Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
The Ins and Outs of Claims-Made Policies
Dec 19 2005 // Claims-made policies are policies commonly associated with professional liability policies, such as Directors & Officers, Employment Practices Liability and other miscellaneous professional liability policies,...
Mutuals’ SOX Success
Dec 19 2005 // The insurance industry effects real public policy change when our arguments are based on principle. Presented in an assertive, thoughtful and focused manner, we can succeed. Recent developments in the National Association...
Potential for Avian Flu Pandemic Casts a Frightening Shadow Over Insurers
Dec 19 2005 // The possibility of a global avian flu outbreak is haunting insurers–property/casualty, life and health–and it appears that there’s not much they can do to mitigate losses prior to a...
The Ins and Outs of Claims-Made Policies
Dec 18 2005 // Claims-made policies are policies commonly associated with professional liability policies, such as Directors & Officers, Employment Practices Liability and other miscellaneous professional liability policies,...
Mutuals’ SOX Success
Dec 18 2005 // While NAMIC may stand virtually alone, our position has received vital support from the chairmen of the U.S. House Financial Services Committee and state legislative groups. The insurance industry effects real public...
At the same time, the defense lawyer owes complete loyalty to the insured/defendant. The carrier is paying the bill, but
Dec 18 2005 // If a house is divided against itself, that house will not be able to stand.” “No man can serve two masters.” These two maxims underlie a central tenet of the attorney/client relationship: The client is...
Duty to or Non Duty to Defend: What is the Best Defense Provision?
Dec 18 2005 // As insurance professionals, we are all familiar with “duty to defend” language commonly associated with general liability policies. But are you familiar with, or did you even know there is, “non duty to...
Industry Voices Concerns Over National Insurance Catastrophe Plan
Dec 18 2005 // Industry representatives generally support state regulators’ efforts to craft a comprehensive plan for natural catastrophes but take issue with elements of the draft proposal that was aired during the recent meeting...
Potential for Avian Flu Pandemic Casts a Frightening Shadow Over Insurers
Dec 18 2005 // The possibility of a global avian flu outbreak is haunting insurers-property/casualty, life and health-and it appears that there’s not much they can do to mitigate losses prior to a pandemic. Nevertheless, carriers...
Industry Voices Concerns Over National Insurance Catastrophe Plan
Dec 18 2005 // Industry representatives generally support state regulators’ efforts to craft a comprehensive plan for natural catastrophes but take issue with elements of the draft proposal that was aired during the recent meeting...
FMHA Proposes Manufactured Housing Insurance Coverage
Dec 18 2005 // The Florida Manufactured Housing Association has announced it is studying the feasibility of starting its own insurance company to write coverage for mobile home owners. According to Frank Williams, FMHA executive...
Insurance Commissioners Push Framework for National Cat Program
Dec 18 2005 // Insurance regulators, on the heels of the National Catastrophe Insurance Summit in Burlingame, Calif., in November, are peddling the framework for a national catastrophe insurance program they say would protect U.S....
Eurpoean Collector, Insurer Addresses ‘Art Basil’ in Miami Beach
Dec 18 2005 // The trials and tribulations of maintaining and insuring a well-known corporate art collection, from bombings by the IRA, to being stolen by builders and damaged when cleaners sprayed paintings with window cleaner, were...
Update from the Gulf Coast: A Policyholder’s Perspective Which Came First: the Chicken, the Egg
Dec 18 2005 // While debates wax and wane in newspaper headlines, the harsh reality for thousands of policyholders in the wake of Hurricane Katrina centers around an age-old issue: which came first, the chicken or the egg? Or in this...
Words Mean a Lot in Vows Between Program Administrators and Carriers
Dec 18 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...
Jury Awards $52.5 Million Against Insurer in Asbestos Case
Dec 18 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...
News Briefs
Dec 18 2005 // Massachusetts Auto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual...
Technology Can Enhance Agent-Carrier Relations
Dec 18 2005 // Technology, often derided as harmful to human relations in business, may actually hold the key to the insurance industry remaining a “people business,” including helping improve relationships between carriers...
News Briefs
Dec 18 2005 // FLORIDA State Farm of Florida 8.6 Percent Rate Request Approved The Florida Department of Insurance approved an average statewide premium rate hike of 8.6 percent for State Farm of Florida, the largest insurer of homes in...
Mass. Drivers Get Early Christmas Gift: An 8.7% Rate Cut
Dec 15 2005 // Massachusetts Insurance Commissioner Julianne M. Bowler announced that 2006 private passenger auto insurance rates will be cut an average 8.7% staewide next year. The new rate takes effect January 1 and translates to an...
