Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
La. lawmakers support overhaul of Citizens Insurance Company
Mar 26 2007 // Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms. Sen. James David Cain, chairman of the Senate Insurance...
Top 10 myths of D&O liability insurance
Mar 26 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
La. Commissioner Wants $100M Fund to Entice Insurers to State
Mar 26 2007 // Louisiana Insurance Commissioner Jim Donelon wants to use $100 million in state money as financial incentives for insurers, hoping the lure will make companies more likely to write homeowners policies in coastal...
Cracker Barrel Restaurant Chain Sues Insurers Over Harassment Claims
Mar 26 2007 // Restaurant chain Cracker Barrel is suing two of its insurance carriers, claiming they did not reimburse the company after it settled sexual and racial harassment claims for $2 million. The lawsuit filed last week in U.S....
Okla. Commissioner: Faith-based benefit firm considered an insurer
Mar 26 2007 // TITLE: Okla. Commissioner: Faith-based benefit firm considered an insurer A Tulsa, Okla.-based Christian organization that pools member money to pay medical bills, but says it isn’t an insurance company, is still...
Top 10 ways for California surplus line brokers to avoid E&O exposures
Mar 26 2007 // Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states. Surplus line brokers...
New insurer caters PUREly to Florida’s wealthiest residents
Mar 26 2007 // Florida’s wealthy residents have a new personal lines insurer promising to save them money on premiums. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess...
McCarran repeal: Beware of negative unintended consequences
Mar 26 2007 // The McCarran-Ferguson Act enacted in 1945 provides for the continued regulation of insurance by the states and a narrow exemption from the general federal antitrust laws. The exemption is limited to activities that...
Top 10 ways for California surplus line brokers to avoid E&O exposures
Mar 26 2007 // Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states. Surplus line brokers...
Tank containers and the inland marine market
Mar 26 2007 // They’re more difficult to handle, but the cargo carriers are aware of the risks,” said Ben Armistead, chairman of Greenwich Transportation Underwriters (GTU) in Nashville, Tenn. “A lot of things can...
McCarran repeal: Beware of negative unintended consequences
Mar 26 2007 // The McCarran-Ferguson Act enacted in 1945 provides for the continued regulation of insurance by the states and a narrow exemption from the general federal antitrust laws. The exemption is limited to activities that...
INSURER NOT LIABLE IN CONN.’S AVAN MOUNTAIN CRASH
Mar 26 2007 // A federal judge has ruled that the insurance company for a Bloomfield trucking company involved in a fiery fatal crash on Avon mountain does not have to pay victims and families of those killed. The ruling involves...
McCarran repeal: Beware of negative unintended consequences
Mar 26 2007 // The McCarran-Ferguson Act enacted in 1945 provides for the continued regulation of insurance by the states and a narrow exemption from the general federal antitrust laws. The exemption is limited to activities that...
La. lawmakers support overhaul of Citizens Insurance Company
Mar 26 2007 // Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms. Sen. James David Cain, chairman of the Senate Insurance...
Insurer to Pay $17.5 Million in Conn. I-84 Faulty Construction Claim
Mar 23 2007 // The insurer behind the performance bond for part of the troubled Interstate-84 construction in Connecticut will pay $17.5 million to settle claims involving installation of defective drains, according to an agreement...
Md. Senate Committee Nixes Bill Forcing Insurers to Write on Coast
Mar 22 2007 // Maryland has decided not to require home insurers to cover all areas of the state, even coastal areas. The state Senate was considering a bill to require the insurance after state’s second-largest home insurer —...
Merck Fights Vioxx Class Action Suit Brought by Insurers
Mar 21 2007 // Health insurers and union health plans nationwide should not be allowed to sue Merck & Co. jointly to recover money they paid for Vioxx prescriptions, a lawyer for the drug maker argued this week in opposing a lawsuit...
Insurer Delivers First Check to Aid Tornado-Stricken Ala. Town
Mar 21 2007 // Representatives from a Boston-based insurance company personally presented a $2 million check to Gov. Bob Riley and Enterprise city officials as the first installment toward the coverage of two Enterprise schools damaged...
As Insurance Premiums Soar After Katrina, Some in La. Are ‘Going Bare’
Mar 21 2007 // Disgusted with his insurance company after Hurricane Katrina, the Rev. Simmie Harvey let his New Orleans homeowner policy lapse and left his house in the hands of a higher power. Somebody up there must like the 88-year-old...
La. Lawmakers Support Overhaul of Citizens Insurance Company
Mar 19 2007 // Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms. Sen. James David Cain, chairman of the Senate Insurance...
