Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Air France, Insurers Sue Continental
Sep 28 2000 // Air France and La Réunion Aérienne (LRA), the consortium of insurers that covered the Concorde, that crashed outside of Paris on July 25th, killing all aboard, have filed suit in a French Commercial Court against...
Delaware Court Rules In Favor of Insurers
Sep 28 2000 // The Supreme Court of Delaware has affirmed a lower court opinion in favor of 28 insurers who were sued in an insurance coverage action brought by Hercules Incorporated. In 1989, Hercules, an international aerospace...
Property/Casualty Insurers Watch Profits Fly Out the Window
Sep 25 2000 // ISO, NAII Report First-Half Net Income for Insurers Plunged; Fitch Adopts Negative P/C Outlook It hasn’t gone to hell in a handbasket yet, but the outlook for the property and casualty industry is far from good. On...
An Agent’s Nightmare: Who Knew Forwarding Lawsuit Papers Could Get So Sticky
Sep 25 2000 // Insurance agencies mediate between insurance companies and policyholders all the time. One of the most important focal points for this kind of activity has to do with forwarding suit papers. An insured gets sued. He hands...
Fred Kist New Kemper Insurance Companies Chief
Sep 22 2000 // Kemper Insurance Companies’ Chairman and Chief Executive Officer David B. Mathis has named Frederick Kist as Kemper’s new chief actuary. Kist will be nominated for election as a senior vice president of...
Massachusetts Regulators Take Control of Auto Insurer
Sep 22 2000 // New England Fidelity Insurance Co. of West Springfield, has gone into receivership. It is the second Massachusetts auto insurer to go under this year. Industry officials said the failures of New England Fidelity and Trust...
Insurance Federation Elects New Officer/Board Members
Sep 22 2000 // Insurance Federation Elects New Officer/Board Members Five insurance industry executives have been newly elected as members of the Board of Directors of the Insurance Federation of Minnesota at the IFM’s annual...
Banc of America Analysts: Insurance Companies Poised for Turnaround
Sep 22 2000 // The industry is also beginning to look for opportunities to sell its products over the Internet, says Banc of America Securities analyst Robert Ryan. Zucker, Meredith, and Ryan made their comments at the 30th Annual Banc...
Massachusetts Sues Four Insurers
Sep 21 2000 // The Boston Globe reported today that Massachusetts Attorney General Thomas F. Reilly has sued four health-insurance companies for denying coverage to college students who were suffering from preexisting medical...
3 Insurers Reported Seeking U.K. ‘s Liverpool Victoria
Sep 20 2000 // In what’s shaping up as a battle of big fish, bigger fish, the Times reported that three companies were interested in acquiring U.K. Mutual life and pension insurer Liverpool Victoria, at the same time that it is...
Japanese Insurers Confirm Merger Plans
Sep 18 2000 // Confirming earlier reports, Japan’s largest p/c insurer, Tokio Marine and Fire Insurance Co. Ltd. plans to merge with the 5th largest life insurer, Asahi Mutual Life and a smaller p/c company Nichido Fire &...
Quackenbush Scandal Played Starring Role in 1999-2000 Legislative Session
Sep 18 2000 // As the clock struck midnight on Aug. 30, lawmakers were spent but still deciding the fates of a handful of bills that would affect the insurance industry. So how did the 1999-2000 legislative session compare to other...
Governor Davis Signs California Agent Licensing Bill
Sep 18 2000 // On Sept. 5, California Governor Gray Davis signed into law AB 393, the state’s new agent licensing law. Sponsored by Assemblymember Jack Scott (D-Altadena), AB 393 requires anyone transacting insurance to meet...
Commentary on First Half 2000 Results
Sep 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 5.6 percent (on an annualized basis) during the first half of 2000, down from 8.2 percent during the first half of 1999 and 6.6 percent for...
Old Guard Group Shareholders Approve Acquisition by Ohio Farmers
Sep 13 2000 // Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction...
When the Market Provides No Answer,Insurers Offer Online E&S
Sep 4 2000 // While the initial furor created by the advent of dot-coms cools down, many insurance professionals are re-evaluating their business relationships with the Web. At a time when agents and brokers may question the benefit of...
SAFECO, Montana Work to Resolve Privacy Issues
Aug 30 2000 // Montana State Auditor Mark O’Keefe and SAFECO Regional Vice-President Bill Norman are working together to resolve issues raised by a recent SAFECO mailing in response to the amendments to the Montana Insurance...
Workers’ Comp Underwriters Predict Higher Premiums, Conning Study Says
Aug 29 2000 // A new Conning & Company study reports that 90.4 percent of workers’ compensation insurers surveyed believed that the industry will see increased premium rates, suggesting that the era of price competition is...
Calif. Agent Groups Ask Governor to Sign AB 393; NAII Asks for Veto
Aug 29 2000 // The Independent Insurance Agents and Brokers Legislative Counsel (ABL), with the backing of eight trade associations representing the great majority of California’s nearly 300,000 licensed insurance agents and...
Japanese P/C, Life Insurers to Combine Operations
Aug 28 2000 // In what would be a first ever alliance, Japan’s second largest life insurer, Dai-Ichi Mutual Life Insurance, and leading p/c insurer, Yasuda Fire & Marine Insurance Co., have reportedly agreed to combine...
