Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Hartford, Travelers, Other Insurers Affected by PPG ‘s $2.7 Billion Asbestos Settlement
May 15 2002 // PPG Industries $2.7 billion settlement of outstanding asbestos claims will cost the company around $500 million after tax, with more than 30 insurance companies eventually picking up the tab for the remaining $2.2...
Iowa Gov. Vetoes Bill That Would Have Spared Insurers From Paying Twice for Injury
May 14 2002 // Iowa Gov. Tom Vilsack has vetoed a bill that would have remedied a court ruling that requires insurers to pay again for a first injury when a worker suffers a second injury. “Senate File 2190 would have corrected a...
AAI Labels Calif. Workers’ Comp Rating Bill ‘Regulatory Overkill’
May 13 2002 // A bill working its way through the California Assembly that would give the insurance commissioner greater authority over workers compensation rates is contrary to the state’s open competition rating law and will only...
Insurance Industry Posts Strong Q1 Gains HOW REAL ARE THEY’
May 13 2002 // After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002...
Terrorism Insurance Still on Front Burner for Insurers, Lawmakers
May 13 2002 // Amid heavy lobbying on the part of financial lenders, insurers, real estate executives and even President Bush, the Democrats and Republicans in the Senate seem to have come to agreement that there is need for some kind of...
Legion & Villanova: Carriers Gone Bad’
May 13 2002 // The recent rehabilitation of the Legion and Villanova Insurance Companies of the Legion Insurance Group is sure to have raised some eyebrows across the insurance industry, but is it an indicator of what could be in store...
XML Provides the Missing Link for SEMCI
May 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...
UTAH CREDIT SCORING LAW TAKES EFFECT
May 13 2002 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on...
Insurance Industry Posts Strong Q1 Gains
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
XML Provides the Missing Link for SEMCI
May 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...
Conning and Co. Study Looks for Some Variable Annuity Insurers to Emerge from Downturn
May 9 2002 // Sales of variable annuities grew to $137 billion in 2000, but dipped drastically in 2001. Further, much of the sales activity in 2001 resulted from insurers trading assets with each other through contract...
NAII Says Amendments to Calif. Regulations Makes Claims Handling More Difficult, Expensive for Insur
May 9 2002 // Proposed amendments to California’s fair claims settlements practices regulations exceed the Department of Insurance’s authority and would prevent insurers from settling claims in a prompt, efficient, and fair...
Utah Credit Scoring Law Takes Effect May 6; Dept. Working on Regulation
May 6 2002 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts will take effect May 6. The state Insurance Department has asked insurers to comment...
PIACT Rates Connecticut’s Insurers
May 2 2002 // {The Professional Insurance Agents of Connecticut (PIACT) announced that it has completed a year-long study of its members’ perceptions of insurance company performance in the state. Leading the list of companies...
CDI Releases Slavery Era Insurance Survey
May 2 2002 // The California Department of Insurance (CDI) released today the results of an industry survey conducted in accordance with Senate Bill 2199 on the subject of slavery era insurance policies. SB 2199 was passed by the State...
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...
