Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Case Law Watch
Jul 24 2006 // Actions and Proceedings Continental Insurance Co. v. The Pamona Redevelopment Agency (California Court of Appeals, May 15, 2006, Unpublished) Ruling: On this appeal, the excess insurer, Continental, sought to intervene in...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
News Currents
Jul 24 2006 // California agency approves change in auto insurance law A state administrative office approved changes to California’s insurance law, clearing the way for regulations that will force insurers to base premiums on...
Miscellaneous Health Care Facilities: Risk mixing and matching
Jul 24 2006 // Someone once said “change is inevitable,” and in the health care arena that truism rings a bell. It wasn’t so long ago that the only place a person would go for immediate treatment was the emergency room...
Crist, Fritschi & Paterson underscores value of relationships
Jul 24 2006 // Best Practices is an Insurance Journal column that highlights how some of the nation’s top-performing agencies run their operations. Insurance Journal Publisher Mark Wells recently interviewed Jack Fritschi, CEO of...
News Currents
Jul 24 2006 // Reforms pushing California workers’ comp rates, losses down The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through March...
Editor’s Note: Exemption protection
Jul 24 2006 // The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. The law placed responsibility for insurance regulation...
Insurers Blocked in Deposing Abuse Victims in Western Mass.
Jul 24 2006 // A Superior Court judge in Springfield, Mass. has for now blocked more than 100 people who say they were molested by priests from having to tell lawyers about the abuse they say they endured. Judge John Agostini ruled...
Reforms pushing California workers’ comp rates, losses down
Jul 24 2006 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through March 31, 2006, which suggested legislative reforms are...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
Strong earnings keep insurers’ stock prices stable; M&A activity remains flat
Jul 24 2006 // Stock Prices: Insurers’ stock prices remained relatively stable during the second quarter of 2006. In a time of the year when stock prices tend to fluctuate depending on the weather forecast, companies were able to...
Riding out soft and hard market cycles with quality relationships
Jul 24 2006 // Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no...
‘Adequate rate for the risk’ a big concern for industry executives
Jul 24 2006 // The question of how to structure property insurance rates adequately in coastal zones while still making it affordable for people to live and work there is becoming an increasingly important one to insurers and consumers...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
Case Law Watch
Jul 24 2006 // Arbitration Allstate Insurance Company v. Great American Insurance Company (Super. Ct. N. J. June 15, 2006) Ruling: Insurance company could contest adverse arbitration finding where plaintiff insurance company improperly...
Exemption protection
Jul 24 2006 // The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. This law placed responsibility for insurance...
KATRINA threatened to paint a dark picture for fine art insurer
Jul 24 2006 // Christiane Fischer, CEO of AXA Art Insurance, was in Chicago when Hurricane Katrina hit the Gulf Coast in August 2005, but that doesn’t mean the giant storm was off her radar screen. In town for a meeting of the...
Insurer Praetorian, Broker Paulk Offer Builder’s Risk in Fla. and Gulf States
Jul 21 2006 // Specialty insurer Praetorian Financial Group has entered into a partnership with Britt Paulk to launch a Builder’s Risk program. The partnership will initially be launched in Florida and the Gulf states, where...
