Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
News Currents
Aug 7 2006 // Companies step up to take Texas Select policyholders Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the...
When insuring international trade, expect the world
Aug 7 2006 // Shipments are delayed, damaged, lost or stolen around the globe with a frequency that is probably not surprising. What is surprising is how significantly the effects of those losses could be mitigated. Think how few things...
Fighting future losses in the midst of fire season
Aug 7 2006 // With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned,...
Hawaii obtains reinsurance to take control of Vesta subsidiary
Aug 7 2006 // News Currents Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as...
California insurers sue department to stop auto insurance regulations
Aug 7 2006 // News Currents Three insurance trade groups filed a lawsuit seeking declaratory and injunctive relief to stop enforcement of California Department of Insurance auto rating regulations they said will harm millions of...
New breed of pampered pet services creates market for insurers
Aug 7 2006 // With pet-friendly hotels, doggie happy hours and pet massages available today, this world might truly have gone to the dogs—and cats. According to the American Pet Products Manufacturers Association Inc., 63 percent...
Wagging the dog
Aug 7 2006 // Until recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes that struck Florida, New Orleans, Texas and other...
Program Snapshots
Aug 7 2006 // Program business comes in all shapes and sizes—even definitions. What looks like an insurance program to one might not be a program to another. Program business can be difficult to pinpoint, according to Ray Scotto,...
Don’t rush the courtship
Aug 7 2006 // If understanding and pricing risk are the essence of insurance, then mitigating risk is the essence of insurers’ and their agency partners’ profit. New research shows how partnerships between insurance...
Target Markets leaders see now as good time to shop proven programs
Aug 7 2006 // Despite soft market conditions, program carriers are less than enthusiastic about jumping at the chance to start a new program, according to two industry experts. But times may be ripe for a program manager who is less...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Miss. Katrina Suits: Key Wind-Water Ruling Expected Soon; Other Plaintiffs Seek Joint Trial
Aug 4 2006 // Lawyers for hundreds of Mississippi homeowners who sued their insurance companies for denying their claims after Hurricane Katrina are fighting to keep the cases joined in a “mass action” rather than split up...
Fla. Candidates Jockey Over How to Fix Insurance Crisis
Aug 4 2006 // In his second television campaign ad, State Sen. Rod Smith says that if elected governor, he will fix the state’s homeowners insurance crisis and rein in rate increases, calling them “unacceptable.” The...
GeoVera Offers Homeowners Coverage to Texas Select Policyholders
Aug 4 2006 // Fairfield, Calif.-based GeoVera Holdings Inc., which entered the Texas homeowners market in April 2006, announced they are actively working with Texas producers to secure replacement coverage for policyholders insured with...
State-run Insurer Could Cover Dropped Allstate Policies in La.
Aug 4 2006 // Louisiana Citizens Property Insurance Corp., Louisiana’s state-run insurance company, could provide wind damage coverage for about 30,000 homeowners along the coast if Allstate Insurance Co. drops that coverage,...
USAA Insurance Seeks Approval for 22 Percent Rate Decrease
Aug 4 2006 // California Insurance Commissioner John Garamendi has issued a statement announcing his intention to review and consider approval of an average 22 percent decrease in homeowners insurance rates for policyholders of United...
TDI Announces June 2006 Enforcement Actions
Aug 3 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during June. The actions include eight license revocations, three license denials and fines and...
Pinnacle Entertainment Files Lawsuit Against Three Insurers
Aug 3 2006 // Pinnacle Entertainment Inc. announced that, on August 1, 2006, it filed suit in the U.S. District Court for the District of Nevada against three of its excess insurance carriers. The suit relates to the loss incurred by...
Western Agents Blast Insurers for Settlements Restricting Compensation
Aug 2 2006 // The Western Insurance Agents Association has issued a statement saying the settlement that St. Paul Travelers has just reached with attorneys general from Connecticut, Illinois, and New York is the latest attempt by an...
Pa. Firm Settles Salmonella Cases; Battles Among Insurers Next
Aug 1 2006 // The Pennsylvania-based convenience store chain Sheetz Inc. has settled all but a few customer lawsuits spawned by salmonella-tainted tomatoes sold at its stores two years ago. But complicated legal battles involving...
