Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
S&P Affirms Spanish Insurer FREMAP ‘AA’ Ratings
May 22 2003 // Standard & Poor’s announced that, following a review of the company, it has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Spanish social security mutual...
A.M. Best Downgrades The Underwriter Insurance Company Rating
May 21 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of U.K.-based The Underwriter Insurance Company Limited (TU), and maintained its negative outlook on the...
Insurance Losses From Tornadoes Could Be Most Costly Event Ever, Says I.I.I.
May 20 2003 // U.S. insurers have taken another hit these past few weeks as tornado season continues to wreak havoc on the nation. The tornadoes, which swept across parts of the U.S. from May 2-11, have the potential to be the costliest...
Best Releases D&O Market: A Crisis in Remediation Report
May 20 2003 // Writers of directors and officers insurance are facing a lengthy catch-up period, given the increased frequency and substantially greater severity of claims since the mid-1990s, according to the special report, “The...
Med Mal Insurers File for Increases in Kentucky
May 20 2003 // The Kentucky Department of Insurance scheduled two public hearings in June to discuss specific rate filings from two medical malpractice insurance carriers. According to Insurance Commissioner Janie A. Miller, recent...
Technology and Insurance Fraud … A Shared Responsibility
May 19 2003 // While the insurance fraud crisis worsens and fraud perpetrators find new and innovative approaches to their illegal activities, the insurance industry needs to take a proactive stance to put a stop to the bleeding-or at...
Web Services, J2EE, .NET’ – Should an Agent Care’ Absolutely!
May 19 2003 // Revolutionary technology supporting agent-carrier collaboration is in widespread deployment. Known as Web Services, these technologies will play a critical role in determining the agent and carrier winners in...
The Ratings Game
May 19 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
NAII, Alliance and AIA Comment on NJ Auto Reform Bill’s Passage
May 19 2003 // The National Association of Independent Insurers, the Alliance of American Insurers and the American Insurance Association all had favorable comments on the passage of New Jersey’s Auto Insurance Reform Act. (See...
NJ Assembly Approves Auto Insurance Reform Act
May 19 2003 // On Friday the New Jersey General Assembly unanimously approved The Automobile Insurance Competition and Choice Act (S-63/A-2625), a measure designed to correct “years of politically influenced auto insurance...
NAII Says Quickest Cure for MA Auto Insurance Market is Increased Competition
May 19 2003 // Representatives of the National Association of Independent Insurers told the Massachusetts Division of Insurance at a recent hearing that one of the most effective ways to enhance the insurance market for consumers in the...
Skyrocketing Prices Leaving Doubts In The Air
May 19 2003 // With California’s workers’ compensation market in a tailspin, Sacramento’s legislators, the governor and the state insurance commissioner are pulling out all the stops to repair a system that’s...
Productive P/C Rating Solutions Needed for Agent-Driven Sales & Service
May 19 2003 // In an increasingly wired business environment, property/casualty insurers and agents face enormous challenges-shrinking profit margins, new business acquisition and retention costs, and changing customer expectations,...
NAII Urges Lawmakers to Improve Alaska Credit Info Bill
May 16 2003 // The Alaska Senate’s recent passage of legislation that would restrict insurers’ use of credit information came after lengthy negotiations among all interested parties, but still falls short of enabling insurers...
S&P Launches “Inside View”, New Guide to Insurer Ratings
May 16 2003 // Standard & Poor’s London office announced the first issue of a new publication, “Inside View,” a series of guides providing insight into the insurance ratings business. “With global insurance...
IBC’s AIM Conference Brings Together Insurers and Car Makers
May 15 2003 // The opening in Toronto of the Insurance Bureau of Canada’s sixth annual Automotive Insurers and Manufacturers Forum gave insurance and automotive professionals from across Canada a valuable opportunity to share...
‘Insurers of Last Resort’ Bill Passes Louisiana House
May 15 2003 // The Louisiana House of Representatives passed a bill combining the Coastal and FAIR Plans, two of the state’s so-called “insurers of last resort,” under a new state-created entity called the Louisiana...
A.M. Best: Asbestos Settlement Won’t Aid Ratings
May 15 2003 // Recent reports of a national, privately financed trust to pay asbestos claimants have raised questions about the insurance industry’s ability to fund its participation in a trust while maintaining individual...
U.S. Marine Insurers Continue Profitability in Highly Competitive Global Marketplace
May 15 2003 // U.S. ocean marine insurers reportedly continued to outperform the property/casualty business as a whole in 2002, but the market should not begin celebrating just yet, according to David French, chairman, American Institute...
Ohio Woman Indicted for Fraud Allegedly Netted $300,000
May 14 2003 // Recent investigations conducted by the Ohio insurance department’s fraud unit have led to three indictments of Ohioans attempting to defraud insurance companies, according to a statement released by insurance...
