Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Insurance Industry
Feb 5 2006 // I nsurers are cultivating California’s economy. In fact, the insurance industry benefits “the economic security of California and its citizens through claims and benefits paid to policyholders; investments in...
Closer Look: Motor Carrier Cargo
Feb 5 2006 // Producers advised to work closely with a wholesaler or carrier that knows transportation contracts Transportation insurance and, more specifically, motor truck cargo insurance are not fields where an agent should dabble...
Closer Look: Motor Carrier Cargo
Feb 5 2006 // Although the Carmack Amendment provides that the cargo owner’s sole remedy is for “actual loss or injury to the property,” the courts have consistently held that consequential or special damages are...
SPECIAL REPORT: Commercial Umbrella
Feb 5 2006 // Insolvencies have left numerous corporations with uncollectible excess casualty claims and no recourse but to pay these large claims out of company coffers. What happens when the excess carrier goes under To avoid high...
Colo. Senate Panel Backs Requiring Auto Insurers to Pay Medical Bills
Feb 3 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 2 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...
I.I.I. Says Nearly 70% of Katrina Homeowner Claims Settled in Louisiana, Mississippi
Feb 2 2006 // Homeowners insurers have settled nearly 70 percent of claims from Hurricane Katrina in Louisiana and Mississippi, according to the Insurance Information Institute (I.I.I.). The I.I.I. estimated that more than 732,000...
AIA: Unprecedented Fla. Credit Rule Could Hurt Insurance Consumers
Feb 1 2006 // The use of credit information in underwriting and rating Florida homeowners and auto insurance policies is now threatened by yesterday’s approval of a rule governing insurers’ use of credit-based insurance...
Florida Condo, Carrier Reach Hurricane Repair Agreement
Feb 1 2006 // Southern Family Insurance representatives have met with 200 Century Village condominium owners in Boca Raton, Fla. and agreed to pay for extensive hurricane repairs including the replacement of five roofs. Bob Goolman,...
NAMIC to NAIC: ‘Alternate SOX Proposal Still Too Much’
Feb 1 2006 // An alternate proposal to impose Sarbanes Oxley Act provisions on mutual insurers, “errs in applying to mutual insurers costly and burdensome internal accounting control measures not demonstrated to preclude or...
In Conn., Victims, Trucking Firm Team Up Against Insurer to Claim Coverage
Jan 31 2006 // Lawsuits stemming from a deadly crash at the base of Avon Mountain in Connecticut last July have led to an unlikely alliance between the victims and the owner of the trucking company at the center of the litigation. To...
Miss. Commissioner Dale: Leader, Follower or Shill?
Jan 30 2006 // George Dale walks a tightrope in his job as Mississippi’s insurance commissioner. He is charged with the responsibility of regulating the industry that provides most of his election support while protecting consumers...
Insurer Sues Former Media Executive to Recover Theft Claim Payments
Jan 30 2006 // An insurance company has sued a former executive of the New York Daily News and U.S. News and World Report to recover nearly $600,000 the carrier paid to reimburse the publications for his alleged thefts. Federal Insurance...
Mass. to Begin Reassigning 15% of Residual Auto Policies in March
Jan 29 2006 // A plan to redistribute residual market auto insurance policies among insurance carriers and agents in Massachusetts has been approved by state officials. The final plan for Commonwealth Auto Reinsurers will require that...
Mass. Economic Warning: Insurance Market Short on Capital
Jan 27 2006 // Massachusetts is facing a shortage of insurance capital that could jeopardize the state’s entire economy, especially if a major storm hits the metropolitan Boston area, the Commonwealth’s insurance regulator is...
New Mexico’s Personal Insurance Credit Information Act Takes Effect
Jan 27 2006 // New Mexico Personal Insurance Credit Information Act (PICIA) took effect January 1, to help protect consumers’ and insurers’ use of credit. According to the Rocky Mountain Insurance Information Association,...
NAMIC Works with Indiana Farm Mutuals to Correct Tax Code Mistake
Jan 27 2006 // The National Association of Mutual Insurance Companies and the Mutual Insurance Companies Association of Indiana are working together to address a mistake in Indiana’s 2002 tax code revision which erroneously raised...
ISO: Insurers to Pay $56.8B in 2005 Catastrophe Claims
Jan 27 2006 // U.S. property/casualty insurers are expected to pay homeowners and businesses a record $56.8 billion for 2005 insured property losses from 24 catastrophic events — more than twice the prior record set in 2004, when...
Vermont Mutual Latest to Exit Cape Cod Mass. Homeowners Market
Jan 26 2006 // Another insurer has decided it can’t continue to write homeowners insurance policies on Cape Cod. Starting April 1, Vermont Mutual will stop renewing about 4,700 homeowners and 400 dwelling policies, Tom Tierney,...
N.Y. Church Sues Insurer Over $1.2 Million Thefts Blamed on Priest
Jan 26 2006 // A Roman Catholic church in Manhattan has sued the Travelers Casualty and Surety Co. charging breach of contract, claiming the insurance carrier has improperly refused to pay $1.22 million stolen by a priest. The Church of...
