Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Windstorm Panelists: Carriers Hesitant to Write Fla. Policies
Feb 15 2006 // A panel of eight insurance experts agreed unanimously that carriers are closely scrutinizing Florida and are hesitant to renew homeowners policies during a panel moderated by Bill Bailey, director of the Hurricane...
Insurers Deny Payments to Indiana Man Charged with Hot Tub Murder
Feb 15 2006 // Michael B. Smith, 61, of Trafalgar, Indiana appeared in court this week to be formally charged with strangling his wife, Linda, in their hot tub in November 2003. Investigators said that Smith was facing financial troubles...
Insurers Face Challenges as Injured Veterans Return from War
Feb 15 2006 // Employers and their insurers need to be prepared for the tens of thousands of physically injured veterans returning from conflicts in Iraq and Afghanistan, according to the Insurance Information Institute...
Hanson U.S. Reaches Asbestos Coverage Agreement with Insurers
Feb 14 2006 // Hanson PLC, an international building materials company, announced that one of its U.S. subsidiaries, responsible for approximately 20 percent of the group’s present asbestos costs, has reached a settlement with its...
PIA of Fla.: Lawmakers ‘Mulling Over’ Filings; Bill to Require ‘Loyalty Clause’
Feb 13 2006 // A “loyalty clause” prohibiting insurers from canceling a policy for homeowners who have been with a carrier for three or more years is part of a bill filed in the Florida Legislature by Sen. Ron Klein, D-Boca...
Insurance Company PR Director to Challenge Indiana House Speaker
Feb 13 2006 // Susan Fuldauer, a public relations director for Indiana-based American Income Life, has thrown her hat into the ring in a challenge for the seat of Republican Indiana House Speaker Brian Bosma. The Marion County Democratic...
Insurance Companies Offer Rewards in Ala. Church Fires
Feb 10 2006 // Two companies insuring several rural churches burned in Bibb County and west Alabama are offering rewards that could total more than $77,000, in addition to state and federal rewards totaling $10,000. Five church fires...
Insurers Reduce Rates for D.C. Taxis Under 6-Month Policies
Feb 8 2006 // Insurance rates for taxicabs in the Distrcit of Columbia are being reduced as the result of a more competitive market sparked by a change in policy duration. Acting Commissioner Thomas Hampton of the District of Columbia...
Seattle Gynecologist Gets 20 Years for Raping Patients, Double Billing Insurers
Feb 8 2006 // A Seattle gynecologist convicted of raping and fondling women who came to his clinics for treatment has been sentenced to 20 years in prison. Charles Momah performed gynecological exams without wearing gloves, sexually...
Insurers Urge Senate to Oppose Asbestos Trust Fund Bill
Feb 8 2006 // Property Casualty Insurers Association of America (PCI), an industry organization comprised of more than 1,000 insurance companies, says it opposes S. 852, the Fairness in Asbestos Injury Resolution (FAIR) Act, calling the...
Florida Insurers Discuss Top Issues with Legislators
Feb 8 2006 // In preparation of next month’s Florida legislative session, the Property Casualty Insurers Association of America hosted its first annual Legislative Conference, which brought insurance industry executives to...
Agents Win Round in Texas Courts Over Insurer’s Claim of ‘Trade Secrets’
Feb 7 2006 // A group of agents recently won a round in a Texas court in their fight to have documents that an insurance company has claimed were trade secrets unsealed and made available to the public. Travis County District Judge...
Wisconsin Insurer Warns Buyers About Post-Hurricane Vehicle Fraud
Feb 7 2006 // Sun Prairie, Wis.-based General Casualty Insurance Companies are cautioning customers about the possibility that the shiny pre-owned Honda or Buick being considered for purchase may have been submerged in flood...
Jury Sides with Rancher, Insurance Company in Montana Tractor Case
Feb 6 2006 // A jury has ruled that an international farm machinery company must pay a Broadwater County, Mont., rancher and his insurance company nearly $120,000 over a tractor that caught fire and burned nearly seven dozen acres of a...
Mass. needs new insurance capital to weather big storm
Feb 6 2006 // The Massachusetts economy could be battered if a major storm were to hit the metropolitan Boston area because the state’s homeowners insurance market is undercapitalized, the state’s insurance regulator is...
VERMONT MUTUAL LATEST TO BE DRIVEN OFF CAPE COD
Feb 6 2006 // While the Massachusetts insurance regulator is warning about problems in the homeowners market, another insurer has decided it can’t continue to write homeowners insurance on Cape Cod. Starting April 1, Vermont...
Industry opposes federal solution on asbestos
Feb 6 2006 // There is an old adage that goes “if you are not part of the solution, than you part of the problem.” The insurance industry has sent that very message in a subtle way to Congress in letters to Majority Leader...
Insurers seek bond measures for Texas catastrophe fund
Feb 6 2006 // Taking a cue from the Scout motto “Be Prepared,” a group of insurers is recommending legislation that would allow for generating funds to help pay for the reconstruction of the Texas coast should a powerful...
Proposed Calif. reinsurance regulations could hurt business
Feb 6 2006 // The California Department of Insurance has proposed new reinsurance oversight regulations, which several insurance industry associations said are “unnecessary, burdensome and anti-market competition,” according...
Insurance company taxes, investments grow Golden State’s economy
Feb 6 2006 // Insurers 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...
