Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
XML Provides the Missing Link for SEMCI
May 13 2001 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
UTAH CREDIT SCORING LAW TAKES EFFECT
May 13 2001 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on...
U.K. Government, Insurers To Assume Asbestos Liability
May 11 2001 // The British Government and the country’s insurance industry have agreed to set up a fund to pay the asbestos related claims of Scottish shipyard workers, whose claims payments were threatened when Chester Street...
Acceptance Ins. Cos. Announces Sale of P/C Businesses
May 11 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies to McM Corporation, a...
Study Shows Integration Could Save European Insurers $4.4 Billion
May 10 2001 // A new study by A.T. Kearney, EDS management consulting subsidiary, has concluded that “Europe’s 11 largest insurers could save more than $4.4 billion (5 billion euros) per year by integrating products, services...
Study Says Insurers Can Reduce Claims Settlement Costs Up to 15%
May 10 2001 // Percent According to a recent report entitled “Unlocking the Value in Claims,” by Accenture, a provider of management and technology consulting services and solutions, innovative technology and workforce...
Study Reveals Rising Impact of Asbestos Claims on Insurers
May 8 2001 // According to study released by A.M. Best, property/casualty insurers may end up paying an additional $43.4 billion in asbestos claims over the next 20 years. Added to the $21.6 billion already paid for such claims, that...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
May 7 2001 // U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured property losses from three catastrophic events in the first quarter of this year, according to preliminary estimates from...
Insurer Insolvency: Will Agents Be Held Responsible’
May 7 2001 // Those of us who have been in the insurance business for fifteen years or so can remember when there was a limited number of rating agencies assigning ratings to insurance companies. Today, there are more opinions on...
Oregon Court Decision Forces Insurers to Change Auto Policy Language
May 7 2001 // The Oregon Supreme Court is at it again, although on a much smaller scale. Less than two years after the Oregon high court called into question the validity of every ex-clusion in an insurance policy with its decision in...
Alliance of American Insurers Supports “Thoughtful Approach” to Ergonomic Rule
May 1 2001 // In regards to the ergonomic hearing held yesterday by the Senate Appropriations Subcommittee on Labor, Health and Human Service, the Alliance of American Insurers called for a thoughtful and practical approach to creating...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
Apr 30 2001 // U.S. property/casualty insurers will pay homeowners and businesses in Texas $65 million for insured property losses from catastrophic events in the first quarter of this year. Only Washington and Mississippi incurred...
TDI HALTS DAILY WATCH OF INSURER
Apr 30 2001 // PacifiCare Health Systems Inc. is no longer under the daily scrutiny of the Texas Department of Insurance after the insurer agreed to a corrective action plan and follow-up conversations. PacifiCare has committed to...
Chase Settles Suit Over Failed Offshore Insurer
Apr 30 2001 // Chase Bank of Texas N.A. has agreed to pay $3 million to settle charges that it failed to warn regulators about a worthless policyholder trust account it set up for an allegedly fraudulent offshore insurer that collapsed...
Scottish Insurer Plans Bermuda Move
Apr 24 2001 // Scottish Annuity & Life Holdings Ltd. announced that it’s planning on moving “its corporate and international reinsurance operations” to Bermuda” from their present location in the Cayman...
ISO Predicts Insurers Will Pay $705 Million in
Apr 21 2001 // According to preliminary estimates from the Insurance Services Office Inc’s (ISO) Property Claim Services (PCS) unit, U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured...
CompUSA Insurer Battles Claim Award
Apr 17 2001 // Federal Insurance Company, an insurer of CompUSA and that company’s former head James Hapin, filed a lawsuit in Dallas, Tex., in which the insuere stated it will not pay Halpin’s share a $454 million jury award...
Insurers Sound Off About Rate & Form Filing
Apr 16 2001 // In the summer of 2000, a survey on rate and form filings procedures implemented by state insurance departments was sent to the National Association of Independent Insurers (NAII) membership. This survey was conducted in...
Three Big Carriers Join Forces to Launch Web-Based Agency
Apr 16 2001 // American International Group Inc., Kemper Insurance Companies and Prudential Insurance Company of America recently announced plans of a joint venture called Fusura, a web-based insurance agency that will allow consumers to...
General Casualty Acquires Sixth Regional Insurance Company
Apr 9 2001 // Officials of Sun Prairie, Wis.-based General Casualty Insurance Companies announced the acquisition of Blue Ridge Insurance Company, headquartered in Simsbury, Conn. With this acquisition, Blue Ridge became General...
