Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Groups Praise Texas Senate Passage of Asbestos Reform Legislation
Apr 29 2005 // Both the American Insurance Association and the Property Casualty Insurers Association of America recently issued statements lauding the Texas Senate for passing comprehensive asbestos and silica litigation reform...
Key Issues Remain Unsolved As Fla. Passes HB 1937
Apr 29 2005 // House Bill 1937 passed with a vote of 96-20 on Thursday, despite opposition about exemptions on paying policy limits. One of the key issues still under consideration is a legislative remedy for a 2004 Florida court...
ISO: Insurers to Pay Policyholders $2.1 Billion for Q1 Catastrophe Losses
Apr 29 2005 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.1 billion for insured property-loss claims from eight catastrophes in the first quarter, according to preliminary estimates by...
Turning Politics into Green for Favored ‘Blue’ Insurers
Apr 28 2005 // A San Francisco-based nonprofit group that wants more consumers to support businesses that back liberal and “blue” state politics has added Progressive Insurance Co. to its preferred providers list. The group,...
Credit Scoring, Med-Mal Insurance Dominate Busy Mont. Legislative Session
Apr 28 2005 // New Democratic control of the Montana executive and legislative branches proved challenging for insurers who faced uphill lobbying efforts on several fronts in 2005, according to the American Insurance Association...
California Panel To Consider Anti-Consumer Insurance Bills
Apr 27 2005 // The Senate Banking, Finance and Insurance Committee this week will consider three bills that have one thing in common – provisions that ultimately will hurt consumers if enacted, according to Sam Sorich, president of...
California’s WCIRB Report on Dec. 31, 2004 Insurer Experience Released
Apr 26 2005 // California’s WCIRB has completed its quarterly report summarizing the most current insurer loss and premium experience as of Dec. 31, 2004. Among the highlights of the report are the following: The average statewide...
EQECAT Issues U.S Hurricane Model Challenge
Apr 26 2005 // Richard Clinton, president of Oakland Calif.-based EQECAT, a leading authority on extreme-risk modeling, announced an initiative aimed at comparing its models of the 2004 hurricane events for Florida exposure against the...
U.S. Insurers Back Development of Disclosure Standards by International Association of Insurance Supervisors
Apr 26 2005 // A group of leading U.S. property/casualty and life insurance and reinsurance companies have reportedly endorsed the efforts of the International Association of Insurance Supervisors (IAIS) to develop high quality...
AFC Enterprises Arrives at Agreement on Certain Shareholder Lawsuits with Arthur Andersen
Apr 22 2005 // AFC Enterprises Inc. has reached a joint settlement agreement with plaintiffs in the Section 10(b) securities litigation initially filed on March 25, 2003, the Section 11 securities claim relating to the company’s...
Nev. Commissioner Issues Warning on Unlicensed Insurance Company
Apr 22 2005 // Nevada Insurance Commissioner Alice A. Molasky-Arman is asking consumers to be on the alert about a company called “The Global Healings Society.” The company is offering health, property, auto and surety...
Insurers Voice Opposition to Proposed Mass. Auto Premium Surcharge
Apr 21 2005 // A proposal to surcharge auto insurance policyholders $15 million to pay for police training reportedly unfairly forces responsible motorists in Massachusetts to fund a program that benefits every citizen and business in...
NAMIC Opposes Calif. Commissioner’s Proposed ‘Use it and Lose it’ Regulations
Apr 21 2005 // The National Association of Mutual Insurance Companies (NAMIC) said it opposes California Insurance Commissioner John Garamendi’s proposed “Use it and Lose it” regulations. Garamendi alleged that...
Fla. Legislature Mulls Over Insurance Proposals, Sessions End in Three Weeks
Apr 20 2005 // With three weeks remaining before the end of the 2005 sessions of the Florida Legislature, it appears that only a few insurance-related proposals have made it through the process of elimination. Remaining proposals...
AIA: Reform of Mass. Residual Market Vital
Apr 20 2005 // Reforms of the Massachusetts high risk auto insurance pool will benefit the market and consumers, according to the American Insurance Association (AIA). Last Friday, AIA joined with the Massachusetts Insurance Federation...
ACIC President Responds to California Commissioner’s Homeowners Insurance Proposal
Apr 20 2005 // Calling insurers “dead wrong” for canceling or non-renewing homeowners who file a legitimate insurance claim, California Insurance Commissioner John Garamendi announced new regulations to protect homeowners...
N.J. Doc, Niece Keep Insurance Fraud a Family Matter
Apr 20 2005 // Vaughn McKoy, New Jersey director, Division of Criminal Justice, announced that an Essex County doctor and his niece have been ordered to pay more than $30,000 in restitution and fines after pleading guilty to multiple...
PCI Urges Court to Uphold Mass. High Risk Pool Reforms for Auto Insurance
Apr 19 2005 // The Property Casualty Insurers Association of America (PCI) joined with a group of insurers and insurance trade associations in filing a friend of the court brief on April 15 urging the Massachusetts Superior Court to...
INSURERS APPLAUD DEFEAT OF FAULT BILL:
Apr 18 2005 // The New Hampshire Senate’s decision to kill a trial lawyer-supported bill that would have required well-insured defendants with little liability to pay the lion’s share of legal judgments has been hailed as a...
Turning Politics into Green for Favored ‘Blue’ Insurers
Apr 18 2005 // A San Francisco-based nonprofit group that wants more consumers to support businesses that back liberal and “blue” state politics has added Progressive Insurance Co. to its preferred providers list. The group,...
