Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Slow to Meet State Auto Liability Reporting Requirements
Aug 29 2001 // It doesn’t matter how much advance notice they get from the state motor vehicle departments — many insurance companies hold off until the last minute before considering how they will comply with automobile...
S&P Says Japanese Banks, Insurers Are Within Tolerance Levels
Aug 28 2001 // Standard & Poor’s addressed the recent weakness in the Japanese stock market, stating that “the current level of Japanese stock prices is within the tolerance of its counterparty ratings on Japanese banks...
Weiss Says 8 Insurers Are Exposed to 74.5% of Homeowners Risk in Western Fire-Prone States
Aug 28 2001 // In seven western fire-prone states, just 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., a provider of independent...
Insurers Show Positive Aspects of Using Credit Scores
Aug 28 2001 // Positive aspects of how the use of credit scores in insurance underwriting benefits consumers were demonstrated to Colorado state legislators this week. Among the points presented at a financial responsibility forum...
Politics Can Lead to Bumps in the Road for Auto Insurance
Aug 27 2001 // Overregulation in the auto insurance industry may be an accident that has already happened in some states; but regulators can look to other states as examples of how regulatory requirements can be uniform and yet flexible...
Asbestos Claims: ‘The Shroud’ Over the Industry
Aug 27 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Missouri Now Allows Non-Resident Surplus Lines Insurers
Aug 24 2001 // A new law going into effect Aug. 28 repeals the state residency requirement for surplus lines insurers in Missouri. The law, enacted as Senate Bill 605, allows the director of insurance to issue surplus lines licenses to...
Booz-Allen Survey Reveals Gap Between Internet Insurance Offerings and Customer Needs August 24, 20
Aug 24 2001 // Despite explosive growth in traffic, many insurance Internet sites fail to measure up to competing bank and brokerage sites, according to a recent eInsurance study by Booz-Allen & Hamilton, a worldwide management and...
AIA Defends California’s Competitive Rate Law
Aug 23 2001 // California Insurance Commissioner Harry Low’s call for legislative changes to California’s competitive rate law is unwarranted, according to the American Insurance Association (AIA). AIA’s analysis shows...
London Insurers Win Chicago Flood Appeal
Aug 20 2001 // The decision on August 10th by the 7th Circuit Court of Appeals in favor of Lloyd’s and other London-based underwriters found them not liable for an additional $100 million in settlement payments arising from...
Insurer Files Cell Phone Coverage Lawsuits
Aug 20 2001 // According to Mealy Publications, a trio of insurance coverage lawsuits related to cell phone personal injury litigation have been filed in recent weeks. Zurich-American Insurance Co. on July 23 filed actions in New York...
Fewer Storms in 2Q Amount to Big Losses for Insurers
Aug 20 2001 // Sometimes less does mean more. While there were fewer catastrophes for the second quarter of 2001 compared to recent years, the damage that those left in their wake was enough to send a number of insurers scrambling to...
Microsoft’s ‘Virtual Team’ Takes Insurance to the Fast Track
Aug 20 2001 // It’s the twelfth round, and the technology industry has been badly battered—but it’s still in the ring and on its feet. Participants in the new economy that have held on thus far are forging ahead, priorities...
Asbestos Claims: ‘The Shroud Over the Industry’
Aug 20 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Workers’ Compensation Lawsuit Given Class Action Status
Aug 20 2001 // Houston-based U.S. District Judge David Hittner issued a ruling Aug. 8 conferring class action status on a lawsuit involving claims of overcharging for workers’ compensation coverage by Reliance National Indemnity...
Hardening Market Heralds Rush to Alternatives
Aug 20 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Sagent Unveils Fire Protection Classification Application
Aug 15 2001 // Sagent Technology Inc., a provider of business intelligence solutions, unveiled its fire protection classification application for property and casualty insurers. According to the company, the system, which utilizes...
Report Says Top Insurers Embracing Web for Agent and Policyholder Communication
Aug 14 2001 // Top U.S. insurers are turning to the web to reduce communication costs with both agents and policyholders, says a new report titled “U.S. Insurance & the Web: An Overview” published by Celent...
Microsoft’s ‘Virtual Team’ Takes Insurance to the Fast Track
Aug 13 2001 // It’s the twelfth round, and the technology industry has been badly battered—but it’s still in the ring and on its feet. Participants in the new economy that have held on thus far are forging ahead, priorities...
INSURERS PAYING POT CLAIMS
Aug 13 2001 // According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the...
