Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Frustration Grows in La., Miss., as Hurricane Survivors Wait for Insurers
Nov 4 2005 // Once a proud businessman, William Dwyer sits in a New Orleans-area parking lot these days begging his insurer for money. The 57-year-old retiree said he was quick to file claims after Hurricane Katrina severely damaged his...
FastSnap Photo Service Helps Insurers Handle Wilma Claims
Nov 3 2005 // Reseda, CA – FastSnap’s network of photographers is available to help insurers and agents document hurricane losses in South Florida. “Our role usually fits on the underwriting side, but in this...
BPG: Industry Can Reduce Costs by as Much as 30% in Implementing Business Process Automation Technology
Nov 2 2005 // BearingPoint Inc., a global management and technology consulting firm, announced the results of a global research study showing that insurance companies that implement key automation technology can reduce costs by as much...
Mich. Insurer Expands to Ohio and Iowa
Nov 2 2005 // American Community Mutual Insurance Co. has expanded availability of its small group health care plan for companies with two to 50 employees to Ohio and Iowa. The health care plan offers insured members access to their own...
Gov. Romney, Insurers Wage TV Ad War Over Mass. Auto Reforms
Nov 2 2005 // Massachusetts Gov. Mitt Romney’s legal office asked television stations this week not to air advertisements attacking his auto insurance reform proposal, sparking criticism that he is trying to squelch debate about...
Insurers Challenge Delaware Curb on Use of Claims History in Renewals
Nov 1 2005 // Insurers are challenging a Delaware regulation that limits their ability to base homeowners insurance underwriting decisions on insureds’ past claims history. The American Insurance Association and the Property...
J.D. Power: Hurricanes Play Major Role in Homeowners Customer Satisfaction
Nov 1 2005 // Major hurricanes, such as the ones that have ravaged the Gulf Coast states in the past two years, have had a significant negative impact on homeowners insurance customer satisfaction in those states, according to the J.D....
Canada Insurers Launch Major Injury Prevention Campaign
Nov 1 2005 // Canada’s home, car and business insurers recently launched a National Injury Prevention Campaign to reinforce the message that most injuries are preventable. The campaign will travel to many towns across the country...
Lawsuit Claims Disability Insurer Sought to Avoid Paying Claims
Nov 1 2005 // UnumProvident Corp., the nation’s largest disability insurer, systematically sought ways to avoid paying claims to millions of California customers, a lawsuit claims. The lawsuit filed in Superior Court by...
Carriers Flooded With Auto Damage Claims from Hurricane Wilma
Nov 1 2005 // The “Insurance Village” established in Plantation, Fla. near Fort Lauderdale by the Department of Financial Services, had a lot of damaged vehicles in the lot, and many auto policyholders were seen in the...
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...
