Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Windstorm panelists: Carriers hesitant to write policies in Florida
Mar 6 2006 // A panel of eight insurance experts agreed unanimously that carriers are closely scrutinizing Florida and are hesitant to renew homeowners policies. Bill Bailey, director of the Hurricane Insurance Information Center,...
Alabama Big ‘I’ supports five bills, rejects two
Mar 6 2006 // Alabama HB627 defining insurance fraud and making it easier for the Insurance Commission to join with neighboring states to crack down on fraud has gained the support of the Alabama Independent Insurance Agents. During...
PCI urging Colo. lawmakers to reject insurance data reporting bill
Mar 6 2006 // The Property Casualty Insurers Association of America (PCI) testified before the Colorado House Business Affairs and Labor Committee that legislation HB 1330, which would impose extensive new data reporting requirement on...
New Mexico legislators adjourn with few insurance bills
Mar 6 2006 // New Mexico’s 30-day legislative session, which ended recently, was predominantly focused on budget-related legislation. But a few insurance related bills were introduced, said the National Association of Mutual...
Updating regulatory system would remove hurdles, benefit customers
Mar 6 2006 // 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 inefficiency that is...
Agents push for a technological sea change
Mar 6 2006 // Tides continue to turn on the automation frontier and agents and brokers riding the waves may be pushing a sea change in the way they communicate with insurance carriers, according to the results of a recent survey of...
Commissioners Face Long List of Topics in Orlando
Mar 3 2006 // Reference to the National Catastrophe Insurance Plan is prominently absent from the National Association of Insurance Commissioner’s agenda as NAIC kicks off its March 4-7 Spring National Meetings in Orlando,...
PCI Testifies in Support of Flex Rating for Conn. Consumers
Mar 3 2006 // Connecticut consumers will benefit from increased competition, which puts downward pressure on insurance premiums, if the Legislature moves the state’s insurance regulatory system from prior approval to “flex...
N.D. Survey Says Insurers Slow to Pay for Medicare Prescriptions
Mar 3 2006 // North Dakota pharmacists say they have been forced to borrow money because insurers are slow to pay the bills under a new Medicare prescription drug program. Nearly one in five pharmacists was forced to borrow money and...
TDI Clarifies Rules on Voluntary, Informal Work Comp Networks
Mar 2 2006 // The Texas Department of Insurance reported that it has received a number of inquiries from interested parties and legislative offices related to the continued existence of informal or voluntary workers’ compensation...
DENSO Corporation Forming Captive Insurer in Hawaii
Mar 2 2006 // DENSO Corporation said it will establish a wholly owned captive insurance company — DENSO Reinsurance America Inc. — for its group companies in March. The initial capital investment for the company will be US$3...
TDI Reports More Than $171K in Fines and Restitution in January
Mar 1 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during January. The actions include three license revocations, two license denials and fines and...
NAMIC Focuses Federal Affairs Agenda on Regulatory and Asbestos Reform
Mar 1 2006 // The National Association of Mutual Insurance Companies (NAMIC) – which has more than 1,400 member companies that underwrite 43 percent ($196 billion) of the property/casualty insurance premium in the United States...
Insurers, Funeral Directors’ Group Top Wis. PAC Contributions
Mar 1 2006 // An unlikely grouping of business and trade groups were the largest PAC contributers to state and federal legislators. Two insurance companies and a funeral directors trade group led Wisconsin businesses in political action...
Mich. Requires Life Insurers Make Amends for Race-based Underwriting
Feb 28 2006 // The Michigan Office of Financial and Insurance Services issued a statement this week saying that a consent order requiring the Western and Southern Life Insurance Company was issued requiring the companies make amends for...
N.Y. Homeowners Insurance Market: Strong or Weak?
Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business in eight...
Hurricanes Drive 39% Decline in Net Income for Giant State Farm
Feb 26 2006 // Hurricane losses and loss adjustment expenses totaling $6.3 billion (after reinsurance) contributed to a reduction in State Farm’s 2005 net income. The company is reporting an after-tax net income from all sources of...
Insurers Again Call for U.S. Reinsurance Collateral Changes at World Insurance Forum
Feb 24 2006 // The issue of reinsurance collateral dominated the opening session of the World Insurance Forum in Bermuda as it has other gatherings where reinsurance is discussed. It was not the first time that Lloyd’s Chairman,...
Insurers Oppose N.J. Bill Giving Chiropractors Equal Billing
Feb 24 2006 // Insurers this week testified in Trenton against a bill (A-1003) that would permit chiropractors in New Jersey to seek reimbursement for services at the same rate as licensed physicians and surgeons. The legislation would...
N.D. Supreme Court Ruling Backs Insurance Company, Poolman Position
Feb 24 2006 // Nodak Mutual Insurance Co. isn’t required to hold contested elections for its board of directors, nor is Insurance Commissioner Jim Poolman obliged to force the company to do so, the North Dakota state Supreme Court...
