Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
3 More Midwest Insurers Issue Charley Loss Estimates
Aug 31 2004 // Three more insurers issued their loss estimates related to Hurricane Charley, which hit the Southeastern United States three weeks ago. Springfield, Ill.-based insurer Horace Mann Educators Corp. estimates its financial...
W. Va. Okays Rate Hike for Medical Malpractice Insurer
Aug 31 2004 // The Associated Press reported that an insurance company that had threatened to stop offering medical malpractice coverage to doctors in West Virginia has been granted a 9.5 percent rate increase, according to Gov. Bob...
Weiss: P/C Insurers Report First Underwriting Profit Since 1997
Aug 31 2004 // Dramatic improvements in underwriting performance by the nation’s property/casualty insurers led to the first underwriting gain in nearly seven years, according to the Jupiter, Fla.-based financial analysis firm...
Research and Markets Report on Insurance Outsourcing Focuses on India
Aug 30 2004 // Dublin-based Research and Markets (http://www.researchandmarkets.com) has issued a new report on “Global Insurance Outsourcing – The India Perspective: Overview, Trends, Insights and Competitor...
Insurers to Coastal Residents in Texas: Be Prepared
Aug 30 2004 // Residents along the Gulf Coast of Texas can learn a lot from the experiences of those people in Florida who were victims of Hurricane Charley, according to Jerry Johns, president of Southwestern Insurance Information...
Rival Insurer Gave Far More than it Said to Group Battling SAIF
Aug 30 2004 // Insurance company Liberty Northwest gave far more money than it had initially said to a nonprofit group battling its rival, the SAIF Corp. According to tax returns, Liberty Northwest poured more than $700,000 into...
PCI Joins Campaign to Defeat Trial Lawyer Ballot Initiatives in Nevada
Aug 30 2004 // The Property Casualty Insurers Association of America issued a statement concerning two constitutional initiatives, titled “Question 4” and “Question 5,” that are supported by trial lawyers and will...
European Insurers Consider Certain Terrorist Risk Exclusions for Airlines
Aug 26 2004 // Europe’s leading insurers are reportedly considering several clauses in airline insurance contracts that would exclude coverage for attacks involving chemical, biological and nuclear materials. The effort, headed by...
Louisiana Gov. Kathleen Babineaux Blanco
Aug 26 2004 // Laying a Foundation for Long Term Success By Stephanie K. Jones Being first is not a new thing to Kathleen Babineaux Blanco, who was sworn in on Jan. 12, 2004, as the first female Governor of Louisiana. Twenty years...
Hoos Joins Polestar to Manage Agency/Carrier Training
Aug 26 2004 // Doylestown, Pa.-based agency management consultancy Polestar Performance Programs Inc., has added William Hoos to its team. He will manage the agency and carrier training and consulting team for the company and be located...
State Farm Ruling Could Expand to Other Home Insurers
Aug 25 2004 // Attorney General Mike Hatch is intervening in a lawsuit that seeks to stop a State Farm insurance rate increase approved by the Department of Commerce earlier this year. The agency’s decision would allow...
ISO: Insurers to Pay Estimated $6.8 Billion on Charley
Aug 25 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.8 billion for insured property losses from Hurricane Charley, according to preliminary estimates by ISO’s Property Claim...
Right This Way! Hotels Make Room for Risk Management
Aug 23 2004 // In the months after the Sept. 11 terrorist attacks, the U.S. hospitality industry took a one-two punch. Travel and tourism plummeted as worried Americans canceled vacation plans and cautious businesses cut back on trips....
If Mass. Rebuilds Residual Market, Auto Insurers Still Unlikely to Come
Aug 23 2004 // While Massachusetts’ officials are overhauling their auto insurance residual market in hopes of attracting new insurers, it is becoming increasingly clear that the legislature will have to join the reform effort if...
N.Y. Surplus Lines Industry in Uphill Battle over Premium Financing
Aug 23 2004 // New York’s surplus lines industry is trying to convince the Pataki administration to allow a change in the premium financing of surplus lines accounts, a change that lawmakers have approved overwhelmingly, but the...
Charley Not as Bad as Andrew but Bad Enough
Aug 23 2004 // As the remnants of Hurricane Charley disintegrated off the New England coast Aug. 15, Florida officials estimated the storm caused $5 billion to $11 billion in damage to insured homes. At least 15 people were killed. The...
NCOIL Accepts NAIC Changes to Market Conduct Model
Aug 23 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) accepted most of the changes to its market...
Kentucky Governor Fletcher Keeps Commonwealth in Stride
Aug 23 2004 // Kentucky Gov. Ernie Fletcher (R) has had a busy last few weeks. Between weighing in on the AIK Comp Fund issue in the Commonwealth and seeing to it that residents get the help they need from storms that rumbled through...
ICT Symposium Focused on Regulation, State of the Market and More
Aug 23 2004 // Attendees at the 12th Annual Mid-Year Property and Casualty Symposium presented in July by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT) were treated to a series of...
The Denial is in the Details: Description of the Premises Defines Coverage
Aug 23 2004 // Commercial property issues lead to surprisingly few reported opinions. While they may not result in opinions, many disputes arise over policy interpretation, stemming from the description of the insured premises. Under the...
