Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.J. Neurologist Charged with Million Dollar Insurance Fraud Scam
Jan 1 2006 // New Jersey Attorney General Peter Harvey reported that a Mercer County neurologist, his former medical practice and four former medical diagnostic and/or medical equipment corporations, along with the former office...
FTCR: Insurers Inflated Med-Mal Claims to Justify Rate Hikes
Dec 30 2005 // In documents filed with state regulators and in statements to public officials, medical malpractice insurance companies consistently inflated the amount they estimated they would pay out in claims, according to a study by...
The Enstar Group Reports Acquisition of UK Insurance Company
Dec 30 2005 // The Enstar Group Inc. reported that its partially owned equity affiliate, Castlewood Holdings Limited, and Shinsei Bank, Limited have signed definitive agreements for the purchase of Aioi Insurance Company of Europe...
Texas Farm Bureau VP Elected Chairman of ICT
Dec 30 2005 // The Insurance Council of Texas has elected James Langford, chairman of the board of directors beginning Jan. 1, 2006. Langford is the assistant vice president of compliance, regulatory and governmental affairs and training...
From New England to Virginia, Courts Made Insurance Headlines in 2005
Dec 30 2005 // From Maine to Virginia, many of the insurance headlines in 2005 dealt with compensation and reinsurance probes, just as they did across the country, casting the industry’s reputation in a bad light. But much of the...
White Paper Analyzes Loss Retention Under Terrorism Extension Act
Dec 29 2005 // AIR Worldwide Corporation conducted an analysis of the potential impact on insurers of the Terrorism Risk Insurance Extension Act of 2005. The Act was signed into law last week and extends the Terrorism Risk Insurance Act...
Insurers Can Use ISO Terrorism Forms Under TRIA Extension
Dec 29 2005 // Insurers can continue to use Insurance Services Office’s portfolio of terrorism insurance endorsements and related rules without any revisions under the Terrorism Risk Insurance Extension Act of 2005, signed into law...
Courts Rule Truck Insurer Must Pay for Damaged Airplane
Dec 29 2005 // Two Michigan courts have ruled that the insurer of a truck must pay $18,000 for damage caused to a small airplane that crashed after clipping the truck as the pilot tried to land in a grassy airfield. Cincinnati Insurance...
2005, a Year to Remember: Busiest Hurricane Season of the Century for United States
Dec 29 2005 // The hurricane season made 2005 a year-to-remember, with the southeast encountering the busiest hurricane season of the century, with 26 named storms and 13 hurricanes, meteorologists used up the list of 21 proper names and...
N.Y. Rates Auto Insurers on Complaints
Dec 29 2005 // The New York State Insurance Department’s 2005 Annual Ranking of Automobile Insurance Complaints shows Progressive Insurance Group placed highest among the 10 auto insurers with the largest New York market share,...
Insurers’ Income, Surplus Rise Despite Record Catastrophe Losses
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Maine Health Insurers File Second Suit to Block Dirigo Fees
Dec 23 2005 // A dispute between the health insurance industry and Maine’s Dirigo Health program continues to escalate, as a trade group representing four large health insurers files a second lawsuit against the 2-year-old...
Insurers Warned about Bird Flu “Species Jump”
Dec 22 2005 // Even as new reports of deaths caused by the bird flu virus are coming in from Indonesia and Vietnam, the insurance industry received an additional warning about its potential exposures. An article on the Lloyd’s...
Insurers Support Va. Red Light Cameras
Dec 22 2005 // The American Insurance Association has added its support to the call of traffic safety advocates to reinstate red light camera enforcement in the state of Virginia. The law that allowed seven Virginia communities to use...
Truck Insurer Ordered to Pay for Plane Damage Under Michigan No-Fault Law
Dec 22 2005 // Two courts in Michigan have ruled that the insurer of a truck must pay $18,000 for damage caused to a small airplane that crashed after clipping the truck as the pilot tried to land in a grassy airfield. The truck was...
Calif. Court Decision Expected to Lower Workers’ Comp Rates
Dec 22 2005 // Los Angeles based law firm Roxborough, Pomerance & Nye LLP recently won a ruling that the firm said will affect the way workers’ compensation premiums are calculated for California employers covered by a carrier...
California Insurers Charge Drivers in Black, Latino Neighborhoods More, Report Indicates
Dec 20 2005 // Insurers charge good drivers living in California’s predominantly African-American and Latino zip codes substantially more for automobile insurance than good drivers in predominantly white communities, claims an...
ANOTHER INSURER LEAVES COAST:
Dec 19 2005 // The state’s second largest commercial insurer of coastal properties is dropping coverage to 6,500 policy holders in southeastern Massachusetts and Cape Cod because company reinsurance payments are rising by as much...
INSURER TO PAY $8 MILLION:
Dec 19 2005 // State Farm Insurance has been ordered to pay more than $8 million to a tow truck driver and his sister-in-law who were acquitted of insurance fraud after being accused of faking the theft of a vehicle. Jackson County...
Jury Awards $52.5 Million Against Insurer in Asbestos Case
Dec 19 2005 // A jury has awarded $52.5 million to a Roseville, Minn., construction company that sued its Boston-based insurer for failing to defend it against hundreds of personal injury and wrongful death claims tied to asbestos...
