Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AIA Joins in Pursuit of Greater Access to India’s Market
Aug 4 2005 // The American Insurance Association (AIA) has urged the U.S. and Indian governments to make market liberalization in India a major trade priority. “Considering India’s size and potential as one of the...
Universal Holdings Creates New Personal Lines Insurer for Texas
Aug 3 2005 // Universal Insurance Holdings of North America, a wholly owned subsidiary of Universal Insurance Group based in Puerto Rico, announced the creation of Universal Insurance Company of Texas (UICTX). “This is a...
Best Affirms FSR for Mexican Insurer
Aug 2 2005 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Afianzadora Insurgentes SA de C.V. (Mexico City, Mexico) (AISA). The rating outlook is stable. The rating reflects AISA’s strengthened...
Fla. Acupuncturist, Two Patients Charged With Fraud
Aug 2 2005 // A Jacksonville acupuncturist and two of his patients are facing fraud charges after an investigation by the Department of Financial Services’ Division of Insurance Fraud and the National Insurance Crime Bureau...
Insurers Sue Security Firm for Hiring Alleged Md. Arsonist
Jul 31 2005 // The insurers for the company building the Hunters Brooke development in Charles County, Maryland have filed a lawsuit against the security firm that employed one of the men who allegedly set fire to the subdivision last...
Foreign Insurers in China – Risk or Opportunity?
Jul 28 2005 // With only four percent of its 1.3 billion people holding insurance policies, China represents the world’s largest but also perhaps most challenging opportunity for foreign insurers, according to a study published by...
Insurers Unveil ‘Market-Based’ Proposals to Boost Private Terrorism Insurance
Jul 27 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...
New Underwriting Tool Could Improve Competitiveness in Urban Markets
Jul 27 2005 // A new urban insurance underwriting methodology that uses what its creators say are sophisticated data mining technology and new sources of information beyond traditional credit scores may help insurers better analyze risk...
Key Elements of PCI’s ‘Market-Based’ Plan for Terrorism Risk Insurance
Jul 27 2005 // Key Elements in a Market-Based Approach to Terrorism Insurance Property Casualty Insurers Association of America Presented to the House Financial Servcies Committee July 26, 2005 Fundamental Objectives Fundamental...
Greater N.Y. Mutual CEO Makes Case for Terror Coverage; NAMIC Suggests Britain’s Pool Re as Model
Jul 27 2005 // Warren Heck, chairman and chief executive officer of Greater New York Mutual Insurance Company in New York, N.Y., brought his company’s front line experience with terrorism risk before a House Financial Services...
Va. Republicans Sue Insurer for $1M Cost of Eavesdropping Scandal
Jul 27 2005 // The Republican Party of Virginia is suing its liability insurance carrier, seeking nearly $1 million in reimbursement for the GOP’s payout to settle a lawsuit over the eavesdropping scandal and attorneys’ fees...
South Carolina Insurance Company, Consolidated American Insurance Liquidations Continue
Jul 27 2005 // Liquidation efforts are continuing for two companies, South Carolina Insurance Company and the Consolidated American Insurance Company, according to South Carolina’s Special Deputy Liquidator J. Smith Harrison...
NAMIC Questions “Black Box” Laws in N.D., Other States
Jul 26 2005 // Provisions in laws regulating event data recorders (EDRs or auto “black boxes”) could negatively impact the underwriting prerogatives of auto insurers, the National Association of Mutual Insurance Companies...
U.S. and Japan Insurers Propose International Accounting Standards
Jul 25 2005 // Leading U.S. life and property/casualty insurance and reinsurance companies and the four largest life insurance companies in Japan have jointly advanced a draft of basic insurance accounting principles that recognize the...
Study Shows 15 Insurers Contributed to Controversial 2002 Texas Election
Jul 25 2005 // Insurance companies that were fighting tighter state regulations were major corporate donors to a business lobby group’s mail campaign that helped Republicans take control of the Legislature in the 2002 elections,...
Neb. Man Paralyzed in Crash Loses Fight With Insurer
Jul 25 2005 // A man paralyzed in a crash with a Scotts Bluff County, Neb., sheriff’s cruiser that also killed his fiancee lost his fight to get money from the county’s insurance company, according to the Associated...
Survey Says: Myths About the Cost of Auto Insurance Persist
Jul 25 2005 // The color of a car influences how much it costs to insure it, Comprehensive coverage protects drivers in all situations because, after all, it’s “comprehensive,” and car insurance companies can charge...
Ohio Investigates Bid-Rigging Among Insurers, Brokers
Jul 25 2005 // The Ohio Department of Insurance is investigating allegations that brokers across the state are engaging in bid-rigging and undisclosed commission arrangements with insurance companies, the Associated Press reported. The...
Australian Insurers Adopt New Practice Code, Raising Consumer Expectations
Jul 25 2005 // A recently-launched new Code of Practice for the Australian insurance industry will mean general insurers will meet higher, measurable performance standards for dealing with customers, including settling claims in specific...
Canadian Auto Insurers, Consumer Group Clash Over Ontario Premiums
Jul 24 2005 // Canada’s auto insurers are disputing a recent study that showed Ontario drivers’ auto insurance rates are as much as 45 percent higher than those for British Columbia motorists. The Insurance Bureau of Canada...
