Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Fla. Judge Approves Poe Insurance Companies Liquidation
Jun 1 2006 // A Leon County, Fla. circuit judge has approved putting three financially-troubled insurance companies under the state’s control, a move Florida’s Chief Financial Officer Tom Gallagher said will protect more...
A.M. Best: A ‘Mega-Cat’ Hurricane Would Be Fatal to Some Insurers
Jun 1 2006 // A new Special Report from the A.M. Best Company on the impact of a possible “mega-cat” hurricane — $100 billion or more in insured losses — finds that the financial consequences would be serious and...
California Considering New Mileage Verification Rules
May 31 2006 // Insurance brokers and agents could be required to verify odometer readings for new and renewal automobile insurance policies under amendments the California Department of Insurance (CDI) has proposed to its personal...
S&P Reports on Japan Non-Life Sector
May 31 2006 // Japan’s non-life insurers posted largely improved profits in fiscal 2005, bouncing back from the previous year’s uncommonly harsh string of natural disasters, according to a report published today by Standard...
Insurers Urge Veto of N.Y. Credit Freeze Legislation
May 30 2006 // New York lawmakers have passed legislation designed to protect consumers against identity theft but insurers are urging Gov. George Pataki to veto the measure because its credit freeze provision does not exclude...
Wisconsin Insurer Plans Expansion
May 30 2006 // West Bend Mutual Insurance Co. says it plans to more than double the size of its corporate headquarters here in a $57 million expansion and to add about 200 employees within two years. The company said that those hired...
P/C Insurers’ Investment Strategy Focused on Cycle Management
May 30 2006 // Cycle management is the key driver of property/casualty insurance company investment strategies today, according to a new study by Conning Research and Consulting, Inc. “Regardless of size or underwriting focus, P/C...
Praetorian to Acquire Surplus Lines Insurer Alea North Ammerica
May 26 2006 // Specialty insurer Praetorian Financial Group said it has agreed to acquire Alea North America Specialty Insurance Company (ANASIC), an affiliate of Alea Group Holdings (Bermuda) Ltd of Hamilton, Bermuda. ANASIC is a...
Eight Arrested in California for Defrauding Insurance Carriers
May 26 2006 // The California Department of Insurance (CDI) Fraud Division conducted an arrest warrant sweep that resulted in the arrests of eight suspects in Tulare, Fresno and San Luis Obispo counties. The suspects in these cases are...
Insurers Fight Push to Increase S.C. Auto Financial Responsibility Law
May 26 2006 // The Property Casualty Insurers Association of America is urging South Carolina legislators to oppose legislation (HB 4622) that would increase insurance premiums for many consumers and put more uninsured motorists on the...
Avondale Settles With Insurance Company for Train Wreck Damages
May 25 2006 // Just one day after announcing it would close or sell all its plants in Alabama and two other states, Avondale Mills Inc. said it has reached a $215 million settlement with its insurance company for damages caused by a...
State Farm Refusing Appraisal in Miss., Despite its Own Policy Language
May 25 2006 // State Farm Fire and Casualty Co. refuses to engage in the appraisal process in Mississippi to resolve Hurricane Katrina claims, even though its own policy mandates appraisal on demand when the amount of an insured loss is...
California Commissioner Says Insurers Earning “Excess Profits”
May 25 2006 // California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the...
Auto Carrier Sponsoring Racing Car in ‘Indy 500’
May 24 2006 // United Automobile Insurance Group is sponsoring a Vision Racing Indy car driven by Ed Carpenter in this weekend’s Indianapolis 500 race. United is a North Miami Beach, Fla.-based privately held property and casualty...
PIA of La. Stresses Preparation for 2006 Hurricane Season
May 24 2006 // Due to the upcoming start of Hurricane Season on June 1, the Professional Insurance Agents (PIA) of Louisiana launched a public awareness campaign that includes the following tips for insurance consumers to prepare for the...
Insurance Issues Remain High on La. Legislative Agenda
May 23 2006 // With the scheduled adjournment date of June 19, Louisiana lawmakers will be taking action on several important issues in the next few weeks that have the potential of reshaping the state’s insurance marketplace,...
La. Workers’ Comp Insurer Stresses Workplace Safety for Young Hires
May 23 2006 // Summer is a peak hiring time for thousands of young workers, and Louisiana Workers’ Compensation Corporation (LWCC) is reminding employers of the importance of safety in the workplace for young hires. According to...
What Happens If P/C Industry Catches the Flu; Program Best Practices; Giant Program Guide Highlight IJ Magazine
May 23 2006 // The potential exposures for the property casualty insurance industry have fallen under the radar in the discussions of the effects of an Avian flu or other pandemic. Most people keeping watch on the possible effects have...
S&P: Most Insurers’ Enterprise Risk Management At Least Adequate
May 23 2006 // Any insurance organization without effective risk management faces losing its competitive position or, worse, exposing itself to unacceptable losses, according to an article published by Standard & Poor’s...
Florida Regulator Accused of Flaunting Law in Credit Rule
May 23 2006 // The Florida Office of Insurance Regulation is making an end run around Florida law by seeking to implement a credit-based insurance scoring rule that is currently being challenged in state court, according to the Property...