Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Watters Warns Mich. Docs of Bogus Med-Mal Insurer
Mar 14 2005 // Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters recently issued a warning about a medical liability insurer called Professional Liability Insurance Co. She said in a statement that the...
AIA: Recent Security Breaches Increase Spotlight on Protection of Consumer Information for Insurers
Mar 11 2005 // Recent security breaches at companies that collect, store and sell personal data – such as ChoicePoint, LexisNexis and Bank of America – individually and collectively cast a spotlight on privacy and security...
Insurer Trade Group Announces 2005 Legislative Agenda
Mar 11 2005 // The National Association of Mutual Insurance Companies (NAMIC) has announced its federal affairs agenda for 2005, and topping the list of items include further legal reform, improving state-based insurance regulation, an...
Lloyd’s Chairman Addresses Norway’s Insurers
Mar 10 2005 // Lloyd’s Chairman, Lord Peter Levene, addressing a gathering of the Norwegian insurance industry, reminded his audience of the historic ties between the U.K. and the Scandinavian nation, observing that the two...
Biker’s Choice of Motorcycle Reveals Taste in Body Art, Food and Employment Habits, Insurer Finds
Mar 10 2005 // What can one tell about a person by the kind of motorcycle they ride? Plenty, according to a recent countrywide online survey conducted by The Progressive Group of Insurance Companies, the number one seller of motorcycle...
Fla. CFO Issues Statement on ‘Face-to-face’ Meetings With Insurers
Mar 10 2005 // After receiving consumer complaints during town hall meetings in Pensacola, Fla. about unpaid claims, Tom Gallagher, Florida’s CFO, told insurance company representatives he would like to have...
Key Items Still Need to be Resolved in NCOIL Claims History Info Use Model
Mar 8 2005 // Model legislation that would restrict how insurers could use claims history information when underwriting property-casualty insurance coverage moved several steps closer to a vote when the National Conference of Insurance...
Berkshire Hathaway Chairman Warren Buffett on Insurance Economics and 2004 Results
Mar 8 2005 // By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5% fell short of the S&P 500 Index’s 10.9%...
90 Days Until Hurricane Season: Fla. Legislators Hope to Solve Problems
Mar 7 2005 // With less than 90 days to go until the 2005 hurricane season begins, Florida legislators are scrambling to solve a wide-variety of hurricane-related problems: Getting insurance claims settled; solving problems with...
Fla. Legislative Sessions Begin Today: Insurance-Related Subjects Top To-Do List
Mar 7 2005 // The Florida Legislature begins its spring sessions today with insurance-related topics expected to take the limelight with several dozen proposals being discussed by the governing body. Topics range from giving consumers...
N.Y. CREDIT RULES IRK INSURERS:
Mar 7 2005 // Insurance companies are concerned that new regulations adopted by the New York Insurance Department regarding the use of credit information for personal lines coverage could be more burdensome than necessary. The...
Auto Task Force, Industry PR Effort Herald Busy Summer Ahead in Mass.
Mar 7 2005 // A task force appointed by Massachusetts Gov. Mitt Romney last spring has concluded that the state’s private passenger auto insurance system is heading for a crash and has promised to produce a legislative reform...
As Michigan Agents Gather, Industry Finds Itself in Crosshairs
Mar 7 2005 // The vote by the Michigan Legislature’s Joint Committee on Administrative Rules to file a notice of objection to Democratic Gov. Jennifer Granholm’s rule banning the use of credit scores in underwriting was...
S&P REPORT SAYS HURRICANE LOSSES PUT PRESSURE ON INSURERS’ EQUITY:
Mar 7 2005 // The shareholders’ equity of many insurers and reinsurers is coming under greater pressure than anticipated as P/C losses from the 2004 hurricane season continue to rise with new estimates, according to a report by...
Insurers Must Underwrite Smarter, Not Succumb to D&O Market Pressures
Mar 7 2005 // Insurers must not be lulled into thinking that the Directors and Officers liability market has recovered because the quantity of cases remain high and the complexities of litigation are overwhelming. As a result, carriers...
Contingency Commissions and the Future of California Agents & Brokers
Mar 7 2005 // How the Spitzer-led investigation against broker fees inspired solutions to California’s “problems” Over the past several months, there have been numerous explanations, press releases and position papers...
Aon Settles Corruption Probe with 3 States for $190 Million; Complaint Cites Involvement of Top Execs
Mar 4 2005 // New York Attorney General Eliot Spitzer and Acting New York State Insurance Superintendent Howard Mills, together with Connecticut Attorney General Richard Blumenthal, Illinois Attorney General Lisa Madigan and Illinois...
Consumer Group Applauds Washington Commissioner For Refunding Premiums to Doctors
Mar 4 2005 // The Center for Justice & Democracy, a national consumer organization that monitors insurance industry practices, applauded the Washington State Office of the Insurance Commissioner for ordering the state’s...
As Mich. Agents Gather, Industry Finds Itself in Crosshairs
Mar 4 2005 // GRAND RAPIDS, Mich.—The vote by the Michigan Legislature’s Joint Committee on Administrative Rules to file a notice of objection to Democratic Gov. Jennifer Granholm’s rule banning the use of credit scores in...
TDI Issues Bulletin to Insurers Regarding ChoicePoint Inc. Release of Information
Mar 3 2005 // Insurers who use credit scoring in underwriting and rate setting must take into consideration a recent security breach at the data collection company ChoicePoint Inc., according to a bulletin issued by the Texas Department...
