Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Consumer Organization Files Suit Against Three Auto Insurers
Feb 11 2002 // Harvey Rosenfield’s California-based Foundation for Taxpayers and Consumer Rights (FTCR) filed separate lawsuits on Jan. 9 against three major auto insurers, Geico Corp., SAFECO Corp., and the Automobile Club of...
Before Diving in, Agents Attracted by Captive Profits Must Analyze Challenges
Feb 11 2002 // Thinking of forming an agency captive? An agent-owned captive insurance company involves an agency capitalizing either a domestic insurance company or an offshore insurance company. Richard Turner, president of...
Before & NAFTA: Open Borders, Long Term Effects on Long-Haul Trucking
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
INSURERS PRAISE BUSH
Feb 11 2002 // In reaction to President Bush’s State of the Union speech, the American Insurance Association (AIA) stated that the President’s focus on the continuing danger of another terrorist attack should remind Congress...
Building Profitability into the Commercial Auto Market
Feb 11 2002 // Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts...
Before & NAFTA: Open Borders, Long Term Effects on Long-Haul Trucking
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
Insurers, Companies Look to Stem the Tide of Cargo Theft
Feb 11 2002 // Staying one step ahead of criminals is a challenge for both the companies that transport cargo and the insurers who provide coverage for them. As the criminal gets smarter and comes up with new ways to steal,...
Holocaust Insurance Claims Panel Faces Recriminations over Delays
Feb 11 2002 // Many European countries observed Sunday, Jan. 27 as Holocaust Memorial Day, a time set aside to honor the memory of the 12 million human beings—over six million of them Jewish—who perished at the hands of the Nazis...
A.M. Best Says Enron Bankruptcy is Costly to Insurers
Feb 8 2002 // The failure of energy-trading giant Enron Corp. has hit the portfolios of several insurers with investment exposures as of Sept. 30, 2001, totaling more than $3 billion, according to an A.M. Best statistical study. In...
Utah House Passes Bill for Insurers
Feb 8 2002 // The Utah House passed a bill Feb. 5 allowing insurers to use credit-based insurance scores only to give their customers discounts. “By requiring insurers to use insurance scores only to provide premium discounts and...
Insurer W.R. Berkley to Report 4Q Loss
Feb 6 2002 // According to Reuters, W.R. Berkley Corp. reported Feb. 5 that it will claim a loss in the fourth quarter as it takes charges to add reserves related to loss-making contracts, along with its exposure to both Enron Corp. and...
Insurance Availability Task Force Formed in Nebraska
Feb 5 2002 // Nebraska Department of Insurance Director, L. Tim Wagner announced the creation of an insurance availability task force, members of which are various insurance company representatives and insurance producers who will...
NAII Stresses Legal, Competitive Reasons for Use of Credit Information
Feb 4 2002 // Insurance scores provide companies an objective and unbiased underwriting tool, Sam Sorich, vice president and western regional manager of the National Association of Independent Insurers (NAII) explained last week during...
Bill Restricting Credit-Based Scores Would Cause ‘Staggering’ Premium Hike
Feb 1 2002 // According to the National Association of Independent Insurers (NAII), pricing restrictions in pending legislation on insurers’ use of credit-based insurance scores would require low-risk consumers to pay...
Insurers Praise Bush for Focusing On Continuing Threat
Feb 1 2002 // President Bush’s focus on the continuing danger of another terrorist attack should remind Congress that America’s economic security continues to be at risk since no federal terrorism insurance backstop has been...
NAII Urges Terrorism Exclusions for Personal, Commercial Lines
Jan 30 2002 // The National Association of Independent Insurers (NAII) is urging state insurance regulators to consider personal lines exclusions on a case-by-case basis for insurers that demonstrate the potential for solvency problems...
U.K. Insurers Fear Big Losses as Storm Ravages Country
Jan 30 2002 // A violent storm sweeping in off the North Sea over the weekend has left a trail of devastation in Northern England, Wales and Scotland. With wind gusts reaching 120 mph. The storm caused the deaths of 7 persons, halted...
Utah Bill Prohibits Credit-Based Scores from Being ‘Primary’ Reason for Insurers’ Decisions
Jan 29 2002 // A bill prohibiting auto insurers’ use of credit-based insurance scores was modified in a House committee today to say such scores cannot be the “primary” reason for any action by the insurer. The bill...
E&S Lines Basking in the Warm Glow of a Hard Market
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Acordia Uses CoverageConnect Technology to Connect with AIG
Jan 28 2002 // Chicago-based insurance broker Acordia Inc. has announced the installation of a real-time link with AIG using CoverageConnect web-based insurance diagnostic, quoting and binding application software. Acordia has been...
