Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Workers’ Comp Carriers See
Jul 16 2001 // Trying to operate in a shaky market, a pair of California workers’ compensation carriers have seen their ratings drop from “A” to “A-” following review by analysts at A.M. Best. Both...
Study Says Eight Insurers Command 65% Market Share in Hurricane-Prone States
Jul 13 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
AIA Says Insurer Interests Not Addressed in HHS Privacy Materials
Jul 11 2001 // According to the American Insurance Association (AIA), the first in a series of guidance materials intended to clarify key provisions of the new federal privacy protections for medical records and other personal health...
NAII Says Calif. Bill Would Hinder Fraud-Fighting Tactics
Jul 10 2001 // The National Association of Independent Insurers (NAII) announced that the California Assembly Insurance Committee on July 11 will hold a hearing to debate legislation that would impede insurer efforts to investigate...
SilkAir Insurers Sue Over 1997 Crash
Jul 9 2001 // Singapore Aviation and General Insurance Company has filed two lawsuits, one in New York, and the other in Los Angeles, seeking some $55 million in damages from Boeing and several aircraft component manufacturers related...
NAII Presents Insurers’ Views at Hearing on Improving Calif. Low Cost Auto Program
Jul 9 2001 // Efforts to reduce the number of uninsured drivers in California should not center on the price of automobile insurance. Instead, California insurance officials and lawmakers should allow insurers to provide the type of...
Homeowners, Insurance Industry Clash on Mold Issues
Jul 9 2001 // Homeowners turned out in force to testify and listen, and to applaud when they agreed with what they heard, at a June 26 Texas Department of Insurance (DOI) public hearing on issues related to toxic mold and insurance...
Allison to Cost Insurers $ 1.2 Billion
Jul 9 2001 // U.S. P/C insurers will pay homeowners and businesses $1.2 billion for insured property damage wreaked by Tropical Storm Allison during the first two weeks in June, according to preliminary estimates by Insurance Services...
“E-insurance: Creating a Competitive Advantage” Excerpted from a report written in co-operation with
Jul 3 2001 // Levels of e-business development Despite the desire to deepen customer relationships, reduce costs and develop new sources of revenue, few have gone far in terms of creating distinctive web-enabled services. To date, only...
Administaff Announces New Carrier for Workers’ Comp Policy; The Hartford Selected to Underwrite Two-Year, Fully-Insured
Jun 29 2001 // Administaff, Inc., the nation’s leading Professional Employer Organization (PEO), today announced that it has selected The Hartford Financial Services Group Inc. to underwrite the guaranteed-cost workers’...
U.K. Insurers Await Levy on Independent, as RSA Picks Up More Pieces
Jun 28 2001 // Britain’s Royal & Sun Alliance is in advanced talks with PricewaterhouseCoopers, the liquidators for Independent Insurance, to acquire more parts of Michael Bright’s failed company. RSA has already agreed...
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...
