Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Hurricane Katrina Will Not Disrupt Market, Insurers Say
Oct 5 2005 // While property/casualty industry expects insured losses from Hurricane Katrina to reach a record high of $34.4 billion, the Property Casualty Insurers Association of America says insurers will weather the storm of more...
Ohio, Ky. Insurers Reach Agreement in Lawsuits Filed in 2002
Oct 4 2005 // Greater Cincinnati and Northern Kentucky physicians have reached an agreement with Anthem Blue Cross and Blue Shield in Ohio and Kentucky stemming from lawsuits filed in 2002 against several insurers. Courts in Boone and...
Mass. Alters Formula for Sharing High Risk Auto Insurance Business
Oct 4 2005 // Some 18 months after a report called the current system unfair and inequitable and three months after a court halted a substitute plan, the Massachusetts Division of Insurance has approved a modification in the way high...
Fiebrink Tabbed as President, COO for Wausau Insurance Companies
Oct 4 2005 // Wisconsin-native Mark Fiebrink, an executive vice president for the Liberty Mutual Group, was named president and chief operating officer of Wausau Insurance. Fiebrink replaces Joe Gilles, who will assume a new leadership...
A.M. Best Assigns Ratings to Progressive’s N.J. Insurers
Oct 3 2005 // A.M. Best Co. has assigned the financial strength ratings of A+ (Superior) and issuer credit ratings of “aa” to Progressive Garden State Insurance Company, Progressive Freedom Insurance Company and Drive New...
Brian Sullivan: The Industry is Changing — Really
Oct 3 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...
Miss. Attorney General Hood Accuses Carriers of Cheating
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
ALA. COMMISSIONER ASKS CARRIERS FOR 60 DAY GRACE PERIOD
Oct 3 2005 // Alabama Insurance Commissioner Walter Bell has asked all carriers to provide a 60-day grace period for customers who have claims related to Hurricane Katrina to prevent the cancellation of policies from late payments.
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...
Case Law Watch
Oct 3 2005 // Exclusions–Criminal Acts Bamert v. Johnson (La. App. Aug. 17, 2005) Insured claims self-defense/question of fact on applicability of intentional, willful and malicious acts exclusion: This concerned an...
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Hurricane Rita Losses Not as High as Previous Storms
Oct 3 2005 // But destruction will add to totals from Dennis, Katrina and Ophelia. While indications are that damages from Hurricane Rita won’t come close to equaling those of its immediate predecessor, Hurricane Katrina, that...
Med-Mal Rate Increases Slow Down in Arkansas
Oct 3 2005 // The cost of malpractice insurance for Arkansas doctors didn’t rise as much this year, but a new law limiting damages in liability suits isn’t getting the credit, according to the Associated Press and the...
Miss. AG Accuses Carriers of Cheating
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
The Ins and Outs of Claims-Made Policies
Oct 3 2005 // Claims-made policies are policies commonly associated with professional liability policies, such as Directors & Officers, Employment Practices Liability and other miscellaneous professional liability policies including...
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...
New Report Warns of Rising Threat to US Insurers from Climate Change
Oct 3 2005 // Higher premiums, coverage restrictions already hitting many parts of country Hurricane Katrina is a poignant reminder that U.S. insurers, government and consumers are at enormous risk from escalating losses from hurricanes...
Brian Sullivan: The Industry is Changing – Really
Oct 3 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...
Citizens COO Quits; Investigations Ongoing After Kickback Accusations
Oct 3 2005 // Citizens Property Insurance Corp. Chief Operating Officer R. Paul Hulsebusch is facing accusations by Universal Risk Insur-ance Services in Houston, Texas, that after last year’s hurricanes he sought kickbacks from...
FLORIDA
Oct 3 2005 // The Prosecutor’s Office has charged five St. Petersburg residents with filing false claims and defrauding two car insurance companies after a May 2004 two-car wreck in Pinellas Park, Fla. Zlatan Ramic, Alija...
