Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Bustamante and Poizner in the final campaign stretch
Oct 23 2006 // From holding the line on new reforms to reducing uninsured motorists, a fair share of work lurks ahead for California’s soon-to-be-chosen insurance commissioner. Front-runners fighting for the honor of regulating...
Poor stepchild HO market about to smarten up
Oct 23 2006 // It’s worth $53 billion a year but the homeowners insurance market is largely unsophisticated and unloved, according to Brian Sullivan, editor of Risk Information Inc., which publishes the Property Insurance Report....
Brian Sullivan
Oct 23 2006 // Closer Look: Homeowners Poor stepchild HO market about to smarten up Exclusive interview with personal lines guru Brian Sullivan It’s worth $53 billion a year but the homeowners insurance market is largely...
P/C insurers’ profitability drops in first-half of 2006
Oct 23 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
Holdouts by Allianz, Royal Slowing Rebuilding of World Trade Center
Oct 22 2006 // Two insurers that owe more than $800 million in payments to the World Trade Center site developer will slow rebuilding if they don’t settle a lawsuit over how to divide the money, politicians and developers said last...
Insurers, Health Industry Top Contributors in Ohio Supreme Court Race
Oct 20 2006 // Insurance companies, health care providers and fellow lawyers top the lists of contributors to Republican candidates for two Ohio Supreme Court seats to be decided on Nov. 7, according to a report released on Wednesday. Of...
Mass. to Hear Revised High Risk Plan Nov. 10; April 2007 is Target Start Date
Oct 20 2006 // Massachusetts Insurance Commissioner Julianne Bowler has set Nov. 10 for a public hearing into her guidelines for moving the state’s auto insurance system for high risks from a reinsurance plan to an assigned risk...
Court Upholds Juries’ Rulings in World Trade Center Claims
Oct 19 2006 // A federal court has upheld the jury verdicts that recognized the two-plane terrorist attacks on the towers at the World Trade Center on Sept. 11, 2001 as a single event for some insurers and two events for others. A...
Delaware Warns Consumers of Coastal Coverage Woes; Ups FAIR Plan Limits
Oct 19 2006 // Delaware Insurance Commissioner Matt Denn warned consumers about some expected restrictions from homeowners insurance companies for coastal area homes, although he said he does not believe they will be as severe as other...
Survey: Commercial Market Softens, Insurer Appetite Increases
Oct 19 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Calif. Distributes $1.25 Billion to Policyholders of Failed Insurers
Oct 18 2006 // California Insurance Commissioner John Garamendi announced that the Department’s Conservation and Liquidation Office will distribute a record $1.25 billion to claimants of failed insurance companies during...
Hawaii Commissioner Warns Insurers of Discriminatory Practices
Oct 18 2006 // The Hawaii Insurance Division has issued a memo to all motor vehicle insurance insurers authorized in the state that discriminatory practices are prohibited, including those that award discounts. According to Commissioner...
Insurance Carriers Moving to Service-Oriented Architecture
Oct 17 2006 // The insurance industry is rapidly embracing Service-Oriented Architecture (SOA), as well as related Web services and standards, according to new TowerGroup research conducted in partnership with ACORD. The comprehensive...
Washington’s Mike Kreidler Vows to Protect Trust Relationship Between Insurers, Consumers
Oct 12 2006 // Watch Video Interview Washington – Mike Kreidler: Opening Up the Debate Washington Commissioner Mike Kreidler is proud of his state’s consumer record and how it has dealt with brokerage compensation and...
Fla. Gubernatorial Candidates Offer Hurricane Fund Proposals
Oct 12 2006 // If he is elected governor, Florida homeowners would see lower property insurance rates as soon as next year and a guarantee of at least partial coverage by the state, Democratic gubernatorial nominee Jim Davis said this...
Okla. Doctor Pleads Guilty to Defrauding Medicare, Private Insurers
Oct 12 2006 // An Alva, Okla., doctor faces up to 10 years in prison and a $250,000 fine after pleading guilty to defrauding Medicare out of $1 million. Gregory Glase Pinegar also will forfeit more than $400,000 as part of his plea...
Executive Says La. Safety Standards Could Help Attract Insurers
Oct 12 2006 // Homeowners insurance rates won’t drop anytime soon, but Louisiana has enacted safety standards since Hurricane Katrina that could help attract new insurance companies and moderate the costs, an insurance executive...
La. Court: ConocoPhillips Entitled to Defense Costs as Additional Insured
Oct 12 2006 // Judge Wilfred Carter of the Fourteenth Judicial District Court, Parish of Calcasieu, State of Louisiana, granted the motion for partial summary judgment of ConocoPhillips Company, successor-by-merger to Conoco Inc., that...
Mich. Appeals Court Hears Oral Arguments on Use of Credit Scores
Oct 11 2006 // A hearing on the legality of the use of credit scoring in setting insurance rates took place this week in Lansing, Mich. at the Hall of Justice. The appeals hearing follows the ruling by Judge James H. Fisher to strike...
Litigation Trends Continue to Mount Worldwide; Insurers Face Five Times the Average Number of Lawsuits
Oct 11 2006 // Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights over...
