Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
P&C Insurers Call for Compensation Disclosure
Nov 16 2004 // In testimony today before a Senate subcommittee, Property Casualty Insurers Association of America President and CEO Ernie Csiszar urged public policy makers to give careful consideration to efforts that make insurance...
State Regulators Reveal Model Disclosure Act
Nov 16 2004 // An insurance broker would be required to obtain written approval from a customer before receiving any compensation from an insurer for a piece of business under a model compensation disclosure act unveiled by the...
Mass. AG Targets Health Insurance Brokers’ Pay
Nov 15 2004 // The Massachusetts attorney general’s office is scrutinizing the practice of health insurers offering lucrative commissions to brokers who are supposed to lock in the best deals for employers. Insurers have for years...
Spitzer Sues Universal Life Resources over Broker Pay
Nov 15 2004 // A California-based company that brokers life, accident and disability policies for leading U.S. companies pocketed millions of dollars a year in hidden payments from insurers and from charges on clients’ unsuspecting...
WCIRB Report on Insurer Experience Released
Nov 15 2004 // The Workers’ Compensation Insurance Rating Bureau has completed its report summarizing insurer loss and premium experience through June 30, 2004. Please click here to view the report. The report stated the following...
Philadelphia Insurance Cos. Finalizes Deal to Purchase Fireman’s Fund NDO Renewal Rights
Nov 15 2004 // Philadelphia Insurance Companies has finalized an agreement with Fireman’s Fund Insurance Company to purchase the renewal rights on Fireman’s Fund’s non-profit D&O book of business. The agreement is...
Perry Says Texas Lawmakers Will Deal With Insurers Dodging Rollbacks
Nov 14 2004 // Texas Gov. Rick Perry recently sent a message to State Farm and Farmers insurance companies, who have successfully fought state-ordered rate rollbacks for homeowners policies. “I’m not happy at all when...
Zurich NA Latest Insurer to Suspend Employees as Fallout from Marsh Probe Continues
Nov 12 2004 // Zurich Financial Services (Zurich) said today it has suspended “several employees” following a review of its business practices and relationship with brokerage giant Marsh. The company said it has been...
Allstate Holding Off On New Homeowner Policies in Florida
Nov 11 2004 // Allstate Corp., the largest property casualty insurer in Florida, has announced it will cease writing new homeowners’ policies in Florida until the state Legislature meets in December and decides what to do about...
Insurance Execs Court Private Equity Firms For Backing
Nov 11 2004 // Up to five new insurance companies worth $20-$50 million each could be started up in Florida in the next six months with capital from private equity firms, John Butler, senior vice president at Houlihan Lokey Howard &...
State Farm Decision to Stay in New Jersey Auto Market Latest Sign of Improved Insurance Environment
Nov 10 2004 // A flurry of special dividends and a series of rate reduction announcements from auto insurers, coupled with increased competition and new regulations adopted by the New Jersey insurance department, are helping to reshape...
Fla. Investigation: Brown & Brown Says It Carefully Monitors Brokers
Nov 10 2004 // Brown & Brown Inc. is confident that twin investigations of the insurance industry by Florida officials will reveal no wrongdoing by the Daytona Beach-based company or its brokers, its president says. Jim Henderson,...
ACE European Group Set to Become Third Largest U.K.-Based P/C Insurer
Nov 9 2004 // ACE European Group Limited, the cornerstone of ACE’s London Market and European business, announced that it has received regulatory approval to transfer its Belgian based business into the U.K.-based...
Is Big Brother Good for the Industry’
Nov 8 2004 // Some drivers in Minnesota will soon have an added passenger in their cars: their insurance company. Progressive Insurance Co. is using so-called “black box” technology to offer drivers discounts based on how...
NAIC Conference Call Places State Insurance Investigations on Hold
Nov 8 2004 // State insurance commissioners in the southeast and across the United States consulted in a conference call the week after New York Attorney Gen-eral Eliot Spitzer made allegations of rigged bids and price-fixing among...
Industry in the Bull’s Eye
Nov 8 2004 // In the days after New York Attorney General Eliot Spitzer filed a civil lawsuit against insurance broker Marsh & McLennan Companies Inc. for alleged commercial account steering and bid rigging, the insurance industry...
When Do You File a Declaratory Judgment Action’
Nov 8 2004 // One of the thorniest issues that an insurance adjuster may face is deciding to bring an affirmative declaratory judgment action following a denial of coverage or a decision to defend under a reservation of rights. The...
Looking at the Med-Mal Crisis from Both Sides
Nov 8 2004 // Insurance Journal National Editor Andrea Ortega-Wells recently moderated a “Take Two” debate discussing the hot topic of medical malpractice, and what, if any, reforms are needed. The debate features Paula...
RemedyTemp to Appeal Workers' Comp Case Appeals Court Ruling
Nov 8 2004 // The California Insurance Guarantee Association (CIGA), will not be held responsible for covering workers’ comp claims filed by 500 of the staffing agency’s employees who were insured by insolvent carrier...
S&P Revises Overall Property/Casualty Outlook to Negative
Nov 8 2004 // Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable. “The outlook revision follows allegations of widespread misconduct...
