Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurance Study Could Provide New Underwriting Approach for Urban Areas
Mar 22 2006 // Chicago-based the Urban Insurance Partners Institute said it has passed another milestone in its pioneering study to develop a new underwriting methodology for assessing risk in the rapidly growing underbanked urban and...
Insurer Group Says Good Defense Played in 2006 S.D. Legislative Session
Mar 22 2006 // The Property Casualty Insurers Association of America said that the South Dakota Legislature wrapped up its regular session yesterday following a final day primarily devoted to the consideration of executive...
McQueary Henry Bowles Troy Partner Receives Excellence Awards
Mar 22 2006 // Privately owned insurance and risk management firm McQueary Henry Bowles Troy L.L.P., based in Dallas, announced that Patrick Arthur, partner, recently received two prestigious awards: MHBT 2005 Producer of the Year for...
S&P to Implement New Way to Assess Insurer Cat Risk
Mar 21 2006 // Standard & Poor’s Ratings Services said that its criteria for measuring catastrophe risk for primary insurers will be revised early in the second quarter of this year. (For reinsurers, there are no current plans...
Consumer Group Accuses Geico of Unfair Underwriting Practices
Mar 21 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
Insurers Disappointed in Changes to Conn. Flex Rating Bill
Mar 21 2006 // A Connecticut legislative committee took a tentative step on the road to insurance rate modernization, but also posted a “Road Closed” sign that must be obeyed in two years. HB-5463, which was reported...
INSURERS MOVE TO LIMIT R.I. LEAD CLEANUP COSTS
Mar 20 2006 // Insurers for three former lead paint manufacturers are seeking to limit insurance policies held by the paint companies. Underwriters at Lloyd’s of London filed the lawsuit in New York State Supreme Court last month...
How should agencies manage premium dollars?
Mar 20 2006 // Unlike other sales and service companies, independent insurance agencies have a management function in their daily operations. Most property and casualty insurance agencies agree not only to sell and service insurance...
Fort Dearborn Life to Acquire Highmark Life Insurance Company
Mar 20 2006 // Chicago-based Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation., a Mutual Legal Reserve Company, has announced its intent to acquire the life and disability business of Highmark Life...
Atlantic Mutual ratings fall as surplus drops $100 million
Mar 20 2006 // Ratings analysts who downgraded personal lines insurer Atlantic Mutual earlier this month will be meeting with the company in the coming weeks to review results of the fourth quarter and all of 2005 before deciding what to...
National Insurer Group Opposes S.D. Judicial Ballot Initiative
Mar 20 2006 // The National Association of Mutual Insurance Companies is saying it plans to work with a broad-based coalition in South Dakota to defeat a statewide judicial ballot initiative on the November ballot that would allow...
Texas, Louisiana surplus lines premium decreases in 2005
Mar 20 2006 // Insurance Journal South Central–Arkansas, Louisiana, Oklahoma and Texas–vary widely in the amount of premium written in any given year. Texas has the biggest surplus lines market, followed by Louisiana,...
Audit shows Washington insurers over-billed
Mar 20 2006 // The Spokane, Wash., City Council will decide whether to terminate a contract with a private ambulance company that overbilled hundreds of patients and insurance companies more than $320,000. The fire department was...
Insurers for Nortel to Pay $228.5 Million to Settle Shareholder Suit
Mar 19 2006 // Telecom equipment maker Nortel Networks Corp. said on Friday its insurers have agreed to pay $228.5 million toward a proposed settlement of a shareholder lawsuit. As part of the settlement announced in February,...
Insurers back in court over World Trade Center
Mar 19 2006 // Insurance companies asked a federal appeals court in New York earlier this month to reject a jury verdict that would enable developer Larry Silverstein to obtain an extra $1.1 billion to rebuild the World Trade Center...
SPECIAL REPORT: Surplus Lines
Mar 19 2006 // With the eyes of Congress turning to insurance reform, most commentators are focused on how change might affect the overall insurance industry and agents. But the often-overlooked surplus lines segment of the industry...
Insurers Seek to Boost Hurricane Insurance Along Texas Coast
Mar 16 2006 // Texas insurers are seeking state approval of a plan to bolster a windstorm insurance pool for coastal property owners at risk during hurricane season. The industry wants the Legislature to approve $800 million in bonds to...
Ill. Insurance Dept. Orders Med-Mal Rate Break for Some Physicians
Mar 16 2006 // Using a new law designed to lower doctors’ costs, state regulators on Tuesday ordered Illinois’ major malpractice insurer to start bringing down rates next year and open itself to more public scrutiny. ISMIE...
Insurer Groups Say Key Victories Marked Ind. Legislative Session
Mar 16 2006 // The session wasn’t easy or pretty for insurers, but the 2006 Indiana General Assembly concluded at midnight Tuesday with significant insurance-related successes, according to the National Association of Mutual...
Dale Reports Miss. Insurers Have Made Solid Progress
Mar 15 2006 // A report in Jackson, Miss. by Insurance Commissioner George Dale shows that six months after Hurricane Katrina struck a devastating blow to the Gulf Coast, major insurers have made solid progress and are committed to...
