Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Alabama Insurers Offering Suspended Billing, Grace Periods
Sep 6 2005 // Some insurance companies are suspending billings or offering grace periods for payments from Alabama customers affected by Hurricane Katrina, state Insurance Commissioner Walter Bell said. AFLAC, Alfa, Allstate, Farmers,...
Australian P/C Insurers Credit Quality Remains Strong Says S&P
Sep 6 2005 // Standard & Poor’s Ratings Services has issued a statement indicating that “credit quality among the nonlife insurance players in Australia should remain strong over the next couple of years, supported by...
Report Says U.S. Insurance Industry Loses More than $16B in 2004 on Auto Premium Rating Error
Sep 6 2005 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, has released its annual Premium Rating Error report. The report concludes that premium rating errors continue to lower the overall profits of auto...
Mich. Med-Mal Insurer Withdraws Bid on PIC Wisconsin
Sep 6 2005 // American Physicians Capital Inc., a Michigan provider of malpractice insurance, has withdrawn its hostile bid to buy 24 percent of Physicians Insurance Co. of Wisconsin Inc. and opted to purchase a lesser share of the...
Case Law Watch
Sep 5 2005 // Richard v. Century Sur. Co. (W.D. La. June 25, 2005) Question of fact regarding reinstatement of CGL policy: This concerns property damage incurred during Hurricane Lillie on Oct. 3, 2002. The insured made a claim under...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims
Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina–which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29–would be in the $10 billion to...
Case Law Watch
Sep 5 2005 // Boghos v. Certain Underwriters at Lloyd’s of London (California, July 18, 2005) Ruling: This case considered the effect and enforceability of an arbitration clause in a contract for disability insurance. The Supreme...
Insurers Tally Damage After Wisc. Tornadoes
Sep 5 2005 // Insurance companies are totaling up the damage from more than two dozen tornadoes that struck south-central Wisconsin in mid-August. Statewide, the storms resulted in one death, 30 injuries, 20-25 destroyed homes, and 200...
Cancellation and Reinstatement
Sep 5 2005 // Richard v. Century Sur. Co. (W.D. La. June 25, 2005) Question of fact regarding reinstatement of CGL policy: This concerns property damage incurred during Hurricane Lillie on Oct. 3, 2002. The insured made a claim under...
Disasters: Have They Become a Year-Round Phenomenon in California?
Sep 5 2005 // Are disasters in California happening more frequently or are communication technological advances today making us more aware of impending and hard hitting disasters? To really comprehend, we must examine how our state has...
News Briefs
Sep 5 2005 // MASSACHUSETTS Fed Probe Firing of MassMutual CEO: Federal prosecutors are investigating the conduct that led to the firing of former MassMutual Insurance Comany chief executive Robert J. O’Connell, the company...
Insurers Tally Damage After Wisc. Tornadoes
Sep 5 2005 // Insurance companies are totaling up the damage from more than two dozen tornadoes that struck south-central Wisconsin in mid-August. Statewide, the storms resulted in one death, 30 injuries, 20-25 destroyed homes, and 200...
State Farm of Florida’s Rate Request Questioned
Sep 5 2005 // Citing concern that insurance companies are using the 2004 hurricanes to unfairly raise rates, Florida’s Chief Financial Officer Tom Gallagher has called for an independent review of a rate increase on homeowners...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims
Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina-which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29-would be in the $10 billion to $30 billion...
Arbitration
Sep 5 2005 // Boghos v. Certain Underwriters at Lloyd’s of London (California, July 18, 2005) Ruling: This case considered the effect and enforceability of an arbitration clause in a contract for disability insurance. The Supreme...
Disasters: Have They Become a Year-Round Phenomenon in California?
Sep 5 2005 // Are disasters in California happening more frequently or are communication technological advances today making us more aware of impending and hard hitting disasters? To really comprehend, we must examine how our state has...
News Briefs
Sep 5 2005 // NAMIC ENCOURAGES RATE MODERNIZATION IN HAWAII: The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passing rate modernization laws would benefit state commerce and insurance...
Insurers Address Brokerage Income Directly to Consumer
Sep 5 2005 // Just last week, one of the assistant directors at our firm, Brunie Lugo, was routinely reviewing a client’s renewal quotation she had received, checking it for accuracy, reviewing the pricing and proposed renewal...
After the Internet, Comes The Invasion of the Insurance Exchanges
Sep 5 2005 // Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are on the verge of even greater victories, one of the industry’s technology...
