Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Tennessee’s P/C Market Mirrors Challenges Other States Face
Jan 26 2004 // Paula Flowers, the commissioner of Tennessee’s Department of Commerce and Insurance, recently set aside some time to talk with Insurance Journal Southeast regarding some of the industry issues impacting the Volunteer...
Earlybird Forecast for 2004: Street Sees Premium Growth in Store
Jan 26 2004 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals that the...
Members Approve Trade Association Merger; New Group Known as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as Property Casualty Insurers...
Members Approve Association Merger; New Group Opens Doors as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as the Property Casualty Insurers...
N.J. Moves to Protect Policyholders; Files to Liquidate Insurer
Jan 26 2004 // New Jersey’s Department of Banking and Insurance filed papers in Superior Court last Thursday to protect policyholders and consumers by seeking a liquidation order that would shut down a reportedly financially...
Allianz GR Lead Insurer for Orinoco Bridge
Jan 26 2004 // London-based Allianz Global Risks, a unit of Germany’s Allianz AG, announced that it will act as the lead insurer for the second Orinoco River Bridge Project. At 2,140 kilometers (1285 miles), the Orinoco is South...
Confusion Reigns on the Massachusetts Auto Front
Jan 26 2004 // While everyone agrees that something should be done about Massachusetts’ spiraling auto rates and uncompetitive market, no one seems to be able to agree on just what. When the state’s Department of Insurance...
Members Approve Association Merger; New Group Opens Doors as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as the Property Casualty Insurers...
Mission Possible: Bringing Insurers Back to Louisiana
Jan 26 2004 // If the Professional Insurance Agents of Louisiana, the Independent Insurance Agents and Brokers of Louisiana (IIABL) and Louisiana’s insurance commissioner have their way, the state will soon be flooded with insurers...
New Trade Association Gives Voice to Calif. Insurers
Jan 26 2004 // A new California trade association has been formed to represent the needs of the state’s domestic insurers. The Pacific Association of Domestic Insurance Cos. (PADIC) began operations Jan. 1. Formed by several small-...
Improved Disclosures, Accountability Brings New Challenges to Insurers
Jan 26 2004 // Improved corporate disclosures, increased personal accountability of officers, and an expanding role of audit committees and outside directors since the enactment of the Sarbanes-Oxley Act more than one year ago may deter...
One-on-One with Arizona State Fund President Don Smith
Jan 26 2004 // In recent months, we’ve heard nothing but praise for Arizona’s workers’ compensation system, especially when compared to the trouble California system. Wondering what all the hoopla was all about, I...
I.I.I. Survey Reports Industry Leaders Expect Improved Profits in 2004
Jan 26 2004 // Leaders of the property/casualty insurance industry expect an improvement in profitability for 2004 compared with last year, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its eighth...
Status of Agent vs. Brokers in California
Jan 26 2004 // The distinction between an agent and broker has had increased significance in California following Proposition 103 as brokers may charge broker fees and agents may not. Producers rely heavily on broker fee income due to...
E&S Foresight and Good Management Ease Hard Market Pains
Jan 26 2004 // As you have no doubt heard by now, this hard market is not just longer; it is fundamentally different. It is by all reports the most moderate in memory, characterized by fewer and less dramatic disruptions of normal market...
Conference Attendees Told TRIA Needs Careful Examination by Insurers
Jan 23 2004 // Insurers will have to make tough public policy decisions regarding whether the Terrorism Risk Insurance Act (TRIA) should be extended beyond its sunset date of Dec. 31, 2005, attendees at the ExecuSummit Conference in New...
RMS Terrorism Risk Management Tools Aiding Insurers in Responding to New Best Questionnaire
Jan 23 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, affirmed that its products can assist insurers in responding to the newly issued Supplemental Rating...
PCI, AIA Applaud N.J. Wrongful Death Court Decision
Jan 23 2004 // Both the Property Casualty Insurers Association of America (PCI) and the American Insurance Association issued bulletins giving a thumb’s up to the New Jersey’s Supreme Court’s unanimous decision in the...
Insurers’ 2003 Cat Losses Total $12.8 Billion
Jan 16 2004 // U.S. property/casualty insurers paid $12.8 billion to homeowners and businesses for insured property losses from 21 catastrophic events last year, according to current estimates by Insurance Services Office, Inc.’s...
Captives Don’t Belong in Ga. Guaranty Fund
Jan 16 2004 // A Georgia House bill requiring captive insurance companies that write workers’ compensation coverage to be covered under state guaranty fund laws will reportedly do nothing to identify or correct their financial...
