Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Groups Ask Ill. Supreme Court to Adopt Rule Restricting Class Actions
Jan 25 2005 // A national insurance trade association is requesting that the Illinois Supreme Court enact a rule that would set standards for class-action lawsuit certifications that are in line with federal requirements and those in...
Insuring the Young and the Carless
Jan 24 2005 // VW Seeks a Sales Charge Out of No-Charge Insurance to Car Buyers Volkswagen of America, looking for ways to attract younger buyers, is going beyond sporty designs, cash rebates and zero percent financing incentives to...
Survey: Investigations into Industry Practices to Expand in 2005
Jan 24 2005 // Leaders of the property/casualty insurance industry expect the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey...
CARRIER FAILURES DECLINED 48% LAST YEAR
Jan 24 2005 // With the economy continuing to strengthen, the number of insurance companies that failed in 2004 declined 48 percent to 13, compared to 25 insurer insolvencies in 2003, according to Weiss Ratings Inc., an independent...
Best Affirms National Indemnity ‘A++’ Rating
Jan 24 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A++” (Superior) of National Indemnity Group. The rating also applies to National Indemnity Company and its eight affiliated...
Back to the Basics
Jan 24 2005 // E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From...
N.Y. RANKS AUTO INSURERS ON COMPLAINTS:
Jan 24 2005 // With only one upheld complaint, Amica Mutual Insurance Co. of Rhode Island, a perennial top 10 finisher, ranked the best among 49 auto insurers or groups ranked by the New York State Insurance Department in its most recent...
Insurer Votes Not to Renew N.H. Woman’s Umbrella Over Political Activity
Jan 24 2005 // Helen Johnston is an 80-year-old retired pediatrician who hardly considers herself much of a risk for being sued. That’s not how her insurance company sees it, however. Johnston is losing extra coverage she bought...
VW Seeks a Sales Charge Out of No-Charge Insurance to Car Buyers
Jan 24 2005 // VW Seeks a Sales Charge Out of No-Charge Insurance to Car Buyers Volkswagen of America, looking for ways to attract younger buyers, is going beyond sporty designs, cash rebates and zero percent financing incentives to...
Iowa Insurers Caught Like Deer in Headlights by Levy Request
Jan 24 2005 // DES MOINES, Iowa–A group of Iowa politicians wants the insurance industry to impose a levy on automobile policies to help fund a program to thin deer populations and decrease accidents they cause. Sen. Dennis Black...
Rules Banning Credit Scoring Go to Mich. Panel for Approval
Jan 24 2005 // LANSING, Mich.–Michigan Gov. Jennifer Granholm and Office of Financial and Insurance Services Commissioner Linda A. Watters have sent a legislative panel a set of proposed rules to reduce base insurance rates and...
A Brief History of Contingent Commission Agreements
Jan 24 2005 // Contingent commissions first appeared in the 1960s when claims were rising much faster than the rate of inflation and insurance companies cut agent commissions on premiums. To make up for this loss of revenue, carriers...
S.C. INSURER ADDS EMERGENCY SERVICES:
Jan 24 2005 // Additional emergency medical and travel services have been offered by BlueCross BlueShield of Columbia, S.C., and Companion HealthCare to members with the company’s international BlueCard® coverage. These extra...
New U.K. Database Tackles Auto Insurance Fraud
Jan 21 2005 // Where there are cars there are accidents, and where there are accidents there are insurance claims, which unfortunately are too often phony. The U.K. has announced a new measure to try and combat this kind of fraud, which...
Insurers Regulator’s Broker Dealer Model Laudable But Still Too Broad
Jan 20 2005 // National Association of Insurance Commissioners efforts to address concerns surrounding broker compensation continue to be over-broad, going beyond the single problem that has been defined, according to comments filed...
Del. to Require New Disclosures by Home Insurers
Jan 20 2005 // Delaware Insurance Commissioner Matthew Denn planned to reveal a new regulation today that will require insurance companies to provide prominent annual disclosures to each homeowner’s policyholder of where there...
Only 2 Mass. Insurers Offering Good Driver Discounts
Jan 19 2005 // The number of insurers in Massachusetts looking to grant discounts to the best drivers has gone down to 2 from just 3. Of the state’s 20 private passenger auto insurers only Amica Insurance and Electric Insurance,...
Poe Financial Group Takes Over 4,500 Citizens Policies
Jan 18 2005 // Poe Financial Group member company, Atlantic Preferred Insurance Company, announced that it has received regulatory approval to assume 4,500 property and casualty policies from Citizens Property Insurance Corporation under...
First Acceptance Corp. Clarifies Confusion With Iowa-Based Insurer That Filed Chapter 11
Jan 18 2005 // First Acceptance Corp., whose insurance subsidiaries provide nonstandard private passenger automobile insurance and operate in many states under the trade name “Acceptance Insurance,” said “it is not...
Iowa Insurers Caught Like Deer in Headlights
Jan 16 2005 // DES MOINES, Iowa — A group of Iowa politicians wants the insurance industry to impose a levy on automobile policies to help fund a program to thin deer populations and decrease accidents they cause. Sen. Dennis Black...
