Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Commissioner Says Insurers Earning “Excess Profits”
May 25 2006 // California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the...
Auto Carrier Sponsoring Racing Car in ‘Indy 500’
May 24 2006 // United Automobile Insurance Group is sponsoring a Vision Racing Indy car driven by Ed Carpenter in this weekend’s Indianapolis 500 race. United is a North Miami Beach, Fla.-based privately held property and casualty...
PIA of La. Stresses Preparation for 2006 Hurricane Season
May 24 2006 // Due to the upcoming start of Hurricane Season on June 1, the Professional Insurance Agents (PIA) of Louisiana launched a public awareness campaign that includes the following tips for insurance consumers to prepare for the...
Insurance Issues Remain High on La. Legislative Agenda
May 23 2006 // With the scheduled adjournment date of June 19, Louisiana lawmakers will be taking action on several important issues in the next few weeks that have the potential of reshaping the state’s insurance marketplace,...
La. Workers’ Comp Insurer Stresses Workplace Safety for Young Hires
May 23 2006 // Summer is a peak hiring time for thousands of young workers, and Louisiana Workers’ Compensation Corporation (LWCC) is reminding employers of the importance of safety in the workplace for young hires. According to...
What Happens If P/C Industry Catches the Flu; Program Best Practices; Giant Program Guide Highlight IJ Magazine
May 23 2006 // The potential exposures for the property casualty insurance industry have fallen under the radar in the discussions of the effects of an Avian flu or other pandemic. Most people keeping watch on the possible effects have...
S&P: Most Insurers’ Enterprise Risk Management At Least Adequate
May 23 2006 // Any insurance organization without effective risk management faces losing its competitive position or, worse, exposing itself to unacceptable losses, according to an article published by Standard & Poor’s...
Florida Regulator Accused of Flaunting Law in Credit Rule
May 23 2006 // The Florida Office of Insurance Regulation is making an end run around Florida law by seeking to implement a credit-based insurance scoring rule that is currently being challenged in state court, according to the Property...
Alaska Legislature rejects self-insurance bill as session comes to end
May 22 2006 // News Currents Alaska legislators concluded the 2006 regular session this month and in the final hours rejected a bill opposed by insurers that would have encouraged more employers to self-insure for workers’...
Not all agents oppose an optional federal charter
May 22 2006 // The Commissioners are now fully prepared to go before their various legislative committees with recommendations for a system of insurance law which shall be the same in all States–not reciprocal, but identical; not...
Case Law Watch
May 22 2006 // Additional InsuredsEquilon Enterprises, LLC v. Great American Alliance Insurance Company (Washington Court of Appeals, Apr. 3, 2006) (Unpublished) Ruling: A wholesale distributor of fuel had contracted with a supplier of...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
Developing a program from a book of specialized risks
May 22 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...
Hawaii working to improve business climate for insurers
May 22 2006 // News Currents Hawaii is working to improve business conditions for insurers, brokers and agents, according to Jeffrey P. Schmidt, the state’s insurance commissioner. Schmidt recently addressed a crowd at the opening...
Technology can help agents boost sales and more
May 22 2006 // Given the pace of today’s technological developments, it is often difficult for agency principals to know where to get the most bang for their buck. As most agency principals know, it is important to take a strategic...
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
Insurers should not underestimate next influenza pandemic’s severity, risk experts say
May 22 2006 // Risk experts are warning insurance companies that they may be underestimating their risk if they assume that a new influenza pandemic would be no worse than the 1918 influenza pandemic. While some published studies have...
Technology can help agents boost sales and more
May 22 2006 // Given the pace of today’s technological developments, it is often difficult for agency principals to know where to get the most bang for their buck. As most agency principals know, it is important to take a strategic...
Not all agents oppose an optional federal charter
May 22 2006 // The Commissioners are now fully prepared to go before their various legislative committees with recommendations for a system of insurance law which shall be the same in all States – not reciprocal, but identical; not...
NAMIC believes such fees are a form of double taxation applied only to those responsible drivers carrying auto insurance
May 22 2006 // Ominous Trend: Growth of municipal accident response fees Across the country and in most Midwestern states, insurance companies are facing the growing phenomenon of cash-strapped municipalities billing insurers for police...
