Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Survey Reveals Insurers Likely to Pay Claims
May 1 2002 // In an age where structured financial transactions and guarantees are becoming more complex, certain insurance companies now provide transparency and a willingness to pay claims as a value-added for their investors, said a...
Supreme Court Denies Insurers from Challenging Quake Claims Law
Apr 30 2002 // The Supreme Court denied a challenge to state law to stop California earthquake victims from refiling homeowners claims in retrospect to the 1994 Northridge earthquake, according to the Associated Press. The law, which was...
Nev. Contractors Insurance Expands to Offer More Workers’ Comp
Apr 30 2002 // Nevada Contractors Insurance has expanded its operations to offer workers’ compensation to contractors in New Mexico. The company, which is Nevada’s second largest insurer for workers’ comp insurance,...
News Analysis: Commentary on Full Year 2001
Apr 29 2002 // The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc....
Insurance Litigation and Bankruptcy, or How to Escape from Wonderland
Apr 29 2002 // In the tale of “Alice in Wonderland,” little Alice heedlessly follows the white rabbit into the rabbit hole and falls ever so long before landing upon a heap of sticks and dry leaves. Jumping up and looking...
Is the Texas Personal Auto Market Another Homeowners in the Making’
Apr 29 2002 // The personal automobile insurance market in Texas may not be approaching the crisis level at which the homeowners market currently finds itself, but signs indicate that it may be in for a rough ride. According to the Texas...
Giving Credit Where Credit is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just...
Why Credit-Based Insurance Scoring is Good for Consumers
Apr 29 2002 // Credit-based insurance scoring is a reliable, though often misunderstood underwriting tool that helps insurers accurately match the price of their products to the level of risk posed by any given customer. It is...
Giving Credit Where Credit Is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has ever heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot...
AUTO INSURERS AGREE TO HAWAII FINES
Apr 29 2002 // Seven of Hawaii’s largest auto insurance companies who have been under investigation for allegedly using prohibited criteria to determine premiums, have agreed to pay fines totaling $115,500. The seven...
Insurers Expected to Pay $15 Billion to Clean Up, Rebuild NYC
Apr 26 2002 // According to a new study released by the Federal Reserve bank of New York, cleaning up and rebuilding downtown Manhattan is expected to cost up to $29 billion, at least $6 billion less than had been estimated earlier. As...
W.R. Berkley to Acquire 20% Stake in Lloyd’s Market Insurer Kiln
Apr 26 2002 // W.R. Berkley will up its share in Lloyd’s insurer Kiln to 20 percent by acquiring 32.8 million newly offered shares in the company at 47 pence (68 cents) and the acceptance of a two-for-three rights issue at the same...
S.D. Reminds Insurers of Change in Notice Requirements
Apr 25 2002 // The South Dakota Division of Insurance issued a reminder to insurance companies that the effective date for changes to the non-renewal notice requirements for commercial lines of insurance is on the horizon. July 1 is the...
Neb. Session Successful for Insurers
Apr 24 2002 // Nebraska legislators adjourned April 19 without enacting any bills that might have harmed insurers and their policyholders. Several bills were amended in the closing days of the session to make them fairer to both...
Insurers to Pay $580M Related to Insured-Property Damage in 1stQ 2002
Apr 24 2002 // Insurers are expected to pay $580 million to homeowners and businesses for insured-property losses from three catastrophe events in the first quarter this year—the lowest first-quarter loss in more than a...
AAI Pushes for No Vote on Calif. SB 1763
Apr 24 2002 // A bill that was heard April 22 by a California Senate panel requiring insurers to cover mold will create affordability and availability problems across all property/casualty lines of business, according to the Alliance of...
Alaska Committees Consider Two Very Different Scoring Bills
Apr 24 2002 // Two very different bills restricting insurers’ use of credit-based insurance scores are pending in Alaska House and Senate committees with no clear indication as to which is more likely to move. National Association...
NAMIC Publishes State Laws and Legislative Trends Report
Apr 23 2002 // The National Association of Insurance Companies (NAMIC) has published a State Laws and Legislative Trends report on the “Use of Credit History by Insurance Companies.” The NAMIC analysis shows: Prior to 2002,...
PIFC Opposing Government Mandation of Private Insurance Company Investments
Apr 23 2002 // The Personal Insurance Federation of California (PIFC) has questioned the intent of a Senate bill that would mandate Federal Community Reinvestment Act (CRA) standards of reporting and investing for California insurance...
IBA West Summarizes Issues Future Commissioner Will Face
Apr 22 2002 // IBA West recently outlined the major issues the successful candidate for California Insurance Commissioner will face in the coming years and outlined its goals for the future of insurance regulation in the state. IBA West...
