Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Pays $11 Million in Wisc. Tornado Claims
Aug 31 2005 // American Family Insurance of Madison has paid out $11 million in damage claims so far as a result of the Aug. 18 tornadoes that hit central Wisconsin. The insurer provided an update Wednesday on damage claims stemming from...
Rehabilitation Efforts Move N.Y.’s Frontier Insurance Closer to Reopening
Aug 30 2005 // Frontier Insurance Company, which was seized by New York officials four years ago, is closer to reopening for business thanks to a recent court decision awarding the New York Liquidation Bureau greater flexibility over its...
American Modern, Other Insurers Make Ward Top 50
Aug 30 2005 // Midland Co.’s American Modern Insurance Group made the annual Ward’s 50 Benchmark Group of best-performing insurance companies. Cincinnati-based insurance consulting firm The Ward Group also honored Cincinnati...
Katrina Could Cost Insurers Up to $30 Billion, Forecasters Say
Aug 29 2005 // Oakland, Calif.-based EQECAT, Inc., Oakland, Calif., announced Sunday afternoon that based upon current information provided by the National Oceanic and Atmospheric Administration (NOAA) about Hurricane Katrina,...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims as Storm Moves North
Aug 29 2005 // Policyholders with questions regarding their coverage for damage caused by Hurricane Katrina should contact their insurance agent or company representative. To assist consumers, special toll-free numbers have been set up...
Del. Captive Insurance Association Applauds New State Legislation
Aug 25 2005 // At a ceremonial bill signing held earlier in the week, the Delaware Captive Insurance Association (DCIA) commended the Delaware General Assembly and Delaware Gov. Ruth Ann Minner for the recent passage of House Bill 218,...
AIA Disturbed by New Federal Motor Carrier Rules
Aug 25 2005 // The American Insurance Association (AIA) is reportedly extremely disappointed that the federal agency overseeing motor carrier safety has approved new rules that would allow commercial truckers to drive more with less...
TBIC Earns Rating of A
Aug 25 2005 // Texas Builders Insurance Company has earned a Financial Stability Rating (FSR) of A, Exceptional from Demotech Inc. This level of Financial Stability Rating is applicable to insurers possessing exceptional ability to...
PCI Disappointed with Recent Dialogue on NAIC Insurer Receivership Model Act
Aug 24 2005 // The Property Casualty Insurers Association of America (PCI) expressed disappointment recently with the latest direction taken by the National Association of Insurance Commissioners’ (NAIC) Financial Conditions (E)...
Lawsuit’s Settlement Requires Insurers to Pay $50M in Jacksonville, Fla. Incinerator Cleanup
Aug 23 2005 // Insurance companies formerly insuring Jacksonville, Fla. will pay $50 million, while the city will pay $25 million, in the $75 million settlement of a class-action lawsuit filed in 2003 by local residents. The city has...
Insurers Counting Claims from Wisc. Tornado Strike
Aug 23 2005 // American Family Insurance of Madison, Wisc., which insures about one of every four homes in Wisconsin, has $10.3 million in claims and expects that figure to increase to $12 million. American Family reported receiving 320...
Texas Election Lawsuit Expanded to Include Insurers
Aug 22 2005 // Several corporate donors, most of them insurance companies, are now defendants in a civil lawsuit filed by three losing Texas Democratic legislative candidates in connection with funding of their opponents’...
Claims History Model Act Now in Hands of State Legislators
Aug 22 2005 // NCOIL Model Addresses Use of Claims, Inquiries in Underwriting Homeowners Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel...
Insurance Industry’s Share of Weather-Related Losses Rising, Researcher Says
Aug 22 2005 // Also, Majority of Weather Losses Tied to Smaller Events, Not Larger Catastrophes The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of...
FLEX RATING MODERNIZATION BILL SIGNED INTO LAW IN ALASKA:
Aug 22 2005 // The Property Casualty Insurers Association of American praised Gov. Frank Murkowski for signing into law legislation which will modernize and improve Alaska’s system for establishing rates for homeowners, auto and...
News Briefs
Aug 22 2005 // MASSACHUSETTS Health Insurance Rates Rising: The state’s largest health insurers say most Massachusetts companies and their workers will see increases of 10 percent or more in their health insurance premiums...
Eavesdropping Scandal Aftermath Pits Insurer Vs. Virginia GOP
Aug 22 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 an eavesdropping scandal and attorneys’ fees...
Auto-Liability
Aug 22 2005 // This recurring feature examines insurance coverage decisions in the Midwest’s appellate courts, as compiled by the New York-based law firm of Goldberg Segalla LLC and edited by insurance lawyer Kevin T. Merriman...
People
Aug 22 2005 // The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. With members from more than 30 U.S....
News Briefs
Aug 22 2005 // Arkansas Conference to Aid Business Leaders The Arkansas Workers Compensa-tion Commission will hold the 18th Annual Workers’ Compen- sation Educational Conference Oct. 12-14 in Little Rock. The AWCC said businesses...
