Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
ISO In Agreement with ProcessClaims to Provide Insurers Streamlined Claims Handling Via Web Services
Oct 31 2003 // Insurance Services Office, Inc. (ISO) has signed an agreement to integrate its ClaimDirectorSM auto physical damage (APD) claim score with the ClaimsPortTM solution from ProcessClaims to enable systematic evaluation of...
A.M. Best Assigns ‘A-‘ FSR to Aspen Specialty Co.
Oct 29 2003 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Aspen Specialty Insurance Company, the recently formed U.S. insurer that is part of the Aspen Group, which includes the ultimate parent...
Europe’s Banks and Insurers Appeal for Regulatory Harmonization
Oct 29 2003 // The European Financial Services Round Table (EFR), has prepared a report titled “Harmonization of Regulation and Supervision of the European Financial Sector,” calling for increased harmonization on a European...
S&P Rates Russian Insurer Neftepolis ‘B-‘
Oct 29 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘B-‘ long-term counterparty credit and insurer financial strength ratings to Russian insurer oOo Strakhovaya Kompaniya...
Insurer’s Minn. Campaign Actions Under Investigation
Oct 27 2003 // The efforts of Miami-based American Bankers Insurance Group to affect the outcome of Minnesota’s 2002 elections is being investigated in two different counties in the state, according to the Associated...
Lord Levene Stresses Insurers’ Economic Role in Speech to NY RIMS
Oct 27 2003 // Speaking to the New York Risk Insurance Management Society on Friday, Lloyd’s Chairman, Lord Peter Levene, stressed the role insurance plays in business, calling it “the oil in the engine of the economy,...
Insurers Raise Concerns About Excessive Growth of the NAIC Surplus
Oct 24 2003 // Two major property/casualty trade associations have expressed serious concerns about a large surplus in the National Association of Insurance Commissioners’ (NAIC) proposed 2004 budget. For the three-year period...
Insurers Seek Balanced Approach to Texas Scoring, Territorial Rating Rules
Oct 24 2003 // At the recent Texas Department of Insurance (TDI) hearing on insurance scoring and territorial rating rules, insurers expressed their support for proposals they believe will ensure consumers are charged premiums that...
Ariz. DOI Establishes Rate Limits for Credit Property and Credit Unemployment Insurance
Oct 23 2003 // On Oct. 15, 2003, Director of Insurance, Charles Cohen, issued an order that establishes loss ratio standards and rate limits for credit property and credit unemployment insurance products offered to Arizona...
London American Becomes Preferred Facility for “A:XV” Insurer
Oct 22 2003 // London American General Agency Inc. announced that effective immediately they are a “Preferred” Commercial Property/Casualty Underwriting Facility for an “A:XV” insurer. The underwriting authority...
Calif. Commissioner Unveils Second Phase of Reform Plan
Oct 22 2003 // California Insurance Commissioner John Garamendi outlined the second phase of his workers’ compensation reform plan Oct. 21. The reform legislation that he helped shape during the first phase of this effort is...
Best Affirms Rating of South Korean Insurers Dongbu and LG Insurance
Oct 21 2003 // A.M. Best Co. announced that it has affirmed the ‘A-‘ (Excellent) financial strength ratings of two South Korean insurers – Dongbu Insurance Company Ltd. and LG Insurance Company Ltd. The outlook for both...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Insurance Journal 80th Anniversary
Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance Journal By Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...
Is Late Notice Ever a Defense in Texas’
Oct 20 2003 // The notice condition in general liability policies requires that the insured provide the insurer with timely notice of any potential occurrence and the receipt of suit papers. Failure to give proper notice of either of...
S&P REPORT ANALYZES IMPACT OF 9/11 RULING ON INSURERS:
Oct 20 2003 // A recent court ruling deemed the World Trade Center attacks to be a single event for insurance purposes, which is good news for insurers on the heels of some bad news: an earlier ruling allowing lawsuits to proceed against...
Insurance Journal 80th Anniversary
Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance Journal By Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...
Several Oregon P/C Insurance Measures Signed Into Law
Oct 20 2003 // Oregon Governor Ted Kulongoski recently signed several pieces of significant property/casualty insurance legislation, including measures dealing with credit reports, taxes, auto insurance coverage and environmental...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
S&P Reports on Latin American Insurers/Reinsurers
Oct 17 2003 // Standard & Poor’s has issued new reports on the Latin American insurance industry, which concludes that the market, while still in a “developing stage,” has strong growth prospects. As far as the...
