Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers File Lawsuit to Stop Calif. Auto Insurance Regulations
Jul 20 2006 // Three insurance trade groups have filed a lawsuit seeking declaratory and injunctive relief to stop enforcement of California Department of Insurance (CDI) auto rating regulations, which they say are “unfair”...
State Legislators Eye Market Conduct, Building Codes, Federal Charter
Jul 20 2006 // State legislators who deal with insurance issues in their legislatures back home are expected to discuss amendments to their market conduct model law as well as state building codes during their summer meeting that runs...
Vesta Fire and Subsidiaries Headed for Liquidation in Texas
Jul 19 2006 // Vesta Fire Insurance Company (Vesta Fire) and its Texas subsidiary insurance companies have begun issuing notices to agents to cease writing new and renewal insurance business, including homeowners policies for Texas...
Texas Fines Carrier for Late Payment of Workers’ Comp Benefits
Jul 19 2006 // Texas’ State Office of Administrative Hearings (SOAH) recently ordered University Health System to pay a fine of $2,500 to the Texas Department of Insurance, Division of Workers’ Compensation (DWC) for late...
Washington Commissioner Hits Wrong Note on Use of Credit, Insurers Say
Jul 18 2006 // The American Insurance Association (AIA) today said recent comments by Washington Insurance Commissioner Mike Kreidler about insurer use of credit are off-the-mark and ignore established consensus on the...
N.Y. Nixes Workers’ Comp Hike; Blasts ‘Anemic’ Anti-Fraud Efforts
Jul 18 2006 // New York officials have denied a requested 7.5 percent hike in workers compensation premiums and criticized carriers’ attitude towards combating fraud in doing so. The decision means rates will not be going up in...
Oregon Activitst Tries to Prohibit Insurers from Raising Rates
Jul 18 2006 // Sidelined for the past four years because of legal troubles brought on by a racketeering lawsuit, Oregon’s most prolific initiative author — Bill Sizemore — is getting back into the fight. Sizemore is...
NetRate Systems Enables Commerce West Insurance Company to Implement Straight-Through Processing.
Jul 18 2006 // OKEMOS, MI – NetRate Systems has successfully partnered with Commerce West Insurance Company to enable Commerce West to implement rate/ quote/ issue of Personal Auto policies. The process utilizes a NetRate Systems...
Argonaut’s Great Central Appoints Keystone Insurers Group
Jul 18 2006 // Peoria, Ill.-based Great Central, a member of the Select Markets segment of Argonaut Group Inc., has appointed Keystone Insurers Group of Northumberland, Pa., as a distribution partner in Pennsylvania, North Carolina, and...
Pennsylvania’s Two Biggest Health Insurers in Merger Talks Again
Jul 17 2006 // Pennsylvania’s two largest health insurers are discussing a possible merger, which could happen as early as September. Independence Blue Cross, based in Philadelphia, and Pittsburgh-based Highmark Inc. are part of...
Calif. Agency Approves Change in Auto Insurance Law
Jul 17 2006 // A state administrative office on Friday approved changes to California’s insurance law, clearing the way for regulations that will force insurers to base premiums on drivers’ records instead of their...
Insurance Rates Skyrocket on Alabama Gulf Coast
Jul 17 2006 // Property owners are stunned by insurance rates that have tripled for some properties on the Alabama Gulf Coast after back-to-back years of hurricane damage. Owners of the 35-unit Romar Tower at Orange Beach, Ala. saw their...
Acquisition Broadens Ebix’s Insurance Market Presence
Jul 14 2006 // Ebix Inc., an Atlanta based software developer and supplier of e-commerce software has announced that effective May 1, 2006, it completed the acquisition of substantially all the operating assets of Reston, Va. and...
S.D. Amendment Allowing Judges to be Sued Opposed by Insurer Trades
Jul 14 2006 // The American Insurance Association (AIA) and the National Association of Mutual Insurance Companies (NAMIC) said today that South Dakota Attorney General Larry Long’s official explanation of a proposed constitutional...
Indiana Insurer Offers Midwest Tornado Disaster Preparation Guide
Jul 13 2006 // Indiana Insurance, a member of the Liberty Mutual Group, has released a six-page Disaster Planning Guide available to its 92,000 homeowner insurance customers throughout the Midwest. The Guide, which provides tips on...
Western Agents Oppose California’s Mileage Verification Proposal
Jul 13 2006 // The Western Insurance Agents Association has issued a statement, opposing the California Department of Insurance’s revised proposed auto mileage verification regulation. The statement reads: “The proposed...
Cincinnati Insurer Settles Lawsuit Alleging Minorities Overcharged
Jul 12 2006 // The Ohio Insurance Department this week said that about 25,000 minorities in North Carolina could be eligible for benefits as a result of a settlement with Western and Southern Life Insurance Co. An investigation led by...
Auto Club of SoCal Reduced Rates to Take Effect in December
Jul 12 2006 // California’s fourth-largest provider of auto insurance has agreed to base its rates on safety and driving frequency rather than primarily on where a driver lives. The plan, to take effect Dec. 1, would cut some $133...
Miss. Trial Could Help Decide Claims from Hurricane Katrina
Jul 12 2006 // Hurricane Katrina left thousands of Gulf Coast homeowners battling their insurance companies. A Mississippi police officer and his wife are the first to take their fight to court. A federal judge on Monday began hearing a...
Attorneys Arrive in Miss. for Opening of First Katrina Insurance Lawsuit
Jul 11 2006 // Attorneys carried files and exhibits into a Mississippi federal courthouse Monday for what they expect to be a groundbreaking trial on whether insurance policyholders who lost homes in Hurricane Katrina are entitled to...
