Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
External Review of Medical Claims by P/C Insurers Could Raise Premiums
Oct 16 2001 // Requiring property/casualty insurers to have medical treatment claims reviewed by third party examiners is unnecessary, counterproductive and could raise the cost of insurance for Iowa consumers, according to the...
Insurers Pay to Rebuild NY Amidst More Fraud Warnings
Oct 15 2001 // While State and Federal Funds will be called upon to help rebuild lower Manhattan after September’s terrorist attacks, the insurance industry is already at work to help thousands of businesses and individuals begin...
Penn Insurer Settles Discrimination Claims
Oct 15 2001 // Phildelphia-United Life Insurance Co. of Bala Cynwyd has reached agreement with the Pennsylvania Insurance Dept. over claims of discrimination lodged by African-American policyholders and their families that the company...
WTC Developer in Search of $7.2 Billion from Insurer
Oct 15 2001 // The developer who had control of the World Trade Center at the time of the Sept. 11 attacks is seeking $7.2 billion from his insurers, double his $3.6 billion in coverage. World Trade Center leaseholder Larry Silverstein...
U.S. Insurers Draft Proposal for $10 Billion Government-Backed Insurance Pool
Oct 15 2001 // U.S. insurers completed a draft proposal on Oct. 10 for a $10 billion government-backed insurance pool that they hope will protect them from further terror attacks after the destruction of the World Trade...
Financial Toll Mounts From Sept. 11 Tragedy, Lessons Emerge
Oct 15 2001 // The financial and human losses from the events of Sept. 11 continue to haunt insurance companies across the country and for that matter, the world. Following the tragedies that impacted New York City, Washington, D.C., and...
New Focus On Business Interruptions Coverage
Oct 15 2001 // The destruction of the twin towers of New York’s World Trade Center and the sealing off of a large portion of lower Manhattan brought hundreds of business activities to a standstill, from the local newsstand to giant...
A Profound Challenge of Many Facets
Oct 15 2001 // The search for a metaphor has proved fruitless. How would you begin to describe the huge challenge facing the insurance industry after an event for which any description is inadequate? All the industry has to do, at once...
Holocaust Reporting Law Ruled Unconstitutional
Oct 12 2001 // A California law requiring that insurance companies turn over information related to European insurance policies or face loss of their licenses has been ruled an unconstitutional violation of due process, according to the...
Global Insurers Acknowledge Increased Exposures from Attacks
Oct 10 2001 // A number of global insurers/reinsurers have acknowledged greater exposure to claims related to the destruction of the World Trade Center, with increased estimates for the amount they expect to pay out. The total cost to...
Nevada Insurer Ordered to Stop Sales in Texas
Oct 10 2001 // State insurance regulators have ordered a Nevada insurance company to stop selling health policies and collecting premiums in Texas, after learning that the company had not been paying medical claims. According to a report...
Retreating Insurers Create Turmoil in the Texas HO Market
Oct 8 2001 // Despite efforts by the Texas Department of Insurance to stabilize the homeowners insurance market in the state, property/casualty insurers are bailing out of the Texas market or scaling back coverage, at least temporarily,...
A Look at Invoking War Exclusions
Oct 8 2001 // The destruction of the World Trade Center on Sept. 11, was a disaster from a variety of points of view. President Bush is right: it was the embodiment of evil, as are most terrorist attacks on civilians. It is also a...
Lloyd’s Estimates U.S. Disaster Losses at$1.91 Billion
Oct 8 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, finally released its projected loss figures from the disastrous events of Sept. 11. According to the calculations from over 100 syndicates, net...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
New Focus on Business Interruptions Coverage
Oct 8 2001 // The destruction of the twin towers of New York’s World Trade Center and the sealing off of a large portion of lower Manhattan brought hundreds of business activities to a standstill, from the local newsstand to giant...
What About the ‘Next Big Hit”
Oct 8 2001 // Time and distance have a way of muting the painful impact of horrifying events and focusing attention on the practical matters of coping with the aftermath. The Sept. 11 tragedies are no exception. And while we are barely...
Fitch Affirms USAA Insurer Financial Strength Ratings, Assigns Debt Ratings To USAA Capital
Oct 8 2001 // Fitch affirmed the “AAA” insurer financial strength rating of San Antonio-based United Services Automobile Association (USAA), and assigned an “AA+” long-term issuer rating and medium-term note...
Financial, Human Losses Grow from Sept. 11 Tragedies
Oct 8 2001 // The financial and human losses from the events of Sept. 11 continue to haunt insurance companies at home and around world. Insurers have been assessing the impact and are beginning to pay claims with an as yet undetermined...
A Profound Challenge of Many Facets
Oct 8 2001 // The search for a metaphor has proved fruitless. How would you begin to describe the huge challenge facing the insurance industry after an event for which any description is inadequate? All the industry has to do, at once...
