Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mississippi surprise?
Jan 29 2007 // The insurance industry, or at least State Farm, was surprised earlier this month when the insurer lost a closely-watched Mississippi case involving wind and water damage from Hurricane Katrina. “We did not expect...
Bond Insurer MBIA to Pay $75 Million to End Reinsurance Probe
Jan 29 2007 // MBIA Corp., a large insurer of municipal bonds, has agreed to pay $75 million to settle an investigation by federal and New York state authorities into its accounting for a 1998 transaction, people familiar with the matter...
Pricing discipline key to P/C insurers’ repeat performance in 2007
Jan 28 2007 // News Currents Property casualty insurance industry earnings may have peaked in 2006 but that doesn’t mean 2007 will see a reversion to reckless price cutting and relaxed underwriting, according to experts observing...
Slip slidin’ away: The deterioration of the late notice defense
Jan 28 2007 // Through a series of opinions, courts seem to be gradually chipping away at insurer’s policy defenses based on late notice of claim or suit, or failure to forward suit papers. The new trend started when the Supreme...
Editor’s Note: Keeping score
Jan 28 2007 // Although 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases are about notification...
Editor’s Note: Mississippi surprise?
Jan 28 2007 // The case appears to be more about how one insurer handled a particular claim and not a ruling with widespread impact on the industry. The insurance industry, or at least State Farm, was surprised earlier this month when...
News Currents
Jan 28 2007 // Study: 20% of customers consider switching insurers after collision Nearly one out of every five customers considers switching insurance companies after a collision claim, according to a new the J.D. Power...
8 Customer satisfaction doesn’t guarantee agent, insurer loyalty
Jan 28 2007 // U.S. has second-highest level of satisfaction 9 Calif. Commissioner Poizner sworn in Vows to keep office independent, nonpartisan 10 Calif. declares claims emergency Freezing temperatures create citrus losses 12 Biggest...
Cyber liability market is older, wiser, smarter and still growing
Jan 28 2007 // The need for cyber coverage is growing. More companies are growing their revenue through online sales. As a result, they are becoming more exposed. Beginning a New Year provides an opportunity to reflect on challenges and...
Commercial insurers’ stocks reflect 4th quarter profits, calm storm season
Jan 28 2007 // Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices...
A look behind the very good P/C results for 2006
Jan 28 2007 // This is the most remarkable statistic of all. The combined ratio we estimate to be about 94 for the year. That would be the best result since 1955. News Currents The numbers, or estimates, for the property casualty...
Insurer to investigate Vermont diocese’s sex abuse
Jan 28 2007 // An insurance company for the Roman Catholic Diocese of Burlington, Vermont wants to investigate the church’s conduct in 27 cases of alleged child sex abuse by a former priest before paying the costs of litigation...
Editor’s Note: Southern surprise?
Jan 28 2007 // The case appears to be more about how one insurer handled a particular claim and not a ruling with widespread impact on the industry. There was an important court ruling in Mississippi earlier this month that had the whole...
8 N.Y.’s Interboro Mutual’s back in
Jan 28 2007 // Long Island insurer reborn as stock insurer 8 Delaware agents groups to merge Group will be both Big ‘I’ and PIA 8 Mass. Diocese gives files to insurers Insurers may review handling of abuse cases 10 Royal...
Insurers gain access to Mass. diocese abuse files
Jan 28 2007 // A judge has ordered the Roman Catholic Diocese of Springfield, Mass. to release thousands of pages of documents in a dispute between the church and seven of its insurance carriers over settlements with clergy sex abuse...
There’s lot insurers do not like in Florida’s property insurance fix
Jan 28 2007 // Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 28 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
State Farm Storm Surge Settlement Could Scare Insurers from Mississippi Market
Jan 26 2007 // A landmark legal settlement with State Farm Fire & Casualty Co. promises to jump-start the rebuilding process for thousands of Mississippi homeowners devastated by Hurricane Katrina, but critics warn the deal could...
Miss. AG Hood Turns Up Heat on Insurers to Settle Katrina Disputes
Jan 26 2007 // Mississippi Attorney General Jim Hood, fresh from a settlement with State Farm over a class action lawsuit and thousands of other disputed Hurricane Katrina property insurance claims, wants other insurers to follow State...
Mass. Panel Seeks More Low Cost Health Plan Options
Jan 25 2007 // The panel assigned with turning Massachusetts’ groundbreaking health care law into a reality sent insurers back to the drawing board this week, saying they need to do a better job at coming up with low cost health...
