Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer, Agents Near Deal
Jan 22 2001 // A 20-year-old class action lawsuit filed by 11 former insurance agents against Bloomington, Ill.-based Country Companies Insurance will soon be settled with no admittance of wrongdoing. The former agents filed a suit in...
California Workers’ Comp: A Market on the Brink
Jan 15 2001 // Although they just squeaked past the January 1 crunch time, both carriers and buyers of workers’ compensation are having anything but a Happy New Year. Combined with the slipping economy, the crisis in the...
Kemper Insurance Companies and InsuranceNoodle Team up to Target Small Business Owners
Jan 9 2001 // Kemper Insurance Cos. has signed an agreement with InsuranceNoodle to expand its initiative of providing products designed for small business owners. The agreement allows InsuranceNoodle to enhance its offering to small...
Weiss Reports Insurance Company Failures Up 30% In 2000, HMO Failures Down 22 %
Jan 9 2001 // In the face of a slowing economy and stiff competition, 35 insurance companies failed in 2000, a 30 percent increase over the 27 failures recorded in 1999, according to Weiss Ratings, Inc., an independent provider of...
Minnesota Agents Association Floats Legislative Collective Bargaining Draft; Seeks Input
Jan 8 2001 // In 1900, Texas independent agents approved a plan to unionize. The plan eventually faltered at the national level, but now, more than a century later, Minnesota agents are floating a similar idea. The board of directors of...
Who Owns A Customer’
Jan 8 2001 // The American economic scene is characterized by at least three general trends. There may be more. First, many large businesses are cutting back. Almost every day one reads in the paper that some huge, well-known...
A Legislative Preview for the 77th Session of the Texas Congress
Jan 8 2001 // Now that the presidential election saga has come to a close and a new governor and lieutenant governor are in place, the new guard at the Texas capitol has begun making decisions and appointments for the upcoming 77th...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
Donegal Completes Acquisition of Pioneer
Jan 4 2001 // Donegal Group Inc. has completed the acquisition of Pioneer Insurance Co., which is headquartered in Greenville, New York, from Donegal Mutual Insurance Company effective January 1, 2001. The purchase price will be equal...
New York DOI Codifies Statutory Accounting Principles
Jan 2 2001 // New York Superintendent of Insurance Neil D. Levin announced the adoption of a new regulation implementing a codification of statutory accounting principles for insurers. The purpose of the codification is to enhance the...
Credit Insurer to Return $1M, Trim Rates for
Jan 2 2001 // An Atlanta-based insurance company has agreed to pay back $1 million to tens of thousands of Massachusetts consumers who were overcharged for credit insurance. According to a report issued by Georgia Attorney General Tom...
Nebraska Insurers to Merge
Dec 29 2000 // In hopes that a larger policyholder base and larger economic foundation will facilitate expansion, Lincoln Mutual Holding Co. and WFR Mutual Insurance Holding Co. will merge to form one company called Lincoln Insurance...
Crop Insurer Reaches $10 Million Agreement
Dec 29 2000 // Rain and Hail Insurance Service, a West Des Moines, Iowa-based insurance company, has reached an agreement to pay $10 million to the federal government to settle claims that the company misrepresented the condition of...
New Classes of Megatort Claims Seen Confronting Industry
Dec 28 2000 // Potential claims from asbestos, pollution and tobacco will continue to challenge the insurance industry in coming years, panelists told the Casualty Actuarial Society annual meeting in Washington, D.C. After stabilizing in...
AIG Signs Cooperation Pact With Chinese Insurer
Dec 22 2000 // American International Group has formed a strategic alliance with Pingan Insurance Company of China, that provides for each company to use the other’s sales and service network. AIG will use Pingan’s facilities...
Insurer Wins Out in Y2K Lawsuit
Dec 22 2000 // American Guarantee, a Zurich affiliate, does not have to cover $138 million of the money Xerox Corp. poured into Y2K preventative upgrades, a New York State trial court ruled on Dec. 20. New York Supreme Court Justice...
Insurer Groups File Another Lawsuit Against SB 1899
Dec 21 2000 // Another lawsuit was filed yesterday in Los Angeles County Superior Court against SB 1899. Authored by Senate President Pro Tem John Burton (D-San Francisco), and signed into law by Governor Davis, SB 1899 allows certain...
Allianz May Acquire Stake in Czech Insurer
Dec 21 2000 // Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen...
Minnesota Agents Draft Collective Bargaining Legislation
Dec 20 2000 // The board of directors of the Minnesota Independent Insurance Agents has drafted legislation for possible introduction in the state legislature this January that would permit agents to collectively bargain the terms and...
California’s Workers’ Comp System: On the Verge of Collapse
Dec 19 2000 // At the beginning of 2000, the Insurance Journal described the California workers’ compensation market as “crazy,” “turbulent” and “chaotic.” Now, at the end of the year, a more...
