Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Striving for Balance in Louisiana as Reform Efforts Continue
Jun 9 2004 // Insurance and tort reform measures passed by the Louisiana Legislature in 2003, along with efforts by the insurance department and two major insurance agents’ associations to get the word out about the state’s...
New Illinois Med-Mal Carrier to Focus on Aggressive Defense Tactics
Jun 8 2004 // The Professional Liability Insurance Company of America (PLICA), announced that it now offers physicians in the Illinois malpractice market a professional liability insurance product that has been developed and designed to...
Malpractice Insurer Exit From Mass. Worries Physicians
Jun 8 2004 // The impending departure of one of the few remaining commercial insurance companies offering liability coverage for physicians in Massachusetts is yet more evidence that the state faces a real crisis in professional...
ISO’s Coyne: Survival May Be Greatest Challenge for Many P/C Insurers
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday. In remarks at the 76th Annual...
Nebraska’s Chance to Modernize Still Alive and Kicking
Jun 7 2004 // While the legislative effort did not advance this session, conditions in Nebraska are excellent for regulatory modernization. Commissioner Wagner has traditionally been supportive of streamlining and modernization...
Florida Legislative Session Productive for Industry, Lobbyists Claim
Jun 7 2004 // Ask insurance industry lobbyists in Tallahassee to describe this year’s legislative session, and they’re likely to agree that it was a “very productive” session. Lawmakers enacted major pieces of...
Workers’ Compensation Legislative Reforms in California
Jun 7 2004 // Avoiding the Trap of Failed Promises After four months of debate and intense pressure from the business community, the California Legislature and Governor Arnold Schwarzenegger approved a comprehensive workers’...
Regional Focus
Jun 7 2004 // Former Speaker of the House Tip O’Neill was attributed with the comment that “all politics are local.” The same could be said for the insurance industry—insurance coverage is definitely local. In...
Elderly Drivers Pose Growing Challenge for States and Auto Insurers
Jun 7 2004 // As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older...
IBA West Blue Ribbon Conference Focuses on Workers’ Comp
Jun 7 2004 // Approximately 300 independent agents, brokers and senior level insurance company executives attended the IBA West 18th annual Blue Ribbon Conference, held May 2-6, 2004 at the Mauna Lani Resort located on the Kohala coast...
Could the California Wildfires Have Been Predicted’
Jun 7 2004 // Lessons for Agents and Insurers In late October 2003, major wildfires broke out in five southern California counties, burning more than 750,000 acres, or an area the size of Rhode Island. These devastating fires burned for...
Garamendi’s Homeowners’ Bill of Rights Moves Ahead
Jun 7 2004 // California Insurance Commissioner John Garamendi’s “Homeowners’ Bill of Rights” package is continuing to move through the California State Legislature. The four main measures have all moved out of...
The Broker–The Policyholder’s Advocate
Jun 7 2004 // Some large brokerage firms are under siege by New York Attorney General Eliott Spitzer as his investigation scrutinizes the legality of the longstanding practice of Placement Service Agreements (PSAs). This is really about...
AIA Applauds Favorable Court Decisions Regarding Workers’ Comp in Texas
Jun 4 2004 // Recent, favorable appellate and Texas Supreme Court decisions related to medical fee guidelines in the workers’ compensation system were applauded Thursday by the American Insurance Association (AIA). A Texas...
Calif. Commissioner Warns of Unlicensed Insurer
Jun 4 2004 // California Insurance Commissioner John Garamendi has issued a cease and desist order to the National Employers Network, LLC, for operating without a license, putting its policyholders in serious financial peril. The firm,...
PCI Applauds Louisiana Legislative Action on Credit, Insurance Rating System Bills
Jun 3 2004 // The Property Casualty Insurers Association of America (PCI) praised the Louisiana Legislature for defeating a credit-based insurance scoring bill, which it said would have negatively influenced the industry, and advancing...
AMS Says Real-Time Comparative Rater is Only Months Away
Jun 2 2004 // Leading agency automation provider AMS says it is just months away from completing a real-time comparative rater that will satisfy independent agents’ need for a single-entry, multiple carrier interface, also known...
Ohio Supreme Court Case Could Bar Insurers From Representing Employers in Comp Hearings
Jun 2 2004 // An Ohio Supreme Court case against a company involved in workers’ compensation hearings could alter the way claims are handled, observers say. “This is a lot bigger than the case it revolves around,” said...
After 205 Years, R.I.-Based Providence Washington to Close Its Doors
Jun 1 2004 // Providence Washington Insurance Companies is shutting down after more than two centuries, a victim of financial losses, an inability to raise capital and failure to find a buyer. The Providence, R.I.-based company’s...
Report: Midyear Outlook Stable for U.S. Health Insurers
Jun 1 2004 // Standard & Poor’s Ratings Services published an article stating that the remainder of 2004 will likely see continued earnings strength for U.S. health insurers, but numerous competitive, political, regulatory,...
