Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Enhancing Carrier Relationships with a Sales and Marketing Plan
Dec 15 2003 // The New Year is a perfect time to reflect on how we have been running our agencies and restructure it to the way we should be running it. Business plans and sales and marketing plans are essential to proper agency...
Strengthening Protection for Directors and Officers
Dec 15 2003 // Directors and officers liability premiums have risen by 30 percent—and sometimes by as much as 300 percent—in the past two years, following revelations of misdoings at corporations like Enron, Tyco and WorldCom. This...
Throw Away Your Crystal Ball … The Stage is Already Set for 2004
Dec 15 2003 // With the clock ticking down on 2003, it’s only natural to begin forecasting the key trends that will impact the insurance industry in 2004. Like Thanksgiving turkey that can be served many ways but never seems to be...
MDI: 2002 Med-Mal Payments Didn’t Keep Pace With Injuries
Dec 11 2003 // Severity of patient injuries reached an all-time high for medical malpractice payments in 2002, but victim awards have not kept pace with inflation and increasing disabilities, the Missouri Department of Insurance said in...
NAII Says N.J. Auto Market Emerging from ’30 Years of Mismanagement’
Dec 11 2003 // The National Association of Independent Insurers has issued a bulletin, which indicates that New Jersey’s auto insurance market, which it described as “once the nation’s poster child for the dangers of...
Employers Insurance Company of Nevada, A Mutual Company, Re-Names Subsidiary Companies
Dec 9 2003 // Employers Insurance Company of Nevada, A Mutual Company, (EICN) announced that it has re-named two wholly-owned subsidiaries. Effective immediately, the company formerly known as Fremont Employers Insurance Company will...
A New Workers’ Compensation Insurer for Businesses Situated in New York State
Dec 9 2003 // First Pavilion Insurance Company published its intention to form a stock insurance corporation under the provisions of the Insurance Law of the State of New York. The Company plans to write excess insurance policies with a...
IBHS Congress Hears of Impact from Disasters, Mold, Recent Hard Market
Dec 9 2003 // Disasters, both natural and man-made, as well as mold, construction defect and a recent hard market have impacted the U.S. economy and the insurance industry as a whole, according to a leading property/casualty...
Insurers are Passing Along Savings Generated By Workers’ Comp Medical Reforms, AIA Says
Dec 5 2003 // The American Insurance Association (AIA) issued the following statement by Mark Sektnan, AIA assistant vice president, western region, in response to Insurance Commissioner John Garamendi’s (D) report analyzing the...
Trio of Insurers File Largest No-Fault Lawsuit in N.Y. History
Dec 4 2003 // The Allstate Insurance Company, Encompass Insurance and Nationwide Mutual Insurance Company on Wednesday filed a RICO (Racketeer Influenced and Corrupt Organizations Act) action in the Supreme Court of New York against 74...
S&P Affirms Fireman’s Fund Insurance Company
Dec 4 2003 // Standard & Poor’s Ratings Services said it affirmed its ‘A+’ counterparty and financial strength ratings on Novato, Calif.-based Fireman’s Fund Insurance Co. (Fireman’s) and related...
Calif. Commissioner Announces Substantial Reductions in Workers’ Comp Insurers’ Rate Filings
Dec 4 2003 // Insurance Commissioner John Garamendi announced that workers’ compensation pure premium rates filed by insurers to date are below current rates by an average 3.6 percent, a “clear sign” that the historic...
Monoline WC Carrier GUARD to Begin Midwest Operations in 2004
Dec 3 2003 // Wilkes Barre, Pa.-based GUARD Insurance Group, a monoline workers’ compensation specialist, has begun expanding into the Midwest. Since GUARD’s products are distributed through contracted independent insurance...
PLUS Convention Highlights D&O, E&O Concerns For Agents/Brokers
Dec 1 2003 // The Professional Liability Underwriting Society’s 16th annual convention, held Nov. 9-11 in Philadelphia, featured a broad range of discussions on timely issues facing insurers, agents, brokers and the lawyers who...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
Reinsurance in the Program Marketplace
Dec 1 2003 // For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results...
A Halfway Point in the Fight Against Terrorism
Dec 1 2003 // Nov. 6 marked an important point in time for America’s property and casualty insurers. It was the halfway point between the Sept. 11, 2001, terrorist attacks and Dec. 31, 2005, the date that the Terrorism Risk...
TDI Adopts ‘Tough’ Credit Score Rules
Dec 1 2003 // The Texas Department of Insurance recently adopted initial rules regarding the use of credit scoring by insurers in Texas. And the department believes the rules, along with the statutory provisions in Senate Bill 14, are...
How to Develop Program Business Despite Tough Market Standards
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers (MGAs, retail agent groups, and wholesalers) and the specialty insurance carriers—has been difficult. The...
Reinsurance in the Program Marketplace
Dec 1 2003 // For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results...
