Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
States Ratify $213.5 Million Settlement on Discriminatory
Jul 11 2000 // States representing more than 86 percent of the American General policyholders that paid race-based life insurance premiums have ratified a multi-million-dollar penalty and restitution settlement negotiated by Florida...
ISO Estimates U.S. Insurers Will Pay $1.4 Billion
Jul 10 2000 // U.S. property/casualty insurers will pay $1.4 billion to homeowners and businesses for insured property losses from 10 catastrophic events in the second quarter of this year, according to initial estimates from the...
Surplus Lines Agents in The New Millennium
Jul 10 2000 // 2001 Legislative session to bring changes to agent licencing In an effort to comply with the uniformity and reciprocity requirements of financial services reform, the Texas Department of Insurance will likely soon change...
And Then There Were Two…
Jul 10 2000 // As nursing home liability coverage costs continue to climb, admitted carriers are pulling out of markets across the county. In Texas—considered, along with Florida, to be one of the most challenged states in this...
Insurers Fight Hollywood Claims Over ‘Gap Financing’ for Movies
Jul 10 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...
Commentary: E-Signature Law Should Expedite Insurers’ Interest With Internet
Jul 10 2000 // What effect will President Clinton’s signing of the Electronic Signatures in Global and National Commerce Act (S. 761) have on the insurance industry? For openers, it should now persuade even the most skeptical...
The Downfall of California’s Insurance Commissioner
Jul 10 2000 // The turbulent drama surrounding California Insurance Commissioner Chuck Quackenbush reached a climax on June 28 with the Commissioner’s resignation from office. As the dust settles, IJ looks back at the major events...
Calif. Assembly Fails to Pass SB 1925; Takes No Action on SB 1899
Jul 7 2000 // On July 5, the Assembly Insurance Committee failed to pass Senate Bill 1925. In its original form, the bill would have required insurers to provide earthquake insurance to policyholders at any time, even if they recently...
Owners Plan To Make Eureko Into Full Service Insurer
Jul 4 2000 // Plans to create a truly pan-European insurance company out of Eureko, up to now a rather loose partnership of eight European insurers, advanced significantly on Monday with the the announcement that Banco Commercial...
The Downfall of California’s Insurance Commissioner
Jun 30 2000 // The turbulent drama surrounding California Insurance Commissioner Chuck Quackenbush reached a climax on June 28 with the Commissioner’s resignation from office. As the dust settles, IJ looks back at the major events...
AGF Launches “OKassurance,” First French On-Line P/C Insurer
Jun 28 2000 // AGF’s announcement that it would launch an on-line p/c insurer, OKassurance, on July 3 validates the promise, made last March, to create France’s first such site The third largest French P/C insurer, which is...
U.S. Ambassador Sees Insurer Investment in India
Jun 26 2000 // U.S. Ambassador to India, Richard Celeste, predicted that India’s opening of its market to foreign insurers would bring a s much as $1 billion in investments over the next few years from U.S. Companies. India’s...
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...
