Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Webs for the Unwary: The Perils of Internet Marketing
Aug 19 2002 // The World Wide Web—touted as the greatest communication development of all time—has also become the world’s biggest catalog. Along with the use of the Internet for marketing, have come new torts, and a new body...
European Insurers Expect Millions of Euros in Flood Claims
Aug 16 2002 // Many European insurers expect claims totaling millions of euros as flooding that has heavily damaged areas of the Czech Republic and Austria now threaten eastern Germany. Reuters reports that several European...
Eight Insurers Exposed to 73 Percent of Homeowners Risk in Western Fire-Prone States
Aug 15 2002 // In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings, Inc. At year-end 2001, eight...
Insurers Praise States for Reaching Reciprocity Goal for Producer Licensing
Aug 14 2002 // State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/Bliley Act. The National Association of Insurance Commissioners (NAIC) approved...
Amerisure Mutual Receives AWCC’s Outstanding Carrier Award
Aug 13 2002 // Michigan-based Amerisure Mutual Insurance Company received the 2001 Outstanding Carrier Award, presented by the Arkansas Workers’ Compensation Commission (AWCC). Amerisure has received this award four times in the...
XML Provides the Missing Link for SEMCI
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Financial Information For Mich. Insurers Now Available on Online
Aug 12 2002 // Michigan Office of Financial and Insurance Services (OFIS) Commissioner Frank Fitzgerald announced that insurance company and health maintenance organization (HMO) financial statements are now available on the OFIS Web...
New Florida Insurer of Last Resort Now in Operation
Aug 6 2002 // Florida Treasurer and Insurance Commissioner Tom Gallagher announced that Citizens Property Insurance Corporation (Citizens) has taken over as the state’s insurer of last resort for consumers unable to obtain...
Community Investment Reporting and theIndustry – “CRA” California Style
Aug 5 2002 // With the recent spotlight being placed on the 25th anniversary of the federal Community Reinvestment Act (CRA), legislation enacted in 1977 which requires banks to increase their investments and loans to low income...
Risk Retention-The Growing Role of the Alternative Market
Aug 5 2002 // How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and...
INSURERS EYE $120M PRICE TAG IN ARIZ
Aug 5 2002 // Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance...
U.S. Court Backs Calif. Law on Holocaust Issue
Aug 5 2002 // Commissioner Low was very gratified with the decision. From his perspective, this is a time-sensitive issue because some of these survivors are dying every day,” said Nanci Kramer, a spokesperson with the California...
Programs, Beacons of Stability in Tumultuous Markets
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
Disparities Between House, Senate Bills Hold Up Terrorism Backstop
Aug 5 2002 // The U.S. insurance industry must have breathed a collective sigh of relief recently, when the Senate approved terrorism insurance backstop legislation after months of debate and delay. But now legislators must reconcile...
Safeguarding Customer Privacy Creates New Issue for States
Aug 5 2002 // Insurance associations have been abuzz the past couple of weeks with regard to impending changes and new proposals to privacy regulations under Congress’ Gramm-Leach-Bliley Financial Modernization Act (GLB). Each...
New Fitch Report Estimates Billions in Asbestos Liability Costs
Aug 5 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
INSURERS EYE $120M PRICE TAG IN ARIZ
Aug 5 2002 // Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance...
Community Investment Reporting and theIndustry – “CRA” California Style
Aug 5 2002 // With the recent spotlight being placed on the 25th anniversary of the federal Community Reinvestment Act (CRA), legislation enacted in 1977 which requires banks to increase their investments and loans to low income...
Top Three Texas Residential Insurers Under Investigation
Aug 5 2002 // Responding to moves by Farmers Insurance Company to further restrict coverages in homeowners policies it will write in the state, Insurance Commissioner Jose Montemayor expanded the state insurance department’s...
