Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Neb. insurers argue against benefits for state trooper in suicide case
Dec 11 2006 // Family members of a state trooper who killed himself after the 2002 Norfolk bank slayings face another court battle in their fight for workers’ compensation benefits they say they are owed. Several large insurers and...
Conn. agents could face fight on contingent pay
Dec 11 2006 // Insurance executives would likely create a replacement incentive should lawmakers in Connecticut ban contingent commissions, as the state regulator has warned could happen. Executives voiced their dismay over possible...
For regional carriers, predictive modeling is about more than pricing
Dec 11 2006 // Frank J. Coyne, chief executive officer of Insurance Services Office, recently warned that insurers unable to keep up in the technological arms race face a grim prognosis. The industry leader said a chasm is growing...
Zurich agrees to terms to close multi-state bid-rigging probe
Dec 11 2006 // In separate but related move, N.Y., Conn., Ill. tell four insurers contingent commissions no longer an option Ten states, led by Texas and its Attorney General Greg Abbott, have come to terms with Zurich American, closing...
Conn. pursues loss mitigation, market alternatives for coastal homes
Dec 11 2006 // Home insurers in Connecticut may no longer require permanently installed storm shutters as a condition for writing or renewing policies but must offer consumer choices of loss mitigation controls and deductibles, according...
P/C market takes hold of rapidly developing identity theft solutions
Dec 10 2006 // Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such as burglary, larceny and vehicle theft, reported last year. In today’s technology/information-driven...
A state-based insurance safety net
Dec 10 2006 // From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the question of state or federal regulation for insurers. Debate continues with participants anxiously assessing the impact...
Dissecting a claims made policy
Dec 10 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 10 2006 // From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the question of state or federal regulation for insurers. Debate continues with participants anxiously assessing the impact...
Can the stand-alone market withstand TRIA ending?
Dec 10 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...
It’s ‘haves’ vs. ‘have-nots’ in insurance technology race for survival
Dec 10 2006 // News Currents Spurred by intensifying competition, breakthroughs in analytics are transforming insurance markets, according to an industry leader. Sophisticated insurers able to harness large volumes of high-quality data...
More Punch for Programs
Dec 10 2006 // Today’s managing general agencies and carrier partners in the specialty program marketplace are enjoying profitable times while looking over their shoulders at new carriers and agents eager to enter the ring,...
Allstate to Halt New Property Business in Conn., N.J. and Del.
Dec 8 2006 // Allstate Insurance Co., continuing its reappraisal of its hurricane loss exposure along the East Coast, has decided to stop writing new property insurance policies in all areas of Connecticut, New Jersey and Delaware. The...
La. Gov. Urges Insurer to Reverse Plan to Stop Renewing Commercial Policies
Dec 7 2006 // Louisiana Gov. Kathleen Blanco met with the state’s largest commercial insurer on Dec. 5, trying to convince executives to reverse an earlier decision to stop renewing policies in the New Orleans area next year. St....
Hartwig to Speak in Austin at Insurer Group’s Public Policy Forum
Dec 7 2006 // Dr. Robert Hartwig, president-elect and chief economist for the Insurance Information Institute is scheduled to speak in January at a public policy forum hosted by Southwestern Insurance Information Service. SIIS announced...
Conn. Coastal Rules Could Make Matters Worse, Warn Insurers
Dec 7 2006 // Insurers aren’t happy with new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous policy and they warn that the rules could...
Insurer Group Names New Media Relations Director
Dec 7 2006 // The National Association of Mutual Insurance Companies (NAMIC) announced today that it has named Nancy Grover as its new media relations director. Grover, who will be based in NAMIC’s Washington, D.C. office, will...
Conn. Clamps Down on Shutters; Seeks Coastal Policy Alternatives
Dec 5 2006 // Home insurers in Connecticut may no longer require permanently installed storm shutters as a condition for writing or renewing policies but must offer consumer choices of loss mitigation controls and deductibles, according...
Insurers Get Serious About Enterprise Risk Management, Tillinghast Reports
Dec 5 2006 // Driven in part by increased demands from regulatory and rating agencies, enterprise risk management (ERM) has become integral to insurers’ business processes around the world. Sixty percent of survey respondents...
California To Rule on Industry Petition Becoming “Precedential Decision”
Dec 5 2006 // The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West) requesting review of the former Insurance Commissioner John Garmendi’s...
