Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
CPCU Society to Highlight Results From P/C Survey at Annual Meeting
Oct 1 2003 // The CPCU Society invites insurance professionals to “Jazz Up Your Career!” at the CPCU Society’s 59th Annual Meeting and Seminars in New Orleans, Oct. 11-14. Join CPCUs, the New Designee Class of 2003,...
$14.5 Billion First Half Profit for P/C Industry
Sep 30 2003 // The U.S. property/casualty industry’s net income after taxes rose to $14.5 billion in first-half 2003 from $4.4 billion in first-half 2002, as both underwriting and investment results improved, according to Insurance...
Fla. Insurers Reportedly Should Expect Tough Enforcement of Credit Law
Sep 30 2003 // Insurance companies using credit-based insurance scores to underwrite and rate insurance coverage in Florida should reportedly be aware that the Florida Office of Insurance Regulation (OIR) will be taking a tough stance on...
S&P Comments on Impact of 9/11 Ruling on Insurers
Sep 30 2003 // Standard & Poor’s has issued a bulletin commenting on the recent ruling in favor of Swiss Re and other insurance companies in the case involving claims to be paid for the destruction of the World Trade Center...
Calif. Legislative Session Adjourns With New Privacy Law, Work Comp Reform
Sep 29 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty insurance industry during the...
ISO’s New Policywriting Support Forms to Help Insurers Comply with Legal, Regulatory Requirements
Sep 26 2003 // A new service developed by Insurance Services Office, Inc. (ISO) reportedly helps insurers comply with state legal and insurance regulatory requirements. ISO will begin making its new Policywriting Support Forms available...
PIANJ Letter Addresses Concerns on Auto Policy Regulations
Sep 25 2003 // Professional Insurance Association of New Jersey president John D’Agostino, Jr., CIC, has addressed a letter to Douglas A. Wheeler, Assistant Commissioner of Legislative and Regulatory Affairs for the New Jersey...
NAII Wants Clarification of Proposed N.J. Excess Profit Regulation
Sep 25 2003 // The National Association of Independent Insurers announced that it has asked the New Jersey Department of Banking and Insurance to be more specific regarding the methodology contained in a proposed regulation dealing with...
Insurance Company Donations to Calif. Gov. Illegal, Consumer Group Says
Sep 25 2003 // A consumer group is urging the United States Attorney for the Eastern District of California to investigate a series of contributions totaling $175,000 from an insurance company, Mercury General Corporation, to Governor...
Philadelphia Insurance Companies Offer New Professional Liability Product
Sep 24 2003 // The Philadelphia Insurance Companies have announced the release of their newest professional liability product “Private Company Protection Plus.” “This product is designed specifically for private...
CIMS Partners with InterWest, Hirman Insurors
Sep 23 2003 // Commercial Insurance Marketing Services (CIMS), a full-service insurance business development company, announced InterWest, the largest independent insurance agency in Northern California, and Hirman Insurors, a...
The Resurrection of Environmental Coverages
Sep 22 2003 // As insurers are confronted with increased pressures from claims involving asbestos, mold, and directors and officers’ policies, little attention is paid to the decreasing number of traditional environmental...
Weiss Ratings: U.S. Insurers’ 9/11 Losses Reach $9.3 Billion
Sep 22 2003 // Weiss Ratings Inc. of Palm Beach Gardens, Fla., reported that U.S. property and casualty insurers’ net claims arising from the Sept. 11 terrorist attacks reached $9.3 billion by Dec. 31, 2002, compared to $8.5...
CIGA Looks to Bond Sound Future
Sep 22 2003 // Thanks to the legislature, the California Insurance Guarantee Association (CIGA) will stave off financial ruin by floating bonds next year. Part of the reform package passed by both houses in the Capitol includes...
Non-Profits, Public Entities Battle Market Conditions
Sep 22 2003 // As some in the industry see profits and smoother sailing ahead, other markets are having a tougher time. In a look at the non-profits and public entities markets, Insurance Journal spoke with several experts in those...
ALLIANCE SAYS CALIF. EMERGENCY REGS ON FRAUD INVESTIGATIONS ARE UNNECESSARY
Sep 22 2003 // The California Department of Insurance’s proposal to further regulate the special investigations units of insurance companies is excessive and unnecessary according to the Alliance of American Insurers. In written...
Non-Profits, Public Entities Battle Market Conditions
Sep 22 2003 // As some in the industry see profits and smoother sailing ahead, other markets are having a tougher time. In a look at the non-profits and public entities markets, Insurance Journal spoke with several experts in those...
2002 Market Share for Insurers in Texas
Sep 22 2003 // The 2002 premium and loss data for Texas provides hope for the future of Texas insurance markets. Here are the highlights in review: • The aggregate loss ratio for all Texas companies for all lines of business was 78.4...
Is the Pendulum Swinging on Stowers’
Sep 22 2003 // Through its history in Texas jurisprudence, the Stowers doctrine, which creates excess liability for insurers based upon rejection of the settlement demand within limits, has shifted between a restricted concept and a...
Carrier CEO Panel to Present at Target Markets Summit
Sep 18 2003 // The CEO’s of four insurance carriers will be participating in a panel discussion this October at the Target Markets Program Administrators Summit in Tempe, Ariz. Among the industry leaders presenting are Kevin Kelley...
