Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
NAII Comments on Terrorist Attacks
Sep 11 2001 // The airline disasters in New York City, Pittsburgh and Washington, D.C. have taken an incalculable toll of human lives. The National Association of Independent Insurers (NAII) has three member companies headquartered in...
Fear of the Unknown–The Mold Issue Raises More Questions Than Answers (Part II) By Catherine Tapia
Sep 10 2001 // By Catherine Tapia This is the second installation of a two-part series dealing with the rising issue of toxic mold claims, which continues its exploration of specific mold-related lawsuits in California: determining...
Construction Defect, Mold Issues Considered During Last Days of Calif. Session
Sep 10 2001 // The last day of the 2001 California legislative session, Sept. 14, is rapidly drawing near. Among the remaining bills whose fate hangs in the balance are two which, if passed, would have varying degrees of impact on...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 10 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Meeting Volume Requirements Presents a Challenge for Agents
Sep 10 2001 // Independent agents who have been in the business for several decades will say that insurance company-mandated volume requirements have been around as long as they can remember. Most will also admit that the practice makes...
Surplus Lines Market Shows Growth Despite Sluggish Economy
Sep 10 2001 // From all accounts, the surplus lines market is alive and well in the United States despite an economy which continues to sputter in many sectors. Numbers from the Surplus Line Association (SLA) of California,...
Fear of the Unknown-The Mold Issue Raises More Questions Than Answers
Sep 10 2001 // Editor’s Note: This is the second installation of a two-part series dealing with the rising issue of toxic mold claims. See IJ, Aug. 27, 2001, for Part I. Part II Determining causation A major aspect of the ongoing...
Assessing Property/Casualty Insolvency Exposure-2001 to 2002
Sep 10 2001 // There will be no more than 65 property/casualty insurance company insolvencies over the period Jan. 1, 2001, through Dec. 31, 2002, according to Demotech Inc. Demotech Inc., a Columbus, Ohio-based financial analysis and...
8 INSURERS FEEL FIRE RISKS
Sep 10 2001 // In seven western fire-prone states, eight large property and casualty insurers are exposed to 74.5 percent of the home insurance risk, according to a recent analysis by Weiss Ratings Inc. States ranked by acres burned from...
2 Bankers Carriers Receive ‘A’
Sep 10 2001 // First Community Insurance Company and Bankers Security Insurance Company, both multi-line property/casualty carriers writing personal and commercial insurance in all 50 states, have received an “A” rating from...
Lloyd’s Insurers Facing Loss Crisis
Sep 7 2001 // Lloyd’s recent announcement of projected 1999 losses in the $2 billion range (see IJ Website, Aug. 30) is beginning to have a more immediate impact on some of its insurance syndicates. Yesterday Cotesworth &...
Unpaid Winners Sue Conn. Insurer for Default
Sep 6 2001 // According to an article distributed by the Associated Press, no fewer than five lawsuits have been brought against Conn.-based insurer Golf Marketing, for failing to pay off the winners in a number of promotional...
TDI Considers Regulations for Insurance-by-the-Mile
Sep 3 2001 // The Texas Legislature authorized insurance-by-the-mile-based auto insurance coverage during this year’s session with the passage of House Bill (HB) 45 and the Texas Department of Insurance (TDI) is now hard at work...
2000 Market Share For Insurers in Texas
Sep 3 2001 // The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the...
2000 Surplus Lines Premium Report
Sep 3 2001 // Processing at the Surplus Lines Stamping Office of Texas this year confirms what underwriters, agents, and risk managers already know – the hardening of the Property/Casualty market continues. Through August, the...
TDI’s Montemayor Cautions Against Overreaction on Mold Issues
Sep 3 2001 // Texas Department of Insurance Commissioner José Montemayor is urging both insurers and consumers to avoid overreacting to issues concerning insurance coverage for mold. He said patience was needed as solutions are being...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Are Producers Always the Agents of Insurers’
Sep 3 2001 // Texas has a statute, section 21.02 of the Insurance Code, which makes insurance intermediaries the legal agents of carriers for many purposes. Lots of people believe producers are always the agents of insurers with respect...
Queensway Announces Developments in Argonaut Deal, Revised Sales Process
Aug 31 2001 // Ernst & Young Inc., the Interim Receiver of Queensway Financial Holdings Limited (Queensway), announced that the agreement between the Argonaut Group Inc. and Queensway for the purchase and sale of North Pointe...
Calif. Bill Could Threaten Investigation of Insurance Fraud
Aug 31 2001 // According to the National Association of Independent Insurers (NAII), California Assembly members are poised to vote on a bill that would “hamstring” insurers’ ability to conduct investigations when they...
