Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
NAMIC Unveils Recommendations for Analytical Approach to Market Regulation
Mar 18 2002 // The National Association of Mutual Insurance Companies (NAMIC) will propose 12 market regulation recommendations that state insurance regulators should incorporate as they develop a more analytical approach to market...
Insurers’ Efforts to Protect Consumers Partially Successful in Utah Legislative Session
Mar 18 2002 // Insurers’ major efforts in the recently concluded Utah legislative session were devoted to benefiting consumers by preserving the use of credit-based insurance scores and to soften harmful aspects of other bills....
Three Insurers Join Trusted Choice National Branding Initiative
Mar 15 2002 // Ohio-based Central Insurance Companies, California Insurance Group and Cascade National Insurance, all regional insurance providers, are the newest company partners for Trusted ChoiceSM—the Independent Insurance...
NAII Testifies In Opposition to Calif. Accident History Regulation Proposal
Mar 15 2002 // A proposed regulation that would restrict an insurance company’s access to information about accident history would make it difficult for California carriers to be certain that an individual is entitled to a good...
PA Trial Lawyers Attack Medical Society Links with Med Mal Insurer
Mar 13 2002 // As the battle over medical malpractice insurance reform resumes in Harrisburg, the Pennsylvania Trial Lawyers Association (PTLA) issued a press release which revealed that the Pennsylvania Medical Society (PMS) controlled...
P&C Insurers Find 2001 Most Expensive Year
Mar 13 2002 // According to a report released by the Insurance Services Office (ISO), U.S. property and casualty insurers paid $24 billion in claims for 2001—the largest amount ever—mainly a result of the terrorist attacks on...
OPTIS Partners Formed to Help Agencies and Insurers Optimize Performance and Financial Results
Mar 12 2002 // OPTIS Partners, LLC, a consulting firm that works with agencies, brokers and insurers to optimize performance and financial results, has been formed by four of the industry’s most experienced senior...
Proposed N.J. Regulation Offers Relief on Excess Profit Rule
Mar 11 2002 // The New Jersey Department of Banking and Insurance is proposing a regulation (PRN2002-103) that would change the way insurers calculate profits on personal automobile insurance. New Jersey statutes establish a reasonable...
Utah Legislature Passes Bill Allowing Credit-Based Scores for Underwriting and Discounts
Mar 11 2002 // Legislative action was completed March 6 on Utah House Bill 110 after the bill was amended to allow insurers to use credit-based insurance scores for initial underwriting in auto insurance. On rates, the bill still allows...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
INSURERS WANT OUT OF ENRON CONTRACTS
Mar 11 2002 // Eleven major insurers are trying to find a way out of their respective Enron-related contracts to avoid potentially huge payouts related to the former energy giant’s collapse. The companies cite deception with...
Revolution or Evolution’ The Internet Goes Mainstream
Mar 11 2002 // At last, the gap between potential and reality is shrinking as agents explore their online options. The insurance industry is notoriously reluctant to change. So it was little surprise that the Internet—a tool that has...
AIG Wants End to FAA’s War-Risk Coverage for Airlines
Mar 11 2002 // Maurice Greenberg, chairman and CEO of American International Group Inc., has undertaken efforts to persuade the Federal Aviation Administration to stop providing war-risk insurance for ground damage to U.S. airlines,...
Revolution or Evolution’ The Internet Goes Mainstream
Mar 11 2002 // At last, the gap between potential and reality is shrinking as agents explore their online options. The insurance industry is notoriously reluctant to change. So it was little surprise that the Internet—a tool that has...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
NAPSLO Mid-Year Meeting Largest in Association’s History
Mar 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) held its mid-year meeting Feb. 24-27 in San Antonio, Texas—the largest such meeting in the history of the association. Originally scheduled for last...
PEMCO Insurance Ad Campaign Largest Undertaken by Wash. State Insurer
Mar 8 2002 // PEMCO Insurance has launched its largest advertising campaign to date this week in a series that focuses on the merits and challenges of personal responsibility. The campaign includes television commercials, print ads,...
NAII Says Territorial Rating Ban Would Increase Premiums for Most Md. Drivers
Mar 7 2002 // In yet another attempt to limit an insurer’s ability to accurately assess risk in Maryland, the House Economic Matters Committee is considering eliminating the use of geographic location as a rating factor in...
Wash. Bill Restricting Credit-Based Scores Awaits Gov.’s Signature
Mar 7 2002 // The state Senate has passed legislation restricting insurers’ use of credit-based insurance scores in Washington. House Bill 2544 passed the Senate March 4 by a 36 to 11 vote and now goes to Gov. Gary Locke, a...
NAII Claims Mo. Rule to License Adjusters after a Disaster Still Falls Short
Mar 6 2002 // A revised proposed state regulation on licensing insurance adjusters after a catastrophe again falls short of protecting Missouri consumers according to the National Association of Independent Insurers (NAII). NAII Counsel...
