Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.H. private school says insurer didn’t do flood insurance homework; sues for buildings’ damages
Jan 8 2007 // St. Paul’s School in Concord, N.H. has filed a lawsuit accusing its insurer of refusing to cover most of the $5 million the school has spent repairing buildings and grounds damaged by flooding. In May, floodwaters...
Blueprint for Contractors Liability: Building the case for contractors … and underwriters
Jan 8 2007 // For a contractor — and his insurance agent — surveying the general liability insurance landscape, the options can seem overwhelming. Trying to navigate through a vast assortment of carriers and coverages is...
N.Y., Conn., Ill. AGs bring another suit, this time against Acordia
Jan 8 2007 // The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit against one of the nation’s largest insurance...
Subcontractor default insurance
Jan 8 2007 // Performance bonds or SDI: how they work and what’s the difference The financial health and stability of subcontractors is a constant concern of general contractors. To protect against subcontractor default,...
Contractors not buying into professional liability
Jan 8 2007 // Ames & Gough survey finds as many as 50% of contractors not covered Contractors, project owners, and project finance professionals are increasingly interested in the niche market of contractors’ professional...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 8 2007 // P/C industry posts $24.4 billion net gain on underwriting in first three quarters of 2006 Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty...
N.H. private school says insurer didn’t do flood insurance homework; sues for buildings’ damages
Jan 7 2007 // St. Paul’s School in Concord, N.H. has filed a lawsuit accusing its insurer of refusing to cover most of the $5 million the school has spent repairing buildings and grounds damaged by flooding. In May, floodwaters...
Editor’s Note: Bi-cycling
Jan 7 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Dissecting a claims made policy
Jan 7 2007 // You’ve heard the phrase: “If I could predict the future, I would be wealthy.” If our industry truly could do that, underwriting, rating and pricing would become the easiest tasks on the planet. Short of...
Insurers seek Indiana Supreme Court review of family’s damage award
Jan 7 2007 // Insurance industry trade groups are asking the Indiana Supreme Court to review an appeals court decision that awarded damages for emotional distress to the family of an injured man, saying it could set a costly...
If asbestos claims were covered by claims-made insteadof occurrence forms, insurers likely would not be
Jan 7 2007 // paying claims today.
Editor’s Note: Credit scoring an issue in 2007
Jan 7 2007 // Even though 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...
Editor’s Note: Bi-cycling
Jan 7 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Case Law Watch
Jan 7 2007 // Cancellation and Nonrenewal John Gibson Auto Sales Inc. v. Direct Insurance Company (Ark. App., Div. III and IV, Dec. 20, 2006) Arkansas statute deemed inapplicable. Insured brought suit against insurer for denial of auto...
News Currents
Jan 7 2007 // Miss. AG’s Katrina case moved to state courts A federal judge agreed in late December to transfer Missis-sippi Attorney General Jim Hood’s lawsuit against insurance companies over Hurricane Katrina damages from...
La. judge: Insurers liable for water
Jan 7 2007 // Even though a homeowner’s insurance policy said floods were not covered, leaving that statement out of the application left the company liable for damages to a house destroyed by Hurricane Rita’s winds and...
Dissecting a claims made policy
Jan 7 2007 // You’ve heard the phrase: “If I could predict the future, I would be wealthy.” If our industry truly could do that, underwriting, rating and pricing would become the easiest tasks on the planet. Short of...
N.Y., Conn., Ill. AGs bring another suit, this time against Acordia
Jan 7 2007 // News Currents The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit against one of the nation’s...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 7 2007 // News Currents Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months....
Contractors not buying into professional liability Ames & Gough survey finds as many as 50% of contractors not covered
Jan 7 2007 // Contractors, project owners, and project finance professionals are increasingly interested in the niche market of contractors’ professional liability insurance (CPLI), according to a recent survey of insurers writing...
