Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Praise Conn. High Court Ruling Limiting Emotional Distress Recovery
Mar 5 2004 // A recent ruling by the Connecticut Supreme Court has resulted in what insurers say is “a reasonable solution” to the issue of placing limits on financial compensation for emotional distress. The court...
PCI, AIA Oppose Mass. Bill Requiring Insurers to Report to Tax Authorities
Mar 4 2004 // The Property Casualty Insurers Association of America and the American Insurance Association have both gone on record as opposed to a bill being considered by the Joint Committee on Taxation that places insurers in the...
W. Va. State Insurer Sizes Up McDonald’s Decision
Mar 4 2004 // The West Virginia Public Employees Insurance Agency is applauding McDonald’s for the company’s recent decision to phase out the “Supersize” portions from its menu. Tom Susman, PEIA Director said,...
S&P Report Examines U.S. Insurer Failures in 2003
Mar 3 2004 // Standard & Poor’s Ratings announced that it has published an article that examines failures among U.S. insurers in 2003. “The number of U.S. insurance failures fell to its lowest five-year level in 2003...
ACT Report Cites Benefits of Real-time Technology
Mar 3 2004 // The Agents Council for Technology (ACT) has published The Real-Time Revolution: Redefining How We Work, a comprehensive report to help independent agents and brokers and carriers better use real-time technology to improve...
Mass. Auto Insurer Hanover Sues Over High Risk ‘Conspiracy’
Mar 3 2004 // The lengths to which an auto insurer in Massachusetts may go to circumvent the state’s unique high risk pool has been brought to light by an unusual lawsuit filed by one insurer against one of its...
ACIC Examines Calif. Workers’ Comp Issues
Mar 3 2004 // While the California Legislature continues to debate the issue of workers’ compensation reform, The Association of California Insurance Companies (ACIC) has developed an issues paper that addresses the major...
PWC Survey Finds Challenges with Insurer Enterprise Risk Management Implementation
Mar 3 2004 // A new study by PricewaterhouseCoopers has confirmed that enterprise risk management (ERM) is on the boardroom agenda as a key driver for a competitive edge in the insurance industry, but some leading insurers need to close...
Navigators Among Top Ranked Marine Insurers
Mar 2 2004 // The Navigators Group, Inc. has issued a bulletin commenting on the release of a report by Standard & Poor’s which ranks its subsidiary, Navigators Insurance Company, as the fourth largest U.S.-based ocean marine...
Arkansas’ Pickens Recommends CSLN
Mar 2 2004 // Arkansas Insurance Commissioner Mike Pickens issued a recommendation to all licensed property/casualty insurance companies, the National Association of Insurance Commissioners, trade associations and other interested...
AIA Says Calif. Applicant Attorneys’ Deceptive Claims About Insurer Profits is Pure Spin
Feb 27 2004 // As the California legislature prepares to act on Governor Schwarzenegger’s proposed overhaul of the state’s expensive, dysfunctional workers’ compensation system, the special interest group with the most...
ISO A-PLUS Delivers Vehicle-Registration Reports to Auto Insurers
Feb 27 2004 // Auto insurers are now able to receive accurate, comprehensive Vehicle-Registration Reports on their policyholders from Insurance Services Office, Inc.’s (ISO) A-PLUS – unit, making it easy to assess auto risks...
Louisiana Big ‘I’ Launches ‘A Landmark Opportunity’
Feb 26 2004 // The Independent Insurance Agents and Brokers of Louisiana (IIABL) announced the launch of a nation-wide campaign to attract insurance companies to Louisiana. The campaign kicked off with the nationwide distribution of...
New Brunswick Insurers Plan to Lower Auto Rates
Feb 26 2004 // The Insurance Bureau of Canada (IBC) has announced an action plan to bring premium rates down quickly throughout the province of New Brunswick. It’s being adopted in response to government pressure and public outcry...
Mass. Officials Respond To Cape Homeowners Crisis
Feb 26 2004 // The Massachusetts Division of Insurance has responded to concerns over the lack of homeowners insurance in coastal areas in the state. The Division confirmed that the Andover Group insurers, Cambridge Mutual Fire and...
WCIRB Releases Insolvent Insurer Rating Adjustment Plan
Feb 25 2004 // On Nov. 10, 2003, California Insurance Commissioner John Garamendi issued a decision with respect to the Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Jan. 1, 2004 Regulatory Filing. In the decision,...
Ark. Outlines Expectations for Renewals, Cancellations and Underwriting
Feb 24 2004 // On February 20, 2004, the Arkansas Insurance Department issued the following directive on cancellations, nonrenewals and discriminatory underwriting practices for property and casualty insurance: The Department recognizes...
Superior Access’ New Admitted Carrier Offering Mid-Market BOP
Feb 24 2004 // Richard Swoy, chairman of Irvine, Calif.-based Superior Access Insurance Services Inc., announced that SAIS added an “A (excellent)” rated admitted carriers exclusively for SAIS member agents and brokers...
Maine Governor’s Proposal Draws PCI, AIA Fire
Feb 24 2004 // The Property Casualty Insurers Association of America and the American Insurance Association both expressed concerns over a bill proposed by Maine’s Governor John Baldacci, which the PCI says will “further...
Small Businesses Start Small Then Grow into Big Businesses
Feb 23 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...
