Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Group Warns of Problems with Proxy Voting Forms for La. Insurance Guaranty Association Board
Jun 12 2006 // The Property Casualty Insurers Association of America (PCI) is urging Louisiana insurers to make certain that they are using the proper proxy form for the June 15, 2006, election of the Louisiana Insurance Guaranty...
S&P Alters Approach to Gauging Insurers’ Terrorism Exposure
Jun 8 2006 // Standard & Poor’s Ratings Services said it is changing its process for evaluating the terrorism exposure of insurers and reinsurers. The updated process is partly a response to the increased insurance retentions...
CAA Elects New Management Committee
Jun 6 2006 // At its annual meeting May 24-25, Combined Agents of America LLC (CAA), based in Austin, Texas, announced its newly elected 2006 management committee, including CAA’s new president, Bill Bridges, executive vice...
Earnings High For U.S. Commercial Lines Insurers, S&P Reports
Jun 6 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...
Mass. Proposal Would Phase-In Competitive Rating Over 5 Years; Retain Some Subsidies
Jun 5 2006 // Massachusetts would phase-in competitive rating of private passenger auto insurance over a five year period utilizing “flex band” rating while retaining certain subsidies and restricting how high liability...
N.J. Drivers ‘Clear Winners’ Under ’03 Reforms, Claims Industry Report
Jun 5 2006 // New Jersey drivers are the “clear winners” due to auto insurance reforms enacted by lawmakers in 2003 according to the Property Casualty Insurers Association of America (PCI), which released a report about the...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private passenger automobile...
Legal and effective incentive compensation still under fire
Jun 5 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...
Insurers sue governor, state officials over diversion of funds from Ill. Auto Theft Program
Jun 5 2006 // In an effort to stop Illinois state government from illegally taking millions of dollars designated to fight auto theft, the Property Casualty Insurers Association of America (PCI) filed suit in the state’s Seventh...
Legal and effective incentive compensation still under fire
Jun 5 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...
Case Law Watch
Jun 5 2006 // ArkansasWorkers’ Compensation Jones Brothers Inc. v. Whitlock, et al. (Ark. May 4, 2005) Prime contractor liable for workers’ compensation benefits owed to employee of uninsured subcontractor: The Supreme Court...
Carrot and stick, or bail-out?
Jun 5 2006 // Insurance debate in the Florida Legislature wound down to the final hours of the 2006 spring sessions in Tallahassee, with the final decision ending in the passage of a bill viewed by bystanders as a band-aid approach in...
Carrier enters Vision Indy car in the ‘500’ race
Jun 5 2006 // Well-known Indianapolis racing car driver Ed Carpenter drove a new Vision Indy racing car, sponsored by United Automobile Insurance Group, in the Memorial Day Indianapolis 500 race. Carpenter came in third in the...
‘Significant’ Fla. reform bill could be national model, says PIA chief
Jun 5 2006 // Elements of a property insurance reform bill signed into law May 16 by Florida Governor Jeb Bush could be included and effective in national legislation, according to Len Brevik, executive vice president and CEO of the...
Insurance industry lags behind in technology but consumers can help
Jun 5 2006 // Brokers work in the trenches — acquiring clients, searching for the right coverage, writing policies and getting compensated. It is technology that makes their jobs easier and it should be welcomed. Better efficiency...
Market trends downward slightly; habitational still a challenge
Jun 5 2006 // After the recent hard markets, rates for professional liability insurance for architects and engineers are beginning to see some relief. Even so — despite 10 percent to 20 percent drops in professional liability...
Legal and effective incentive compensation still under fire
Jun 5 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...
Insurers sue governor, state officials over diversion of funds from Ill. Auto Theft Program
Jun 5 2006 // In an effort to stop Illinois state government from illegally taking millions of dollars designated to fight auto theft, the Property Casualty Insurers Association of America (PCI) filed suit in the state’s Seventh...
Legal and effective incentive compensation still under fire
Jun 5 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...
Case Law Watch
Jun 5 2006 // Arkansas Workers’ Compensation Jones Brothers Inc. v. Whitlock, et al. (Ark. May 4, 2005) Prime contractor liable for workers’ compensation benefits owed to employee of uninsured subcontractor: The Supreme...
