Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AUGIE Aids in Survey to Determine Needs of Agents
Nov 27 2001 // The ACORD User Groups Information Exchange (AUGIE) has been working with insurance companies, vendors and the national agency management system user groups to develop a comprehensive survey in an effort to determine what...
CA Supreme Court Reaffirms: 7 Years After Northridge, Insurers Can Be Sued
Nov 26 2001 // The California Supreme Court recently upheld the new law that insurance companies can be sued for their failure to cover damage that their adjusters mistakenly overlooked, even when the legal deadlines for such lawsuits...
Are Insurers Really Asking the Governmentfor Help’
Nov 26 2001 // The term “Big Brother” has been tossed around casually since George Orwell introduced the term to the world in his novel, 1984. The concept of big government looking over the shoulder and into the bedrooms of...
Is an ’80s Revival in Store for Public Entities
Nov 26 2001 // The insurance market for pubic entities—municipalities, counties, school districts, etc.—seems to be headed for an ’80s revival, but unfortunately nostalgia can’t be attributed as the driving force. This...
Warrantech Corp. Enters Letter for Payment of Certain Reliance Claims
Nov 21 2001 // Warrantech Corporation, a provider for providing service contracts and aftermarket warranties has entered into a letter of intent with its current insurance company for a financial arrangement that will allow Warrantech...
SEEC Inc. Introduces Solution for industry
Nov 21 2001 // SEEC, Inc., a provider of business-to-business solutions for insurance and other industries, has introduced Axcess(TM) for Insurance, an agent self-service solution that allows a carrier’s agents to quote, underwrite...
NAII Encourages Calif. Supreme Court to Protect Insurers’ Competitive Edge
Nov 19 2001 // Two conflicting California appellate court decisions have insurers questioning whether the community service statements they must file are subject to public disclosure rules under the California Public Records Act. At...
NYSID, Insurers To Hold Forum on WTC Claims
Nov 19 2001 // The New York State Insurance Department and a number of leading insurance companies will hold an information forum for residents and business owners affected by the World Trade Center disaster at 6:00 PM today in The...
Gerald Fels Elected President, COO, CFO of Insurers Commerce and Citation
Nov 19 2001 // The Directors of the Commerce Insurance Co. and Citation Insurance Co., the Massachusetts-based subsidiaries of Commerce Group, Inc. have elected Gerald Fels as President, COO and CFO. Fels, a 26-year veteran with...
Insurers Seek Permission From State Regulators to Exclude Terrorism
Nov 19 2001 // In the wake of the Sept. 11 terrorism attacks, insurance companies have begun seeking permission from state regulators to exclude terrorism coverage from a number of policies in 2002, including home, auto and life....
Silverstein Claims Pair of Losses in WTC Disaster
Nov 19 2001 // The man who held the master lease on the World Trade Center is standing by his claim that the loss of the Twin Towers on Sept. 11 was two losses, not one, despite the call by insurer Swiss Re that there was only one loss...
Insuring Nonprofits as Markets Harden
Nov 19 2001 // As recession looms and claims costs associated with the terrorist attacks on September 11 add up, insurance markets are beginning to harden for the first time in nearly a decade. Many major property and casualty carriers,...
Is an 80s Revival in Store for Public Entities’
Nov 19 2001 // The insurance market for pubic entities—municipalities, counties, school districts, etc.—seems to be headed for an ’80s revival, but unfortunately nostalgia can’t be attributed as the driving force. This...
Are Insurers Really Asking the Government for Help’
Nov 19 2001 // The term “Big Brother” has been tossed around casually since George Orwell introduced the term to the world in his novel, 1984. The concept of big government looking over the shoulder and into the bedrooms of...
Insurers Warn Companies of Cancellations
Nov 15 2001 // Insurers have started warning thousands of companies that policies will be canceled in 45 days, as Congress remains deadlocked over how to help the industry survive any huge claims resulting from terrorism, according to a...
American Airlines Crash Another Blow to Insurers
Nov 14 2001 // Insurance companies reportedly face $200 million in claims from the New York City plane crash on Nov. 12, an unwelcome blow for insurers still struggling with major losses from the Sept. 11 attacks. According to Reuters...
S&P Indicates U.S. Insurers Have Minimal Exposure to Argentine Default
Nov 13 2001 // As Argentina’s debt crisis continues to deepen, international credit rating agency Standard & Poor’s issued a statement indicating that “U.S. insurers have negligible exposure to further defaults by...
S&P: Company Ratings Could Suffer in Federal-State Squeeze on Terrorism Risk
Nov 13 2001 // Commercial insurers face a potentially untenable situation if the federal government fails to pass legislation that would help cushion terrorism costs to the industry by the end of November, and if state insurance...
Financial Keyosk Allows Agents to Tap Into Sales of Financial Services
Nov 12 2001 // Financial Keyosk, a growing online financial services solution providing assistance to agents, has come on the scene with the goal of helping agents obtain carrier markets, expand products and make their businesses run...
The View from Up There-Insurers Embrace Space Age Technologies
Nov 12 2001 // The key witness in a recent crop fraud case turned out to be a camera. In June 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately...
