Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mich. appeals court hears oral arguments on use of credit scores
Oct 23 2006 // A hearing with oral arguments on the legality of the use of credit scoring in setting insurance rates took place in Lansing, Mich., this month at the Hall of Justice. The appeals hearing follows the ruling by Judge James...
Alabama coastal property owners face more insurer restrictions
Oct 23 2006 // Two of the Alabama’s largest insurance firms said they’re reducing coverage and increasing deductibles in Mobile and Baldwin counties, citing frequent hurricanes, coastal construction growth, lack of strong...
News Currents
Oct 23 2006 // Fla. gubernatorial candidates offer property insurance proposals If he is elected governor, Democratic gubernatorial candidate Jim Davis says Florida homeowners would see lower property insurance rates as soon as next year...
By U.S. Sen. Trent Lott
Oct 23 2006 // Why government should require insurance policies to declare what is NOT covered I have introduced legislation in the U.S. Senate to make future insurance policies easier for consumers to understand. The “Honesty is...
Honesty is the best insurance policy
Oct 23 2006 // I have introduced legislation in the U.S. Senate to make future insurance policies easier for consumers to understand. The “Honesty is the Best Insurance Policy Act” calls for requiring insurance companies to...
Former insurance company execs get 6 years
Oct 23 2006 // A federal judge sentenced two men to six years in prison for their roles in the failure of a Tulsa, Okla., insurance company, which had repercussions in both Texas and Oklahoma. Besides prison terms for convictions on...
Premium rating errors cost auto insurers more than $16 billion
Oct 23 2006 // In 2005, the private passenger auto insurance industry lost $16.2 billion because of premium rating error, according to San Francisco-based Quality Planning Corp.’s annual Premium Rating Error report. Data showed...
P/C market takes hold of rapidly developing identity theft solutions
Oct 23 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...
Editor’s Note: Thin ice
Oct 23 2006 // Identity theft costs American businesses and consumers a reported $50 billion, and victimizes an estimated 10 million people in the United States each year, according to the Federal Bureau of Investigation. While those...
Check technology helps insurance companies save time and money
Oct 23 2006 // Brokerage agencies and insurance companies across the country are changing the way they move money — taking advantage of a piece of legislation that allows them to process policyholder checks more quickly and...
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...
