Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
Ala. Commissioner Asks Carriers for 60 Day Grace Period
Sep 12 2005 // Alabama’s Insurance Commissioner Walter Bell has asked all insurers in his state to provide a 60 day grace period for customers who have claims related to Hurricane Katrina to prevent the cancellation of policies...
Miss. Commissioner Dale Urges Insurers to Pay ‘All’ Valid Katrina Claims
Sep 9 2005 // Mississippi Insurance Commissioner George Dale has issued a bulletin to insurance companies urging insurers pay all valid claims from Hurricane Katrina. The bulletin warns insurers that if they deny a claim, they will be...
EEOC Sues Wis. Insurer Over Fired Pregnant Worker
Sep 9 2005 // The U.S. Equal Employment Opportunity Commission has filed a discrimination lawsuit against a central Wisconsin insurance company, claiming it fired an employee because she was pregnant. But Mount Morris Mutual Insurance...
S&P Issues Report on European Insurers U.S. Operations
Sep 8 2005 // Standard & Poor’s Ratings Services has issued a new report on how European insurers are doing in the U.S. market. The article entitled “Some European Insurers Maintain U.S. Property/Casualty Operations...
Llorente Investigations to Manage Special Investigative Unit for Alaska National Insurance Company
Sep 8 2005 // Llorente Investigations, a Huntington Beach, Calif.-based investigation firm specializing in insurance fraud investigations, has announced it will provide the Special Investigative Unit (SIU) for Alaska National Insurance...
New Report Warns of Rising Threat to Industry from Climate Change
Sep 8 2005 // Hurricane Katrina is a reminder to the U.S. insurance industry, companies, governments and the general public that all are at risk from escalating losses from hurricanes and other weather-related events due to climate...
Louisiana Proposes Insurance Company Restrictions
Sep 8 2005 // A draft order released by Louisiana’s insurance commissioner Wednesday would significantly restrict the ability of property and health insurance companies to cancel the policies of Hurricane Katrina victims in that...
N.Y. Court Awards No-Fault Damages Despite Late Notice to Insurer
Sep 7 2005 // A New York trial judge has dealt a blow to New York State’s timely insurance no-fault auto insurance notice requirement, under which insurers can deny coverage if a claim is not filed within a set period. Following a...
Mercury Insurance Named Texas Insurance Company of the Year
Sep 7 2005 // Mercury Insurance Group has been named “Texas Insurance Company of the Year” by the Texas Insurance Professionals, the Texas affiliate of PIA National. The award was announced at their Annual Meeting, held...
