Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Nationwide’s Allied Insurance Looking for Agents in Eastern States
Jun 22 2005 // The independent agency arm of giant Nationwide Insurance is expanding its reach and looking for agents in the East and South. Allied Insurance, which currently has more than 4,500 independent agency locations in the West...
Conning: ‘Right States’ Approach Works for P/C Insurers
Jun 21 2005 // Statistics offer justification of the “Right States” approach utilized by property casualty insurers – to a point, according to a new study by Conning Research and Consulting Inc. “Our analysis of...
CAS Attendees Hear of Positive Trends from California Workers’ Comp Reforms
Jun 21 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society (CAS)...
NEVADA LEGISLATURE WRAPS UP SESSION:
Jun 20 2005 // The Nevada Legislature wrapped up its session recently, passing a number of insurance-related bills. Bills signed into law include: AB 137, signed into law on June 6, requires an insurance company to give a claimant a...
Cold War Erupts in Mass. Over Governor’s Auto Insurance Reforms
Jun 20 2005 // A Cold War has erupted in Massachusetts over of all things, the state’s auto insurance system. Republican Gov. Mitt Romney started it. In unveiling a deregulation package he hopes will attract national carriers and...
News Briefs
Jun 20 2005 // MASSACHUSETTS CAR NAMES COMMERCIAL CARRIERS: Commonwealth Auto Reinsurers has advanced its new commercial auto limited servicing carrier program by selecting the six carriers that will service this residual market business...
For Mutuals, SOX Rules Don’t Fit
Jun 20 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
Appraisal is Often Best Remedy for Claim Disputes
Jun 20 2005 // As someone who makes his living by representing people who sue each other, it may sound odd for me to say, but it’s true-a lawsuit is not the answer to every dispute. A case in point is a typical dispute over the...
What is Finite Risk Reinsurance? A Definitive Explanation
Jun 20 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope which creates the need to re-examine this reinsurance product, but more importantly determine its role in...
News Briefs
Jun 20 2005 // INDIANA Commissioner Withdraws Controversial ‘Sole-Use’ Bulletin Indiana Insurance Commissioner Jim Atterholt has withdrawn a bulletin that interpreted the “sole-use” provision of the state’s...
North Dakota Sets Example on Loss-History Databases
Jun 20 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...
