Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Exclusions – Auto
Sep 19 2005 // This recurring feature examines insurance coverage decisions in the Midwest’s appellate courts, as compiled by the New York-based law firm of Goldberg Segalla LLC and edited by insurance lawyer Kevin T. Merriman...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
Fla. Lawmakers Nelson, Foley Voice Support for National CAT Fund
Sep 19 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of...
FEATURE: Midwest Insurers Pitch In for Katrina Relief
Sep 19 2005 // In the wake of Hurricane Katrina, insurers in the Midwest rose to the challenge, not only by getting adjusters on the ground as quickly as possible, but offering volunteer services and monetary contributions as well. The...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
Texas’ Workers’ Comp Reform Takes Effect, Deemed a ‘Win-Win’ for All
Sep 19 2005 // Conference panelists remain hopeful legislation will help state’s troubled system. The Insurance Council of Texas recently held its 2005 workers’ compensation conference in Austin, Texas, where different...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
Associations educate agents
Sep 19 2005 // As the Hispanic population surpasses 40 million with a combined purchasing power of more than $700 million, the insurance industry is keeping its eye on this ever-growing market segment. Hispanic agents and Latin agent...
Insurance Companies Pushing Colorado Mountain Residents to Firescape
Sep 19 2005 // Colorado’s average fire season has been a double-edged sword for Brett Gibson, a volunteer fire department chief in the tree-covered hills west of Boulder. He appreciates the lower threat of fires. But he is having...
Weathering the storm
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
News Briefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Two to Watch
Sep 19 2005 // The old saying goes, “No man’s life, liberty or property are safe while the legislature is in session.” We can all breathe easier and let the children out of the house, now that the Texas Legislature is...
Lawsuit Filed in La. Against Insurers, Commissioner Over Katrina Damages
Sep 16 2005 // Plaintiff attorneys with the McKernan Law Firm – Jerry McKernan, Joe Bruno, Calvin Fayard and Vernon Thomas – reported that they have filed a suit seeking a speedy, favorable resolution that all property and...
Insurance Council of Texas: Insurers Want to Hear from Katrina Victims
Sep 16 2005 // Evacuees who have come to Texas should contact their insurance companies as soon as possible, according to the Insurance Council of Texas. Adjusters representing insurers have begun the process of entering the areas...
Mass. Fair Plan Softens Rate Blow; Seeks12.5% Statewide, 25% on Cape Cod
Sep 15 2005 // Despite indications that a 28.4 percent statewide rate hike is called for, the Massachusetts Fair Plan is requesting a 12.5 percent hike across all homeowners policies. The residual market insurer’s overall request...
N.Y. AG Spitzer Indicts Former Marsh Execs for Roles in Bid Rigging, Fraud
Sep 15 2005 // New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills on Thursday announced the indictment of eight former executives of insurance brokerage giant Marsh Inc. for their roles in a bid rigging...
Best Takes Various Rating Actions in Wake of Katrina
Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies...
Miss. AG Accuses Five Carriers of Attempting to Cheat Katrina Survivors
Sep 15 2005 // Five major insurance companies were sued on Thursday by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
Fitch Moves 5 Insurers to Rating Watch Negative Following Katrina
Sep 13 2005 // Fitch Ratings has placed the ratings of five North American property/casualty insurance and reinsurance organizations on Rating Watch Negative Tuesday based on potential large loss exposures to Hurricane Katrina. The...
S&P Analyzes Earthquake Threat for Japan’s Property/Casualty Companies
Sep 12 2005 // “The one-two punch of insurance payouts and share price losses following a major earthquake in Tokyo would not immediately jeopardize insurance companies’ ability to pay claims, but could have a negative impact...
