Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AIA Heralds New Era in Privacy Protection
Jun 28 2001 // The American Insurance Association (AIA) hailed the beginning of a new era in consumer privacy protection, confirming that insurers already have measures in place to comply with the new privacy regime resulting from the...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jun 27 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
Jury Sends Message to Insurance Industry in Toxic Mold Case
Jun 25 2001 // A recent jury decision should put up red flags for insurers: Take care of toxic mold claims adequately and promptly, or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a...
Banning Major Earthquakes-A Savvy, Market-Saving Move
Jun 25 2001 // Apparently, we’ve licked that quake insurance problem. Faced with the devastation (property and market) wrought by the Northridge Earthquake and the realization by insurers that the loss models they had carefully...
Amica Mutual Insurance Co. Purchases Fair, Isaac’s ClickPremium
Jun 22 2001 // In an effort to accelerate the speed, scope and profitability of its automobile insurance underwriting process, Amica Mutual Insurance Company said it has purchased and installed San Rafael, Calif-based Fair, Isaac and...
PA Insurers File Memo Supporting Workers’ Comp Consent Decree Reversal
Jun 21 2001 // A group of Pennsylvania workers’ compensation insurers has filed a memorandum in U.S. District Court supporting efforts to vacate the 1984 consent decree in the case of Richard Baksalary, et.al. v. Smith et.al.,...
Credit History/Territorial Rating Bill Made Less Onerous for Neb. Insurers
Jun 20 2001 // The National Association of Independent Insurers (NAII) claimed a major victory for insurers in the recently concluded state legislative session by amending legislation that would have restricted the use of credit and...
Colo. Insurers Win Some, Lose Some with Recent DOI Decisions
Jun 20 2001 // According to the National Association of Independent Insurers (NAII), at the urging of the association and its member companies, the Colorado Division of Insurance agreed to withdraw two bulletins that rendered meaningless...
Alliance, AFACT Ask Governor to Veto WC and Litigation-Cost Control Bills
Jun 18 2001 // The Alliance of American Insurers is on record as having asked Texas Gov. Rick Perry to veto two insurance-related bills One of the bills, SB 1654, is also opposed by the Association of Fire and Casualty Companies of...
Jury Sends Message to Insurance Industry in Toxic Mold Case
Jun 18 2001 // Travis County District Court jury to the insurance industry: take care of toxic mold claims adequately and promptly or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a...
Ponzied Insurance Premiums
Jun 18 2001 // This is the tale of what the Court of Appeals of Maryland—the state’s highest court—called a modified insurance “Ponzi scheme.” The case, decided earlier this year, is Insurance Company of North...
Nevada Legislature Wraps Up 2001 Session on Positive Note
Jun 12 2001 // The Nevada State Legislature adjourned last week following several important victories for the insurance industry, according to lobbying groups. Passage of measures benefiting insurers and the defeat of several trial...
Insurers Play to Win When Writing Coverage for Sports Venues
Jun 11 2001 // Up and down the West Coast, stadiums and sports arenas welcome in fans every day. Whether it is for a football game or a pop concert, the venue is open to a number of exposures that must be covered before the public sets...
Coverages for Contractors: Only the Strong Survive as a Tough Market Gets Tougher
Jun 11 2001 // What’s the biggest problem area in the California insurance market these days?” When asked that question, most in the know would probably, without any hesitation, reply, “Workers’ comp.” But...
RELIANCE SENT TO REHAB
Jun 11 2001 // Financially troubled Reliance Insurance Company was placed into rehabilitation on May 31 at the request of the Pennsylvania Insurance Department. A Penn.-domiciled company, Reliance is licensed to write coverage in all 50...
After Deal with iwix.net Goes Sour, ebix.com Turns to Esurance
Jun 11 2001 // On May 29, Atlanta-based ebix.com struck a deal with Esurance Inc., a national quote-to-claims Internet-based provider of personal auto insurance. Under the terms of the deal, Esurance will offer instant online auto...
Trade Groups Call for Cost Control, Greater Efficiency in State Financial Examinations
Jun 7 2001 // State insurance regulators need to address cost control issues and standardize their methods of statutory financial examinations for monitoring insurer solvency, according to a new white paper issued by the major...
Auto Insurance Companies to Face Multi-Million-Dollar Lawsuit
Jun 7 2001 // A multi-million-dollar class-action lawsuit has been authorized by the board of directors of the National Auto Agents Alliance (NAAA) Board against several insurers. The lawsuit questions the legality of insurers reducing...
Nationwide Insurance Joins California Community Investment Consortium
Jun 7 2001 // Impact Community Capital announced that Nationwide Mutual Insurance of Columbus, Ohio, has joined its growing membership of California insurers committed to voluntary community investments. Nationwide officials said the...
Garibaldi to Head Zephyr Insurance Company
Jun 6 2001 // Effective July 1, 2001, John L. Garibaldi will assume the position of president and CEO of Zephyr Insurance Company, which provides hurricane property insurance coverage to Hawaii residents and homeowners...
