Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ill. AG Tracks Down ‘Storm Chaser’ Roofing Company
Jun 17 2005 // Illinois Attorney General Lisa Madigan has filed suit against a Cook County roofing company that last year allegedly swept into neighborhoods damaged by recent storms and accepted nearly $49,000 in deposits and total...
TDI Seeks Public Input on Claims-based Premium Changes by Insurers
Jun 16 2005 // The Texas Department of Insurance announced it is seeking public commentary on Article 5.43 and Section 551.107, as amended by the 79th Texas Legislature, regarding claims-based premium increases and decreases. TDI said...
Agent Leader Rusbuldt Speaks Out Against Hodgepodge of Disclosure Rules by Insurers
Jun 16 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...
Insurers, Military at Odds over Workers’ Comp Program for Civilian Contractors
Jun 15 2005 // Several media outlets reported this week that the Defense Department is looking to revamp a controversial $5.5 billion workers’ compensation insurance program for its civilian contractors overseas after reportedly...
ACIC Opposes Small Claims Court Legislation
Jun 14 2005 // The Association of California Insurance Companies (ACIC) is opposing Small Claims Court legislation that would hurt consumers by reducing the ability of insurers to represent their policyholders in court. Jeff Fuller,...
National Flood Insurance Program Recognizes Southern Family Insurance’s Contributions
Jun 14 2005 // Tampa, Fla.-based Southern Family Insurance Company, a member of Poe Financial Group, was recognized by the National Flood Insurance Program during its recent annual conference in Marco Island, Fla. Southern Family...
PCI Reports Mixed Emotions on Key Mass. Bills
Jun 14 2005 // The Property Casualty Insurers Association of America (PCI) expressed mixed emotions Tuesday concerning numerous insurance-related bills that were introduced in the Massachusetts Legislature’s Financial Services...
Unum, HRH Boston Affiliate Settle for $1.3M Over Contingent Fees
Jun 14 2005 // A major life insurance company and insurance consulting firm will pay $1.3 million to resolve allegations that the insurer brokered a lucrative deal involving hundreds of thousands of dollars in undisclosed commissions in...
Insurers Claim N.J. Supreme Court Ruling is Setback for Auto Market
Jun 14 2005 // Insurance companies are blasting a decision by the New Jersey Supreme Court that they say undermines ongoing efforts to revive the private auto insurance market in the state and jeopardizes cost savings promised to...
States Say Joint Bank-Insurer Regulatory Efforts Paying Dividends
Jun 13 2005 // Joint efforts of insurance and banking regulators over the past several years have provided the foundation for effective communication and coordination between the state insurance departments and the Federal Reserve...
Australian Insurers Back Mandatory Smoke Detectors
Jun 13 2005 // A proposal by the government of New South Wales that would make the installation of smoke detection devices in homes mandatory has received the backing of the Australian insurance industry According to a report in The...
States Close In on Finite Reinsurance Disclosure; N.Y. Agrees to Adopt Model
Jun 13 2005 // State insurance regulators moved closer to final adoption of a model finite reinsurance disclosure regulation at the summer meeting of the National Association of Insurance Commissioners in Boston this weekend. As they...
Investigation of Alleged Overbilling Lands Calif. Chiropractor, Legal Assistant Behind Bars
Jun 13 2005 // An Encino chiropractor and her legal assistant have been arrested and charged with two counts each of insurance fraud following an investigation by the California Department of Insurance (CDI) Fraud Division. Chiropractor...
N.H. Lawmakers Approve Gov. Lynch’s Small Group Insurance Reforms
Jun 10 2005 // Health insurance rates for small businesses in New Hampshire will undergo another sea change after the House voted to support the governor’s reform plan. The reform is expected to help businesses with older or sicker...
Nev. Legislature Wraps Up Session
Jun 9 2005 // The Nevada Legislature wrapped up its session this week, passing a number of insurance-related bills, but failed to take an opportunity to enact proposals that would have modernized Nevada’s regulation of insurance...
FEMA, Insurers, Adjusters Charged in Md. Lawsuit by Isabel Flood Victims
Jun 9 2005 // More than 140 victims of the 2003 tropical storm Isabel are suing Homeland Security Undersecretary Michael Brown, David Maurstad, who runs the National Flood Insurance Program, 17 insurance companies and others charging...
Wharton Study Finds Agents, Brokers Play Critical Role in Buying Process
Jun 8 2005 // Profit-based contingent commissions align the interests of independent agents and brokers and the insurer so that correct pricing of policies is achieved, thereby alleviating adverse selection, reports a new study by two...
Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? From the 1980s until recently, insurance giant American International Group and its top executives “routinely engaged in...
INSURER GETS CLAIM FOR 20 HEIFERS:
Jun 6 2005 // Vermont State Police are investigating the theft of about 20 heifers from the Chaput Family Farm in North Troy between February and earlier this month. Farm owner Reg Chaput said he suspected theft in February, but...
AUTO INSURANCE SAVINGS TALLIED:
Jun 6 2005 // New Jersey Banking and Insurance Acting Commissioner Donald Bryan recently reported that during the last two years 64 percent of auto insurance policyholders have received rate reductions or special dividends. Since the...
