Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Auto-No-fault
Jun 6 2005 // Auto-Owners Insurance Co. vs. Great West Casualty (Minnesota Court of Appeals, May 10, 2005) -Ruling: Injury resulted from “maintenance or use” of vehicle. Auto-Owners commenced a declaratory judgment action,...
Think Moderation on Loss History Reports Regulation
Jun 6 2005 // Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most...
Ocasek Describes Stamping Office Operations at AAMGA University
Jun 6 2005 // Illinois’ surplus line association chief offered a history and overview of the group’s activities in a presentation to the 9th annual meeting of the American Association of Managing General Agents in Orlando,...
News Briefs
Jun 6 2005 // ILLINOIS Gallagher Reaches Agreement With AG, DOI on Contingent Commissions: Arthur J. Gallagher & Co. recently reached a comprehensive agreement with Illinois’ attorney general and insurance director to resolve...
News Briefs
Jun 6 2005 // ILLINOIS Gallagher Reaches Agreement With AG, DOI on Contingent Commissions: Arthur J. Gallagher & Co. recently reached a comprehensive agreement with Illinois’ attorney general and insurance director to resolve...
By Dave Kaiser
Jun 6 2005 // Associations Warn Agencies: The insurance industry’s response to the 2005 hurricane season has been noteworthy, with many professional associations emphasizing hurricane preparedness, urging members to have...
News Briefs
Jun 6 2005 // FLORIDA Fla. CFO: “Prepare Now for Hurricanes” After an un-precedented hurricane season last year and experts predicting the formation of more than 13 named Atlantic storms this season, Florida’s Chief...
Excess Capital: Too Much of a Good Thing?
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
Arizona Homeowners Sue Insurers Over Wildfire
Jun 6 2005 // Homeowners from a vacation mountaintop community northeast of Tucson began filing lawsuits accusing their insurance companies of failing to provide enough coverage on homes destroyed in a June 2003 wildfire. Seventy...
Arizona Homeowners Sue Insurers Over Wildfire
Jun 6 2005 // Homeowners from a vacation mountaintop community northeast of Tucson began filing lawsuits accusing their insurance companies of failing to provide enough coverage on homes destroyed in a June 2003 wildfire. Seventy...
News Briefs
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
News Briefs
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
Excess Capital: Too Much of a Good Thing?
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
For Boat Owners and the Agents Who Write Them, Location and Experience Matter
Jun 6 2005 // There were more than 17.6 million recreational boats in use in the United States in 2004, and an estimated 69 million people involved in boating activities, according to the National Marine Manufacturers Association. Since...
Enhanced Online Policy Access
Jun 6 2005 // The Drive Group of Progressive Insurance Companies expanded its partnership with Strategic Insurance Software to implement a real-time interface, using ACORD XML standards, that provides independent agents and brokers...
For Agents Facing Evil Internet Wizards, Security is a Matter of Liability as Well as Downtime
Jun 6 2005 // Viruses, Worms and Hackers, Oh My! In 2001, Boston-area independent agent Peter Anderson noticed that his agency’s network server was dramatically losing hard disk space. The last time he’d checked it, there...
The British Are Coming! No – They’re Already Here
Jun 6 2005 // Over 200 years ago Paul Revere rallied the Minutemen with the cry: “The British are coming!” He’d be somewhat surprised to learn of today’s more benign invasion by a number of British insurance...
Insurers Move to Block N.Y.-N.J. Port Authority $2.1B Claim From 9-11
Jun 3 2005 // Responding to a new claim by the Port Authority of New York and New Jersey that it is separately insured for a $2.1 billion “shortfall” in Silverstein property insurance following the Sept. 11, 2001 terrorist...
S&P Lowers Ratings of Austrian Insurer UV to ‘A-‘; Outlook Stable
Jun 2 2005 // Standard & Poor’s Ratings Services announced that it has lowered to “A-” from “A” its counterparty credit and insurer financial strength ratings on UNIQA Versicherungen AG (UV) as well as...
Some Insurers Decreasing Homeowners Rates in Texas
Jun 2 2005 // One in six Texas homeowners could see reduced insurance rates this year, the Associated Press and Houston Chronicle reported. Several small insurance companies have filed their rate changes for 2005 indicating rate...
