Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Lloyd’s sees 1906 San Francisco earthquake as a turning point
May 8 2006 // One of the most significant natural disasters in U.S. history, the San Francisco earthquake of 1906, rolled to its centennial anniversary April 18, 2006. One hundred years ago in San Francisco, the Earth bounced and the...
Liberty Mutual Opts to Fight, Not Settle, Charges Over Contingent Commissions, Account Steering
May 7 2006 // Unlike American International Group, Zurich, ACE and other insurers that have settled similar charges, Liberty Mutual Insurance Group has decided to fight allegations of anti-competitive practices that have been brought...
Texas Mutual Appoints Wagner VP of Underwriting
May 5 2006 // Texas Mutual Insurance Company appointed Larry Wagner as its new vice president of underwriting. Wagner will serve as the company’s chief underwriting officer and oversee its loss prevention efforts. Wagner has 30...
La. Judge Steps Down from Suit Against Last-Resort Insurer
May 5 2006 // A judge has disqualified herself from a lawsuit brought by policyholders against Louisiana Citizens Property Insurance Corp. Civil District Judge June Darensburg said she found out she has a policy from Louisiana Citizens,...
Insurers Assoc. Pushes Fla. Legislators for Property Market Reforms
May 5 2006 // On the final day of the Florida legislative session, the Property Casualty Insurers Association of America is encouraging legislators to make a commitment to create a healthy and competitive insurance marketplace, which is...
Insurer Group Says Some La. Bills Are Bad for Consumers
May 4 2006 // As the Louisiana Legislature considers a wide array of legislative proposals, many of which would be detrimental for consumers, the Property Casualty Insurers Association of America said it is telling lawmakers that the...
N.Y. Supt. Mills Urges Tax-Deferred Catastrophe Reserves for Insurers
May 4 2006 // The country may not need a natural catastrophe backup fund like it has for terrorism exposures, provided government allows insurers to create catastrophe reserves on a tax-deferred basis, according to New York’...
Accenture Survey Finds European Insurers See Positive Impacts from Solvency II Accounting Standards
May 3 2006 // A survey conducted by Accenture, the global management consulting, technology services and outsourcing company, has concluded that the majority of European insurers believe that “Solvency II will improve their...
Auto Insurance Costs Holding Steady; Average Nationwide Premium at $867
May 3 2006 // The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and...
N.H. Gov. Joins Foes of Association Health Plan Bill
May 3 2006 // New Hampshire Gov. John Lynch has joined a chorus of state leaders opposing a bill in the U.S. Senate that would let small businesses buy health insurance policies exempt from state coverage requirements. Senate Bill 1955...
Insurers Should Expect Next Influenza Pandemic to be Severe, Experts Say
May 2 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...
Conn. Legislature Passes Flex-Rating for Personal Lines
May 2 2006 // The Connecticut House has passed a bill providing flex-rating for personal lines insurance with a six percent flex band. The measure, Senate Bill 410, also includes new requirements governing access to...
Ill. Workers Comp Fee Schedule Open to Abuse, Insurer Group Says
May 2 2006 // The Property Casualty Insurers Association of America has concerns based on a National Council on Compensation Insurance’s estimate that implementation of Illinois’ new medical fee schedule will result in...
American National Reports Dividend of 75 Cents per Share
May 1 2006 // American National Insurance Company, based in Galveston, Texas, announced its Board of directors declared a quarterly dividend of 75 cents per share on its common stock, payable June 16, 2006, to shareholders of record as...
Best Takes Various Rating Actions on Unitrin Inc.
Apr 29 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and assigned issuer credit ratings (ICR) of “a” to the Unitrin Property and Casualty Insurance Group (Unitrin)...
Ark. Reminds Insurers of Anti-Money Laundering Responsibilities
Apr 28 2006 // The Arkansas Insurance Department issued a reminder to insurers operating in the state of the upcoming May 2, 2006, effective date for the establishment of anti-money laundering programs. The department’s bulletin is...
New Report Rebuts Consumer Group’s Criticism of Med-Mal Insurers
Apr 28 2006 // A newly released report says that recent consumer groups’ criticisms of the medical malpractice insurance industry contain “systematic flaws and the intentional misuse of industry data.” “This new...
California Releases New Regulations Governing Pricing of Auto Insurance
Apr 27 2006 // California Insurance Commissioner John Garamendi has unveiled enhancements to his proposed regulations that will follow through on the promise voters sought when they approved Proposition 103 in 1988 – namely, that...
Mich. Legislature Considers Asbestos Litigation Reform, Insurer Group Says
Apr 27 2006 // The Property Casualty Insurers Association of America says that the Michigan Legislature is considering litigation reform regarding asbestos claims. According to Chicago-based PCI, Michigan has looked at the efforts of...
Fla. Insurance Council Describes Pending Legislation
Apr 27 2006 // The Florida House Insurance Committee and the House Fiscal Council have approved CS/CS/HB 7225, and according to the Florida Insurance Council, the next stop is the full House. FIC released a side-by-side comparison of...
