Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Insurers Fight Hollywood Claims Over “Gap Financing” for Movies
Jul 24 2000 // As most people with experience in the movie industry could tell you, it’s an easy way to lose a lot of money. That may happen to several insurance companies, notably France’s AXA, if they lose the lawsuits that...
Lying, Cheating and Stealing
Jul 24 2000 // There are a number of sins to which those providing services for money are susceptible: product ignorance, market ignorance, administrative incompetence, disloyalty and betrayal, slothfulness, untruthfulness, and stealing....
Commentary: Examining Slave Insurance in a World 150 Years Removed
Jul 24 2000 // In March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this...
Groups Disagree on Producer Licensing Model Language
Jul 24 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 a July 11 letter, sent to the chair of the National...
Cracks in the Plaster: Construction Defect Litigation
Jul 19 2000 // “You put up these buildings. Even though no one has noticed anything wrong, no one has been injured, nothing has been damaged; by virtue of the fact that you put them up, there must be defects in them. Therefore we...
Conning Co.: Property/Casualty Industry Must
Jul 18 2000 // Insurers in the property/casualty sector will not be able to reduce expense levels significantly unless they address their commission and other acquisition expenses, according to a recent Conning & Company...
Property Insurers Posting Lower Q2 Net
Jul 18 2000 // U.S. property/casualty insurers are expected to post lower second-quarter profits this year as a result of low premium rates and high claims costs. “It’s a deadly combination,” Edward Liddy, chief...
Unilateral Reservation Rule Gets Support from Industry
Jul 13 2000 // A dog bite has taken the question of unilateral reservations to the California Supreme Court. Insurance groups are urging the court to adopt a unilateral reservation rule for the reimbursement of settlement payments in...
