Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Vanguarde Asset Group Identified as Unlicensed Fla. Insurer
May 2 2003 // Vanguarde Asset Group Inc., a New York company, has been identified as one of the companies recently shut down by the Florida Department of Financial Services as being unauthorized to sell insurance in that state. In a...
IBANY Briefed on Plans for Lower Manhattan, Captive Insurers
Apr 30 2003 // Representatives of the New York State Insurance Department and the Lower Manhattan Development Corp. recently briefed members and guests of the Insurance Brokers’ Association of New on the development of captives to...
Erie Indemnity Elects Directors and Officers
Apr 30 2003 // Erie Indemnity Company announced that the shareholders at their annual meeting had elected as directors all of the nominees recommended by the nominating committee, expanding the board from 12 to 15 members. It listed the...
AAI Warns Mass. Budget Proposal Would Cost Insurers
Apr 30 2003 // “The 2004 Fiscal Year budget proposal newly released by the Massachusetts House Ways and Means Committee would make it more expensive for insurers to do business in the Commonwealth and open insurers domesticated in...
Pickens Announces Credit Scoring Protections for Ark. Consumers
Apr 29 2003 // According to Arkansas Insurance Commissioner Mike Pickens, the enactment of a new law will give Arkansas insurance consumers stronger protections in the use of credit information and credit scoring when purchasing and...
S.C. Producer Administrative Fee Deadline Draws Near
Apr 29 2003 // The South Carolina Department of Insurance issued a statement reminding all resident and nonresident producers licensed on January 31, 2003 with unlimited lines of authority are required to pay a one-time $35...
Calif. Regulatory Advisory Threatens Use of Loss History Databases, Says ACIC
Apr 29 2003 // A California Department of Insurance Advisory Notice significantly restricts homeowners insurance underwriting and, if fully implemented, reportedly could result in fewer choices and higher prices for consumers in the...
S&P Says Taiwan’s General Insurers Return to Stability
Apr 29 2003 // Standard & Poor’s Ratings Services, in a new publication entitled “Taiwan Insurance Outlook 2003,” announced that it has revised its outlook on Taiwan’s nonlife insurance sector to stable from...
ISO Says Insurers Will Pay $1.2B in Storm Claims in 10 States
Apr 25 2003 // U.S. property/casualty insurers are expected to pay policyholders an estimated $1.2 billion for insured property-loss claims from a winter storm and windstorm catastrophe that pummeled 10 states in early April, according...
Senate Bills Reportedly Increasing Choice, Lowering Premiums in La. Passes Committee
Apr 25 2003 // A Senate panel this week approved two major bills that would reportedly change the way insurance rates are regulated in Louisiana, bringing more companies and competition into the state. The measures, Senate Bill 721 and...
Alliance Argues Against Iowa Diminished Value Bill
Apr 25 2003 // A pending Iowa regulation that would regulate the way insurers settle automobile claims is flawed and should be changed, according to the Alliance of American Insurers. “In its current version, IAC 191-15 would force...
World Struggles to Deal with Deadly SARS Virus
Apr 25 2003 // According to the World Health Organization more than 4000 cases of Severe Acute Respiratory Syndrome (SARS) have so far been reported, and more than 250 people have died from the infection. If anything those statistics are...
Legislators End Miss. Session Without Impacting Insurers Much
Apr 24 2003 // According to the National Association of Independent Insurers (NAII), the regular session of the Mississippi legislature adjourned this month, with lawmakers passing a $3.6 billion budget and passing only a few bills...
NAII Seeks Changes to Proposed Insurance Scoring Regulations in Delaware
Apr 24 2003 // The National Association of Independent Insurers announced that representatives had appeared at a public hearing held yesterday in Delaware to ensure that the effectiveness of credit-based insurance scoring was not...
Three Alaska Credit Bills Up for Vote This Week
Apr 23 2003 // Alaska legislators will consider three bills this week that would reportedly restrict or prohibit insurance companies’ use of credit information, potentially increasing the costs for auto and homeowners policies. The...
Fed Court Says Non-Ohio Carriers Not Bound by Scott-Pontzer
Apr 23 2003 // A federal court has ruled that insurance carriers not domiciled in Ohio are not bound by a state Supreme Court decision which held that corporate uninsured motorist policies extend to employees and their private...
ISO’s New Services Now Connects Insurers’ Extranets to Risk-Management, Loss-Control Info. Database
Apr 22 2003 // Insurance Services Office, Inc.’s (ISO) Engineering and Safety Service (E&S) unit has introduced a new Enterprise Subscription Service that enables insurance companies to connect their extranets for agents,...
Ins. Scoring Bill Passed by Oklahoma Legislature
Apr 22 2003 // The Oklahoma House approved an insurance scoring bill based on model legislation developed by the National Conference of Insurance Legislators (NCOIL), according to the American Insurance Association (AIA). “While SB...
NAII Pleased with Latest Treasury Rules on TRIA
Apr 21 2003 // Two new sets of Treasury Department rules for implementation of the Terrorism Risk Insurance Act (TRIA) reportedly clarify important statutory requirements of the new law for insurers and address important state insurance...
S&P’s ARTICLE DISCUSSES INSURER CREDIT, LIQUIDITY SUPPORT
Apr 21 2003 // Standard & Poor’s has published an article that explains the rating criteria for credit and liquidity support provided by insurers. Capital-markets transactions are often supported by credit or liquidity...
