Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Agents in the Claims Process
Jun 26 2000 // In any service industry, speed in responding to customer requests, customer satisfaction with performance (both in the short run and in the long), and accuracy in statements made are all terribly important. The three are...
School Rules For the New Millennium
Jun 26 2000 // Today, there are roughly 51.5 million public and private school students and 3 million teachers in the United States, according to the NationalSchool Boards Association. And although these schools are scattered across the...
INSURERS AGREE TO REFUNDS
Jun 26 2000 // GEICO and Liberty Mutual Insurance companies have agreed with Texas Attorney General John Cornyn to return nearly $600,000 deducted from Texas policyholder claims when damaged auto parts were replaced by newer parts. Under...
Nursing Home Coverages Decline as Insurers Pull out of Market
Jun 26 2000 // The nursing home market, already in a state of deterioration for several years now, is becoming increasingly barren. It’s a subject that few insurers are inclined to discuss openly, but the buzz in the industry is...
Commercial Lines Deregulation Continuesto Gain Momentum at State Level
Jun 26 2000 // Chalk up 2000 as another year for making great strides in passing legislation relating to deregulation. Since 1997, 21 states have passed laws deregulating commercial lines to one degree or another. “In 2000, we had...
Aviation Prices Go Up, Up and Away
Jun 26 2000 // The motives for buying an aircraft are as varied as the uses to which the aircraft can be applied—as are, of course, the risks associated those uses. Some underwriting companies also insure an array of aviation-related...
U.S. Attorney Cracks $1.3 Million Auto Body Repair Scam
Jun 22 2000 // A Worcester, Mass. man was charged Wednesday with operating an auto body shop that routinely inflicted damage on cars brought in for repair and defrauded insurance companies by submitting false claims for the extra...
Michigan Mutual Insurance Co. Changes Name
Jun 22 2000 // Michigan Mutual Insurance Company, a mutual company with headquarters in Farmington Hills, Mich., is now known as Amerisure Mutual Insurance Company “The board and policyholders agreed that it was time to change our...
Insurance Companies Sue Denver Chiropractic Clinics
Jun 21 2000 // June 21, 2000 9:35 a.m. CDT Allstate Insurance Company, Liberty Mutual Insurance Company, and Progressive Casualty Company and three of its affiliates, served summons and complaints throughout the Denver area last Thursday...
Nursing Home Coverages Decline as Insurers Pull out of Market
Jun 20 2000 // The nursing home market, already in a state of deterioration for several years now, is becoming increasingly barren. It’s a subject that few insurers are inclined to discuss openly, but the buzz in the industry is...
I.I.I. Economist Comments on First Quarter 2000 Results
Jun 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 7.0 percent (on an annualized basis) during the first quarter of 2000, down from 10.7 percent in same quarter of 1999 but up from 6.6 percent...
Quake Bills Could Create Shaky Ground for Insurers
Jun 12 2000 // On May 24, the California Senate passed SB 1899 despite opposition from industry groups. The bill, sponsored by Senator John Burton (D-San Francisco), has been referred to the Assembly Judiciary Committee for further...
Natural Disaster Reform Legislation Reaches a Turning Point
Jun 12 2000 // Nobody likes to lose their shirt, least of all insurers. So it’s no surprise that, following the huge losses caused by natural disasters in the past few years, insurers have bolted from the homeowners market, leaving...
N.Y. Insurance Department Investigates Discrimination Among Life Insurers
Jun 7 2000 // The New York State Department of Insurance has begun an investigation into reports that, for decades, some life insurance companies have discriminated against blacks and other minorities by charging them higher premiums...
Managed Auto Repair Seen as Best Hope for Salvaging Collision Repair Process
Jun 7 2000 // These problems, along with the prospect of huge profits, have given consolidators — repair shop aggregators — the impetus to overhaul the collision repair process through a managed auto repair initiative. The...
Lloyd’s Taylor Warns Insurers And Health Care Providers
Jun 6 2000 // Lloyd’s Chairman Max Taylor in a speech at the annual conference of the Physician Insurer Association of America (PIAA) said that the crisis in health coverage was becoming more serious, and that insurers and health...
Agent Indemnification: How Not to Get Burned
Jun 5 2000 // Once in a blue moon, the Supreme Court of Texas decides a case that squarely pertains to insurance agents. On April 20, 2000, Justice Alberto Gonzales, writing for a unanimous court, decided an odd one, with potential...
Prudential Invests in Japanese Insurer
Jun 2 2000 // Prudential Insurance Co. will invest up to $275.9 million in Kyoei Life Insurance Co., making it the biggest shareholder in Japan’s 10th largest life insurance company. The companies are expected to possibly create a...
Norwegian Insurer Sets Damage Awards in Ferry Disaster
May 31 2000 // Norway’s Skuld Insurance Group has offered a $3.3 million compensation package to the families of the16 victims and to the 69 survivors of the sinking of the catamaran ferry, Sleipner, which hit a reef and sank near...
As India Opens Its Market, Insurers Plan Ventures
May 31 2000 // When Indian President K.R. Narayanan signed landmark legislation last January, opening India’s insurance market to foreign competition, he unleashed a potential revolution in the highly regulated sector. While not...
