Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.Y. Auto Plan Clarifies New Application Process
Sep 16 2002 // The New York Automobile Insurance Plan (NYAIP) has sent a clarification to the Professional Insurance Agents of New York (PIANY) regarding its new declination procedure for agents in that state. As stated by the Plan, the...
Campbell vs. State Farm: U.S. Supreme Court May Resolve Issue
Sep 16 2002 // Outrageous! A travesty of Justice! Should be reversed! Both sides have probably said that at one time or another as the case of Campbell vs. State Farm worked it’s way through Utah’s court system, culminating...
ARIZ. 2002 SESSION LEGISLATION TAKES AFFECT
Sep 16 2002 // Arizona property/casualty insurance laws addressing the use of credit information, new form filing and investment provisions, spiraling costs of construction defect litigation and minors’ seatbelt usage took affect...
Management More Crucial Than Ever
Sep 16 2002 // When I was a student in college and majoring in insurance, my professors used to tell us that there was a crying need for good, educated insurance agents. In their opinion, there were too many agents who were...
Use of Credit a Hot Topic at Senate Hearing
Sep 16 2002 // The insurance industry took a few hits at a recent Senate committee hearing on the use of consumer credit histories in rating and underwriting insurance policies. In addition to criticisms from consumer groups, the...
TDI TARGETS COVERAGE DENIALS
Sep 16 2002 // TDI has proposed a rule that would limit insurer’s ability to deny homeowners insurance coverage based solely on a history of water damage claims. Insurance Commissioner Jose Montemayor previewed the new rule to...
Management More Crucial Than Ever
Sep 16 2002 // When I was a student in college and majoring in insurance, my professors used to tell us that there was a crying need for good, educated insurance agents. In their opinion, there were too many agents who were...
Insurers Question Direction of Credit Scoring Working Group
Sep 12 2002 // The National Association of Independent Insurers (NAII) questioned the approach regulators are taking in formulating direction for the states on the use of insurance credit scoring. The Credit Scoring Working Group met...
Con Ed, Insurers Sue Port Authority
Sep 11 2002 // Consolidated Edison Co. of New York and a group of its insurers sued the Port Authority of New York and New Jersey Sept. 10 in search of more than $314.5 million for damages to a substation that was demolished in the Sept....
So. Korea Insurers Estimate Typhoon Claims at $130 Million
Sep 10 2002 // South Korea’s property/casualty insurers have estimated that they will pay 156.3 billion won (around $130 million) in claims for damages caused by typhoon Rusa, which struck the country last week (See IJ Website...
Privacy, Auto Repair Shop Bills Fail in Calif. 2002 Legislative Session
Sep 10 2002 // California’s 2002 legislative session came to a close recently without passage of bills aiming to restrict insurers’ use of personal financial information and investments in auto repair shops. Both measures...
Alliance Opposes Texas Plan to Restrict Insurer Denials
Sep 10 2002 // A proposal introduced in Texas that would put restrictions on insurers’ ability to make decisions on writing homeowners coverage when a water damage claim has previously been filed is being opposed by the Alliance of...
NAII Says Calif. Proposed Privacy Regulation Amendments Miss Mark
Sep 9 2002 // According to the National Association of Independent Insurers (NAII), The California Insurance Department’s latest revisions to its proposed consumer financial privacy regulations are still at odds with state and...
Insurers Issue Blueprint for Self-Certification of Rates and Forms
Sep 5 2002 // Insurance regulators wishing to further regulatory modernization should begin to adopt a workable self-certification process to approve rates and forms, according to insurers. In a letter to the National Association of...
Ariz. DOI Licenses Ariz.’s First Captive Insurer
Sep 5 2002 // Arizona Director of Insurance Charles Cohen announced the issuance of Arizona’s first Captive Insurer License effective Aug. 20, 2002. It was issued to Triad Commercial Captive Insurance Company, owned by Grant...
German Insurers Set Up Terror Risk Vehicle
Sep 4 2002 // 16 leading insurance companies, including Munich Re, Swiss Re and Allianz, announced the foundation of “Extremus,” a jointly owned insurance vehicle which will provide excess coverage for losses caused by...
Weiss Ratings Says Domestic Insurers Report Net Claims of $8.5 Billion from Sept. 11 Attacks
Sep 4 2002 // The nation’s property and casualty insurers reported $8.47 billion in net claims (1) arising from the Sept. 11 terrorist attacks, according to research by Weiss Ratings Inc. Two groups of insurance companies,...
The Cincinnati Insurance Companies Named as Top Performer in Ward Survey
Sep 4 2002 // The Cincinnati Financial Corporation announced that the Ward Group has named The Cincinnati Insurance Companies as one of the nation’s top performers in both property casualty insurance and life and health insurance...
NAII Urges WV. DOI To Preserve Use Of Credit In Underwriting, Rating
Sep 4 2002 // The West Virginia Department of Insurance’s informational letter addressing credit-based insurance scoring in personal lines would severely restrict the use of a proven underwriting and rating tool, according to the...
Arizona 2002 Session Legislation Takes Effect This Week
Sep 3 2002 // Arizona property/casualty insurance laws addressing the use of credit information, new form filing and investment provisions, spiraling costs of construction defect litigation and minors’ seatbelt usage took affect...
