Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.Y., Conn., N.J. Agents Pick Best-Performing Insurance Companies
Aug 8 2005 // Asked to evaluate insurers in 16 performance categories, agents in the tri-state region of Connecticut, New York and New Jersey rated 14 insurance companies as overall best performers. The winners, in no particular order,...
CAS Attendees Hear of Positive Trends in California Workers’ Comp
Aug 8 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society (CAS)...
Insurers Unveil ‘Market-Based’ Proposals to Boost Terrorism Coverage
Aug 8 2005 // Property casualty insurers have outlined what they term a “market-based” approach to providing terrorism risk insurance. The proposals include repeal of some state laws on fire policies and creation of a...
INSURERS SEE CAFTA AS IMPORTANT STEP:
Aug 8 2005 // Congress took an important step toward opening the world’s insurance markets when it approved the Central American Free Trade Agreement (CAFTA), the American Insurance Association said. “Costa Rica, one of the...
Business Interruption: When Has the Insurer Satisfied Its Obligation?
Aug 8 2005 // One of the most problematic insurance questions that developed following the destruction of the World Trade Center on Sept. 11, 2001, involved business interruption coverage. With the destruction of the World Trade Center...
Insurers Unveil ‘Market-Based’ Proposals to Boost Terrorism Coverage
Aug 8 2005 // Property casualty insurers have outlined what they term a “market-based” approach to providing terrorism risk insurance. The proposals include repeal of some state laws on fire policies and creation of a...
CAS Attendees Hear of Positive Trends in California Workers’ Comp
Aug 8 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society (CAS)...
Getting Serious About Regional Carrier Solvency
Aug 8 2005 // Demotech Inc. recently completed an exhaustive study of its 23,118 insurance company Preliminary and final Financial Stability Ratings (PFSRs and FSRs) issued from 1989 through 2004 and found that regional and specialty...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
Fla. Homeowners Rates to Rise by 6.8 Percent Again This Summer
Aug 8 2005 // Florida homeowners can expect to receive a 6.8 percent increase in their insurance rates to pay for Citizens Property Insurance Corporation’s deficit, according to Bob Hartwig, chief economist at the Insurance...
News Briefs
Aug 8 2005 // National Poll Reveals Americans’ Views on Aging: A poll by the MetLife Mature Market Institute conducted by Zogby International shows that 60 percent of Americans believe “old” is age 71 and over, but...
N.Y., Conn., N.J. Agents Pick Best-Performing Insurance Companies
Aug 8 2005 // Asked to evaluate insurers in 16 performance categories, agents in the tri-state region of Connecticut, New York and New Jersey rated 14 insurance companies as overall best performers. The winners, in no particular order,...
Del. Restricts Homeowners Renewals, Requires ‘Gap’ Disclosure
Aug 7 2005 // Delaware Insurance Commissioner Matthew Denn wants to restrict insurers from canceling homeowners’ insurance policies because they have made a few claims and require insurers to more fully disclose to insureds...
Insurer Rebuts Va. GOP Lawsuit
Aug 7 2005 // A state Republican Party lawsuit seeking nearly $1 million from an insurance company that refused to cover the GOP after Democrats sued over partisan eavesdropping is frivolous, the insurer contends in a court...
Ariz. Healthcare Insurers to Have Physician Rating Program
Aug 5 2005 // Two of Arizona’s largest health insurers are rolling out programs that will rate physicians, and patients could get cheaper co-payments if they choose doctors who receive high marks for both quality of care and cost...
WCIRB Report On First Quarter 2005 Insurer Experience Released
Aug 5 2005 // The Workers’ Compensation Insurance Rating Bureau has completed its report summarizing insurer loss and premium experience through March 31, 2005. To view the full report, visit...
Insurance Company of the West Unveils Stand-Alone Terrorism Coverage
Aug 5 2005 // Insurance Company of the West has announced it will offer admitted stand-alone property terrorism coverage for most states around the country. Additional states, including New York, New Jersey, Vermont, Connecticut,...
Conn. School Insurer Says Parents of Alleged Bully Should Pay
Aug 4 2005 // The insurance company for Stonington, Conn. has filed a legal complaint claiming that if school officials lose a bullying lawsuit, then parents of the alleged bullies should pay as well. A lawsuit filed by a Pawcatuck...
Insurers Hail N.Y. Physician Decertification Fraud Reform
Aug 4 2005 // Insurance companies are applauding New York Gov. George Pataki for signing legislation that they say will assist them in their efforts to fight insurance fraud. Pataki signed A.8376, the physician decertification bill,...
Report to Congress: Repealing Anti-Trust Exemption Would Change Insurers’ Pricing Habits
Aug 4 2005 // A new government report finds that if the insurance industry lost its current exemption from federal anti-trust laws, insurance companies would probably no longer be allowed to rely on rating organizations for projections...
