Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer MONY to Buy Advest for $275 Million
Aug 25 2000 // Insurance company MONY Group Inc. plans to buy one of the few remaining independent U.S. regional brokerages, Advest Group Inc. for an estimated $275 million, in an effort to expand into the lucrative securities...
Bad Service Means Lost Business for Banks, Insurers, Others
Aug 25 2000 // Bank customers tired of bad service are closing their accounts according to a new survey. More than 60 percent of consumers polled by software company Mobius Management Systems Inc. said they have cancelled bank accounts...
Life, Health Insurers’ Operating Profits Drop; Capital Gains Rise
Aug 22 2000 // The nation’s life and health insurers experienced a $203 million, or 1.6 percent, decline in operating profits during the first three months of 2000, as compared to the year-earlier period, according to a study by...
Independent Currents:CEOs Face Difficult Tech Decisions
Aug 21 2000 // A couple of months ago we talked here about the coming consolidation of insurance companies. But instead of constricting markets for agents and brokers, you’ll have more markets than ever. Those ridiculous...
Gentlemen’s Clubs Can Be a Better Risk than the Local Watering-Hole
Aug 21 2000 // “I’ve had carriers walk away from a lot of the adult stuff…even though it was a good class of business, they just didn’t want to be associated with it.” As patrons continue to spend their...
Independent currents: CEOs Face Difficult Tech Decisions
Aug 21 2000 // A couple of months ago we talked here about the coming consolidation of insurance companies. But instead of constricting markets for agents and brokers, you’ll have more markets than ever. Those ridiculous...
Air France Insurers Handling Concorde Claims
Aug 18 2000 // Air France representatives repeated the company’s promise to fully indemnify all the families of the victims of the Concorde which crashed on takeoff July 26th killing all 109 people on board and 4 on the...
Calif. Insurers Unveil Affordable Housing Investment
Aug 16 2000 // IMPACT Community Capital, comprised of a group of California’s leading insurance companies, unveiled a first-of-its-kind pooled investment in affordable housing for communities throughout that state. In addition, it...
Groups Disagree on Producer Licensing Verbiage
Aug 14 2000 // What’s in a word? A lot—at least according to the National Association of Mutual Insurance Companies (NAMIC). In a press release, the association announced that on July 11 it sent a letter to the chair of the...
CEOs Face Difficult Tech Decisions
Aug 14 2000 // Companies need to move beyond pretty websites into substance A couple of months ago we talked here about the coming consolidation of insurance companies. But instead of constricting markets for agents and brokers,...
San Diego Tuna Fleet Insurer Passes Away
Aug 11 2000 // Joseph Anthony Cutri, who built a business insuring San Diego’s tuna-fishing industry more than half a century ago, passed away on August 1 at the age of 80. Shortly after moving to San Diego in 1940, Cutri sought...
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Tragic Concorde Crash Could Wrack Up Losses for European Insurers
Aug 7 2000 // Insurers could pay out more than $320 million as a result of the July 25 Air France Concorde crash that killed 113 people, according to the Guardian, a U.K. newspaper. The supersonic jet went down just after taking off...
Montana State Auditor Orders Insurers to Drop Wildfire-Related Moratoriums
Aug 4 2000 // State Auditor Mark O’Keefe told all property and casualty insurance companies doing business in Montana to lift all blanket wildfire-related moratoriums on new or increased levels of property insurance, or face...
Echostar Launches Lawsuit Against Insurance Companies; Alleges Conspiracy to Deny Coverage
Aug 3 2000 // EchoStar Communications Corp. can’t find satellite insurance. And the Littleton-based company doesn’t think it’s purely a coincidence. EchoStar filed suit in U.S. District Court in Denver Monday, claiming...
German Insurers Handed Holocaust Deadline
Aug 2 2000 // Hevesi has given two German reinsurers an Aug. 21 deadline to explain how they will ensure the fair handling of Holocaust claims if they refuse to join an international restitution panel, according to a Reuters news...
Tragic Concorde Crash Could Cost Insurers $350 Million
Jul 26 2000 // Insurers could face up to $350 million in claims from Tuesday’s Air France Concorde crash that claimed the lives of all 109 passengers and crew aboard. European companies are expected to foot most of the...
German Insurers May Join Holocaust Panel
Jul 25 2000 // German insurers might now become members of an international Holocaust claims panel through their industry association, a Jewish advocacy group was reported as saying by Reuters news service Monday. The move could help...
Missouri Workers’ Comp Carriers Continue to Cut Rates
Jul 24 2000 // Insurers writing most workers compensation business in Missouri are continuing a six-year trend of cutting rates, based on filings in the first half of 2000, the Department of Insurance (MDI) announced last...
