Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Wis. Court Says Insurance Company Should Pay for Mistreating Trucker
Feb 22 2007 // A jury properly awarded a northeast Wisconsin trucker $115,000 to punish his insurance company for how it handled his claim after his semi-truck hit a deer, a state appeals court ruled this week. The insurance company...
Ind. Senator: Insurers Should Be Voice on Energy Alternatives, Climate Changes
Feb 22 2007 // If the United States is to move beyond a petroleum-based economy, it will require a stronger commitment by government, industry, and non-governmental leaders, U.S. Sen. Richard G. Lugar said recently in a wide-ranging...
Insurers Drop Court Challenge as Fla. Clarifies Cancellation Ban
Feb 21 2007 // Insurance companies dropped a court challenge this week to a new Florida rule preventing them from immediately canceling some homeowners policies or raising rates. The rule, which took effect Jan. 31, is a stopgap until a...
Lawyer: La. Citizens Nearing Mass Settlement of Hurricane Suits
Feb 21 2007 // Louisiana’s state-run insurer is nearing a mass settlement with policyholders that would be the first deal of its kind in the state since hurricanes Katrina and Rita spawned thousands of lawsuits, an attorney for the...
Insurers Hail Supreme Court’s Curtailing of Punitive Damages
Feb 21 2007 // Yesterday’s U.S. Supreme Court 5-4 decision throwing out $79.5 million in punitive damages, a victory for cigarette maker Philip Morris, is also being seen as a victory by the insurance industry. In the case, Philip...
Chicago Exchange, Carvill Ready Hurricane Futures for Insurers
Feb 20 2007 // The Chicago Mercantile Exchange, the largest derivatives exchange in the United States, announced last week that it is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The...
Miss. Gov. Barbour Rejects Hood’s Call to Block State Farm
Feb 20 2007 // Mississippi Attorney General Jim Hood said he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowners and commercial policies in the hurricane-battered state. Hood’s...
Fla. Insurers Advised on Filing Discounted Rates Required by Law
Feb 20 2007 // Florida Insurance Commissioner Kevin McCarty signed an order advising residential insurers to make rate filings to include the new discount factor mandated by legislation passed during the recent special session. The new...
Insurer Plans to Expand Tucson Work Force
Feb 19 2007 // Insurance company Geico plans to add more than 200 new customer service employees at its Tucson call center by the end of the year, part of a planned expansion that has already added 125 workers since September. Geico...
Calif. Judge Rules Against Auto Insurers in Lawsuit over ZIP Codes
Feb 18 2007 // Siding with consumer groups and state regulators, a state judge on Feb. 15 threw out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where they...
Insurers Dispute Fla. Criticisms of Education and Job Rating Criteria
Feb 16 2007 // The National Association of Mutual Insurance Companies disputed claims made by the Florida Office of Insurance Regulation that auto insurance companies use education and occupation underwriting criteria to charge higher...
Smoke Alarms Need Attention, Texas Insurer Group Says
Feb 16 2007 // A recent survey by firefighters in Farmers Branch, Texas, found that one third of the smoke alarms they tested inside homes didn’t work. The Insurance Council of Texas (ICT) reported that the firefighters said most...
Insurer Agrees to Extend Deadline for Holocaust Victims’ Claims
Feb 15 2007 // An Italian insurance company’s agreement to extend by 17 months the deadline to accept new claims from Holocaust victims and their relatives gives some victims another chance to find records of their losses, a museum...
Maryland Mulls Ways to Keep Insurers from Abandoning Coastal Properties
Feb 15 2007 // Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with...
Patrick Administration Holds Hearing Today on Mass. Assigned Risk Plan
Feb 15 2007 // There is another public hearing today in Boston on a proposed assigned risk plan for the Massachusetts auto insurance system, a plan that has been in the works and the subject of multiple hearings since 2003. Last month,...
Senate, House Get Bipartisan Bills to Repeal Insurance Antitrust Immunity
Feb 15 2007 // Senator Patrick Leahy (D-Vt.), chairman of the Judiciary Committee, joined with Senate Democratic and Republican leaders this week to introduce a bipartisan bill that would strip the insurance industry of its limited...
Insurance Journal-Demotech Report Identifies 139 Super Regional P/C Insurers
Feb 14 2007 // Hoping to spark a discussion of so-called “super regional” insurance carriers, Insurance Journal magazine (Feb. 12 issue) this week is publishing its first list of Super Regional Property Casualty Insurers™,...
Florida Insurers Fight Emergency Rule
Feb 14 2007 // Insurance companies are seeking to invalidate an emergency rule adopted last month by the Florida Financial Services Commission that restricts their right to price and drop homeowners policies. The rule, 690ER07-01,...
Hiscox Acquires Dutch Art Insurer’s Renewal Rights
Feb 14 2007 // Hiscox, the Bermuda-based Group that specializes in fine arts coverage in the US and the UK, “announced the acquisition of the renewal rights of Eriks Assuradeuren, a Dutch insurer specializing in commercial fine...
Industry Defends Job, Education as Rating Factors in Fla. Inquiry
Feb 13 2007 // Insurers are defending the factors they use in pricing auto insurance, including the occupation and education levels of insureds, arguing that the criteria have been actuarially tested for their ability to predict...
