Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.Y., Conn., Ill. AGs Bring Another Suit, This Time Against Acordia
Dec 19 2006 // The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit today against one of the nation’s largest...
Vermont Sprucing Up Welcome Mat for Life Reinsurance Captives
Dec 19 2006 // Vermont officials are looking to ride the latest wave in captive insurance company formations– companies looking to reinsure life insurance policies. The Vermont Department of Banking, Insurance, Securities and...
Montana Approves Health Insurance Company
Dec 18 2006 // Montana State Auditor John Morrison has approved the formation of a new health insurance company in the state, only the third headquartered in Montana. Morrison said regulators have determined that Allegiance Life &...
Insurer Says it Settled with Astros Over Bagwell Claim
Dec 18 2006 // An insurance company said it has settled a lawsuit the Houston Astros filed after the team’s claim to recoup $15.6 million of injured first baseman Jeff Bagwell’s contract was denied. Connecticut General Life...
Wis. Insurer Confirms Payout of $67,500 in Confrontation Case
Dec 18 2006 // The insurance company for the North Lake Fire Department says it paid $67,500 to settle a federal lawsuit over a confrontation by two firefighters with a fisherman last year. The amount was disclosed by Continental Western...
Maryland’s Biggest Malpractice Insurer to Cut Premiums 8%
Dec 18 2006 // The largest medical malpractice insurer in Maryland is looking to drop premiums by 8 percent for next year in what would be its first rate reduction since at least 1992. The potential premium cuts by Medical Mutual...
Insurer for Orthodox Church in Texas Settles Abuse Claim
Dec 18 2006 // The insurance company for the Russian Orthodox Church Outside of Russia has settled a claim by a man who says he was abused as a teenager by monks at a monastery in Blanco, Texas. The settlement agreement, which included a...
Insurers Seek Springfield, Mass. Church Documents on Sex Abuse
Dec 15 2006 // A judge is weighing whether to order the release of thousands of pages of Springfield (Mass.) Diocese documents in a dispute between the church and seven of its insurance carriers over settlements with clergy sex abuse...
Recovery Czar to Meet with Insurer Regarding Southern La.
Dec 14 2006 // Federal recovery czar Donald Powell says he plans to meet with St. Paul Travelers Companies Inc. about the company’s recent decision not to renew commercial property insurance policies in southern Louisiana. During a...
Virginia Property Owners Alerted to Insurers’ Higher Deductibles
Dec 14 2006 // Virginia’s Bureau of Insurance is advising property owners in the state that several top writers of property insurance are imposing mandatory hurricane deductibles of five percent on new and renewal policies. Many of...
Ill. Trial Attorney Decides to Open Med Mal Insurance Company
Dec 12 2006 // In Illinois’ intense debate over the cost of medical malpractice, insurance companies and trial lawyers are often bitter enemies. Kim Presbrey is determined to change that. A former president of the Illinois Trial...
Report Details How Conn. Economy Still Depends Upon Insurance Sector
Dec 11 2006 // Connecticut remains dependent upon the insurance sector for many of its jobs and much of its economic growth, a new report by an industry coalition confirms. The state has triple the U.S. average of insurance carrier jobs...
Dissecting a claims made policy
Dec 11 2006 // Editor’s note: This is the first installment in a three-part series discussing the anatomy of a claims made policy. Parts II and III will be printed in future issues of Insurance Journal’s West region...
A state-based insurance safety net
Dec 11 2006 // The best choice for consumers is the tried and true property/casualty guaranty fund system administered by the states From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the...
Can the stand-alone market withstand TRIA ending?
Dec 11 2006 // The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent...
Farm Insurer Must Pay $512,000 in Restitution for Fraud Scheme
Dec 11 2006 // The former president of Crop Hail Management Inc. in Bigfork, Mont., has been sentenced to more than three years in prison and ordered to pay $512,000 in restitution for money laundering and fraud. Myron “Mike”...
A state-based insurance safety net
Dec 11 2006 // The best choice for consumers is the tried and true property/casualty guaranty fund system administered by the states From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the...
Homeowners want insurance carriers to offer identity theft coverage
Dec 11 2006 // More than 40 percent of consumers would like their homeowners insurance carrier to offer coverage for identity theft, according to a study released by J.D. Power and Associates. The “2006 Homeowners Insurance...
A state-based insurance safety net
Dec 11 2006 // The best choice for consumers is the tried and true property/casualty guaranty fund system administered by the states From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the...
N.Y. auto profits hit
Dec 11 2006 // Auto insurance companies are profiting at unprecedented levels from New York drivers who are spending more on insurance premiums while the industry pays out less in claims, New York City Comptroller William C. Thompson Jr....
