Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Ill. Bill Establishing No-Call Lists Exempts Insurers
Apr 19 2002 // A bill that unanimously passed an Illinois House panel April 16 permits establishment of “no-call” lists, but enables insurance companies to continue to use marketing strategies that best suit their needs,...
PIANJ Applauds Surplus Lines Proposals
Apr 17 2002 // The Professional Insurance Agents of New Jersey has commended the New Jersey Department of Banking and Insurance (DOBI) for proposing standards and procedures for surplus lines insurance procurement. In a letter sent last...
NY Contractors Finding Coverage Hard to Obtain
Apr 17 2002 // A report by David Dickson, VP of the Professional Insurance Agents of New York, finds that the state’s contractors are finding it increasingly hard to obtain insurance coverage, even paying higher premiums. Dickson,...
Neb. Advises Insurers, Banks on Terror Responsibilities
Apr 17 2002 // The Nebraska Department of Insurance recently issued instructions to insurers and banks regarding their responsibilities under the USA Patroit Act of 2001, “Uniting and Strengthening America by Proving Appropriate...
ISO and Ascendant One Team Up to Offer P/C Insurers Comprehensive Rating and Policy-Management Syste
Apr 17 2002 // Insurance Services Office, Inc. (ISO) has made a significant equity investment in AscendantOne™ Inc., An insurance technology and services company, to deliver insurance rating and policy-management products that...
