Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Group Presents 2006 Service Awards
Sep 20 2006 // The National Association of Mutual Insurance Companies presented 2006 Service Awards at its annual business meeting held this week in Tampa, Fla. The five recepients included Midwesterner Terry Wendorff, CPCU, president...
Insurer ProMutual Offers Captive-Like Option to Medical Facilities
Sep 19 2006 // ProMutual Group, a provider of medical malpractice liability insurance in the Northeast, recently launched ProSolutions Insurance Company, an alternative capptive-like insurance entity designed to assist medical facilities...
Lawyers Seek to Lift W. Va. Ban on Certain Bad Faith Suits
Sep 19 2006 // While West Virginia Gov. Joe Manchin and the insurance industry credit last year’s ban on “third party, bad faith” lawsuits for $77 million in policy rate cuts, Jenny Bonham believes it helped one insurer...
Fla. Orders 5 Workers’ Comp Insurers to Refund ‘Excess Profits’
Sep 19 2006 // Florida Insurance Commissioner Kevin McCarty has ordered five workers’ compensation insurance carriers to return what his department has determined are excessive profits totaling $649,363.00. Workers’...
N.J.’s National Atlantic, Commerce Group of Mass. in Talks
Sep 19 2006 // New Jersey property casualty insurer National Atlantic Holdings Company has confirmed that it is engaged in preliminary discussions regarding potential transactions with The Commerce Group, Inc. of Webster, Mass. The...
Report Identifies Major Risks for P/C Insurers
Sep 19 2006 // Casualty Actuarial Society, ERM Institute International, Ltd (ERM-II), and the CAS/SOA Risk Management Section have released the results of a major research project titled “Enterprise Risk Management for...
Insurers Have Work to Do on Own Business Continuity Plans
Sep 18 2006 // Insurance carriers recognize the need for having a business continuity plan in place, according to a survey recently conducted by IVANS, however, much work still needs to be done in the area of disaster recovery to be...
Insurer Association Urges Veto of Calif. Punitive Damages Bill
Sep 18 2006 // The Association of California Insurance Companies (ACIC) is urging Governor Arnold Schwarzenegger to veto punitive damage recovery legislation that it says “makes no public policy sense from either a fiscal or legal...
Ohio Ward Group Conducts Customer Retention Study for Insurers
Sep 18 2006 // Cincnnati, Ohio-based Ward Group, a provider of benchmarking and best practices consulting services, is conducting an in-depth study of customer retention at both personal lines and commercial lines property-casualty...
E&Y Survey: 80% of EU Insurers Start Solvency II Compliance; Will Affect U.S.
Sep 15 2006 // The shoe doesn’t fall until 2010, but already, according to a survey by the Ernst & Young Global Insurance Centre, 80 percent of “major European insurance companies have already begun Solvency II (SII)...
Two Calif. Insurers File For Rate Reductions
Sep 15 2006 // Two insurers have filed for rate decreases in California. According to the California Department of Insurance, 21st Century, the state’s fifth largest auto insurer, with more than 740,000 policy holders, is seeking a...
R&M Report Analyzes Chinese Insurers
Sep 14 2006 // Dublin-based Research and Markets has added a new report on the Chinese insurance industry to their offering. “‘China Insurance Sector Analysis (2006)’, provides extensive research and objective analysis...
Minn. Travelers Introduces Insurance Company Bond Product
Sep 14 2006 // Minn.-based Travelers Insurance is offering increased protection for employee dishonesty fraud and other related losses under a newly-enhanced product recently introduced by the company. Travelers SelectOne(SM) for...
La. Gov. Looking at Whether to Plug State Dollars Into Citizens
Sep 14 2006 // Louisiana Gov. Kathleen Blanco said Sept. 12 that she’ll consider a partial state bailout for Louisiana’s insurer of last resort, which borrowed $1 billion to pay off claims after hurricanes Katrina and...
AMS 360 v2.0 Delivers Increased Productivity and Streamlined Connectivity
Sep 14 2006 // Innovative Agency Management System Achieves Wide Industry Adoption Bothell, Wash. – AMS Services, a leading provider of software solutions for the insurance industry, today announced the general availability of AMS...
House Subcommittee Hears Testimony on Coastal Insurance Market
Sep 13 2006 // The House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, heard testimony today from industry advocates to discuss the need for public and private sectors to work...
Insurers Urge Calif. to Drop Proposed Rate of Return Regulations
Sep 13 2006 // Three property/casualty insurance trade associations urged the California Department of Insurance (CDI) to abandon proposed regulations that would radically change how the CDI reviews and approves insurance company rate...
Western Agents Upset Brokers Working Against Compensation Agreements
Sep 12 2006 // Reacting to an investors’ conference last week at Keefe, Bruyette & Woods in New York, the Western Insurance Agents Assocation issued a release indicating it is upset that brokers and insurers who broke the law...
Fla. Considers Standards for Home Insurers’ Mitigation Discounts
Sep 12 2006 // Florida home insurance companies may have to spell out standardized premium discounts homeowners would get for certain home improvements under a recommendation discussed Thursday by a state panel. The Property and Casualty...
Texas Insurer Group to Host Legislative Forum in Nov.
Sep 11 2006 // Southwestern Insurance Information Service will host a Public Policy Forum, “A Preview of the 2007 Legislative Session,” on Nov. 10, 2006, at the Crown Plaza Hotel in Dallas, Texas. The event will offer 2.0...
