Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Face Minimal Impact from U.K. Foot-and- Mouth Outbreak
Feb 28 2001 // Farmers in Britain and continental Europe are facing extremely serious consequences following the outbreak of the highly contagious foot-and-mouth disease in the U.K. Herds of cattle, sheep and pigs have been slaughtered...
U.K. Insurers’ Results To Reflect Rate Upturn, Storm Losses
Feb 26 2001 // Despite last week’s announcement by CGNU, the U.K. ‘s largest insurer, that net operating profit would be affected by damage claims from November’s storms, analysts expect Legal & General and Royal...
Acquisitions Boost Insurer Profits
Feb 26 2001 // Jardine Lloyd Thompson profits increased by 12 percent last year, helped by the acquisitions it made to bolster its business. JLT bought Burke Ford Group, a UK retail and employee benefits broker, as well as Abbey...
Court Rules Against State Fund in Schaefer Ambulance Case
Feb 26 2001 // Seven years after an initial lawsuit was filed, the California Supreme Court made a ruling unfavorable to the California State Compensation Insurance Fund (SCIF) in the case of State Compensation Insurance Fund,...
Agent Commission on Insanity is Nuts
Feb 26 2001 // “How’s business?” “Don’t ask.” “What’s wrong?” “You’ve heard of underwriting?” “I’m familiar with the concept.” “Well,...
States Strive for Consistency in Complying with New Privacy Provisions
Feb 26 2001 // The 2001 state legislative sessions are off and running. Among the more pressing challenges this year for a number of insurance commissioners and lawmakers is reaching compliance with the privacy provisions of the...
Storms Expected to Pall Insurer’s Results
Feb 23 2001 // CGNU is expected to report next Tuesday pre-tax operating profit of between 1.2 and 1.4 billion pounds, compared to a pro forma 1.534 billion pounds ($2.22 billion) last time. The group was created through the merger of...
Madison, Wis., Insurer Closes Nine Offices
Feb 23 2001 // Madison, Wis.-based American Family Insurance Group, the nation’s ninth largest property casualty insurer, will close nine claims offices across the country and eliminate 202 jobs in an effort to be more...
Insurer Chooses Agents Over Web
Feb 23 2001 // Ohio Casualty Corp. of Fairfield, Ohio, is abandoning its web-based Avomark brand direct personal lines auto marketing in favor of an independent agent sales force. Dan R. Carmichael, Ohio Casualty’s new president...
P/C Insurers’ Web Efforts Lacking Strategy
Feb 22 2001 // A new Conning & Co. study reports that the majority of property/casualty insurers did not have a guiding Internet strategy when developing their web sites and only a few insurers use the Internet effectively to...
Indianapolis Insurance Company Faces Scrutiny over Annuity Sales Practices
Feb 21 2001 // American United Life Insurance Co. is denying charges by the National Association of Securities Dealers it has used “misleading and unbalanced” sales literature to sell variable annuities. The...
Indianapolis Insurance Company Faces Scrutiny over Annuity Sales Practices
Feb 20 2001 // American United Life Insurance Co. is denying charges by the National Association of Securities Dealers it has used “misleading and unbalanced” sales literature to sell variable annuities. The...
Carriers Battle Alleged Taxicab Market Fraud
Feb 19 2001 // In what looks uncomfortably like a return to the offshore scams of the late ’80s, several reports of questionable taxicab policies using the names of two well-known carriers have recently surfaced in California. The...
Commercial Auto-The LONG Road Back to Profitability
Feb 19 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
Agent-Broker Malpractice
Feb 19 2001 // In specifying, arranging for and renewing insurance policies, it is customary in the industry for agents to use a kind of shorthand. It is also customary for agents to rely upon manuals provided to them by insurers. A case...
NAFTA Panel: U.S. in Violation of Treaty
Feb 19 2001 // On Feb. 6, a North American Free Trade Agreement arbitration panel upheld an interim ruling opening the United States border to Mexican trucks. Many in the insurance industry say they will cautiously review the changes the...
CNP Buys Control of Brazilian Insurer for
Feb 16 2001 // French life insurer CNP Assurances has entered Brazil’s fast-growing insurance market with a deal to buy a controlling share of Sasse for $535 million. CNP agreed to buy a 50.75 percent stake in Caixa Seguros (Sasse)...
Ohio DOI Unveils Top 10 Fraud Violations of 2000
Feb 15 2001 // Ohio Department of Insurance Director Lee Covington released a list of the Top 10 Insurance Fraud violations for 2000. During 2000, the Department opened 144 fraud cases. At the Insurance Department, the Enforcement...
Stephen King Files Suit Against Insurer
Feb 14 2001 // Popular novelist Stephen King filed a lawsuit in a Maine Superior Court against his insurer, Commercial Union York Insurance Co. The suit alleges that the insurance company failed to provide full coverage for injuries King...
Insurance Carriers to Launch Personal Lines Site
Feb 14 2001 // American International Group, Kemper Insurance Cos. and Prudential Insurance Co. of America plan to jointly establish a web-based insurance agency that will allow consumers to research, buy and manage personal lines...
