Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Australian Regulator Seeks Closer Scrutiny Over Insurers
May 3 2005 // The Australian Prudential Regulation Authority (APRA), which regulates the country’s insurance industry, is proposing tighter reporting requirements in order to enable the regulator to more closely scrutinize the...
Guy Carpenter Publishes Specialty Program Survey
May 3 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has announced the results of its premier survey of domestic insurance companies that write a...
Fla. Cabinet Told: 186 Insurers Still Have 57,830 Claims Open from Storms
May 3 2005 // Kevin McCarty, Florida Office of Insurance Regulation Commissioner reported Tuesday morning to the Florida Cabinet that 186 insurers have reported they still have 57,830 claims open. “Last month, we were still facing...
W. Va. Insurers React to Passed Legislation, Five Companies Decreasing Auto Rates
May 2 2005 // Insurers in West Virginia, reacting to the legislation singed last week that eliminates third-party, bad-faith lawsuits, have begun to take the first steps toward lowering insurance rates. State Farm Insurance Friday...
Sponsor Pulls Bill Mandating California Insurer Community Investments
May 2 2005 // The sponsor of a California bill that would mandate insurer community development investments, withdrew the bill from consideration by this legislative session. Assembly Member Mark Ridley-Thomas, will not pursue AB 925...
Allstate Drives Forward with N.Y. Auto Rate Cuts
May 2 2005 // Acting Superintendent of Insurance Howard Mills announced that Allstate Insurance Company, New York’s largest auto insurer in terms of market share, has agreed to reduce their customers’ premiums, on average,...
PCI: Collaborative Effort Yields Positive Results for Insurers in Washington
Apr 29 2005 // Despite early signs that the 2005 session of the Washington Legislature would impose a series of costly and burdensome measures on the insurance market, the Property Casualty Insurers Association of America (PCI) saw the...
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...
