Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Managing Claims
Apr 21 2003 // In these days of sky-high premium rates a sales person needs an edge when trying to close a sale. Many firms are adding extra services to woo new clients and retain the existing ones as well. These ideas are great....
Credit Scoring – Agents, Carriers Look to Bridge Divisions
Apr 21 2003 // Give them credit—both agents and carriers have made credit scoring an issue that the industry can’t turn its back on. From studies to hearings, the issue has soared to become one of the top three or four issues in...
Nightclub Tragedies to Worsen Already Volatile Marketplace
Apr 21 2003 // The recent nightclub tragedies in Chicago and Rhode Island, which all told killed 120 people, will lead to stricter underwriting and discourage new carriers from entering that volatile market, according to a broker who has...
Relationships Between Program Carriers, Administrators Crucial to Success
Apr 21 2003 // The relationship between program carriers and program administrators or managers is fundamental in determining the success of particular program. With the hard market still going strong, the programs marketplace has not...
Program Administrators Target Specialized Risks
Apr 21 2003 // In today’s hard market, the value that a Program Administrator (PA) adds to the insurance transaction becomes especially clear. For the retail agent, they are a resource to be used in the placement of specialized or...
Solution to Growing Asbestos Crisis May be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth Bader...
Relationships Between Program Carriers, Administrators Crucial to Success
Apr 21 2003 // The relationship between program carriers and program administrators or managers is fundamental in determining the success of a particular program. With the hard market still going strong, the programs marketplace has not...
Nightclub Tragedies to Worsen Already Volatile Marketplace
Apr 21 2003 // The recent nightclub tragedies in Chicago and Rhode Island, which all told killed 120 people, will lead to stricter underwriting and discourage new carriers from entering that volatile market, according to a broker who has...
Credit Scoring – Agents, Carriers Look to Bridge Divisions
Apr 21 2003 // Give them credit—both agents and carriers have made credit scoring an issue that the industry can’t turn its back on. From studies to hearings, the issue has soared to become one of the top three or four issues in...
Program Administrators Target Specialized Risks
Apr 21 2003 // In today’s hard market, the value that a Program Administrator (PA) adds to the insurance transaction becomes especially clear. For the retail agent, they are a resource to be used in the placement of specialized or...
South Carolina Kicks Off Pro-State Regulation Campaign
Apr 18 2003 // “Regulation of the insurance industry in South Carolina is best handled by the Department of Insurance in Columbia, not a federal department of insurance in the District of Columbia,” said Gov. Mark Sanford (R)...
Institute President Reacts to Full Year 2002 Results
Apr 18 2003 // The property/casualty industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office, Inc....
P/C Industry’s Surplus Falls Despite Improvement in Net Income After Taxes
Apr 17 2003 // The property/casualty insurance industry’s statutory surplus dropped $4.4 billion to $285.2 billion at year-end 2002 from $289.6 billion at year-end 2001. Surplus declined despite improvement in the industry’s...
Alliance Pleased With New Treasury Department TRIA Regs
Apr 17 2003 // The Alliance of American Insurers reports it is pleased with the U.S. Treasury Department’s second set of regulations under the Terrorism Risk Insurance Act (TRIA) of 2002, which the department released April 15, as...
Taking a look at 2002 Results
Apr 17 2003 // The property/casualty insurance industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office,...
NAII Unhappy with Ore. Credit Bill’s Advancement to Senate
Apr 16 2003 // The Oregon Senate Judiciary Committee unanimously voted to pass Senate Bill 260, which would prohibit insurance carriers from using credit information for underwriting and rating policies, the National Association of...
Privacy Regulations Under HIPAA Raise Concerns for P/C Insurers
Apr 15 2003 // While privacy regulations under the Health Insurance Portability and Accessibility Act (HIPAA) do not apply directly to property/casualty insurers, the industry is expecting a significant impact due to health care...
CAS Members Hear Direction of Credit Scoring
Apr 15 2003 // The increasing use of credit scoring by insurers in underwriting and rating personal lines of insurance has reportedly brought on increased interest, oversight and even some action by insurance regulators and state...
U.S. Congress Hears of N.J. Auto Insurance Crisis
Apr 11 2003 // Federal lawmakers Thursday learned that New Jersey’s auto insurance crisis has impacted more than a quarter million people within the past three years alone, forcing drivers to search for auto insurance in a market...
