Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers, Agents Back Oxley’s ‘Middle Ground’ Proposal
Mar 18 2004 // Both insurer and agent groups have reacted positively to U.S. Rep. Michael Oxley‘s recent proposal to give the federal government sweeping new powers to oversee how states regulate the insurance industry. Oxley, an...
Calif. Commissioner Says Insurers Could Live with Some Rate Regulation
Mar 18 2004 // Calif. Insurance Commissioner John Garamendi, in an apparent change in direction, said recently that California could regulate workers’ compensation insurance rates in a way that wouldn’t discourage insurers...
N.Y. Turns to Cybersetttle to Handle Claims with Insurers in Liquidation
Mar 17 2004 // Cybersettle, a White Plains, N.Y. online settlement company, has been contracted by the New York State Insurance Department Liquidation Bureau to accelerate the resolution of claims filed with insurance companies currently...
Best Downgrades Winterthur’s U.S. Subs to ‘A-‘
Mar 17 2004 // A.M. Best Co. announced that it has downgraded the financial strength ratings to “A-” (Excellent) from “A” (Excellent) of the U.S. based property/casualty insurance subsidiaries of Winterthur Swiss...
Fla. House Says Thumbs Up to Premium Tax Database Bill; Off for Vote in Senate
Mar 16 2004 // A bill creating an electronic database for insurers to use in allocating insurance property and casualty premium taxes was passed Tuesday by Florida’s House and is headed for a vote in the Senate. “We’ve...
Credit-Based Scoring Tops AIA Agenda at Spring NAIC Gathering in New York City
Mar 12 2004 // The issue of credit-based insurance scoring will once again reportedly be the subject of much discussion and attention during the spring meeting of the National Association of Insurance Commissioners (NAIC) in New York,...
COUNTRY Insurance & Financial Services Awaits Reg. Approval of Cotton States Insurance Transactions
Mar 12 2004 // In an update to definitive agreements announced with Atlanta-based Cotton States Insurance Group in December 2003, COUNTRY Insurance & Financial Services has filed the required Form A with the Georgia Insurance...
Calif. Commissioner Wants to Lure Insurers Back to State
Mar 12 2004 // Continuing his push to reform the state’s broken workers’ compensation system, Calif. Insurance Commissioner John Garamendi will travel to New York to meet with executives of some of the country’s largest...
Zenith Insurance Company Sues Chiropractor Wu for Unfair Business Practices
Mar 12 2004 // Zenith National Insurance Corp. announced that its wholly owned subsidiary, Zenith Insurance Company, has sued San Diego County chiropractor William Wu under California’s Unfair Competition Law for unlawful and...
P/C Insurers’ Profits Double First Three Quarters of 2003; Industry’s Underwriting Loss Sees Improvement
Mar 9 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
Small Businesses Start Small Then Grow into Big Businesses
Mar 8 2004 // According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and...
It Can’t Be Done: Article 21.55 and the Duty to Defend
Mar 8 2004 // Almost two years ago, I wrote a column for “Legal Beat” entitled It Couldn’t Be Done: The Policyholder’s Idea to Reinvigorate Third Party Bad Faith. The article outlined the attempts by a very...
PCI Answers Questions on Use of Loss Reports in Nevada
Mar 8 2004 // The use of loss history reports on individual dwellings is an important and necessary tool that insurers need to help them underwrite homeowners’ policies in Nevada. That’s the message delivered by the Property...
Terrorism Tops List of Concerns for Workers’ Comp Professionals
Mar 8 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...
Small Businesses are Big Business
Mar 8 2004 // According to the U.S. Census Bureau there were 5,652,544 firms actively doing business in the U.S. in 2001, the latest available totals. This doesn’t count the millions of people who are self-employed. 5,036,845 of...
Boston Archdiocese Sues Insurer
Mar 8 2004 // The Archdiocese of Boston is suing one of its insurers, accusing the company of fraud and breach of contract for failing to cover settlement payments to victims of clergy abuse. Last September, after the archdiocese agreed...
Markel American Insurance Company Appoints Conroy as Marine Director
Mar 8 2004 // Pewaukee, Wis.-based Markel American Insurance Company announced the appointment of Thomas Conroy to marine director. Conroy, who joined Markel American in 1989, has long been committed to the marine industry and insurance...
Mountaineer State Faces Many of the Nation’s Same Issues
Mar 8 2004 // While not the biggest state in the southeastern region, West Virginia like all other states has its insurance issues. Insurance Commissioner Jane Cline recently set aside some time to talk with Insurance Journal Southeast...
Small Businesses Start Small Then Grow into Big Businesses
Mar 8 2004 // According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and...
A LANDMARK OPPORTUNITY:
Mar 8 2004 // The Independent Insurance Agents and Brokers of Louisiana (IIABL) has launched its nation-wide campaign to attract insurers to Louisiana, kicking it off with the distribution of “Louisiana: A Landmark...
