Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Brian Sullivan: The Industry is Changing – Really
Oct 17 2005 // Even though we’ve heard it many times before, the insurance agency business is on the cusp of huge changes, driven in part by technology, a host of new and better insurance products, and increased stability on the...
California Workers’ Comp Overhaul Sets Stage for Nationwide Reforms
Oct 17 2005 // The broad reforms in California’s workers’ compensation system serve as an example for the nation, as employers and insurers in the state are getting sizeable financial relief from runaway workers’...
News Briefs
Oct 17 2005 // California Judge throws out $700 million jury award in Executive Life Suit A federal judge has thrown out a $700 million (euro586 million) award for punitive damages won by the state of California in a lawsuit stemming...
Brian Sullivan: The Industry is Changing – Really
Oct 17 2005 // Although we’ve heard it many times before, the insurance agency business is on the cusp of huge changes, driven in part by technology, a host of new and better insurance products and increased stability on the part...
News Briefs
Oct 17 2005 // Katrina Churns in $34.4B in Losses: Hurricane Katrina is expected to cost U.S. property/casualty insurers an estimated $34.4 billion in insured property losses, making it the costliest U.S. catastrophe ever, according to...
Health Insurance Companies Must Continue Coverage in La.
Oct 16 2005 // Louisiana Commissioner of Insurance Robert Wooley has ordered health insurance companies in Louisiana to keep covering victims of Hurricane Katrina, even if they cannot pay their premiums, according to the Associated Press...
California Supreme Court Upholds Insurance Commissioner’s Authority
Oct 14 2005 // The California Supreme Court ordered to “de-publish” a Court of Appeal ruling — AIA vs. Garamendi — often touted by insurance companies as limiting the regulatory authority of the Insurance...
NAMIC Welcomes New Board Members
Oct 14 2005 // The board of directors of The National Association of Mutual Insurance Companies (NAMIC) welcomed 10 new members during the board’s quarterly meeting in Phoenix, Ariz. “These new members add even more depth to...
NAMIC Not Part of Group Submitting Alternate Proposal to NAIC on SOX-Like Internal Control
Oct 13 2005 // Maintaining its position that such measures are unwarranted for mutual insurers, the National Association of Mutual Insurance Companies (NAMIC) was reportedly not part of an industry interested parties’ group...
Canadian Insurers Launch Toll-Free Crime Hotline for Consumer Tips
Oct 12 2005 // A bulletin from the Insurance Bureau of Canada gives details of a new anti-crime initiative, designed to make it easier for Canadians to report auto theft, insurance fraud, staged auto collisions and other crimes related...
Former Marsh CEO Reportedly Building Fund to Invest in Insurers
Oct 12 2005 // Jeffrey Greenberg, former Marsh & McLennan chief executive officer, is raising funds for a private equity fund that will invest in insurance and other financial services companies, the Wall Street Journal has...
HCC Insurance Holdings to Acquire GM’s Life Insurer
Oct 12 2005 // HCC Insurance Holdings Inc. has agreed to acquire MIC Life Insurance Corporation from Motors Insurance Corporation, a subsidiary of GMAC Insurance Holdings Inc., for an undisclosed consideration. MIC Life is currently...
Redmer Resigns as Maryland Chief to Take Health Insurer Position
Oct 12 2005 // Maryland Insurance Commissioner Alfred W. Redmer is leaving his state job to become chief executive officer of Coventry Health Care, a Delaware-based health insurance company. “It’s just a perfect...
Austrian Insurers Need Better Risk Assessment Says S&P
Oct 11 2005 // Despite the fact that the Austrian insurance industry came off “relatively lightly from the recent summer floods,” Standard & Poor’s Ratings Services said it “believes the event reinforces the...
New Report Gives Tips for Railroad Transport Insurers
Oct 11 2005 // With costs for energy rising, there may be renewed interest in shipping by more by rail and less by truck when considered economically viable, according to a new report by the Inland Marine Underwriters Association (IMUA)...
Universal Insurance Company of Texas Adds Staff
Oct 11 2005 // Universal Insurance Holdings of North America announced it has added new members to the Universal Insurance Company of Texas (UICTX) team, based in San Antonio. Katherine Moore, vice president of Texas operations for UICTX...
Canadian Insurers Launch Toll-Free National Insurance Crime TIPS Line
Oct 6 2005 // Canada’s home, car and business insurers announced the launch of a national insurance crime TIPS line to make it easier for Canadians to report auto theft, insurance fraud, staged auto collisions and other crimes...
Insurers Appointing N.J. Agencies in Record Numbers, Reports PIANJ
Oct 6 2005 // Insurance companies are making new agency appointments in New Jersey in record numbers, according to a recent member survey by the Professional Insurance Agents of New Jersey Inc. The association annually updates its data...
Record First-Half, Surplus Boost P/C Insurers’ Ability to Pay Hurricane Losses
Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...
Calif. Commissioner Reports Distribution of $386M to Policyholders Involving Bankrupt Insurers
Oct 5 2005 // California Insurance Commissioner John Garamendi announced Wednesday that $386 million has been distributed this year to policyholders and claimants of insolvent (bankrupt) insurers liquidated through the state’s...
