Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
GEMSTAR SUES INSURER
Jan 23 2006 // Gemstar-TV Guide International Inc. has sued an insurer, seeking to recover $50 million in liability coverage the media and technology company claims it is due to help cover judgments stemming from lawsuits about inflated...
2006 already looking good for the property/casualty industry
Jan 23 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street...
Portable persistency discounts are good for consumers
Jan 23 2006 // Amid the confusion surrounding the elimination of portable persistency discounts in California, we may have lost sight of the real issue: Portable persistency discounts are good for consumers. California insurance carriers...
S&P Reports on Japan Captives
Jan 23 2006 // According to a new report – “Tighter Regulations Spark Rating Demand In Japan’s Growing Captive Insurer Market” – published by Standard & Poor’s Ratings Services; more attention is...
Ohio Insurance Deptartment amends financial regulation-related rules
Jan 22 2006 // The Ohio Department of Insurance recently filed revisions to several rules that could impact property and casualty insurance companies. The rules deal with solvency surveillance, acquisition or mergers, reinsurance terms...
Earlybird Forecast
Jan 22 2006 // 2006 looking good already for P/C industry Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent Earlybird Forecast Survey, but...
Case Law Watch
Jan 22 2006 // Allstate Insurance Company v. Reid (1st Cir. Nov. 30, 2005) Ruling: Coverage Not Available for Damage to Boat Towed by Insured. Defendant and his friend, May, were returning from a fishing trip. Defendant was towing...
Ark. Court: Insurers Don’t Have to Pay for Wreck
Jan 22 2006 // An insurance company doesn’t have to defend or pay the claims of a Pulaski County woman whose 15-year-old son wrecked the family car, the Arkansas Court of Appeals ruled. The court upheld a judge’s ruling that...
I.I.I.: Claims in La. Equal to 25 Years of Premiums
Jan 22 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
People
Jan 22 2006 // The Insurance Council of Texas elected James Langford as chairman of its Board of Directors effective Jan. 1, 2006. Langford is the assistant vice president of compliance, regulatory and governmental affairs, and training...
Only your E&O carrier and your boss care how smart you are
Jan 22 2006 // Different cus-tomers need different styles of presentation, and one way doesn’t work for every account. Recently I won a large account the old fashioned way. I earned it. We insure some local rural water districts....
Gemstar sues insurer
Jan 22 2006 // Gemstar-TV Guide International Inc. has sued an insurer, seeking to recover $50 million in liability coverage the media and technology company claims it is due to help cover judgments stemming from lawsuits about inflated...
Commercial lines carriers continue to impress; M&A activity up slightly
Jan 22 2006 // Stock Prices: Commercial lines stocks advanced for the second consecutive two-month period, up 5 percent for November/December, compared to a 7 percent increase in September/October. Companies continue to impress despite...
Earlybird Forecast
Jan 22 2006 // Fortunately for insurers, 2006 will likely feature far fewer screaming headlines announcing investigations into various insurance industry practices such as broker compensation and finite reinsurance. Each year the...
Insurers happy Calif.motorcycle helmet
Jan 22 2006 // Earlier this month, legislation was introduced by Sen. Denise Ducheny, D-San Diego, to permit motorcyclists 18 years and older to ride without helmets if they could show proof of having medical insurance. The bill was...
California insurance carriers spent the last part of December jumping through hoops to comply with the California Depart
Jan 22 2006 // Portable persistency discounts helped to encourage competitively priced products that promote comparison shopping. Amid the confusion surrounding the elimination of portable persistency discounts in California, we may have...
Case Law Watch
Jan 22 2006 // Topliff v. Chicago Insurance Co. (Wash. Court of Appeals, Nov. 15, 2005) Ruling: The insured, an attorney, had been sued in an underlying action, and his professional liability insurer denied coverage because the claim was...
Personal lines looking fine, thanks to fewer accidents and price changes
Jan 22 2006 // I.I.I. JOINT P/C FORUM: Outside Looking In – Left to right: V.J. Dowling, Dowling & Partners Securities; Mark Puccia, Standard & Poor’s; David Schiff, Schiff’s Insurance Observer; Brian P....
News Currents
Jan 22 2006 // Regulatory modernization tops industry’s legislative agenda for 2006 With the extension of the Terrorism Risk Insurance Act, passage of federal class action and crop insurance reform, enactment of asbestos reform in...
U.K.’s FSCS to Refund $74 Million to Insurers; No Levy for 2006/07
Jan 20 2006 // The U.K.’s Financial Services Compensation Scheme (FSCS), which administers claims payments when insurers are unable to do so (usually due to insolvency), has made what has to be an unprecedented announcement. It...
