Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
American National Declares Dividend
Feb 24 2006 // American National Insurance Company, headquartered in Galveston, Texas, announced that its Board of Directors declared a quarterly dividend of 75 cents per share on its common stock payable March 17, 2006, to shareholders...
S&P: Insurer Reserving For Soft Market Years Remains Problematic
Feb 24 2006 // Confidence in the reserve adequacy of U.S. insurers increased modestly for accident years 2003 and 2004, according to Standard & Poor’s, but the rating agency said insurers’ ability to attain adequate...
GE Insurance Solutions: Are Insurers Prepared for the Perfect Storm?
Feb 23 2006 // While increased frequency of hurricanes is nothing new in historical terms, the enormous growth in coastal population and development is dramatically increasing the potential for insured losses, according to a new paper...
Insurers Ready to Testify That N.Y. Homeowners Market is Healthy
Feb 23 2006 // The New York homeowners insurance market is stable, according to the Property Casualty Insurers Association of America. Kristina Baldwin, PCI’s regional manager, will testify to that effect Monday before a hearing of...
N.M. Legislators Adjourn on Quiet Note for Industry, Says NAMIC
Feb 22 2006 // New Mexico’s 30-day legislative session, which ended last Thursday, was predominantly focused upon budget related legislation, but a few insurance related bills were introduced, according to the National Association...
Conn. Woman Sentenced to 2 Years Probation in Health Insurer Scam
Feb 22 2006 // Kevin O’Connor, United States Attorney for the District of Connecticut, announced that Lee Ann Kiley, 44, formerly of Stamford and currently residing in Riverside, was sentenced by Senior United States District Judge...
Md. Water Taxi Insurer Sues Coast Guard, Citing Too Many Passengers
Feb 21 2006 // Insurers for the company that ran the water taxi that capsized in the Inner Harbor, killing five people, sued the U.S. Coast Guard on Friday, claiming the military branch certified the taxi for too many passengers. The...
Louisiana Special Session Adjourns
Feb 21 2006 // In the final hours of the special session of the Louisiana Legislature, lawmakers sent to Gov. Kathleen Blanco Senate Bill 7, which would prohibit an insurer from using the floodwater mark without considering other...
comScore: 24% Growth in Auto Quotes and 29% Gain in Online Policy Purchases in 2005
Feb 21 2006 // Consumers flocked online to research and purchase auto insurance in 2005 according to an analysis released this week by comScore Networks, a provider in the use of the Internet to measure and understand consumer behavior...
Homeowners Insurers to Pay 15% of 2004 Earnings to La. Citizens
Feb 21 2006 // Insurance companies have until May to decide whether to hike their homeowners rates 15 percent in Louisiana, to make up for losses caused by Hurricanes Katrina and Rita. The firms must pay 15 percent of their 2004 earnings...
When the nonprofit insurer is itself a nonprofit
Feb 20 2006 // Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 20 2006 // As is obvious from a perusal of newspaper articles and legal journals, the devastating damage throughout the entire Gulf Coast Region from the recent hurricane season has raised numerous legal issues regarding insurance...
Often overlooked, accurate insurance-to-value should be a priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken...
When the nonprofit insurer is itself a nonprofit
Feb 20 2006 // Over the years, many a vexed property/casualty insurance company chief executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some...
When the nonprofit insurer is itself a nonprofit
Feb 20 2006 // Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination...
Colo. senate wants insurers to pay medical bills
Feb 20 2006 // Auto insurers would have to pay ambulance and emergency room bills in car accidents, under a measure backed by a Colorado Senate panel. Officials for hospitals and ambulance services said someone needs to help them pay for...
New Mexico considering commercial lines file and use system
Feb 20 2006 // The National Association of Mutual Insurance Companies (NAMIC) and the insurance industry are working with the New Mexico Public Regulation Commission to finalize and implement proposed rate regulations that would convert...
Often overlooked, accurate insurance-to-value should be priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks assumed. Adequate ITV should not be taken lightly. If...
What lies beneath the surface of a yacht policy?
Feb 20 2006 // Although no standard such as ISO exists for the yacht insurance industry assuring consistency from carrier to carrier, most policies offered by domestic carriers have become fairly consistent in their coverage offering....
News Currents
Feb 19 2006 // As part of his proposal, Gallagher is asking the Legislature to earmark the increase in sales tax revenue collected during hurricane recovery to help offset assessments against homeowners. Florida CFO renews call for...
