Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Tool Helps Insurers Identify, Quantify Terrorism Risks
Feb 5 2003 // Insurers looking to identify and price terrorism exposures have a new tool available from decision-data expert Oxxford Information Technology, Ltd. Oxxford’s Vulnerability Index (www.risk-mkt-data.com), as the...
Ore. Adopts Regs Addressing Credit Scores
Feb 5 2003 // The Oregon Insurance Division has adopted regulations governing insurance companies’ use of credit-based insurance scores in writing personal automobile and homeowners policies. The regulations take effect June...
Silverstein Spokesman Replies to Swiss Re Comments; Calls them ‘Cynical, Manipulative’
Feb 5 2003 // Howard Rubenstein, a spokesman for Larry Silverstein, responded to Swiss Re’s press release of Feb. 4, that criticized Silverstein in his attempt to collect insurance money from the Sept. 11, 2001 attack on the World...
Alliance Urges Calif. Legislative Panel Not to ‘Reinvent Wheel’ on Privacy
Feb 3 2003 // Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers...
Malpractice Insurers Placed Under Supervision in Tenn.
Feb 3 2003 // Tennessee Insurance Commissioner Paula A. Flowers announced that three malpractice insurers—Doctors Insurance Reciprocal RRG, American National Lawyers Insurance Reciprocal RRG and the Reciprocal Alliance RRG—were...
Alliance Urges NY Legislators to Delay Action on Implementing Terrorist Risk Act
Feb 3 2003 // The Alliance of American Insurers urged New York legislators to “resist the temptation” to implement state-specific legislative or regulatory measures involving the federal Terrorism Risk Insurance Act (TRIA)...
Oregon Cracks Down on Credit Scoring Abuses by Insurers
Jan 31 2003 // Insurance companies will be prohibited from using credit records to cancel or not renew current policyholders under rules adopted by the Oregon Insurance Division. The division developed the rules in response to consumer...
Alliance Praises Fla. Supreme Ct. Order Permitting Insurer Use of Staff Counsel
Jan 30 2003 // A recent order by the Supreme Court of Florida to approve amendments to the rules regulating the Florida Bar is a significant victory for insurers and consumers alike, according to the Alliance of American...
Texas Judge Orders Boat Insurer to Pay $1 Million
Jan 30 2003 // A judge in Austin, Texas ordered a London- and Canada-based organization to stop marketing boat and other watercraft insurance in Texas without a license and to pay a $1 million fine imposed last year by Commissioner Jose...
Nevada Mutual Insurance Company Rate Change Approved
Jan 30 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved new rating rules for obstetricians and gynecological surgeons for Nevada Mutual Insurance Company (NMIC). The new rules result from Molasky-Arman’s...
AAI Urges Calif. Legislative Panel Not to ‘Reinvent Wheel’ on Privacy
Jan 30 2003 // Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers...
IVANS Notes General Availability of IVANS WebSEMCI with Transformation Station Integration for AMS AfW Agents
Jan 28 2003 // IVANS, Inc. announced the general availability of IVANS WebSEMCI(TM) with Transformation Station(TM) integration for AMS AfW agents. Agents can now download this software from the AMS Web site to conduct business with...
AIA Praises KY Supreme Court Decision on WC Exclusive Remedy Doctrine
Jan 28 2003 // The Kentucky Supreme Court, overturning a lower court ruling, voted 4 to 3 to maintain the longstanding exclusive remedy doctrine underpinning the state’s workers’ compensation system. The court’s...
Response Insurance Group to Acquire Great American Auto Units
Jan 28 2003 // The Connecticut-based Response Insurance Group of Companies, a direct writer of auto coverage, announced that it has signed a stock purchase agreement to acquire Cincinnati-based Worldwide Insurance Company and Worldwide...
Philadelphia Insurance Companies Website Wins Flood Public Awareness Award
Jan 28 2003 // The Philadelphia Insurance Companies announced that its website has won the “Flood Public Awareness award” at the National Flood Conference held in New Orleans. “The annual flood conference, held by The...
New AIR Estimation Model Helps Insurers Price Terrorism Risk
Jan 27 2003 // In an effort to help property/casualty carriers racing to price and offer terrorism coverage after the passage of the Terrorism Risk Insurance Act, AIR Worldwide Corporation has introduced a new estimation model, the...
Risk Retention Groups Owning Up to Success
Jan 27 2003 // Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps...
AIA Urges Nev. Governor to Drop Proposal to Double Tax Insurers
Jan 27 2003 // The American Insurance Association (AIA) called upon Nevada Governor Kenny Guinn (R) to abandon his proposal to double tax insurers operating in the state. In order to tackle Nevada’s $1 billion budget deficit, Gov....
AAI Says Proposed Ind. Credit Scoring Restrictions Could Do More Harm Than Good
Jan 27 2003 // A measure placing additional restrictions on insurer use of credit scores that passed an Indiana House panel late last week could harm an already healthy property/casualty market, thereby harming consumers, according to...
New AIR Estimation Model Helps Insurers Price Terrorism Risk
Jan 27 2003 // In an effort to help property/casualty carriers racing to price and offer terrorism coverage after the passage of the Terrorism Risk Insurance Act, AIR Worldwide Corporation has introduced a new estimation model, the...
