Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Alaska Unfair Claim Settlement Bill Would Undermine Insurance Commissioner’s Authority, Insurers Say
Apr 18 2006 // A bill to change Alaska’s insurance settlement practices, “is unnecessary, would likely cause insurance rates to increase, would unreasonably usurp the Insurance Commissioner’s regulatory prerogative and...
Insurer Group Calls Miss. AG’s Comments ‘Hysterical, Irresponsible’
Apr 18 2006 // Mississippi Attorney General Jim Hood’s recent comments comparing the insurance industry to Nazis are “hysterical and irresponsible,” claims an insurance trade group leader. “Now that Hood’s...
Okla. Tax Proposals: Boon for Companies-Including Insurers-and Wealthy?
Apr 18 2006 // Two tax-credit programs now under intense legislative scrutiny could mean some of Oklahoma’s wealthiest taxpayers, both individuals and corporations, will pay no state income taxes for up to 10 years, officials...
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
China Launches Nationwide Insurance Overhaul to Promote Growth
Apr 17 2006 // The China Insurance Regulatory Commission (CIRC) said it will begin thorough investigations into the country’s insurance companies this month to promote the healthy growth of the fledgling insurance market. The...
Miss. AG Hood: Insurance Companies Intentionally Delaying Paying Katrina Claims
Apr 17 2006 // Mississippi Attorney General Jim Hood has sharply criticized insurers’ denial of Hurricane Katrina claims in Mississippi, saying companies are “in lockstep like Nazis locking arms, coming at those people down...
Critics allege wind modelers following politics over science
Apr 17 2006 // Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to justify insurance...
Not all agents oppose an optional federal charter
Apr 17 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...
Hartford to charge insurers for emergency services
Apr 17 2006 // Fire protection and medical help remains free, but the Hartford, Conn. Fire Department is set to begin charging insurers for other emergency services. The department will begin billing insurers for certain situations such...
Technology
Apr 17 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...
Risk Management
Apr 17 2006 // Call for stepped-up regulation of third-parties providing hurricane rating and credit scoring data Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the...
Banks, shippers, oil companies – not just insurers – face Katrina-related suits
Apr 17 2006 // One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account. Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants....
Critics allege wind modelers influenced by insurers
Apr 17 2006 // News Currents Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and are designed to justify...
Closer Look: Premium Funds Financial Management
Apr 17 2006 // Insurance agencies have millions of dollars in transit through their trust bank accounts. How should agencies manage premium dollars? Unlike other sales and service companies, independent insurance agencies have a...
Closer Look: Louisiana Homeowners
Apr 17 2006 // However, insurer trade group says it can be found by those who shop After the wreckage caused by last year’s Hurricanes Katrina and Rita, many home insurers in southern Louisiana are refusing to write new policies,...
Insurers unlikely to alter credit scoring as agencies pursue uniformity
Apr 17 2006 // The decision by the three major consumer credit reporting agencies to create a more uniform credit scoring system is not expected to have a major impact on insurers’ use of credit in rating personal lines insurance...
Critics allege hurricane risk modelers influenced by insurers
Apr 17 2006 // News Currents Risk Management Solutions, Newark, Calif., has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific, and that they...
By Robert Poli
Apr 17 2006 // A national insurance license helps agents by providing uniformity of regulatory standards; eliminating rate regulation; and allowing new products to be brought to market more quickly. Not all agents oppose an optional...
Closer Look: Insurance Associations
Apr 17 2006 // Editor’s note: This is the second article in a series on Western insurance associations. Part I of this article appeared in the April 3, 2006, western region publication beginning on page 47. As people migrate to the...
