Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Medical Liability Insurer Sold by Washington Commissioner
Sep 8 2006 // After operating a major insurer of the Washington’s rural hospitals and medical centers for more than three years under a court order, Insurance Commissioner Mike Kreidler has announced his intent to sell the...
Conn. Officials, Insurer Agree to 90-Day Moratorium on Shutter Rule
Sep 8 2006 // Connecticut Insurance Commissioner Susan F. Cogswell announced that Andover Insurance Company has agreed to suspend for 90 days the implementation of a department decision allowing the company to cancel the policies of...
Former NFL Star Terrell Davis Sues Insurer over Emmy Fracas
Sep 8 2006 // Former Denver Broncos star Terrell Davis has sued an insurance company claiming it refused to defend him in an earlier lawsuit related to an Emmy Awards after-party fracas. Davis sued Liberty Mutual Fire Insurance Co....
Fla. Commercial JUA Hires Carrier, Moves Closer to Operation
Sep 7 2006 // Florida’s residual market for commercial insurance is closer to realizing its plan to provide coverage for businesses with property valued under $1 million that can’t obtain coverage in the private insurance...
Shutter Diplomacy: Conn. Regulator Plans Coastal Insurance Forum
Sep 7 2006 // Connecticut Insurance Commissioner Susan Cogswell plans a public forum on Sept. 21 to air concerns over availability of property insurance in the state’s coastal areas. The forum is being called following reports of...
Aon Freed to Accept Contingent Pay When Serving as MGA
Sep 7 2006 // Aon Corporation said it has obtained agreement from five agencies in three states to amend its settlement agreements so that it can accept contingent compensation from an insurer for which Aon is acting as a general agent...
GMI Continues to Profit & Grow With FormsPlus
Sep 6 2006 // Three years after making the decision to automate their business auto, the future of their company never looked brighter. Over the past two years through aggressive underwriting and state of-the-art automation provided by...
FSA Fines Mortgage Insurer $106,000
Sep 6 2006 // The U.K.’s Financial Services Authority announced fines levied against Regency Mortgage Corporation Limited of £56,000 ($106,000) “for failures relating to its sale of mortgage related Payment Protection...
New Alternatives Aimed at Capacity Will Challenge Traditional Insurers
Sep 6 2006 // New alternative capacity markets are emerging that represent a more widespread challenge to the traditional insurance mechanism; while the alternative insurance market legacy structures, such as retentions and...
Revenue is King for P/C Insurers, But Bigger Isn’t Better, Study Reports
Sep 6 2006 // A comprehensive study of property and casualty insurance companies in North America, Western Europe and Australia has determined that the top line is more often the bottom line than previously thought. Bain finds that the...
Avreco Announces Ill. Malpractice Carrier Reduces Rates by 25 Percent
Sep 6 2006 // Ill.-based wholesaler Avreco has announced that one of its carriers has significantly reduced its medical malpractice rates for standard doctors, as well hard-to-place doctors within Illinois and outside of Cook County, by...
Fitch: P/C Insurers’ Performance Exceeding Estimates for ’06
Sep 6 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on first-half results and barring any unusual events going forward, the...
Insurance Watchdog Petitions California Commissioner to Bar ‘Outlaw’ Insurer
Sep 6 2006 // Ray Bourhis, the San Francisco lawyer who won multi-million dollar verdicts and settlements against UnumProvident is at it once again. Bourhis, who assisted in Eliot Spitzer’s investigation resulting in Unum being...
Texas Regulators Announce July 2006 Enforcement Actions
Sep 5 2006 // The Texas Department of Insurance recently announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include 24 license revocations, one license denial and fines and...
What’s Next in Terrorism Insurance Market…and Politics?
Sep 5 2006 // Terrorism insurance has become increasingly common and affordable five years after Sept. 11. But that market has only emerged with the federal government’s pledge to serve as an insurer of last resort — assistance...
Insurer’s Policies for Churchgoers Attract Christians
Sep 5 2006 // Diana Drees was taking her children to a home-school group at the family’s church when she swerved on an icy road and crashed her Nissan Altima into a fence. Because she was on her way to a church function —...
Pa. High Court Dismisses Insurer Appeal of $3.07M Award
Sep 5 2006 // The Pennsylvania Supreme Court has dismissed an appeal by Erie Insurance Exchange of a judge’s order to pay $3.07 million to a customer who alleged that her claim was mishandled. In a January 2002 case, Luzerne...
The Mass. liquor JUA serves up misleading market information
Sep 4 2006 // As a managing general agent for liquor liability insurance for over 20 years, I took great interest in a recent article in Insurance Journal titled, “Raising the bar on liquor liability training.” (See...
A year later, insurers report 95% of Katrina claims settled in La. and Miss.
Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
What the West Coast can learn from the Gulf Coast
Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled. Insurance companies have paid billions in storm damage claims, and the vast majority of...
