Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AIA Finds Flaws with Investment Reporting Bill
May 31 2002 // A measure approved by the California State Senate is based on a flawed premise and will discourage charitable giving by insurance companies, says the American Insurance Association (AIA). “This bill is based on the...
AAI Says Consumer Group’s Claim Is Misleading
May 31 2002 // The Alliance of American Insurers (AAI) says that a recent letter on terrorism insurance sent by the Consumer Federation of America (CFA) to Senate Majority Leader Tom Daschle cited incomplete statistics and was misleading...
Mich. Legislative Panel Hears Testimony on Benefits of Credit Scores
May 30 2002 // Testifying before a Michigan House committee, a spokesperson for the Alliance of American Insurers said a bill being considered by state legislators that would prevent insurers from using credit scores to determine premium...
NAII Urges Senate to Reject Auto Body Shop Bill
May 29 2002 // The California State Senate convened on Tuesday to consider a bill that would, without constitutional authority or sound reason, ban an insurance company from owning or investing in auto body repair shops. “It is not...
ACE to Buy 22% Stake in Chinese P/C Insurer for $150 Million
May 29 2002 // Bermuda’s ACE Ltd. announced that it has entered into a strategic business partnership with Huatai Insurance Company, China’s fourth largest property/casualty insurer, and “will acquire 22% of...
Auditing Legal Bills Without Bloodshed
May 27 2002 // As a coverage lawyer who has audited legal bills, and had his own legal bills audited, I believe there are very few subjects as fraught with tension and concern for both the carrier and insurance defense counsel (and...
Camps Can Be Overnight Success For Experienced Insurers
May 27 2002 // By and large, camp insurance is following most commercial insurance in that it is more expensive,” according to Ron Norton, a sales executive with Indiana-based K&K Insurance. While prices generally have been on...
Politics of a Long, Hot Summer
May 27 2002 // Like summer, the political season is bearing down upon us. And like summer, this political year is destined to only get hotter and hotter. In Texas, with the offices of the governor, lieutenant governor, attorney general...
Insurers Focused on Credit Scoring During 2002 Missouri Legislative Session
May 27 2002 // Outside of credit-based insurance scoring, which was the subject of extensive negotiations, the state legislative session that concluded last week passed few matters of concern to the insurance industry, according to the...
Watch the Skies, Weather Still Causing Trouble for Homeowners Markets
May 27 2002 // For the past year, while the Texas homeowners insurance market reeled from the effects of mold claims on premium (and still does), homeowners markets in other states have begun bracing themselves for similar nightmare...
Politics of a Long, Hot Summer
May 27 2002 // Like summer, the political season is bearing down upon us. And like summer, this political year is destined to only get hotter and hotter. In Texas, with the offices of the governor, lieutenant governor, attorney general...
Camps Can Be Overnight Success for Experienced Insurers
May 27 2002 // By and large, camp insurance is following most commercial insurance in that it is more expensive,” according to Ron Norton, a sales executive with Indiana-based K&K Insurance. While prices generally have been on...
Court Cripples Insurers’ Med. Bill Audits
May 27 2002 // A Texas appellate court has ruled that insurers have no authority to audit medical bills, a move that could hobble their ability to prevent fraud and keep down workers’ compensation costs, according to the American...
Camps Can Be Overnight Success for Experienced Insurers
May 27 2002 // By and large, camp insurance is following most commercial insurance in that it is more expensive,” according to Ron Norton, a sales executive with Indiana-based K&K Insurance. While prices generally have been on...
NAII Says Calif. Mold Legislation Is Wrong
May 24 2002 // California state senators advanced legislation May 23 that would forbid insurance companies from restricting mold coverage in property and liability policies. In a 21-11 vote, the California Senate passed Senate Bill 1763,...
Calif. DMV Hit with Insurers’ Lawsuit
May 24 2002 // California’s Department of Motor Vehicles (DMV) was hit with a lawsuit May 22 by a number of insurance associations wishing to halt a fee hike that would reportedly double the price for motor vehicle reports. Filed...
Insurers Damaged by Spring Storms
May 24 2002 // According to the Insurance Services Office (ISO), U.S. insurers will pay out $700 million for damage from storms that wrecked havoc through 17 states at the end of April. The losses are the largest to hit the country since...
S&P Maintains Negative Outlook on Japan’s P/C Insurers
May 23 2002 // Standard & Poor’s announced that its outlook on Japan’s non-life insurance industry remains negative following the release this week of insurers’ financial results for fiscal 2001. “Earnings...
Credit-based Score Legislation Dies as Alaska Legislature Adjourns
May 23 2002 // Skirmishing over credit-based insurance scores occupied much of the attention of the 2002 Alaska legislative session that ended last week with legislators failing to come to any agreement on the issue. The Legislature then...
ACORD Notes Performances of Companies, Individuals at 2002 Conference
May 23 2002 // Orlando—The 2002 ACORD Conference “Real World Solutions” wrapped up May 21 with a host of companies and individuals taking home awards for their performances over the last year in the industry. Among the...
