Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Keeping Retention Rates High in a Softening Market
May 23 2005 // The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success and profitability than those who consistently lose...
AGENTS MAKE CASE AGAINST TAX HIKE ON INSURERS
May 23 2005 // The Michigan Association of Insurance Agents said that Gov. Jennifer Granholm’s plan to revise the state’s Single Business Tax will penalize small businesses, diminish employment opportunities and raise...
PCI SAYS INSURERS SURVIVE COLORADO LEGISLATIVE SESSION:
May 23 2005 // At the conclusion of Colorado’s recent legislative session, PCI said that the insurance industry successfully worked to preserve Colorado’s stable marketplace. Colorado’s insurance scoring law, which is...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
INSURERS SEEK AMENDMENT TO NEV. ‘BLACK BOX’ BILL:
May 23 2005 // The Property Casualty Insurers Association of America said it is seeking an amendment to pending Nevada legislation that would provide insurance companies with post-accident access to information contained in “black...
Fla. OKs Funds to Fight PIP Fraud
May 23 2005 // Florida’s Chief Financial Officer Tom Gallagher thanked legislators for approving his request for funding to add more law enforcement investigators to fight PIP fraud and workers’ compensation fraud, and a...
Oklahoma’s Holland Sets High Standards for Insurance Department
May 23 2005 // Commissioner views agency as a resource for industry and consumers. Oklahoma Insurance Commissioner Kim Holland has been at her current job less than six months, but new to the insurance industry she’s not. A former...
AUTHOR PULLS BILL MANDATING CALIF. INSURER COMMUNITY INVESTMENTS:
May 23 2005 // The author of a California bill that would mandate insurer community development investments withdrew the bill from consideration for this legislative session. Assemblyman Mark Ridley-Thomas will not pursue AB 925 relating...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
Keeping Retention Rates High in a Softening Market
May 23 2005 // The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success and profitability than those who consistently lose...
Excess Capital: Too Much of a Good Thing?
May 23 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....
Gov. Bush Pledges to Sign SB1486; Insurers Uneasy About Its Provisions
May 23 2005 // Florida Gov. Jeb Bush pledged during the May 11 opening of the annual Governor’s Hurricane Conference at the Tampa Convention Center to sign and approve Senate Bill 1486, controversial legislation that consumer...
My Brother’s Keeper-Duties and Liabilities of Agents and Brokers
May 23 2005 // Insurance plays an important role in today’s society in protecting individuals and businesses from different risks. A wide variety of policies and products have been developed to cover common, and not so common,...
News Briefs
May 23 2005 // Louisiana Producer Arrested, Issued C&D A Caddo Parish, La., insurance producer was arrested and issued a cease and desist order for allegedly misappropriating insurance funds, according to the Louisiana Depart-ment...
News Briefs
May 23 2005 // JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE: A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated...
News Briefs
May 23 2005 // MICHIGAN Commissioner Appeals Credit Scoring Decision The state of Michigan has filed an appeal of a judge’s ruling that allowed insurance companies to continue using customers’ credit scores to determine their...
Med-Mal in Washington – When Carriers and the Regulatory Body Cooperate
May 23 2005 // The medical malpractice market in Washington state has improved immensely in recent times, but the debate about tort reform is just getting started. Competing initiatives will be in front of voters this fall with the trial...
Insurers Dispute Study of Ill. Courthouse Med-Mal Data
May 22 2005 // Court statistics were improperly used in a study released last week that concluded the Illinois tort system is not the cause of medical malpractice premium increases, according to the American Insurance...
S&P Places Russian Insurer on CreditWatch/Negative
May 20 2005 // Standard & Poor’s Ratings Services announced that it has placed its “B-” long-term counterparty credit and insurer financial strength ratings and its “ruBBB-” Russia national scale rating...
Insurers Lose in Stringfellow Acid Pits Jury Trial
May 18 2005 // Insurance companies must pay to clean up a hazardous waste dump, the Stringfellow Acid Pits. A Riverside County, California jury on May 16, 2005 found in favor of the State of California and against CNA, Wausau, Yosemite,...
