Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Group Names McKay as SVP, Federal Relations
Jun 27 2006 // The Property Casualty Insurers Association of America has hired Benjamin J. McKay III as senior vice president of federal government relations in its Washington, D.C. office. Prior to his arrival at PCI, McKay served as...
Insurer Group Sets Policy on Natural Disaster Issues
Jun 26 2006 // The National Association of Mutual Insurance Companies (NAMIC) has adopted a statement on natural disasters that asserts a flexible regulatory environment in which insurers are free to price coverage based on risk will...
World Trade Center Developer, Port Authority Sue Insurers
Jun 26 2006 // The Port Authority of New York and New Jersey, together with World Trade Center developer Larry Silverstein, is suing seven insurers over delays in payments they say are needed to rebuild on the site of the Sept. 11, 2001...
Best Assigns VASCO Re Debt Rating
Jun 22 2006 // A.M. Best Co. has assigned a debt rating of “bb” to the $50 million senior secured floating rate notes, due June 5, 2009, issued by VASCO Re 2006 Ltd. (the issuer), a newly created Cayman Islands exempted...
Federal Insurance Antitrust Exemption: Insurer, Consumer Friend or Foe?
Jun 22 2006 // Congress opened a fresh debate on the insurance industry’s exemption from federal antitrust laws this week, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory...
Market Still Fragile as La. Legislature Adjourns, Insurer Group Says
Jun 22 2006 // In the wake of hurricanes Katrina and Rita the 2006 Louisiana legislative session was very contentious; however, lawmakers rejected the proposals that would have been detrimental for consumers and the insurance...
California’s Mandatory Investment Reporting Unnecessary, Insurers Say
Jun 22 2006 // Legislation, sponsored by California Insurance Commissioner John Garamendi is unnecessary, will increase costs and will further complicate data collection, said the American Insurance Association (AIA). AB 925, authored by...
Best Upgrades ‘PD’ Ratings of 12 Canadian P/C Insurers
Jun 20 2006 // A.M. Best Co. has upgraded the public data (pd) financial strength ratings of 12 property/casualty Canadian insurers. The bulletin noted that “pd ratings are based solely upon public information and present the most...
S&P Rates Kazakhstan Insurer ‘B+’
Jun 20 2006 // Standard & Poor’s Ratings Services has assigned its “B+” long-term counterparty credit and insurer financial strength ratings and its “kzBBB” Kazakhstan national scale rating to...
Workplace Bullies May Be Next On Insurers’ Watchlist, Insurance Journal Reports
Jun 20 2006 // From the playground to the classroom to the office — bullies can be found in all walks of life, but new anti-harassment legislation in some states could put an end to bullying in the workplace that can be costly for...
A lawsuit in the making — the EPLI insurance application
Jun 19 2006 // Every day, the Equal Employment Opportu-nity Commission receives some 200 new employment practices liability complaints alleging discrimination based on race, sex, national origin, religion, retaliation, age and...
U.S. COMMERCIAL INSURERS EARN BIG
Jun 19 2006 // At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial...
In N.H.’s positive climate, insurers free to focus on competition and technology
Jun 19 2006 // News Currents Insurers find the political and regulatory environment in New Hampshire favorable. “[I]t’s clear that in New Hampshire, we have a different marketplace than the other New England states....
In N.H.’s positive climate, insurers free to focus on competition and technology
Jun 19 2006 // News Currents Insurers find the political and regulatory environment in New Hampshire favorable. “[I]t’s clear that in New Hampshire, we have a different marketplace than the other New England states....
Developing a program from a book of specialized risks
Jun 19 2006 // Do you currently write a book of specialized industry accounts, or have you been trying to get a carrier to give you binding authority? Did you previously have a program, or do you have an idea for a new program/product,...
Case Law Watch
Jun 19 2006 // Commercial Liability-Auto Bauer v Century Surety Company (Wis. App. May 2, 2006) Ruling: Unloading constitutes “Operation” under Wisconsin coverage statute. The court held that the commercial liability insurer...
A lawsuit in the making – the EPLI insurance application
Jun 19 2006 // Every day, the Equal Employment Opportunity Commission receives some 200 new employment practices liability complaints alleging discrimination based on race, sex, national origin, religion, retaliation, age and disability....
Florida Homeowners’ Insurers
Jun 19 2006 // Current Florida Financial DPW 2005 Stability Designation Company Name in 000s Rating FL Specialty Encompass Floridian Indemnity Co. $4,437 A FL Specialty Encompass Floridian Insurance Co. $16,059 A FL Specialty Nationwide...
Florida vows to implement credit scoring rule despite protests
Jun 19 2006 // Florida insurance officials are vowing to enforce a new rule regarding the use of credit scores in insurance starting September 1, despite protests from the industry that the rule is too stringent. The Financial Services...
Legal and effective incentive compensation still under fire
Jun 19 2006 // There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually...
