Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Insurers Say They Learned Lessons from Hurricane Katrina
Aug 29 2006 // Texas insurers were thankful that Hurricane Katrina avoided the state’s coastal property, but the storm provided the industry valuable lessons in dealing with future catastrophes. Hurricane Katrina forced companies...
Fla. Workers Comp Insurers File for 13.3% Rate Reduction
Aug 29 2006 // Workers compensation insurers have filed to reduce rates in Florida an average 13.3 percent statewide next year. Florida Insurance Commissioner Kevin McCarty said the cut, if approved, would produce a savings of over $400...
R&M Report Assesses Top U.K. General Insurers
Aug 28 2006 // Dublin-based Research and Markets has added a U.K. “General Insurance Market Assessment 2006” to their offering. The report examines the state of general insurance in the retail market in the UK in 2006. It...
California Lawmakers Enter Final Days of 2005-06 Session
Aug 28 2006 // California lawmakers on Monday will begin the final days of the 2005-2006 legislative session, which ends midnight Aug. 31. The following, by Sam Sorich, president of the Association of California Insurance Companies, is a...
Another Federal Laptop Stolen: Motor Carrier Licenses May Be At Risk
Aug 27 2006 // A laptop that might contain personally identifiable information on 193 people who have commercial driver’s licenses was stolen in Baltimore this week, transportation officials said Friday. The Federal Motor Carrier...
Republican Blames Own Party for Failing to Solve Fla. Insurance Crisis
Aug 27 2006 // Republican state Rep. Juan Zapata said his own party has failed Floridians by not coming up with a solution to the state’s insurance crisis and accused a fellow GOP lawmaker who has had a large role in insurance...
La. Man Booked for Trying to Defraud Insurance Company
Aug 25 2006 // A 29-year-old Louisiana man has been arrested for filing a bogus auto insurance claim in an attempt to defraud his insurance company, state police said Aug. 23. Glynn Johnson Jr., formerly of New Orleans, was arrested in...
Insurers Failing To Hit ROI for IT Projects, Survey Says
Aug 25 2006 // While insurers are increasingly embracing the use of return on investment (ROI) to measure the success and failure of IT projects, many are failing to meet their own targets, according to a new survey released by...
Marsh Given OK to Accept Contingent Pay When Serving as MGA
Aug 25 2006 // In a departure from their $850 million agreement prohibiting all contingent payments, New York officials have agreed to let Marsh & McLennan Cos. Inc. (MMC) accept contingent commissions from an insurer for which...
Commerce Insurance Says Mass. Doesn’t Need Assigned Risk Plan
Aug 24 2006 // The state’s largest auto insurer and the lead plaintiff in the fight against Massachusetts Insurance Commissioner Julianne Bowler’s effort to install an auto insurance assigned risk plan is hoping that Bowler...
N.H. Town May Bill Driver’s Insurer for Gas Leak
Aug 24 2006 // Emergency officials in Salem, New Hampshire are considering billing a driver’s insurance company for a car crash that caused a propane leak last week and shut down part of Route 28 for over a day. Officials estimated...
Floor Maker Congoleum in Bankruptcy Battle with Insurers
Aug 23 2006 // Floor covering maker Congoleum Corp. is facing a contest for control of the outcome of its bankruptcy case with insurers and bondholders who have filed a rival Chapter 11 plan. Continental Casualty Co., Continental...
Fla. Sets Hearings on Home Insurers’ Rate Hikes
Aug 23 2006 // The Florida Office of Insurance Regulation has scheduled public hearings on rate filings submitted by First Home Insurance Company, Metropolitan Casualty Insurance Company, Southern Fidelity Insurance Company, and First...
Mass. Supreme Court Upholds Auto Assigned Risk Plan
Aug 23 2006 // The Massachusetts Supreme Judicial Court has unanimously ruled that the state insurance commissioner has the authority to create an assigned risk plan to replace the existing reinsurance plan for insuring high-risk...
Commerce Insurance Group Reorganizes at Top
Aug 23 2006 // The board of directors of The Commerce Group, Inc. has created two new positions to lead the company’s property and casualty insurance operations within and beyond Massachusetts. “As Commerce continues to grow...
Mass. Regulator Looks Ahead After Court Ruling Clears Way for Assigned Risk Plan
Aug 23 2006 // “We’re one step closer to operating like a normal market.” That’s how Massachusetts Insurance Commissioner Julianne Bowler greeted the news that the state Supreme Judicial Court had upheld her...
Minn. Collins Offers Umbrella Coverage Reinsurance Program
Aug 22 2006 // John B. Collins Associates, Inc. has opened a new facility to provide help to regional insurers writing umbrella coverage. According to the Collins’ written statement the goal was to help insurers across the United...
Coalition Says Insurer Group’s Disaster Plan is Insufficient
Aug 22 2006 // With the first anniversary of Hurricane Katrina one week away, the American Insurance Association (AIA) has unveiled a National Catastrophe Agenda designed to reinforce resilience to catastrophic hurricanes. But not...
Insurers Urge Tougher Building Codes for Fla. Panhandle in Today’s Vote
Aug 22 2006 // In its vote today, the Florida Building Code Commission should adopt the same windborne debris requirements for the Panhandle that are in place throughout Florida, insurers have urged. “The commission should adopt...
Trial Attorneys Claim Insurers Putting Profits Over People in Katrina’s Wake
Aug 22 2006 // One year after Hurricane Katrina swept across the Gulf Coast, the Academy of Florida Trial Lawyers (AFTL) and the Association of Trial Lawyers of America (ATLA) are launching a national petition drive calling on insurance...
