Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Calif. Senate Bills 1763, 1427, 1678 See Action
Jul 8 2002 // Property and casualty insurers and agents and brokers alike can breathe a little easier after a recent California assembly committee hearing on June 26… if only for the time being. The hearing saw some interesting...
As Hard Market Persists, E&S Brokers Wait For The Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
You know better! Do not try to lower the bar.
Jul 8 2002 // Insureds and cedants have sued their insurance agents, insurance brokers, reinsurance intermediaries or reinsurance brokers when their insurance carrier or reinsurer faced financial difficulty and could not respond to a...
S&P Says ‘Wait ’til Next Year’ for Hard Market to Ease
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
For Lloyd’s, Continued Growth Expected in Surplus Linese
Jul 8 2002 // Lloyd’s of London is perhaps the most well known insurer in the U.S., not only due to its 300 years of existence, but also because this country is the London market’s biggest customer, accounting for over 35...
As Hard Market Persists, E&S Brokers Wait for the Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
How Many Bites at Bad Faith
Jul 8 2002 // On May 23, 2002, the Texas Supreme Court issued its opinion in Mid-Century Insurance Company of Texas v. Boyte, a case that arose out of an underinsured motorist claim. The Court addressed the issue of whether the common...
You know better! Do not try to lower the bar.
Jul 8 2002 // Insureds and cedants have sued their insurance agents, insurance brokers, reinsurance intermediaries or reinsurance brokers when their insurance carrier or reinsurer faced financial difficulty and could not respond to a...
SP’s Says ‘Wait ’til Next Year’ for Hard Market
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
How Many Bites at Bad Faith
Jul 8 2002 // On May 23, 2002, the Texas Supreme Court issued its opinion in Mid-Century Insurance Company of Texas v. Boyte, a case that arose out of an underinsured motorist claim. The Court addressed the issue of whether the common...
You know better! Do not try to lower the bar.
Jul 8 2002 // Insureds and cedants have sued their insurance agents, insurance brokers, reinsurance intermediaries or reinsurance brokers when their insurance carrier or reinsurer faced financial difficulty and could not respond to a...
Swiss Re Sigma Study Examines London Market
Jul 5 2002 // A New Swiss Re Sigma report examines the state of the London Market, describing the effects of the sweeping changes that have occurred over the last decade, the ongoing consolidations, the market’s continuing...
Pair of Regional Carriers on Board for Trusted Choice
Jul 4 2002 // Regional carriers Kentucky National Insurance Company and Rutgers Casualty Insurance Company are the two newest Trusted ChoiceSM company partners. Fifteen regional and national insurance carriers and one strategic alliance...
Insurers Reveal Damage Estimates from Colo. Wildfires
Jul 4 2002 // Damage from three wildfires that recently ravaged Colorado could cost insurers a record setting $50 million, according to the Associated Press. Preliminary estimates revealed that State Farm anticipates a payout of $24.7...
Texas JUA Increases Med-Malpractice Choices for Doctors
Jul 2 2002 // The Texas Department of Insurance announced that doctors coming to the state’s Joint Underwriting Association (JUA) for medical malpractice insurance now have more policy choices and, for certain beleaguered...
A.M. Best Affirms Kemper Insurance Companies Rating
Jul 2 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook. The group’s rating has been removed from under review with...
Yasuda/Nissan Merger Creates Japan’s 2nd Largest P/C Insurer
Jul 1 2002 // Yasuda Fire & Marine Insurance Co. and Nissan Fire & Marine Insurance Co. have completed their merger, creating Sompo Japan Insurance Inc.the country’s second largest p/c insurer after Millea Holdings Inc.,...
European Insurers Face WorldCom Losses
Jun 27 2002 // Most of Europe’s larger insurance companies have some exposure to losses resulting from the meltdown of WorldCom, the telecommunications giant which announced Tuesday night that it had improperly accounted for around...
P/C Industry’s 1stQ Net Income Falls 7.3 Percent
Jun 27 2002 // The U.S. property/casualty industry’s net income after taxes dropped 7.3 percent to $5.1 billion in first-quarter 2002 from $5.5 billion in first-quarter 2001, according to just released information from Insurance...
Texas Attorney General Candidates Spar on Insurance
Jun 27 2002 // Texas attorney general candidates Kirk Watson, Democrat, and Greg Abbott, Republican, have each unveiled plans to address the state’s homeowners insurance market crisis. The Austin American Statesman reports that...
