Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers to support legislative study on auto theft
Jan 1 2006 // The National Association of Mutual Insurance Companies based in Indianapolis, Ind., will support a legislative study on auto theft in Arizona when the bill is heard in the state’s legislature. A proposed bill has...
California residential construction efforts reduce risk of defect litigation
Jan 1 2006 // Builders and trade contractors vie to bring carriers back to the Golden State. During the past few years, builders and trade contractors in California have endured triple-digit rate increases and an exodus of insurance...
Calif. court decision expected to lower workers’ comp rates
Jan 1 2006 // In Star Roofing Company Inc. v. The Workers’ Compensation Insurance Rating Bureau (WCIRB), the California Insurance Commissioner recently issued a ruling that could affect the way workers’ compensation premiums...
New year brings lowered rates for Mass. drivers
Jan 1 2006 // Private passenger auto insurance rates will be cut an average 8.7 percent in Massachusetts in 2006 under a ruling by insurance commissioner Julianne M. Bowler. The new rates translate to an average decrease of $95.14 per...
Lots of stability
Jan 1 2006 // When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He knows his standard markets well enough to know that only...
Grant of Attorney Fees
Jan 1 2006 // Mercury Insurance Company v. Cooper (Fla. App., 3rd Dist., Nov. 23, 2005) A driver was injured in an accident when struck by a motor vehicle insured by Mercury. Mercury filed a declaratory judgment action against the...
Mississippi Coast faces the storm after the storms: wind or water damage?
Jan 1 2006 // The wind came first. It pried off boards and shot debris into windows at Ron Peresich’s home on Biloxi’s (Mississippi) Back Bay. It tore off rooftops and buckled walls in Bud Ray’s Long Beach...
Artisan contractors run for liability cover
Jan 1 2006 // Artisan contractors are being squeezed in the insurance market as general contractors and insurers do what they can to transfer and limit their exposures, especially in so-called “pain” states. Artisans are...
PIA of Louisiana resolutions seek hurricane relief assistance
Jan 1 2006 // Thanking insurance companies on behalf of Louisiana insurance agents and the policyholders they represent for the carriers’ hard work and assistance in the aftermath of Hurricanes Katrina and Rita, the Professional...
Calif. insurance commissioner announces new regulations for auto insurance rates
Jan 1 2006 // California Insurance Commissioner John Garamendi has announced he is introducing new regulations that require insurers to base auto rates primarily on a driver’s record and not on ZIP code. According to the...
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,...
