Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
Working With E&S Wholesalers: 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”...
Insurers Balk about Added Burden as N.J. Gov. Codey Signs Bill Restoring Consumer Advocate Office for 2006
Jul 18 2005 // New Jersey has brought back to life the state’s consumer advocate office that was killed more than 10 years ago. New Jersey Acting Gov. Richard J. Codey recently signed into law a bill that restores the Department of...
BIG CHANGES FOR SMALL GROUP MARKET:
Jul 18 2005 // Gov. John Lynch signed into law a bill that promises to dramatically change the way health insurance companies set rates for small businesses in New Hampshire. The law takes effect Jan. 1, 2006. Under it, insurers can no...
New SOX Rules Don’t Fit Mutual Insurers for Size
Jul 18 2005 // It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between public and mutual insurers. That’s why we oppose the National Association of Insurance...
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,...
Bill Would Leave Insurers With $500 Million Fox River Cleanup Tab
Jul 18 2005 // A bill that would force insurers to pick up the estimated $500 million tab to clean up the polluted Fox River has been passed by the Wisconsin Assembly on a 49-44 vote. The bill now heads to the Senate, but will not be...
Case Law Watch
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...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Bush Administration Policy Questions Need for Renewal of Federal Backstop Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the...
The London Bombings: We Won’t Be ‘Terrorized by Terror,’ Says Blair
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 Lon-don killed at least 49...
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 52 people,...
An Insurer’s Right to Reimbursement: Frank’s Casing
Jul 18 2005 // The most significant Texas insurance case this year is the Texas Supreme Court’s recent opinion in Excess Underwriters at Lloyds, et al v. Frank’s Casing Crew & Rental Tools, Inc., No. 02-0730 (Tex., May...
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”...
Insurers Advise Texas Gulf Residents to Prep for Hurricanes as Season Unfolds
Jul 15 2005 // Residents along the Gulf Coast of Texas can learn a lot from the experiences of those people in Florida who were victims of multiple hurricanes last year, according Sandra Ray, public affairs director of Southwestern...
Beazley’s New U.S. Insurance Company Earns Best’s Rating of A-
Jul 14 2005 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Beazley Insurance Company, Inc. (BICI) (Omaha, NE), a newly formed U.S. insurer that is part of...
Citizens/Hanover Touts Multi-Variate ‘Connections Auto’ as Winner
Jul 14 2005 // The Citizens and Hanover Insurance Companies’ new Connections Auto, a state-of the-art, multi- variate auto product with greater customer segmentation capabilities, is off to a strong start in its initial launch...
ISO: U.S. P/C Industry’s First Net Gain on Underwriting Since ’78 Moves Surplus to Record High
Jul 14 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
Insurers Balk as N.J. Gov. Codey Signs Bill Restoring Consumer Advocate
Jul 12 2005 // New Jersey Acting Governor Richard J. Codey today signed into law a bill that restores the Department of the Public Advocate as a government watchdog to act on citizen complaints on insurance, utilities and other issues....
Hurricane Dennis’s Bark Was Worse Than Its Bite; Carriers, Associations Evaluating Damages
Jul 12 2005 // As Hurricane Dennis approached Key West, Fla., large insurance carriers, expecting and preparing for the worst, alerted hundreds of adjusters to proceed to Florida and Alabama, and put hundreds of other employees on...
Fitch Reports Hurricane Dennis Could Have Implications for Fla. Market
Jul 12 2005 // Chicago-based Fitch Ratings states that Hurricane Dennis is expected to represent a material loss to the insurance industry. Dennis came ashore on Sunday, July 10, at 3:25 p.m., on Santa Rosa Island, Fla., as a Category 3...
