Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Drawert Honored with ICT Award as Insurers Celebrate Improvements
Aug 22 2005 // Jim Drawert, vice president and chief underwriting officer for The Republic Group, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 13th Annual Mid-Year Property and Casualty...
Catastrophe Models No Substitute for Experienced Underwriters
Aug 22 2005 // Managing Editor, Insurance Insider Computer programs designed to predict losses from possible cataclysmic events have been a boon to the insurance industry-the programs have reinforced reinsurers’ loss expectations,...
News Briefs
Aug 22 2005 // WIAA SUBMITS COMMENTS ON LATEST GARAMENDI AGENDA PROPOSAL: The Western Insurance Agents Association submitted comments to the California Department of Insurance opposing yet another over-reaching proposed regulation...
Claims History Model Act Now in Hands of State Legislators
Aug 22 2005 // Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel their policy, or raise their premium, under a new claims history model...
Bare market for residential
Aug 22 2005 // As construction development in the United States reaches an all time peak, with overall spending up 7.5 percent in 2005 compared to 2004, agents and brokers writing contractor business are having a tough time locating...
Insurance Industry’s Share of Weather-Related Losses Rising, Researcher Says
Aug 22 2005 // The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of these weather-related losses are attributable to small events as distinct from...
Aon: 4 Airline Crashes Result in $180 Million Bill for Insurers
Aug 20 2005 // Aon Corp. reported on Friday that the four airline crashes that have hit Canada, Italy, Venezuela and Greece this month, have resulted in August being the worst month for airline losses in more than three years. According...
S&P Comments on Korean Insurance Industry Transparency Plan
Aug 18 2005 // Standard & Poor’s Ratings Services has given a definite maybe to a newly unveiled reform plan for Korea’s insurers. The rating agency called the plan “a good start towards enhancing the...
Illinois Supreme Court Reverses $1.06 Billion State Farm Auto Repair Parts Case
Aug 18 2005 // Today, the Illinois Supreme Court reversed a prior state court’s $1.06 billion judgment in a class action against State Farm Insurance over the use of so-called aftermarket auto parts for repairs. The high court...
TDI Notes July Enforcement Actions Taken by Geeslin
Aug 18 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include seven license revocations, one license denials and fines and restitution...
Ill. Insurer Allegedly Defrauded Carnival Operators
Aug 17 2005 // Insurance regulators in Kentucky and Nebraska are investigating an Illinois-based insurance company for allegedly defrauding amusement industry operators in Kentucky and Nebraska. Richard A. Brooks & Associates Ltd.,...
Kansas Insurers Oppose Drivers’ License Renewals at AAA Offices
Aug 17 2005 // Kansas members of the National Association of Mutual Insurance Companies (NAMIC) are mobilizing opposition to a state program permitting drivers’ license renewals at local AAA offices. The Kansas Department of...
AIR Unveils Update of CATStation
Aug 17 2005 // AIR Worldwide Corporation (AIR) announced the latest release of CATStation, its web-based catastrophe risk management system. CATStation now reportedly provides insurers the ability to better manage accumulations of risk...
Credit-based Insurance Scoring in Renewal Policy Underwriting Essential for Accuracy
Aug 17 2005 // The National Association of Mutual Insurance Companies will testify at an Alaska Division of Insurance hearing that, “at renewal, insurance carriers need the flexibility to engage in a total circumstances analysis of...
Research and Markets Notes Competitor Profiles of Top UK Commercial General Insurers
Aug 16 2005 // Research and Markets(http://www.researchandmarkets.com/reports/c22564) has announced the addition of Competitor Profiles of the Top UK Commercial General Insurers to their offering This report will profile in depth the top...
N.J. Gubernatorial Hopeful Hit Over Out-of-State Insurer, Campaign Gifts
Aug 15 2005 // A public interest lawyer has charged Republican Douglas Forrester with intentionally skirting New Jersey law by licensing an insurance company out-of-state and using the shell operation to illegally funnel millions in...
Weiss Ratings: P/C Insurers Earn $41.3 Billion in 2004
Aug 15 2005 // Apparently unfazed by last year’s devastating hurricane season, the nation’s property and casualty insurers reported profits of $41.3 billion in 2004, representing a 28 percent increase over the $32.3 billion...
Insurer Says It’s Not Liable in Limp Bizkit Concert Death
Aug 15 2005 // An insurance company that issued a policy for rock band Limp Bizkit is asking a Los Angeles Superior Court judge to rule it has no liability for any damages awarded as the result of a teenage fan’s death at a 2001...
Kansas, Missouri Insurers Grew Profits in 2004
Aug 15 2005 // Forty-four property and casualty insurance companies based in Missouri reported total earnings of $224 million in 2004, compared with a loss of $423.5 million in 2003, according to Weiss Ratings Inc. In Kansas, 22 property...
Citing Anti-Fraud Success, Mass. Auto Insurers Seek Small Rate Cut
Aug 12 2005 // Citing a drop in claims, the Automobile Insurers Bureau of Massachusetts filed its proposal for 2006 personal auto insurance rates with the Commissioner of Insurance Julianne Bowler on behalf of insurance companies. The...
