Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
By William G. Stiglitz
Jun 19 2006 // Legal and effective incentive compensation still under fire 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...
Florida’s home insurance market: domiciled insurers persist
Jun 19 2006 // At the outset of 2006, the 21 Florida-domiciled insurers rated A or better by Demotech Inc., had an 18 percent share of the voluntary market. Their total 2005 writings were $977 million. Over a dozen have begun writing...
A three-way dilemma: Frank’s Casing and insurance defense
Jun 19 2006 // As an insurance coverage lawyer, I have always found that one of my natural allies is the insurance defense lawyer handling the underlying case. While I represent the insurance company in a capacity that is potentially...
A tale of two New Orleans hotels
Jun 19 2006 // If there’s anything to be learned from last year’s hurricanes Katrina, Rita and Wilma, it’s that the value of relationships before, during and after a claim is immeasurable, according to Mel Bangs,...
News Currents
Jun 19 2006 // California considering new mileage verification rules Insurance brokers and agents could be required to verify odometer readings for new and renewal automobile insurance policies under amendments the California Department...
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...
IBC Study Finds Canada’s Legal Environment is ‘Increasingly Uncertain’
Jun 16 2006 // The Insurance Bureau of Canada notes the conclusions of a new study that found the country’s home, car and business insurers believe that “the legal environment in Canada is becoming increasingly uncertain, and...
Insurer Doesn’t Have to Pay Claims in Ark. Babies’ Deaths
Jun 16 2006 // An insurance company doesn’t have to pay claims made in the deaths of two babies left inside a closed car in sweltering weather in Arkansas, a federal appeals court says. The claims were made in the April 1998 deaths...
New Property and Casualty Insurer Opens in Irving, Texas!
Jun 16 2006 // Irving, Texas – A new Property and Casualty insurer, Homeowners of America Insurance Company, has opened in Irving, Texas. Homeowners is a Texas company specializing in protecting residential property for Texans. In...
IAG Acquires New Lloyd’s MA – Specialist Asian Insurer
Jun 15 2006 // Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management...
S&P Lowers Norsk Hydro Captive Insurer INF’s Ratings to ‘A-‘
Jun 15 2006 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Oslo-based Industriforsikring a.s. (INF) to ‘A-‘ from ‘A’, and...
Three Insurers Sue To Recover Claims Paid in ’02 Wildfire
Jun 15 2006 // Three insurance companies filed a federal lawsuit Wednesday to recover $7.04 million in claims paid for homes damaged or destroyed in the 2002 Hayman Fire in Colorado. State Farm Fire & Casualty Co. Inc., three...
OxyContin Maker Settles with Insurer
Jun 15 2006 // Purdue Pharma has settled a civil lawsuit with its insurer over costs stemming from hundreds of lawsuits involving the painkiller OxyContin, company officials said. Steadfast Insurance Co., a unit of Zurich Insurance Co....
N.Y. Agents Report on Home Insurers’ Restrictions Downstate
Jun 14 2006 // The Professional Insurance Agents of New York State Inc. says a recent survey of its member agents finds homeowners insurance companies have taken steps to reduce their exposure in downstate areas of New York since Jan. 1,...
WIAA & Alliance Submit Comments Opposing Mileage Verification Regulation
Jun 14 2006 // WIAA & Alliance Support Less Regulation, Not More, and More Competition, Not Less Rancho Cordova… On behalf of its members and members of the Alliance of Insurance Agents and Brokers, the Western Insurance...
Insurers Defend Job, Education as Auto Insurance Pricing Criteria in N.J.
Jun 13 2006 // Insurance industry representatives urged New Jersey lawmakers not to restrict insurers’ use of certain rating variables including occupation and education in the pricing of auto insurance policies, insisting that the...
Insurance Limbo Delays Gulf Coast Rebuilding
Jun 13 2006 // The owners of the sagging, flood-stained home in New Orleans aren’t in. Above the front door, a banner explains their absence, and the lack of progress: “Allstate paid $10,113.34 on this house for storm...
Texas Insurer Group Says Alberto May be Omen for Rest of Season
Jun 13 2006 // Tropical Storm Alberto should be a warning to all coastal residents in Texas that the 2006 hurricane season may exceed the expectations for an overly active storm season. The Insurance Council of Texas urges everyone...
N.H. Gov. Lynch to Sign Premium Tax Cut Legislation
Jun 12 2006 // New Hampshire Gov. John Lynch is “inclined” to sign a measure cutting the state’s insurance premium tax in half, according to his communications director. Pamela Walsh told Insurance Journal the governor...
Davis Makes Proposals to Fix Florida’s Property Insurance Problems
Jun 12 2006 // Windstorm insurance companies would have to cover water damage caused by hurricanes under a proposal Democratic gubernatorial candidate Jim Davis released June 9, part of a multi-pronged proposal to solve the problems...
