Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Case Law Watch
May 22 2006 // Additional Insureds Equilon Enterprises, LLC v. Great American Alliance Insurance Company (Washington Court of Appeals, Apr. 3, 2006) (Unpublished) Ruling: A wholesale distributor of fuel had contracted with a supplier of...
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...
A tale of two New Orleans hotels
May 22 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,...
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,...
Insuring Indian country
May 22 2006 // Indian tribes are no longer merely casino entrepreneurs or cigarette wholesalers. In conjunction with America’s largest corporations, Indians are now engaged in real estate development, banking and finance,...
News Currents
May 22 2006 // Insurers pleased as Colorado General Assembly keeps auto system intact The Colorado General Assembly adjourned its concluding session, which the Property Casualty Insurers Association of America (PCI) said was marked by...
Developer Says Insurers Slow Ground Zero Rebuilding
May 21 2006 // Insurance companies are threatening the construction schedule for the symbolic Freedom Tower at ground zero, the World Trade Center site’s developer told state lawmakers concerned about the pace of...
High Net Worth Consumers Rank USAA, Chubb, and American Family Top Three P/C Insurers
May 19 2006 // USAA significantly outperformed its rivals in the property and casualty insurance category, according to a new Luxury Customer Experience Index survey (LCEI) from the New York-based Luxury Institute, an independent...
Agents Exec Praises Fla. Reforms, Suggests Incorporation Into National Legislation
May 19 2006 // Elements of a Florida property insurance reform bill signed into law May 16 by Governor Jeb Bush could be included in national legislation, according to Len Brevik, executive vice president and CEO of the National...
Washington Insurance Commissioner Seeks Legal Redress for Failed Insurer
May 18 2006 // Editor’s Note, March 2009: In response to a complaint that the Insurance Journal reported only one side of the preceding story, and as a means of resolving Anthony Huff’s claims against the Insurance...
Vermont Diocese Sues Insurer to Recover Abuse Settlement Monies
May 18 2006 // Vermont’s Roman Catholic Diocese in Burlington has been searching for insurance documents dating back three decades, in hopes of showing it should recover the $965,000 it recently paid to settle a complaint about...
Missouri Physicians Mutual Ranks as Top Malpractice Insurer for 2005
May 17 2006 // St. Louis-based Missouri Physicians Mutual (MPM) maintained its position as the state’s top malpractice insurer in 2005 while more than doubling its reserves for future claims and increasing its premiums written by...
FCCI Insurance Named Top Regional Carrier by Hylant Group of Indianapolis
May 17 2006 // The Indianapolis/Bloomington offices of Hylant Group have formally honored FCCI Insurance Group with its Regional Carrier of the Year Award for 2005. Tom Nix, chief operating officer of Hylant’s Carmel, Ind. office,...
Complaints Lead to Probe of La. Insurers’ Hurricane Claims Handling
May 17 2006 // Lousiana Commissioner of Insurance Jim Donelon announced the Department of Insurance is set to begin market conduct examinations on two insurers, Allstate and St. Paul/Travelers. Donelon said he ordered the exams in...
Insurance Bills Awaiting Action by Hawaii’s Governor
May 17 2006 // Several insurance-related bills in Hawaii — including measures involving workers compensation, auto insurance claims and privacy — have been approved by the Legislature and are awaiting action by the...
China’s P&C Insurer Licenses AIR’s Quake Cat Models
May 17 2006 // Boston-based AIR Worldwide Corporation announced that China’s PICC Property and Casualty Company Limited has licensed CLASIC/2™ and CATRADER®, AIR’s catastrophe risk management systems, to manage the...
Insurer Group Reminds Homeowners of the Need for Flood Coverage
May 16 2006 // Many Texas homeowners are under the impression that flooding caused by rising water is covered under the standard homeowners insurance policy in Texas and often they discover that fact too late, according to Sandra Ray,...
Alaska Legislature Ends Session; Rejects Self-Insurance Bill
May 11 2006 // Alaska legislators concluded the 2006 regular session this week and in the final hours rejected a bill opposed by insurers that would have encouraged more employers to self-insure for workers’...
Insurers Fight Trial Bar Initiatives in La.
May 11 2006 // The right to have trial by jury in Louisiana will become more difficult if the Louisiana Legislature agrees with a trial bar initiative and passes SB 117, according to the Property Casualty Insurers Association of America...
Tobacco-trial Lawyer ‘Poster Child’ for Katrina Insurance
May 10 2006 // A private jet is waiting for Richard Scruggs, but first the millionaire lawyer wants to squeeze in a quick lunch. Smiles and nods greet him as he walks into Lu-Cher Doe’s Diner, a soul food restaurant down the street...
