Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Majority of U.S. Insurers Reportedly Feel IT to Become More Important
Jun 4 2003 // Eighty-eight percent of insurers think that IT will become more important in driving efficiencies and cost-reductions in future, according to new research released by RebusIS, an insurance technology solutions provider. A...
Converium Receives O.K. for U.K. Insurer; DB and Putnam Up Stakes
Jun 4 2003 // Swiss-based Converium Holdings announced that the U.K.’s Financial Services Authority (FSA) has granted the company’s request to conduct a general liability insurance business. It also announced, in accordance...
New Medical Malpractice Insurer Approved in Missouri
Jun 3 2003 // The Missouri Department of Insurance (MDI) announced it licensed a new medical malpractice insurer in the state, the seventh to be okayed this year. The newly approved entity is a physician-organized carrier organized in...
Alliance Urges Okla. to Limit Insurer Exposure Under Standard Fire Policy
Jun 2 2003 // The Alliance of American Insurers is urging Oklahoma Gov. Brad Henry to sign into law a bill that would limit insurer exposure under the Standard Fire Policy Act, thereby helping to stabilize the state’s commercial...
Workers’ Comp Bills Sent to Texas Governor
Jun 2 2003 // The Alliance of American Insurers praised the passage of two bills in both houses the Texas Legislature that it believes will achieve meaningful reform of the troubled Texas workers’ compensation system. The bills...
Three Men Indicted in N.Y. Motorcycle Fraud Ring
Jun 2 2003 // Eliot Spitzer, New York’s Attorney General, and State Insurance Department Superintendent Gregory V. Serio jointly announced the arrest of three men, Michael Colon, Rafael Feliz and Fermin Gonell, named as defendants...
Alliance Calls New DE Credit Scoring Regulation a ‘Fair Compromise’
Jun 2 2003 // The Alliance of American Insurers has issued an announcement indicating that a final Delaware Department of Insurance regulation governing property/casualty insurers’ use of credit-based insurance scores that will go...
Weiss Study Says Med-Mal Caps Fail to Prevent Premium Increases
Jun 2 2003 // Caps on non-economic damages have failed to prevent sharp increases in medical malpractice insurance premiums, even though insurers enjoyed a slowdown in their payouts, according to a white paper released by Weiss Ratings,...
Mich. Limits Insurer Exposure Under Standard Fire Policy
May 30 2003 // Michigan Gov. Jennifer Granholm (D) has signed into law a bill limiting insurer exposure under the Standard Fire Policy Act. The state follows similar action earlier this year by Virginia, Minnesota and Nebraska, according...
Minn. Law Allows Insurers to Access Credit Score Without Written Authorization
May 30 2003 // A bill which made technical changes to the Minnesota guaranty fund was modified to include changes to the Insurance Fair Information Reporting Act that eliminates the need for insurers to obtain up-front written...
Fiserv Releases Account Aggregation Software
May 29 2003 // Brookfield, Wis.-based Fiserv Inc. announced today that it will offer the Front View account aggregation solution to the insurance industry. With Fiserv Front View, insurance carriers can offer customers a secured,...
NAII Says Mass. Budget Proposal Targets Insurance Industry
May 29 2003 // The National Association of Independent Insurers issued a bulletin indicating that the Massachusetts Senate Ways and Means Committee’s version of the state’s budget includes several provisions that will cause...
Fair Isaac Releases XML Manager For Insurance Version 2.1
May 28 2003 // Fair Isaac Corporation announced availability of XML Manager For Insurance version 2.1, based on Fair Isaac Blaze Advisor rules management technology. The new release supports the 1.2 release of the ACORD SPX standard and...
Survey Reveals Agents Seek Cos. with Full Capabilities for Protecting Technology Customers
May 28 2003 // The ability of an insurance company to “fully service the insurance needs of information technology companies” is of paramount importance to agents that target this business sector, according to a survey...
Minn. Passes Bill Denying W/C Entry to Tax-Advantaged Entities
May 27 2003 // In a move insurance groups say will prohibit unfair competition in the state’s workers’ compensation insurance market, the Minnesota Legislature has recently taken action to prohibit state workers’...
AscendantOne Delivers ISO-Validated Rating for Four Major Commercial Lines of Business
May 23 2003 // Analytical pricing and underwriting information for four major commercial lines of insurance from ISO is now available through AscendantOne®, Inc.’s new policy-management and rating solution, according to company...
Fourteen Arrested for Insurance Fraud in L.A. Sweep
May 23 2003 // The California Department of Insurance (CDI) Los Angeles County Auto Insurance Fraud Task Force arrested 14 people, including two insurance brokers, suspected of defrauding three insurance carriers in a criminal...
Ohio Commish Orders Unlicensed Insurers to Stop Doing Business
May 23 2003 // Ohio Insurance Director Ann Womer Benjamin ordered International Water Marine Safety Foundation and North American Marine General Insurance Co. to stop writing insurance policies in Ohio. The property and casualty insurers...
Flex Band Bill Passes La. House Committee
May 23 2003 // A bill that insurance groups say would modernize Louisiana’s insurance regulatory system and make insurance more available in the state has passed the House Insurance Committee. According to the National Association...
NAII: Ala. Tax Credit Elimination Bill Will Hinder Competition
May 22 2003 // A premium tax bill currently under consideration in the Alabama special legislative session would unfairly penalize insurers and ultimately discourage healthy competition in the state insurance market, according to the...
