Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Urge Regulatory Modernization, Study of Cat Risk
Dec 8 2005 // In a speechbefore the American Legislative Exchange Council’s (ALEC) States & Nation Policy Summit, Property Casualty Insurers Association of America President and CEO Ernst Csiszar urged state legislators...
Insurer Told to Pay $8 Million to Missouri Couple Acquitted of Fraud
Dec 7 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...
Report: Europe’s Insurers Ignore IT Infrastructure Risks When Pricing
Dec 6 2005 // More than 50 percent of European insurance companies appear to be ignoring the physical environment in which information technology infrastructure is housed when setting premiums, according to research commissioned by...
Structural Engineer Puts Forth ‘New Orleans Property Owner’s Bill Of Rights’
Dec 5 2005 // Structural engineer Paul Durand recently released the following “New Orleans Property Owner’s Bill of Rights,” which offers consumers tips on getting compensated for property claims in the wake of...
Disability Insurers Challenge “Underground Regulations” in Court
Dec 5 2005 // Insurance companies filed a lawsuit against California Insurance Commissioner John Garamendi, challenging what they called “underground regulations” that would boost the cost of disability...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority and respect, one complaint stood out. “When asked about why he...
More Teeth for the D&O Fraud Exclusion
Dec 5 2005 // Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction in potential payouts. Imagine that you are a new independent director of a...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...
Words Are Key When Program Managers and Carriers Put Vows In Writing
Dec 5 2005 // Program Managers Urged to Protect Themselves When Negotiating Carrier Contracts As in a marriage, if it’s a good relationship, the parties never have to consider the contract. But if things go badly, words mean...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood out. When...
Mississippi Insurance Commissioner George Dale Serving Eighth Term
Dec 5 2005 // In public and in an interview with Insurance Journal, Misissippi Insurance Commis-sioner George Dale comes across as a laid-back Mississippi farm-boy, but the commissioner, who has been reelected for eight terms, has...
Should the D&O Fraud Exclusion Have More Teeth?
Dec 5 2005 // The company’s stock price dropped substantially and shareholder plaintiffs have asserted numerous lawsuits against your company, the former CEO and CFO, and all independent directors–including you. Alleged...
Industry Group Sees Sarbanes-Oxley as an Example of Hyper-Vigilance
Dec 5 2005 // The extension of Sarbanes-Oxley to non-public insurance companies is a good example of the era of regulatory hyper-vigilance in which it is difficult to know when an issue is of legitimate public policy concern or when it...
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 5 2005 // Insurer Performance Ranks Well on Average, But Many Could Improve on Key Factors Ease of Doing Business (EDB) has been a bit like the weather–everybody talks about it, but doing something about it is another matter....
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood...
Words Mean a Lot in Vows Between Program Administrators and Carriers
Dec 5 2005 // As in a marriage, if you’re in a good relationship, you never have to consider the contract. But if things go badly, words mean everything,” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga., told...
The Ins and Outs of Claims-Made Policies
Dec 5 2005 // Claims-made policies are policies commonly associated with professional liability policies, such as Directors & Officers, Employ-ment Practices Liability and other miscellaneous professional liability policies,...
Smaller and Regional Programs: Proven Exercises
Dec 5 2005 // Here are a few smaller and regional programs that are meeting specific needs Pumped for profit Robin C. Brennan knows fuel dealers. She’s been handling their insurance needs since 1998. Brennan is a vice president...
Insurance Commissioners Announce Framework for National Cat Program
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of the National Catastrophe Insurance Summit held in November, are peddling the framework for a national catastrophe insurance program that...
