Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Audit shows Washington insurers over-billed
Mar 20 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. The fire department was...
Insurers for Nortel to Pay $228.5 Million to Settle Shareholder Suit
Mar 19 2006 // Telecom equipment maker Nortel Networks Corp. said on Friday its insurers have agreed to pay $228.5 million toward a proposed settlement of a shareholder lawsuit. As part of the settlement announced in February,...
Insurers back in court over World Trade Center
Mar 19 2006 // Insurance companies asked a federal appeals court in New York earlier this month to reject a jury verdict that would enable developer Larry Silverstein to obtain an extra $1.1 billion to rebuild the World Trade Center...
SPECIAL REPORT: Surplus Lines
Mar 19 2006 // With the eyes of Congress turning to insurance reform, most commentators are focused on how change might affect the overall insurance industry and agents. But the often-overlooked surplus lines segment of the industry...
Insurers Seek to Boost Hurricane Insurance Along Texas Coast
Mar 16 2006 // Texas insurers are seeking state approval of a plan to bolster a windstorm insurance pool for coastal property owners at risk during hurricane season. The industry wants the Legislature to approve $800 million in bonds to...
Ill. Insurance Dept. Orders Med-Mal Rate Break for Some Physicians
Mar 16 2006 // Using a new law designed to lower doctors’ costs, state regulators on Tuesday ordered Illinois’ major malpractice insurer to start bringing down rates next year and open itself to more public scrutiny. ISMIE...
Insurer Groups Say Key Victories Marked Ind. Legislative Session
Mar 16 2006 // The session wasn’t easy or pretty for insurers, but the 2006 Indiana General Assembly concluded at midnight Tuesday with significant insurance-related successes, according to the National Association of Mutual...
Dale Reports Miss. Insurers Have Made Solid Progress
Mar 15 2006 // A report in Jackson, Miss. by Insurance Commissioner George Dale shows that six months after Hurricane Katrina struck a devastating blow to the Gulf Coast, major insurers have made solid progress and are committed to...
Insurers Hit Mass. Bill Directing Anti-Fraud Savings Refunds
Mar 15 2006 // Some Massachusetts politicians want to make sure that good drivers in communities that crackdown on auto insurance fraud reap the savings. But insurers contend that an overhaul of the entire auto insurance system, rather...
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...
