Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
News Briefs
Jul 18 2005 // ILLINOIS Segal Sentencing Delayed Indefinitely for Psychiatric Evaluation Former Chicago insurance broker Michael Segal’s sentencing for a federal conviction on 19 counts of fraud and racketeering related to nearly...
News Briefs
Jul 18 2005 // Arkansas P/C Claims Reports Hearing Scheduled The Arkansas Insurance Department will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and...
By George Rothert
Jul 18 2005 // Working With Your E&S Wholesaler: 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...
An Insurer’s Right to Reimbursement: Frank’s Casing
Jul 18 2005 // Insurers have long sought the right of reimbursement in Texas and, in the right circumstances, the court’s opinion will provide a valuable tool. The most significant Texas insurance case this year is the Texas...
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 more...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the current federal backstop, the Terrorism Risk Insurance Act, which expires...
A Rare California Policy Success Trying 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....
Insurer Resists Payment in Mont. Aviation Crash
Jul 18 2005 // The sole survivor of a 2004 plane crash that killed three men is demanding the aircraft’s insurer cover more than $46,000 in unpaid medical bills, but the insurance company is resisting. AIG Aviation Inc., the...
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...
