Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
ISO: Insurers to Pay Hurricane Rita’s Victims $4.7B for Insured Property Losses
Nov 1 2005 // U.S. property/casualty insurers will pay an estimated $4.7 billion for insured property losses to residential and commercial policyholders affected by Hurricane Rita, according to preliminary analysis by ISO’s...
Insurers Investigate Fires at Flood-Damaged Homes in La.
Oct 31 2005 // Some of the New Orleans homes drowned by the flooding that followed Hurricane Katrina have been damaged by a second calamity – fire, according to the Associated Press. Louisiana investigators and insurance companies...
Miss. Auto Insurance Law Doesn’t Require Punitive Damage Coverage, Court Rules
Oct 28 2005 // Mississippi state law does not require insurance companies to cover punitive damage awards in their automobile liability policies, the Mississippi Supreme Court has ruled. In 2002, Shelter Mutual Insurance Co. and Shelter...
Judge Rules Insurance Carrier Doesn’t Have to Pay ClearOne
Oct 28 2005 // A federal judge has ruled that an insurance carrier does not have to help ClearOne Communications cover a $10 million settlement with its shareholders. U.S. District Court Judge Tina Campbell said ClearOne, a maker of...
CDI Amends Proposed “Action Notice” Filing Regulations
Oct 28 2005 // The California Department of Insurance has agreed to delete a controversial section of proposed regulations that would have required insurers to notify CDI whenever a notice of agency appointment was terminated “for...
S&P Issues Upbeat Report on Latin American Insurers
Oct 27 2005 // Standard & Poor’s Ratings Services has issued a new, and quite positive, report – “Top 50 Latin American Insurers Show Improving Fundamentals.” The rating agency cited “the growing...
TDI Reports Sept. Enforcement Actions
Oct 27 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during September. The actions include seven license revocations, two license denials and fines and...
N.D. Insurers Must Provide Notice on Credit Scores
Oct 27 2005 // North Dakota Insurance Commissioner Jim Poolman has issued a memorandum to property/casualty insurers writing business in the state stating companies using credit-based insurance scores in the underwriting and rating of...
Fitch: Hurricane Wilma Further Strains a Delicate Florida Insurance Market
Oct 26 2005 // Fitch Ratings today said Hurricane Wilma represents a major blow to an already weak Florida property insurance market. If actual insured losses come in at the high end of the estimated range ($4 billion to $10 billion),...
N.Y. State Employees Honored for Roles in Lowering Auto Rates
Oct 26 2005 // Ten New York State Insurance Department employees and five from the New York State Division of Criminal Justice Services have been presented with the Governor’s Office of Employees Relations’ Workforce...
Best Practices Report Outlines Tips for Effective Use of Agency Technology
Oct 25 2005 // The Agents Council for Technology (ACT) has compiled a series of best practices to help carriers, vendors, user groups and agent associations convince independent agencies and brokers to implement new workflows and...
S&P Evaluates Effect of EU Regulations on Europe’s Insurers
Oct 24 2005 // Standard & Poor’s Ratings Services has published a study of the effects of new regulations on European insurers, which concludes that the regulations and structural developments within the sector “are...
La.’s ‘Last Resort’ Insurer Target of Numerous Complaints
Oct 24 2005 // Hailed as a means of saving Louisiana’s foundering insurance industry when it was formed two years ago, a state-created insurance company is being slammed by policyholders and an advocacy group for its alleged...
Md. Workers Comp Insurer Retains CEO Bromwell Despite Indictments
Oct 23 2005 // Former State Sen. Thomas Bromwell will retain his position as president and chief executive officer of Maryland’s largest workers’ compensation insurer despite his indictment in an alleged racketeering scheme...
Weak Competition Drives N.H. to Require Prior OK of Med-Mal Rates
Oct 20 2005 // Medical malpractice insurers writing in New Hampshire will be required to get advance approval of any rate changes during the next year following an order by Insurance Commissioner Roger Sevigny. The switch to prior...
UnitedHealth Sues Insurers
Oct 20 2005 // One of the larger U.S. managed health care companies, UnitedHealth Group Inc., is suing two insurance firms for denying claims. UnitedHealth, based in Minnetonka, Minn., alleges it was improperly denied at least $18...
Insurer Group AIA Names Murphy to Head Northeast Office
Oct 19 2005 // The American Insurance Association (AIA) announced today that John P. Murphy will join its northeast regional operation as regional vice president. Murphy will manage regional offices in Boston and Albany, New York, which...
Fla. Insurance Industry Preps for Wilma
Oct 19 2005 // Hurricane Wilma, with a barometric pressure of 882 mb, is now the most intense hurricane on record in the Atlantic Basin. After rapid intensification Tuesday night, Wilma is now a potentially catastrophic Category 5...
Insurers Urge Md. to Attack Costs, Trim Mandates to Lower Urban Rates
Oct 18 2005 // Insurance companies are urging Maryland officials looking for ways to reduce urban auto insurance rates to focus on curbing the underlying costs, reducing the required benefits package and encouraging insurers to expand in...
Best Removes Allmerica from Under Review; Assigned Stable Outlook
Oct 18 2005 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the publicly-traded holding...
