Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
U.S. Firms Prevail as Court Denies British Insurer’s Scheme to Curtail Liabilities Yet Remain Solvent
Jul 22 2005 // London insurance companies facing asbestos, pollution and other long-tail liabilities to U.S. policyholders that resort to so-called “solvent schemes” to cut off claims and avoid liquidation have been dealt a...
Missouri Employers Mutual Joins Trusted Choice
Jul 22 2005 // The Independent Insurance Agents & Brokers of America announced that Missouri Employers Mutual Insurance (MEM), based in Columbia, Mo., has joined a growing number of leading carriers that are participating in the...
Delaware Commissioner Wants To Publicize Complaints Against Insurers
Jul 21 2005 // Delawareans would be able to evaluate insurance companies based on the number and kinds of valid complaints made against them by their customers under a new system proposed by Delaware Insurance Commissioner Matthew...
Insurer Exec Scheiber Named to Head S.D. Insurance Division
Jul 20 2005 // A Sioux Falls insurance executive has been appointed as the new director of the South Dakota Division of Insurance, the Argus Leader reported. Merle Scheiber will take over on Aug. 18 after departing his current position...
Greenspan: Private Insurers Can’t Cover Terror Risk Without Government
Jul 20 2005 // Federal Reserve Chairman Alan Greenspan again testified that he believes that private insurers alone can’t handle the risk of losses resulting from terrorist attacks. In testimony before the House Financial Services...
Citing N.H. Med-Mal Market as Non-Competitive, Analyst Urges Prior Approval of Future Rates
Jul 19 2005 // The malpractice insurance market for doctors, hospitals and other medical professionals in New Hampshire is lacking competition such that a law allowing the insurance commissioner to approve any future rate hikes should be...
News Currents
Jul 18 2005 // Two Industry Opposed Bills Die in California Legislature California’s SB 46 and SB 603 both died in the Legislature in late June, allowing insurers to breathe a little easy-for now. SB 46, authored by Sen. Richard...
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
MORE CHOICES IN HOMEOWNERS MARKET
Jul 18 2005 // The market for homeowners insurance in Louisiana is expanding, according to Associated Press and New Orleans Times-Picayune reports. More companies are apparently writing policies, and those that already were in the state...
Opinion: Rare Calif. Policy Success Tries to Survive
Jul 18 2005 // This month new workers’ compensation insurance rates went into effect in California. And thanks to reforms championed early on by State Sen. Charles Poochigian and Assemblyman Abel Maldonado, and later pushed by Gov....
Agent Leader Hits Hodgepodge of Disclosure Rules by Insurers
Jul 18 2005 // While insurance companies are calling upon state officials to coordinate their responses to the various brokerage compensation and other inquiries, independent insurance agents are worried about how the insurers themselves...
The London Bombings: Terror Pool Will Help Cover Losses
Jul 18 2005 // Sept. 11, March 11, July 7–dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in London killed at least 52 people, sent...
Two Industry Opposed Bills Die in California Legislature
Jul 18 2005 // California’s SB 46 and SB 603 both died in the Legislature in late June, allowing insurers to breathe a little easy–for now. SB 46, authored by Sen. Richard Alarcon (D — San Fernando Valley), would have...
Working With Your E&S Wholesaler: Be Nice … You’ll Need Them Again!
Jul 18 2005 // The surplus-lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard”...
By George Rothert
Jul 18 2005 // Working With E&S Wholesalers: Be Nice You’ll Need Them Again! The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a...
Va. Med-Mal Insurer’s Collapse Has Patients and Doctors Scrambling
Jul 18 2005 // Like many pediatricians, Dr. Raymond Jones has enjoyed watching his “kids” graduate from infancy to college. But his smiles often masked his anxiety that he was about to be ruined. The 2002 collapse of his...
CALIF. PANEL APPROVES MEASURE REQUIRING INSURERS TO EXPLAIN WHY POLICIES ARE DECLINED:
Jul 18 2005 // The California Assembly Insurance Committee approved an amended measure that will now require insurers to provide an explanation to consumers when policies are declined, canceled or non-renewed, AIA reported. The bill, SB...
The London Bombings: Terror Pool Will Help Cover Losses
Jul 18 2005 // September 11, March 11, July 7-dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in London killed at least 49 people, sent...
New SOX Rules Don’t Fit Mutual Insurers for Size
Jul 18 2005 // For mutual property/casualty insurers, year-one SOX compliance costs would exceed $300 million. It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between...
Allocation
Jul 18 2005 // Wooddale Builders vs. Maryland Casualty Co. (Minnestoa Court of Appeals, May 3, 2005) -Ruling: Appropriate end date for time-on-the-risk allocation is date of remediation.House builder brought action against commercial...
