Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
A Year Later, Insurers Report 95% of Katrina Claims in La. and Miss. Settled
Aug 22 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...
Insurers: Trial Bar Short on Facts in Katrina Charges
Aug 22 2006 // Trial attorneys’ charges that the insurance industry is putting profits over people in the handling of claims from Hurricane Katrina are being dismissed by industry trade groups. The Florida Insurance Council (FIC),...
Judge denies California insurers’ lawsuit to stop auto rate regs
Aug 21 2006 // A Sacramento Superior Court judge has rejected the insurance industry’s request for an injunction against auto insurance rate regulation reforms in California, but the legal challenges will not end...
Golf Course Risks and Greek Mythology
Aug 21 2006 // In Greek mythology, Sisyphus was a deceitful king who was condemned to spend eternity pushing a giant boulder up a mountain. As Sisyphus approached the peak of the mountain, the rock would elude him and roll back down to...
Declarations
Aug 21 2006 // Dangerous rum “The burning rum stuck to her skin and continued to burn as she fell to the floor and tried to put herself out.” From a lawsuit filed by a Miami woman who alleges she was severely burned by...
Floridians begin to question insurers’ ‘pup companies’
Aug 21 2006 // A lot of Floridians have had their homeowners insurance company — call it XYZ Florida Insurance — increase their premium because of huge losses. Weeks later, the residents see XYZ Insurance USA, based in...
Insurer’s injured workers’ data stolen; sold on Internet
Aug 21 2006 // Personal information on 72 workers’ compensation claimants was stolen from Wisconsin-based Sentry Insurance and later sold over the Internet, the company said. The data sold included names and Social Security numbers...
Insurer to Refund $1M to Ga. Policyholders
Aug 18 2006 // Georgia Insurance Commissioner John W. Oxendine announced he has ordered a Kansas insurance company to return $1,016,518 in overcharges to 159 Georgia customers. Oxendine said Universal Underwriters Insurance Company will...
La. Governor Meets With Insurers About Hurricane Problems
Aug 18 2006 // Gov. Kathleen Blanco met with representatives of at least a dozen of Louisiana’s largest property insurers on Aug. 17, hoping to ease jitters and keep them in the state after hurricanes Katrina and Rita. Blanco wants...
Chicago Fort Dearborn Life Acquires HM Life Insurance Company
Aug 17 2006 // Chicago-based Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corp. (HCSC), a Mutual Legal Reserve Company, has completed the acquisition of the life and disability business of HM Life Insurance...
