Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.C. Appellate Court Sides with Insurer in Denying Pre-Storm Coverage
Aug 17 2006 // An insurance company legally denied coverage to a business seeking to renew its policy in the days before Hurricane Isabel struck North Carolina, the state’s Court of Appeals ruled Aug. 15. HPB Enterprises, the owner...
Associations Oppose Eliminating Contingent Commissions
Aug 16 2006 // The Alliance of Insurance Agents and Brokers has joined the Independent Insurance Agents and Brokers of America (IIAB) and Western Insurance Agents Association (WIAA) in criticizing regulators and public officials who seek...
Mass. Largest Auto Insurer Dropped from High Risk Board
Aug 16 2006 // Massachusett’s largest, locally-based auto insurer, which has frequently locked horns with the Romney administration, has been dropped from the board that oversees how high-risk drivers are apportioned among...
Arizona Puts the Heat on Insurers for Wildfire Protection
Aug 15 2006 // As wildfire season stretches across the Western states from June through September, Christina Urias, director of the Arizona Department of Insurance, has lit a fire under agents and insurers to work with their clients to...
99% of La. Insurers Extending Claims Period; Assistance Program Started
Aug 15 2006 // Reporting that more than 99 percent of homeowners insurers are voluntarily complying with his order to extend the prescriptive period for policyholders to file a lawsuit as result of a hurricane-related insurance claim,...
N.Y. Looks to Speed Comp Benefits to Ill 9/11 Rescue Workers
Aug 15 2006 // New York State has adopted a trio of laws designed to speed workers’ compensation benefits for workers and their families with claims related to 9/11 rescue efforts. The first new law enables many workers who became...
Judge Rules in Favor of Insurer in Miss. Wind vs. Water Case
Aug 15 2006 // In a highly anticipated ruling in one of the first wind vs. water insurance claims arising out of Hurricane Katrina, a Mississippi judge has upheld the exclusion for damage caused by water and water-borne materials in an...
Insurers in Louisiana Agree to Extend Hurricane Lawsuit Deadline
Aug 14 2006 // Commissioner of Insurance Jim Donelon says nearly all of Louisiana’s homeowners insurance companies, including State Farm and Allstate, have complied with his order to extend the prescriptive period for policyholders...
Mass. Auto Insurers Seek 3.7% Rate Cut for 2007
Aug 11 2006 // For the second year in a row, Massachusetts auto insurers have filed for rate reduction. For 2007, the industry’s rating bureau is recommending rates be cut an average 3.7 percent. If approved, that would mean about...
Insurers: Mich. Supreme Court’s Decision Will Reduce Asbestos Litigation Abuse
Aug 11 2006 // The Michigan Supreme Court’s decision to preclude trial courts from bundling asbestos cases for trial or settlement is an excellent first step toward restoring balanced justice in asbestos cases in the state,...
Calif. Approves USAA’s 8 Percent Auto Rate Reduction, Insurers Not Surprised
Aug 10 2006 // California Insurance Commissioner John Garamendi announced that he intends to approve an average 8 percent decrease in premium rates for policyholders of United Services Automobile Association (USAA), a move that the...
Judge Denies California Insurers’ Lawsuit to Stop Auto Rate Regs
Aug 10 2006 // A Sacramento Superior Court judge has decided to reject the insurance industry’s request for an injunction against auto insurance rate regulation reforms in California, but the legal challenges will not end...
Ohio Military Personnel to Benefit from $70 Million National Settlement
Aug 9 2006 // The Ohio Department of Insurance recently announced that the Department has joined a $70 million multi-state and federal settlement with Texas-domiciled American-Amicable Life Insurance Company and its affiliates regarding...
Delaware Weighs Options as Westfield Insurance Drops 850 Policies
Aug 9 2006 // Delaware Insurance Commissioner Matt Denn has issued a bulletin to property insurance companies telling them to better inform property owners of the option of coverage from the residual market, the FAIR Plan. The bulletin...
Linda Watters
Aug 7 2006 // Michigan Insurance Director of Insurance Linda Watters wants to make sure drivers in urban areas get a fair shake on the premiums they pay for auto and homeowners insurance. She has developed an initiative that would...
Companies step up to take Texas Select policyholders
Aug 7 2006 // 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 previously...
Exemption protection
Aug 7 2006 // The U.S. Senate Judiciary Committee has received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. This law placed responsibility for insurance regulation with...
Florida moving ahead with commercial lines reinsurance pool
Aug 7 2006 // Florida is moving to reactivate a state-run reinsurance pool for commercial lines insurance to help businesses obtain insurance. The Commercial Joint Underwriting Association (JUA) is intended to provide property insurance...
Vesta liquidation by Texas felt from Florida to Mass.
Aug 7 2006 // Some 70,000 Florida, 150,000 Texas, 5,200 Massachusetts and 11,000 New Jersey policyholders are among those affected by the liquidation of Vesta Fire Insurance Co. and its subsidiaries. Texas regulators placed the company...
California insurers sue department to stop auto insurance regulations
Aug 7 2006 // 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 policyholders. On...
