Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
New York DOI Releases Ranking of Against Auto Insurers
Dec 5 2000 // New York Superintendent of Insurance Neil D. Levin has released the department’s annual ranking of consumer complaints against New York State’s private passenger automobile insurance companies and announced...
Insurers Request for Ruling on Northridge Claim Extension Refused
Dec 4 2000 // The California Supreme Court last week refused to rule in a case brought forward by several insurance groups that contested the constitutionality of a state law giving Northridge earthquake victims an additional year to...
Scottish Insurer Assessed £2 Million on Mortgage Policies
Dec 1 2000 // The U.K.’s Financial Services Authority has ordered Royal Scottish Assurance, a joint venture between the Royal Bank of Scotland and Scottish Equitable, to pay a £2 million ($2.86 million) fine as a result of...
Concorde Insurers Name Continental in French Lawsuit
Nov 30 2000 // La Réunion Aérienne, the insurance pool with primary coverage for losses resulting from the crash of the Concorde near Paris last July, has officially launched a recovery action against Continental Airlines...
Mass. P/C Insurers Ignore Tax Relief Options
Nov 30 2000 // Eight Massachusetts insurance companies have opted out of a state program that promises permanent tax cuts in exchange for five years of voluntary community investment, according to a report by the Massachusetts...
U.K. Web Insurer In Financial Crunch
Nov 28 2000 // RapidInsure, the British Online insurance website, announced that it has stopped accepting new business for the time being as it searches for additional financing in order to continue its operations. Founded in February by...
Predictions for the 2001 Auto Market’
Nov 20 2000 // Predictions for the 2001 Auto Market? Enforcing Uninsured Driver Laws Should Be A Top Agenda Item What will the Texas auto market look like in 2001? The question is being asked at every professional meeting, on every golf...
MOLD in Buildings
Nov 20 2000 // Creates New Frontier in Construction Defect Litigation, Definition of Pollution At the center of what could become one of the fastest growing areas of both construction defect litigation and toxic tort litigation is an...
AIG Confirms Purchase of Egyptian Insurer
Nov 15 2000 // AIG confirmed that it has purchased a 90 percent interest in Egyptian p/c insurer Pharaonic Insurance Company S.A.E., which writes general insurance and reinsurance coverage in the Egyptian market. The company’s...
Colorado Fines Five Insurers/Firms
Nov 14 2000 // The Colorado Division of Insurance is fining Aetna U.S. Healthcare Inc., Cigna Healthcare of Colorado Inc. and three other insurance companies for violating state insurance laws by failing to process claims accurately or...
The Evolving Excess & Surplus Lines Market
Nov 13 2000 // The excess and surplus lines, or non-admitted, market is comprised of property & casualty companies that provide insurance that is unavailable to businesses in the standard, or admitted, market due to the unique...
Surplus Lines Market Shows Signs of Shaping Up
Nov 13 2000 // When retail agents or brokers cannot find coverage for a unique or high-risk insured with a company in the standard or admitted market, they often turn to the surplus lines—or excess and surplus (E&S)—market for...
Special Investigative Units Battle Insurance Fraud, ‘Crime of the ’90s’
Nov 13 2000 // People outside the industry are always surprised to learn how much fraud insurance companies are actually forced to deal with. It wasn’t until fairly recently, in the late 1980s, that insurance companies and local,...
Glamour & Risk: Insuring HollywoodProduction Companies
Nov 13 2000 // For many film lovers, the holiday season is synonymous with the release of Hollywood’s latest screen confections. As production companies scramble to satiate the consumer appetite for thrilling visual effects and...
China To Admit Insurers After Joining WTO
Nov 10 2000 // Chinese authorities have indicated they intend to license up to 12 foreign insurance groups upon China’s accession to the World Trade Organization (WTO). Under terms China agreed to in negotiations with the U.S. and...
Effective Data Management Remains Elusive for Insurers, Conning Study Says
Nov 10 2000 // The ability of insurers to transform their raw data into knowledge is critical to their survival yet, despite this imperative, many data warehousing efforts have been postponed; others still have failed, according to a...
On the Road Again
Nov 6 2000 // Insurance Dot-Coms Shift Increasingly Toward the Agent In the fast-paced environment of Internet insurance, any attempt to define trends and categorize business models on the information highway can be an exercise in...
Legal Malpractice Insurance
Nov 6 2000 // There are a huge number of lawyers in Texas. Many of them are not very good. For every lawyer there is probably at least one paralegal. Many of them are as proficient as the lawyers they assist, though usually less...
Mass. DOI Takes Over Troubled Framingham Lumber Insurer
Nov 3 2000 // A Framingham, Mass. company writing property and casualty insurance for the lumber industry was put into state receivership Wednesday after reporting large losses for the past few years. A note on the company’s...
Japanese P/C Insurers In Merger Talks
Nov 3 2000 // Another round of consolidation is shaping up in the Japanese insurance industry with the announcement that Yasuda Fire & Marine Ins. Co., Nissan Fire & Marine Ins. Co. and Taisei Fire & Marine Ins. Co. are...
