Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Seeks Guidance on Splitting Damages for Mo. Bus Crash 40 Ways
Nov 28 2005 // A Missouri bus company’s insurance company has asked a federal judge to determine how $5 million in potential damages would be distributed to more than 40 possible people or groups involved in crash of a bush...
A Year After Tornado, Insurers Still Assessing Olla, La., School
Nov 25 2005 // A year after tornadoes tore up Olla, La., the auditorium at LaSalle High School still has no roof. Boards cover school windows; the gym door swings open with each gust of wind. The building has been gutted, but no other...
1,309 in La. File Complaints Against Insurance Companies
Nov 23 2005 // Home and car owners in Louisiana have filed 1,309 complaints against their insurance companies since hurricanes Katrina and Rita, and few have been resolved, according to the state Department of Insurance. The Associated...
NAMIC Concerned about Oregon’s Single Construction Liability Insurer
Nov 23 2005 // The National Association of Mutual Insurance Companies (NAMIC) has announced it is concerned about Oregon’s Construction Claims Task Force (CCTF) decision to designate a “single private insurer” to...
S&P Raises Ratings on German Insurer VHF to “A”; Off CreditWatch
Nov 22 2005 // Standard & Poor’s Rating Services announced that it has “raised to ‘A’ from ‘A-‘ its long-term counterparty credit and insurer financial strength rating on Germany-based car and...
Insurers Cool to N.Y. Proposal to Freeze Access to Consumer Credit
Nov 22 2005 // Insurance company lobbyists urged New York lawmakers in Albany this week to refrain from blocking insurers’ access to consumer credit information as part of their efforts to protect consumers from identity theft. The...
Insurers, Nonprofits Offer Low-Income Loans to Health Clinics
Nov 22 2005 // Impact Community Capital, a consortium of major insurance companies, and NCB Development Corp. (NCBDC) have teamed to offer as much as $50 million in low-interest loans to community health clinics that have difficulty...
Insurer CEOs Address Cat Fallout at PCI Meeting
Nov 21 2005 // Several top insurance executives discussed the ramifications of Hurricane Katrina and other natural disasters in a panel discussion last month at the annual meeting of the Property Casualty Insurers Association of...
INSURERS NEED NOTICE ON CREDIT SCORES:
Nov 21 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...
Carrier Watch
Nov 21 2005 // Stock Prices: Despite the devastation caused by the three major hurricanes which struck the Gulf Coast and parts of Florida sending reinsurers scrambling to raise money to prevent ratings downgrades, commercial lines...
International Newsbriefs
Nov 21 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
Calif. Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 21 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates by winter. In announcing the move, the Commis-sioner also...
Case Law Watch
Nov 21 2005 // Eaton v. Continental Casualty Co. (California Court of Appeals, 2nd District, Sept. 15, 2005) Ruling: The court held that the insured’s suit against an excess insurer was not barred by the four-year statute of...
Taste for Success: Writing Today’s Wineries Requires Attention to Detail
Nov 20 2005 // Insuring wineries is a lucrative and growing business. All 50 states now produce wine and the business has a total economic impact of $33 billion, according to the Wine Institute. Insuring this tasty market, however,...
ILLINOIS
Nov 20 2005 // Lawmakers Pass Kids’ Health Plan: The Illinois House passed H.B. 806, Gov. Rod Blagojevich’s “All Kids” health insurance program on a 79-28 vote, following Senate approval on a 32-23 vote. The...
Torts Drive Commercial Auto in Heartland, Elsewhere
Nov 20 2005 // Insurers like writing commercial auto business, and most lines of business, in the Midwestern states because of market stability and a favorable legislative and regulatory climate. But even in this typically stable line of...
Insurer CEOs Address Cat Fallout at PCI Meeting
Nov 20 2005 // Several top insurance executives discussed the ramifications of Hurricane Katrina and other natural disasters in a panel discussion last month at the annual meeting of the Property Casualty Insurers Association of...
Carriers Flooded With Auto Damage Claims
Nov 20 2005 // Plantation, Fla., ‘Insurance Village’ The “Insurance Village” established by Florida’s Depart-ment of Financial Services in Plantation, Fla. west of Fort Lauderdale, had a lot of damaged...
Actions and Proceedings
Nov 20 2005 // Eaton v. Continental Casualty Co. (California Court of Appeals, 2nd District, Sept. 15, 2005) Ruling: The court held that the insured’s suit against an excess insurer was not barred by the four-year statute of...
Calif. Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 20 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates by winter. In announcing the move, the Commis-sioner also...
