Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
State Farm Goes Hollywood with Sponsorship of Major Film Production
Apr 6 2006 // Bloomington-Ill.-based State Farm Insurance has announced that it is the first property and casualty insurer to be a sponsor of a major film promotion. State Farm will play a major role in introducing the public to CARS,...
Neb. Autobody Assn. Study Finds Consumers Hesitant to File Auto Claims
Apr 6 2006 // Findings in a study by the Nebraska Autobody Association found that consumers were disinclined to file automotive claims with their insurance company. Sixty-four percent of survey respondents said they would generally feel...
N.Y. Report: More Medical Patients Winning Coverage Appeals
Apr 6 2006 // A new report shows that more New Yorkers are challenging and winning reversals of decisions that deny them insurance coverage for certain medical conditions. A new report chronicles the increased utilization of New York...
La. House Committee Would Allow More Time to Sue Insurers
Apr 6 2006 // Consumers should have up to two years to file lawsuits against their insurance companies after a disaster declared by the governor, instead of the maximum one year now in effect, a Louisiana House of Representatives...
Texas Producer Awarded Central Insurance Companies Scholarship
Apr 6 2006 // Kendall Ewan, vice president of Marketing for Evans, Ewan and Brady Insurance Agency Inc., of Georgetown, Texas, was recently awarded one of 10 scholarships from Central Insurance Companies. The national award is part of...
Insurer Group Disappointed in Defeat of Okla. Tort Reform Measure
Apr 6 2006 // The American Insurance Association (AIA) expressed disappointment that one of the most contested issues in the Oklahoma Legislature for the past several years—tort reform—has been defeated. “In a classic battle...
Consumer Groups Allege Insurance Wind Models More Politics Than Science
Apr 6 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...
Ind. Supreme Court Addresses Attack on Compensation Rating Bureau
Apr 5 2006 // The Insurance Institute of Indiana and the National Association of Mutual Insurance Companies applauded the decision by the Indiana Supreme Court to deny transfer on a case filed against the Indiana Compensation Rating...
Delaware Senate Reaches Credit Scoring Compromise
Apr 5 2006 // The Delaware Senate has voted for compromise legislation that will allow insurers to continue to consider credit history information in the underwriting process. Insurance Commissioner Matthew Denn’s original bill...
Senators Introduce Optional Federal Charter Legislation
Apr 5 2006 // Citing bipartisan support to revamp the insurance industry regulatory system, two U.S. senators today unveiled legislation that would allow life and property/casualty insurers to choose federal rather than state regulation...
Calif. Theft; Fraud Suspects Surrender
Apr 5 2006 // Insurance Commissioner John Garamendi announced the surrender of Wanda Cleveland, 49, Willie Cleveland, 50 (husband and wife) from Whittier; Farrell Cobbs, 42, of Victorville and his brother Wade Cobbs III, 44, of Los...
Tower Group Pens Reinsurance, Pooling, Expense Pact with CastlePoint
Apr 5 2006 // Tower Group, Inc. in New York has entered into a strategic relationship with CastlePoint Holdings, Ltd.,a Bermuda-based holding company that it has sponsored. The move gives Tower reinsurance backing, additional...
N.J. Insurer Palisades Names Fernandez President and CEO
Apr 4 2006 // Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds...
Insurers Well-Braced for Next Big California Earthquake
Apr 3 2006 // When the next big earthquake strikes California, it’s unlikely to hurt the insurance industry as much as the last one did. The nation’s largest property insurers curtailed their exposure to California quakes a...
Insurers unlikely to alter credit scoring as agencies pursue uniformity
Apr 3 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...
Medical malpractice insurance reform: A regulator’s perspective
Apr 3 2006 // Since St. Paul Travelers, one of the largest commercial medical malpractice companies, decided to exit the marketplace, the debate about medical malpractice reform has been raging in state capitals throughout the country....
New uniform credit agencies’ scoring system not likely to impact insurers
Apr 3 2006 // The recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system aimed at simplifying the loan process likely will not have a major impact on insurers’...
Take the pollution out of your D&O policy
Apr 3 2006 // Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report...
TDI’s Selden explains department’s high tech, high touch approach
Apr 3 2006 // Texas Department of Insurance Senior Associate Commis-sioner for Consumer Affairs Audrey Selden had a good news/bad news story for the insurance industry when she spoke at the Austin Insurance Day, sponsored in early March...
Case Law Watch
Apr 3 2006 // Actions and ProceedingsBechtel Petroleum Operations Inc. v. The Continental Insurance Co. (California Court of Appeals, 2nd District, March 6, 2006) res judicata. Prior to that decision, the court held that the pollution...
