Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Homeowners Insurers Reverse the ‘Curse’ … for Now
Dec 20 2004 // After two decades of poor financial results, the homeowners line is finally in the “sweet spot,” according to a new study by Conning Research and Consulting Inc. The Conning Research study, “Homeowners...
INSURERS WELL-POSITIONED TO SHOULDER HURRICANE LOSSES:
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third- and fourth-quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...
P/C INSURERS POSITIONED TO WEATHER HURRICANE LOSSES:
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third and fourth quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...
Texas: The Clash of the Titans
Dec 20 2004 // In September 2003, responding to the Legislature’s passage of the insurance regulatory reform measure, Senate Bill 14, the Texas Department of Insurance mandated rate cuts for 29 of the state’s homeowners...
Looking Back on ’04: The Most Talked-About Stories in the Western Region
Dec 20 2004 // The year 2004 saw a little bit of everything across the Western Region. Workers’ comp, homeowners, med-mal, and even insurance fraud topped the list of the most talked about stories. We compiled these recaps based on...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Dec 20 2004 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
From Maine to Virginia … What Happened in 2004
Dec 20 2004 // Leaving aside the insurance brokerage compensation investigations, the World Trade Center trial, the St. Paul-Travelers merger and the UnumProvident settlement, all of which have their roots in this region but grew to...
Andrew Welsh-HugginsAgents, Insurers Seek Targeted Compensation Disclosure Rules
Dec 20 2004 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
WASHINGTON INSURER ORDERED INTO RECEIVERSHIP:
Dec 20 2004 // Washington Insurance Commissioner Mike Kreidler has assumed control of Cascade National Insurance Company of Bellevue under authority of a Thurston County Superior Court order placing the company in receivership. The...
Carriers Eyed As Source of Funds to Fight S.C. Fraud
Dec 17 2004 // South Carolina legislators want insurance carriers to foot the bill to add investigators and prosecutors to the South Carolina Attorney General’s Office to fight insurance fraud. A bill suggested by Rep. Daniel L....
‘Girly Men’ and the Real World: The Public Role in Extreme Risk-Sharing
Dec 17 2004 // The Wharton School professor argued that insurance companies are not “girly men” when it comes to providing coverage for extreme risks such as hurricanes and terror attacks. It’s the federal...
Appeals Court Denies New Trial for Ex-La. Senate President Convicted of Stealing from Insurer
Dec 17 2004 // A federal appeals court rejected a request for a new trial from ex-Louisiana Senate President Michael O’Keefe, convicted in 1996 of stealing millions of dollars from a failed medical malpractice insurance...
Insurers Say Compensation Disclosure Amendments to Producer Licensing Model Act Still Lacking
Dec 17 2004 // The National Association of Insurance Commissioners (NAIC) distributed a revised version of its draft Producer Compensation Disclosure Amendments to the Producer Licensing Model Act on Thursday and insurers claim the model...
Health Care Service May Add Okla.’s Largest Insurer
Dec 17 2004 // Health Care Service Corp. is considering adding Blue Cross and Blue Shield of Oklahoma to its network of insurance providers in Illinois, Texas and New Mexico, according to the Associated Press and the Tulsa World. The...
Best Assigns Ratings to United National’s Wind River Companies; Removes from Review Status
Dec 16 2004 // A.M. Best Co. announced that it has assigned financial strength ratings of “A-” (Excellent) to Wind River Insurance Company, Ltd. based in Hamilton, Bermuda, and “A” (Excellent) to Wind River...
S&P Assigns ‘BBB-‘ Ratings, Stable Outlook to Czech Insurer CSOB Pojistovna a.s.
Dec 15 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB-” long-term counterparty credit and insurer financial strength ratings to CSOB Pojistovna a.s., the Czech Republic-based...
Doc-Owned Med-Mal Carrier Gets Ohio License
Dec 15 2004 // The Healthcare Underwriters Group Mutual of Ohio, a medical liability insurance company owned and governed by Ohio doctors, has received authorization from the Ohio Department of Insurance to begin issuing insurance...
S&P Says WTC Verdict Won’t Affect Insurer Ratings
Dec 15 2004 // Standard & Poor’s Ratings Services announced that it has reviewed the potential impact of the recent federal jury decision in New York that the 2001 terrorist attack on the World Trade Center was–for...
HSB Unveils Identity Recovery Coverage for Insurers Serving Home Owners, Small Business Market
Dec 15 2004 // The Hartford Steam Boiler Inspection and Insurance Company (HSB) is now offering to insurers identity recovery coverage that combines identity theft insurance with services that help victims restore their credit history...
U.K.’s Amicus Decries Insurers’ Opposition to Asbestos Claims; “Ambulance Chasers”
Dec 14 2004 // Amicus, the U.K.’s largest private sector union, announced it will issue a statement condemning insurers, whom it accuses of “attempting to shirk their responsibility to compensate up to 75 percent of asbestos...
