Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Error Resulted in Inaccurate Citizens Rate-Hike Reports
Jan 14 2005 // Although information filed by Citizens Property Insurance Corp. with Florida regulators to request rate increases was correct, information provided to the public and media was incorrect, according to Justin Glover,...
Survey: Investigations into Industry Practices to Expand in 2005; Respondents Expect Consolidation to Continue
Jan 14 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...
Rules Banning Credit Scoring Sent to Mich. State Panel
Jan 14 2005 // Insurance payers in Michigan soon may be paying less. Gov. Jennifer Granholm and Office of Financial and Insurance Services Commissioner Linda A. Watters said last Wednesday they sent a legislative panel a set of proposed...
Lloyd’s Chairman Warns Insurers 2005 Will Be Critical For Rebuilding Industry’s Reputation
Jan 13 2005 // A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord...
WCIRB Report on Insurer Experience Released
Jan 13 2005 // The Workers’ Compensation Insurance Rating Bureau of California has released its report insurance experience through Sept. 30, 2004. Highlights of the report include: California written premium (gross of deductible...
New Md. Medical Liability Law, Upcoming Issues Reportedly Concerning Insurers
Jan 13 2005 // Although disappointed that the Maryland General Assembly chose to override Gov. Robert Ehrlich’s veto of a controversial medical liability reform bill, insurers are reportedly equally concerned about other challenges...
S.C. Supreme Court Upholds Insurers Use Of UIM Selection Form
Jan 13 2005 // The South Carolina Supreme Court on Jan. 11 issued its decision in the case of Progressive Casualty Ins. V. Leachman, holding that Progressive’s UIM selection form constituted a “meaningful offer,” and...
Calif. City Sues Attorney for Failure to Have Insurers Clean-up Town’s Pollution
Jan 12 2005 // The city of Lodi, California, announced it’s suing the attorney responsible for a plan to clean up the town’s soil and water which instead left residents with millions in legal fees and groundwater that is...
Mass. AG Probes Municipal Health Insurance Buying
Jan 11 2005 // The Massachusetts attorney general is expanding his probe into the commissions that insurers pay insurance brokers who promote their products to include contracts with cities and towns. The investigation by Attorney...
Groups Repeat Call for Conn. Department to Revisit Insurer’s 90% Med-Mal Rate Hike
Jan 11 2005 // Teaming up to challenge the near doubling of medical malpractice insurance premiums by GE Medical Protective, Connecticut Attorney General Richard Blumenthal, the Connecticut State Medical Society and the Connecticut Trial...
Insurers Committed to Real Asbestos Reform
Jan 11 2005 // Insurers remain deeply committed to enactment of meaningful national asbestos litigation reform legislation that provides fairness and certainty to all stakeholders, said a representative of the American Insurance...
Agents, Insurers Claim Proposed Asbestos Legislation Falls Short of Solving the Problem
Jan 11 2005 // The Independent Insurance Agents & Brokers of America applauded Senate Judiciary Committee Chairman Arlen Specter (R-Pa.) for moving quickly to hold hearings on proposed asbestos legislation, but says the association...
Weiss: Insurance Company Failures Decline 48% in 2004
Jan 10 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...
Insurers Pleased Bush Will Target Asbestos Litigation Reform in Second Term
Jan 10 2005 // Property Casualty Insurers Association of America (PCI) senior vice president, government affairs, Carl Parks, released the following statement on comments made by President Bush on asbestos litigation reform last...
New Delaware Insurance Commissioner Denn Supports Bill to Ban Use of Credit Scoring by Insurers
Jan 10 2005 // Wasting little time acting on one of his campaign promises, new Delaware Insurance Commissioner Matt Denn announced he will support a bill being introduced that seeks to ban the use of credit scores by insurers in personal...
Insurers Urge Veto of Maryland Med-Mal Measure
Jan 7 2005 // Insurance companies, claiming that the measure will have only minimal effect on insurance prices for doctors, are urging Maryland Gov. Robert Ehrlich (R) to veto a reform bill passed last week by lawmakers. The American...
S.C. Insurer Provides Overseas Medical, Travel Services; Matches Employee Red Cross Contributions
Jan 6 2005 // Additional emergency medical and travel services have been offered by BlueCross BlueShield of Columbia, S.C. and Companion HealthCare members holding the company’s international BlueCard® coverage. These extra...
Maine Auto Coverage Cancellation Law in Effect
Jan 5 2005 // Maine Secretary of State Dan A. Gwadosky is encouraging all Maine motorists and insurance professionals to familiarize themselves with the state’s new law requiring insurers to report cancellation of mandatory...
Despite Residual Market Changes in Mass., Commerce Insurance to Offer 5% AAA Group Discount
Jan 5 2005 // Despite new rules restricting its ability to reinsure individual high risk members of groups in the residual market, Commerce Insurance Company plans to again file with the Massachusetts Division of Insurance a five...
Thirteen Fla. Insurers Request 11 to 60 Percent Policy Rate Hikes
Jan 5 2005 // Thirteen Florida insurance companies have requested 11 to 60 percent premium rate increases from the Florida Office of Insurance Regulation (OIR). Regulators will be reviewing the requests this month and will either...
