Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
TDI Reports More Than $171K in Fines and Restitution in January
Mar 1 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during January. The actions include three license revocations, two license denials and fines and...
NAMIC Focuses Federal Affairs Agenda on Regulatory and Asbestos Reform
Mar 1 2006 // The National Association of Mutual Insurance Companies (NAMIC) – which has more than 1,400 member companies that underwrite 43 percent ($196 billion) of the property/casualty insurance premium in the United States...
Insurers, Funeral Directors’ Group Top Wis. PAC Contributions
Mar 1 2006 // An unlikely grouping of business and trade groups were the largest PAC contributers to state and federal legislators. Two insurance companies and a funeral directors trade group led Wisconsin businesses in political action...
Mich. Requires Life Insurers Make Amends for Race-based Underwriting
Feb 28 2006 // The Michigan Office of Financial and Insurance Services issued a statement this week saying that a consent order requiring the Western and Southern Life Insurance Company was issued requiring the companies make amends for...
N.Y. Homeowners Insurance Market: Strong or Weak?
Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business in eight...
Hurricanes Drive 39% Decline in Net Income for Giant State Farm
Feb 26 2006 // Hurricane losses and loss adjustment expenses totaling $6.3 billion (after reinsurance) contributed to a reduction in State Farm’s 2005 net income. The company is reporting an after-tax net income from all sources of...
Insurers Again Call for U.S. Reinsurance Collateral Changes at World Insurance Forum
Feb 24 2006 // The issue of reinsurance collateral dominated the opening session of the World Insurance Forum in Bermuda as it has other gatherings where reinsurance is discussed. It was not the first time that Lloyd’s Chairman,...
Insurers Oppose N.J. Bill Giving Chiropractors Equal Billing
Feb 24 2006 // Insurers this week testified in Trenton against a bill (A-1003) that would permit chiropractors in New Jersey to seek reimbursement for services at the same rate as licensed physicians and surgeons. The legislation would...
N.D. Supreme Court Ruling Backs Insurance Company, Poolman Position
Feb 24 2006 // Nodak Mutual Insurance Co. isn’t required to hold contested elections for its board of directors, nor is Insurance Commissioner Jim Poolman obliged to force the company to do so, the North Dakota state Supreme Court...
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...
