Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Oregon defeats Measure 42; insurers can continue to use credit scores
Nov 20 2006 // Oregon voters rejected Measure 42 — which would have banned the use of credit-based insurance scoring — by nearly a two-to-one margin of 65.58 percent to 34.42 percent in November’s election. The...
Calif. associations take issue with broker definition, OAL to weigh in
Nov 20 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 outgoing Insurance Commissioner John...
Washington’s online complaint guide deemed helpful, but incomplete
Nov 20 2006 // Washington Insurance Commissioner Mike Kreidler has launched a new Web-based tool for insurance consumers, called the annual Complaint Comparison Guide. The Washington guide is designed to allow consumers to search online...
DISABILITY INSURER SIGNS “MODEL” PACT OVER COMMISSIONS
Nov 20 2006 // UnumProvident Corp. disability insurance company has ended what New York Attorney General Eliot Spitzer called deceptive practices and secret payments to brokers, according to a $15.5 million settlement announced earlier...
SPECIAL REPORT: Surplus Lines
Nov 20 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
MODES OF INSURANCE REGULATION — WHO SUPPORTS WHAT?
Nov 20 2006 // H.R. 5637, the Nonadmitted and Reinsurance Reform Act, would: — Give sole regulatory and enforcement authority to the insured’s home state for the placement of surplus lines/nonadmitted insurance; —...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 20 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
Lame duck Romney team pushes ahead with high risk plan change
Nov 19 2006 // Opponents of the ARP have urged Bowler to leave the decision of what to do about the high risk system to the incoming Patrick administration. News Currents Massachusetts Insurance Commissioner Julianne Bowler said she...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 19 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
News Currents
Nov 19 2006 // Washington’s online complaint guide deemed helpful, but incomplete Washington Insurance Commissioner Mike Kreidler has launched a new Web-based tool for insurance consumers, called the annual Complaint Comparison...
News Currents
Nov 19 2006 // Calif. associations take issue with broker definition, OAL to weigh in The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West)...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 19 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
The Locomotive That Drive the Insurance Train
Nov 19 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Indiana Insurance Named ‘Insurer of the Year’ by Independent Agents
Nov 17 2006 // Loveland, Ohio-based Indiana Insurance, a member of Liberty Mutual Group, has been named the 2006 Indiana Insurance Company of the Year by the Independent Insurance Agents of Indiana (IIAI). The recognition came during the...
Texas Court of Appeals: Insurers Must Defend Samsung in EMF Suits
Nov 17 2006 // The law firm of Anderson Kill & Olick P.C., reported that the Texas Court of Appeals has ruled that Samsung Electronics America is entitled to defense coverage for class action lawsuits based upon the alleged harm...
Conn. Agents Told to Brace for Bill to Ban Contingent Pay
Nov 17 2006 // Connecticut Insurance Commissioner Susan Cogswell has warned independent agents in her state that they should expect to see legislation to restrict or wipe out their contingent commissions. She said that legislation should...
Flooding in Northwest Leaves Car Buyers Vulnerable, Insurer Says
Nov 16 2006 // As Western Washington residents brace for another spate of storm-induced flooding, one of Washington’s auto insurers warns of another form of saturation that could cost consumers – a wave of used cars on the...
3 Chinese Insurers Implement NeoMedia’s Mobile Technology
Nov 16 2006 // Florida-based NeoMedia Technologies, Inc. announced that three major insurance companies in China have signed agreements to use its patented direct-to-mobile-web qode® technology. Alltrust Insurance Company of China Ltd.,...
Gov. Blanco Wants Overhaul for Louisiana’s ‘Last Resort’ Insurer
Nov 16 2006 // Louisiana’s Legislature needs to overhaul the Louisiana Citizens Property Insurance Corp., created by the state as an “insurer of last resort,” because of problems created by last year’s hurricanes,...
Insurance Company Wants Alternative Entergy New Orleans Plan
Nov 16 2006 // An insurance company backing some of Entergy New Orleans Inc.’s bonds will propose a reorganization plan that, unlike the company’s plan, will not depend upon the utility getting a $200 million government...
