annual community...
Mediator Named in Mold Case; Farmers Pulls Plugon HO-B Policies
Aug 6 2001 // A Travis County judge has named Austin lawyer and former Texas Supreme Court candidate Karl Bayer to mediate a settlement in a mold-related lawsuit in which the jury slapped Farmers Insurance Group with a $32 million...
Trade Associations React to AIA’s Support of Federal Chartering
Aug 6 2001 // The Alliance of American Insurers, the NAII and the NAMIC are among industry trade associations that have publicly reacted to the American Insurance Association’s (AIA) endorsement of an optional federal chartering...
Agents and Coverage Opinions
Aug 6 2001 // Insurance intermediaries—agents, brokers, and the like—do all sorts of things for their customers and clients. They help them select coverages. They help select insurers. They shop for price. They prepare applications....
Media Liability Claims: Tricky, Expensive and Evolving
Aug 6 2001 // Oprah Winfrey may be the queen of talk show TV and the ruler of her own media/entertainment universe, but that didn’t keep her from being dragged into court, accused of libeling the beef industry in one of the most...
Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 6 2001 // It’s extremely difficult to predict whether a stock will go up or down-more so in the sort term. Too many factors involved, which are open to widely varied interpretations. Trends in a given sector can be spotted...
Court Affirms Noninsured Can’t Sue Insurer for Alleged Negligence to Policyholder
Aug 3 2001 // The California Court of Appeal has affirmed a ruling that a person not covered by an insurance policy cannot sue the insurer for alleged negligence for delaying payment to the person who is insured. The ruling in Adelman...
IIAA Tells Congress Auto Insurance Over-Regulated in Certain States
Aug 2 2001 // The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA)...
Conning & Co. Study Says Auto Insurers are Paying Closer Attention to Credit Scores
Aug 2 2001 // Auto insurers are looking at more than a consumer’s driving record when determining rates; they are also examining how drivers manage their finances, according to a recent Conning & Company study. Auto insurers...
Insurers Paying Claims for Losses of Medical Marijuana
Aug 1 2001 // According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the...
UNISYS to Offer Commercial Insurers Risk
Jul 31 2001 // Unisys Corporation announced that it has established an Internet-based Risk Trading Exchange for the global insurance/reinsurance marketplace. Enabling all market players to access and transact numerous types and classes...
Auto Insurer Must Return Profits
Jul 31 2001 // New Jersey auto insurer the Prudential Group was ordered last week to refund $25.1 million on 325,000 auto policies in the state because the company’s auto business received more profit than the law allows. The...
Fewer Storms in 2Q Amount to Major Losses for Insurers
Jul 30 2001 // Sometimes less does mean more. While there were fewer catastrophes for the second quarter of 2001 compared to recent years, the damage that those left in their wake was enough to send a number of insurers scrambling to...
AIA’s Endorsement of Optional Federal Charter Plan Prompts Flurry of Responses from Associations
Jul 30 2001 // In an announcement released July 17, the American Insurance Association (AIA) Board of Directors stated that it has formally endorsed draft legislation that would establish an optional federal chartering structure designed...
