Carriers - Latest Insurance News

UPDATE: Insurers Tally Storm Damage to Auto, Property in Midwest

Mar 14 2006 // Insurance companies in the Midwest are beginning to tally claims connected to hundreds of tornadoes and severe storms that hit a five state region in the Midwest late Saturday and early Sunday. Illinois, Indiana, Missouri,...

Selective Insurance Group in N.J. Makes Executive Appointments

Mar 14 2006 // Selective Insurance Group, Inc., in Branchville, N.J., announced the following executive appointments: Diederik Olijslager (Lafayette, N.J.), to vice president, Selective Insurance Group, and senior vice president, head of...

Insurers Happy with Utah Privacy Bills

Mar 13 2006 // In its just-concluded session, the Utah Legislature passed legislation to protect consumers from unauthorized access to their credit-related information, while preserving insurers’ access to credit data, Property...

National Insurer Group Announces New Product, Fast Track Plus

Mar 13 2006 // The Property Casualty Insurers Association of America has unveiled a new product created by its statistical organization that can get customized and timely auto and homeowners rating information in an Excel format on a...

Conseco, Legacy Form Independent Annuity Distribution Alliance

Mar 13 2006 // A new relationship in the fixed annuity market pairs a subsidiary of one of the nation’s largest insurers with an established nationwide independent distribution channel. Washington National Insurance Company, a...

Calif. Regulator Reaches Settlement with Marsh to End Secret Commissions

Mar 13 2006 // California’s Department of Insurance (CDI) has reached an agreement with Marsh & McLennan Companies Inc. requiring the giant broker to fully disclose commission agreements and put a halt to harmful practices...

Audit Shows Spokane, Wash., Ambulance Patients, Insurance Companies Overbilled

Mar 10 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 in the past three years. The...

R.I. Governor Wants Health Insurers to Pay for Anti-Smoking Programs

Mar 8 2006 // Rhode Island Gov. Don Carcieri said he hopes to force health insurance companies pay for an anti-smoking program he wants to cut from the state budget. Carcieri’s proposed budget would eliminate the state’s...

Insurers Back in Court Over World Trade Center Coverage

Mar 8 2006 // Insurance companies asked a federal appeals court in New York this week to reject a jury verdict that would enable developer Larry Silverstein to obtain an extra $1.1 billion to rebuild the World Trade Center...

Liberty Seguros Portugal in Alliance with Portuguese Insurer Acoreana

Mar 7 2006 // The Liberty Mutual Group announced form its Boston headquarters that its Portuguese subsidiary, Liberty Seguros Portugal, has signed a memorandum of understanding with insurer Acoreana to form a strategic alliance in the...

Insurers Urge Maryland to Adopt Fire-Safe Cigarette Law

Mar 7 2006 // Lawmakers in Annapolis are considering legislation to mandate that cigarettes sold in Maryland meet tough new fire safety requirements. The insurance industry is backing the measure (HB 1300) that is now before the House...

Controversy Brews Between Insurers and Construction Contractors in Wis.

Mar 7 2006 // A controversial settlement between Milwaukee’s Miller Park stadium district and a construction contractor has left excessive and unjustified legal bills, according to insurance companies left on the hook for those...

Insurers’ Photography Tells Story of ’06 San Francisco Quake

Mar 7 2006 // Finding old photographs to mark the centennial of California’s 1906 “Great Quake” and fire was the easy part of Corey Keller’s job as an assistant curator at the San Francisco Museum of Modern...

TWIA to present Texas Legislature with a two-fold agenda

Mar 6 2006 // Unlike insurers of last resort in states like Louisiana and Florida, the Texas Windstorm Insurance Association does not enjoy federal tax-exempt status. TWIA’s Board of Directors and its Executive Director Jim Oliver...

Insurers express relief as Louisiana special session adjourns

Mar 6 2006 // Insurance groups breathed a sigh of relief as the special session of the Louisiana Legislature ended Feb. 17 after resolving controversial provisions in two bills dealing with insurance issues. The session began Feb....

Insurance customers would benefit from updated regulation

Mar 6 2006 // Inarguably, the current state-based insurance regulatory system is a dysfunctional relic that has stifled property/casualty product creativity for years. This patchwork regulatory system is filled with wasteful...

S.C. controversy rages over workers’ comp overhaul

Mar 6 2006 // There isn’t any question about overhauling South Carolina’s workers’ compensation system, but there is a lot of disagreement about how to accomplish this feat. Workers’ compensation reform is on the...

Insurance Customers Would Benefit From Updated Insurance