Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Sen. Smith Unveils ‘Comprehensive Plan’ to Fix Florida’s Insurance Woes
Jul 11 2006 // Without a real, comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida’s insurance market and leave millions of Floridians without affordable and reliable insurance...
La. Insurers not Voluntarily Extending Policy Deadlines
Jul 11 2006 // A month after Louisiana Insurance Commissioner James Donelon called on insurers to voluntarily extend the one-year deadline for customers to file suits for unsettled claims related to Hurricanes Katrina and Rita, not a...
Staranczak Joins Insurers Group as Chief Economist
Jul 11 2006 // The Property Casualty Insurers Association of America (PCI) has appointed Genio Staranczak as the organization’s chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public...
Insurer Group Supports State Regulation at Senate Hearing
Jul 11 2006 // The National Association of Mutual Insurance Companies (NAMIC) is convinced that insurance regulatory reform at the state level is the best and safest course for consumers and insurers alike, said a Namic witness in...
La. Commissioner Orders Insurers to Extend Hurricane Prescription Period
Jul 11 2006 // Just over a month after he asked insurance companies in his state to voluntarily do so, Louisiana Commissioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana...
Tenet gets $340M From Insurers for Hurricane Damage
Jul 10 2006 // Dallas-based Tenet Healthcare Corp. said insurance companies paid it $340 million to cover claims from Hurricane Katrina, which damaged five of its hospitals in the New Orleans area and one in Biloxi, Miss. Tenet said it...
Little Help from La. Lawmakers for Skyrocketing Insurance Costs
Jul 10 2006 // Louisiana homeowners hoping for relief from insurance bills that were boosted by the hurricanes received little help from lawmakers. Legislators lamented, complained and worried about rising insurance costs that could...
Spokane Diocese Settles Sexual Abuse Claims with Two Insurers
Jul 10 2006 // The Roman Catholic Diocese of Spokane has reached agreements with two more insurance carriers on payments to cover sexual abuse claims as the diocese’s bankruptcy case heads into mediation. In a statement issued late...
Reinsurance Poses Dilemma for Mass. Fair Plan and Regulator
Jul 9 2006 // Last summer when the Massachusetts Fair Plan, the state’s involuntary homeowners insurance market, looked into purchasing reinsurance, the premium was about $17.5 million. The plan did not purchase the reinsurance...
N.Y. Agents Decry Failure to Make Back-Up Property Insurer Permanent
Jul 7 2006 // The New York State Legislature once again missed an opportunity to help calm a growing homeowners insurance crisis in the downstate region, according to the state’s insurance agents. With insurance companies such as...
Ill. Attorney General Sues Liberty Mutual for Alleged Bid-Rigging
Jul 7 2006 // Illinois Attorney General Lisa Madigan filed a lawsuit against Liberty Mutual Insurance Company and seven affiliates, alleging that the company and its affiliates participated in a bid-rigging and business-steering...
S.C. DoI Monitoring Florida Select Insurance Co.’s Activities
Jul 5 2006 // The Department of Insurance has announced it is closely monitoring the activities in South Carolina of Florida Select Insurance Co. activities in the state after Florida placed the company into receivership June...
Two Insurers Approved for Selling for Kidnapping Coverage in La.
Jul 5 2006 // Insurance coverage has been approved in Louisiana to take on a realm of the once-unthinkable: kidnappings, ransom, extortion and hijacking. Although it’s not for everyone, high-profile people, such as corporate...
Albuquerque Lawyer Who Sued Insurer Awarded $11 million
Jul 5 2006 // A New Mexico State district court jury has awarded an Albuquerque lawyer nearly $11 million after she sued an insurance company that she said ruined her legal practice. Allstate Insurance Co. routinely hired Suzanne Guest...
News Briefs
Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Target Markets Mid-Year Meeting
Jul 4 2006 // Program administrators, painfully aware how difficult it can be to get insurance companies to sign on, improve their chances of program success when they tell the complete story of their operations and history, including...
What Lines Program Insurers Like, Dislike
Jul 4 2006 // Insurers’ appetite for targeted insurance programs still favors larger deals and shuns workers’ compensation risks, according to one expert’s analysis of conditions. Benfield Inc. Senior Vice President C....
The right time to begin
Jul 4 2006 // Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild...
Laying the Groundwork for New Insurance Programs
Jul 4 2006 // While many new insurance program ideas emerge from various sources, very few result in the actual formation of a program. It is generally only those that are well-thought-out, include substantive information, and are...
Editor’s Note: Exemption protection
Jul 3 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...
