Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Major Insurers, Non-Profits Launch Community-based Healthcare Initiative Impact
Dec 5 2005 // Impact Community Capital LLC, a consortium of major insurance companies, and NCB Development Corp. (NCBDC) have teamed up to offer as much as $50 million in low-interest loans to community health clinics that serve...
Words Mean a Lot When Administrators and Carriers Write Marriage Vows
Dec 5 2005 // Program managers urged to protect themselves when negotiating carrier contracts. Carrier contracts are like a marriage, according to Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga. “As in a marriage, if...
LAWMAKERS ASK COLO. TO CRACK DOWN ON AUTO INSURANCE COMPANIES
Dec 5 2005 // Democratic lawmakers have asked the Colorado Division of Insurance to crack down on auto insurance companies and fine them $250 a day if they fail to submit timely information to a database that tracks uninsured...
Lawsuit Claims Disability Insurer Sought to Avoid Paying Claims
Dec 5 2005 // UnumProvident Corp., the nation’s largest disability insurer, has systematically sought ways to avoid paying claims to millions of California customers, a lawsuit claims. The lawsuit filed in Superior Court by...
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 4 2005 // Ease of Doing Business (EDB) has been a bit like the weather-everybody talks about it, but doing something about it is another matter. While you can’t change the weather, you can equip yourself and your organization...
Industry Group Sees Sarbanes-Oxley as an Example of Hyper-Vigilance
Dec 4 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...
More Teeth for the D&O Fraud Exclusion
Dec 4 2005 // A D&O policy may require the insurer to continue advancing defense costs on behalf of “black hat” co-defendants until there is a “final adjudication” of wrongdoing. Insureds need to understand...
Mississippi Insurance Commissioner George Dale Serving Eighth Term; Hurricane Katrina Wasn’t Much, Compared to the After
Dec 4 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 4 2005 // Imagine that you are a new independent director of a public company. Outside auditors uncovered accounting irregularities within one of the company’s primary sales divisions. An internal investigation led to a...
The Ins and Outs of Claims-Made Policies
Dec 4 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,...
San Diego Contractor Ordered to Pay $37,669 in Restitution to State Fund
Dec 4 2005 // A San Diego County Superior Court has sentenced Valley Center, Calif., businessman John Presley to three years formal probation and ordered him to pay $37,669 in restitution to California’s State Compensation...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 4 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...
Major Insurers, Non-Profits Launch Community-based Healthcare Initiative Impact
Dec 4 2005 // Impact Community Capital LLC, a consortium of major insurance companies, and NCB Development Corp. (NCBDC) have teamed up to offer as much as $50 million in low-interest loans to community health clinics that serve...
ASI, Zurich, AIG
Dec 4 2005 // ust like Arnold Schwarzenegger, today’s strongest and most successful insurance programs started out as scrawny and klutzy kids. Hard work along with nurturing from wise and patient carriers helped them build muscle...
Smaller and Regional Programs: Proven Exercises
Dec 4 2005 // Pumped for profit Robin C. Brennan knows fuel dealers. She’s been handling their insurance needs since 1998. Brennan is a vice president with the Managing Agency Group in Hartford, Conn., a subsidiary of Hilb Rogal...
Insurance Commissioners Announce Framework for National Cat Program
Dec 4 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...
More Teeth for the D&O Fraud Exclusion
Dec 4 2005 // A D&O policy may require the insurer to continue advancing defense costs on behalf of “black hat” co-defendants until there is a “final adjudication” of wrongdoing. Insureds need to understand...
Words Are Key When Program Managers and Carriers Put Vows In Writing
Dec 4 2005 // 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 everything.” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga.,...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 4 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...
People
Dec 4 2005 // GAB Robins, the international claims services firm, announced that Edward G. Troy has been named president and chief executive officer of the GAB Robins Group of Companies. Before joining GAB Robins, Troy served as...
