Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...
Insurers Holding the Price Line–For Now
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting...
IIABA Leader Fears Hodgepodge of Fee Disclosure Rules by Insurers
Jul 4 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...
Treasury Report on Terrorism Insurance: Exec Summary
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
Best Affirms Ratings of Northbridge Affiliates; Revises Outlook to Positive
Jun 29 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and has assigned issuer credit ratings (ICR) of “a-” to the companies comprising Canada’s...
Wis. Assembly Passes Bill to Pin Insurers With $500 Million Fox River Cleanup Tab
Jun 29 2005 // A coalition of carriers that insured Wisconsin’s paper manufacturers thought they had successfully defeated a legislative effort to force them to pick up the estimated $500 million tab to clean up the polluted Fox...
AIA: Insurers Lowering Rates, Price Controls Damage California Workers’ Comp System
Jun 29 2005 // California’s workers’ compensation insurers have been filing historic rate decreases with the Department of Insurance, demonstrating that the 2003-2004 reforms are working, according to the American Insurance...
N.J. House Proposing Business Tax for Insurers; PCI Expresses Concerns
Jun 29 2005 // The Property Casualty Insurers Association of America (PCI) said Wednesday it is concerned with the New Jersey Assembly’s consideration of A-4401, legislation to impose a possible corporate business tax on insurers...
A.M. Best Assigns FSR to Markel Corp; Outlook Stable
Jun 29 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and has assigned issuer credit ratings (ICR) of “a” to the Markel North America Insurance Group (Markel) and its...
Strategy Retained as Exclusive Insurer by VGV for Affinity Program
Jun 28 2005 // Strategy International Insurance Group, Inc. announced from its Toronto office that it has been named by Value Guaranteed Vacations Inc. (VGV Inc.) as the exclusive insurer for its affinity program, the VGV(TM)...
PIA Defends State Regulation, Opposes Federal Charter, Objects to Disclosure
Jun 28 2005 // The National Association of Professional Insurance Agents steadfastly supports state regulation of insurance, strongly opposes an optional federal charter and has cautioned carriers against adopting company-specific...
Ark. to Hold Hearing on P/C Insurer Claims Reports
Jun 28 2005 // The Arkansas Insurance Department announced it will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and Regulation 61, “Insurer Reports...
Best Study: Agents, Insurers Raid Competition for New Employees
Jun 28 2005 // When insurance companies and agencies go looking for new producers, they rely mostly on referrals and word-of-mouth recommendations, and they say the best places to look for those new recruits are other insurers and...
N.Y. Trial Bar, Auto Insurers Agree on Court Changes to Expedite Claims
Jun 27 2005 // With encouragement from insurers led by Progressive Insurance Co. and the state’s trial lawyers, New York lawmakers last week passed a bill that should both cut down on questionable small claims lawsuits and speed up...
Brown & Brown Moves Lawyer’s PL Program to Greenwich
Jun 27 2005 // Brown & Brown Inc. today announced that Greenwich Insurance Company, XL Capital Ltd’s US- based primary insurer (Greenwich), will become the new carrier for the Lawyer’s Protector Plan (LPP) insurance...
Ore. Archdiocese Turns Over Records on Priests
Jun 24 2005 // The Roman Catholic Archdiocese of Portland has turned over 97 boxes of records on priests accused of molesting children after promising last November to provide the documents to insurance companies seeking to reduce...
S&P Reports on European Insurers
Jun 24 2005 // Standard & Poor’s Ratings Services has published its quarterly report covering the leading European insurers – Industry Report Card: European Insurance. The study concludes: “The current picture for...
Conn. Gov. Rell Likely to Sign Med-Mal Bill Despite Insurers’ Concerns
Jun 23 2005 // Insurers are urging Connecticut Gov. Jodi M. Rell to veto a medical malpractice reform measure that is sitting on her desk but Rell’s office has indicated she will likely sign the measure within the next few...
Best Affirms ING Canada Ratings, Including Acquired Allianz Operations
Jun 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had...
