Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
Fitch: Katrina Causes Unprecedented Challenges, Risks for P/C Insurers
Oct 3 2005 // The circumstances surrounding Hurricane Katrina are unprecedented in many ways, reports Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
The artisan contractors market on the rise
Oct 3 2005 // As the United States’ total population creeps up on the 300 million mark, no one can call the residential construction industry a dying breed. The continuous need for housing is apparent in the nation’s fastest...
ACIC Disappointed by Court’s Ruling Regarding Driver Discounts
Sep 29 2005 // The Association of California Insurance Companies (ACIC) said it is disappointed by this week’s Court of Appeal ruling that struck down a 2003 state law that allows insurers to discount auto insurance premiums,...
Pa. Insurer Will Not Raise Medical Malpractice Rates for 2006
Sep 28 2005 // Physicians in Pennsylvania will get a break from rising malpractice insurance premiums next year, as the Pennsylvania Medical Society Liability Insurance Company has indicated it will not seek a rate hike in 2006. The...
Fitch: Hurricane Rita Won’t Cause Widespread U.S. Insurance Company Rating Changes
Sep 26 2005 // Fitch Ratings said Monday it expects Hurricane Rita will represent a material loss to the insurance industry and will create further strain on insurers’ claims-adjusting resources. However, Fitch does not expect any...
Virginia GOP Figures Could Face Depositions in Suit Against Insurer
Sep 26 2005 // If the Republican Party of Virginia’s lawsuit against its former insurer for refusing to cover a legal battle over the GOP eavesdropping scandal goes to trial, key GOP figures could again be subpoenaed and...
Pa. Town’s Insurer Pays to Settle ‘Officer NASCAR’ Suit
Sep 25 2005 // The insurance carrier for the city of Erie, Pa. will pay $600,000 to the parents of a woman left brain damaged by a car crash involving a police officer whose driving earned him the nickname “NASCAR” among his...
Deadly Trucking Crash Leads to Calls for Tighter Insurance Rules in Conn.
Sep 25 2005 // Connecticut Attorney General Richard Blumenthal has called on the Motor Vehicles Department to demand proof of insurance from all trucking companies in Connecticut. The request came after survivors of a fiery, 20-vehicle...
Big ‘I’ Adopts Insurer Disclosure Policy
Sep 25 2005 // The national board of the Independent Insurance Agents & Brokers of America (IIABA) has adopted a new policy on producer compensation disclosure by carriers. The policy seeks to avoid disparate and conflicting company...
Hawaii To Receive New Flood Insurer
Sep 23 2005 // Hawaii’s insurance commissioner has approved another insurer to come into the Hawaii market offering flood insurance. The new insurer, internet-based Insurecat, will provide “coverage for something as obscure...
MADD of N.J. Marks 25 Years with Help from Auto Insurers, Dealers
Sep 23 2005 // Acting New Jersey Governor Richard Codey today officially launched the New Jersey celebration of Mothers Against Drunk Driving’s 25th Anniversary. A $10,000 anniversary gift to MADD was presented by N.J.-based...
Conn. AG Blumenthal Expands Suit Against Marsh to Include Bid Rigging, Kickback Allegations
Sep 22 2005 // Connecticut Attorney General Richard Blumenthal announced new allegations in his lawsuit against insurance broker Marsh & McLennan Inc., including bid rigging, price fixing and illegally steering Connecticut...
TDI Outlines Expectations for Industry Regarding Hurricane Rita
Sep 22 2005 // As Hurricane Rita approaches the Texas coast, the Texas Department of Insurance issued several bulletins to the insurance industry. Bulletins are signed by the insurance commissioner and notify the industry of the...
PIA Requests Advance Emergency Orders From TDI
Sep 21 2005 // The National Association of Professional Insurance Agents and its affiliate, the Texas Insurance Professionals, are recommending that Texas insurance regulators and federal authorities ease certain insurance regulations...
ACIC Opposes Proposed California Department of Insurance Regulations
Sep 21 2005 // The Association of California Insurance Companies (ACIC) recently testified on proposed Department of Insurance regulations. According to Jeff Fuller, executive vice president and general counsel of ACIC, if passed, the...
Miss. Rep. Taylor Suggests Carriers Reclassify Katrina’s Damage, Make Flood Program Participation ‘Retroactive’
Sep 20 2005 // Two scenarios about how the federal government might help with insurance claims in the wake of Hurricane Katrina were suggested at a town hall meeting on Monday in D’Iberville, Miss. by U.S. Rep. Gene Taylor. If the...
Beecher Carlson Launches NOVUS Browser-Based Program
Sep 20 2005 // Beecher Carlson, an Atlanta-based insurance brokerage and risk management consulting company has launched NOVUS, a browser-based program-building solution that dramatically accelerates the issuance of accurate commercial...
An Open Letter to the Insurance Industry Seeking Assistance for Independent Agents Devastated from Hurricane Katrina
Sep 20 2005 // Independent insurance agents in Southeast Louisiana and South Mississippi face a daunting task as they play their part in rebuilding their shattered communities. They will need the help of the insurance companies whose...
Fitch: Katrina Causes Unprecedented Challenges/Risks for P/C Insurers
Sep 19 2005 // Circumstances surrounding Hurricane Katrina are unprecedented in many ways, said Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
