Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
NAII Calls Defeat of Privacy Bill Victory for Calif. Consumers
Jun 5 2001 // Financial privacy legislation that would have limited services to policyholders and increased costs for insurers failed to reach a majority vote Wednesday in California’s Assembly Banking & Finance Committee. At...
State Fund To Become Texas Mutual Insurance Company
Jun 4 2001 // The Texas Workers’ Compensation Insurance Fund will become the Texas Mutual Insurance Company Sept. 1 if Gov. Rick Perry signs the bill authorizing the change. The governor has 20 days from the Legislature’s...
NAMIC Endorses Increase of Small Company Tax Exemption
Jun 4 2001 // The country’s smallest, mostly rural, insurance companies would receive a tax benefit if federal legislation introduced recently becomes law. Reps. Jim Nussle, R-Iowa; Jim Ramstad, R-Minn.; and Earl Pomeroy, D-N.D.;...
Article 21.55: Reason Prevails
Jun 4 2001 // For a generation, or so, courts around the country have thought that contract law was insufficient to regulate the claims conduct of insurance companies. Consequently, the common law of insurer bad faith has been created....
Texas Commissioner Warns HMOs, Insurers About Slow Payments
Jun 4 2001 // Texas Department of Insurance Commissioner José Montemayor issued a bulletin on May 21 warning HMOs and health insurance companies that they risk disciplinary actions if they violate state laws concerning prompt payment...
Bill on Insurer Use of Credit Passes Illinois Legislature
Jun 1 2001 // A bill that clarifies insurers’ use of consumer credit reports in underwriting has passed the Illinois General Assembly and is expected to be signed by the Governor. The American Insurance Association (AIA) worked...
Court Grants Penn. Department’s Petition to Place Reliance Ins. Co. in Rehabilitation
May 31 2001 // Pennsylvania Insurance Commissioner M. Diane Koken announced that the Commonwealth Court of Pennsylvania had granted the Insurance Department’s request to place financially troubled Reliance Insurance Company into...
Symons International Group to Sell Crop Insurance Assets to Acceptance Insurance Cos.
May 30 2001 // Symons International Group, Inc., a nonstandard automobile insurer, and Acceptance Insurance Companies Inc. signed a definitive agreement for American Agrisurance® and other Acceptance affiliates to purchase the crop...
NAMIC Endorses Increase of Small Company Tax Exemption
May 29 2001 // According to National Association of Mutual Insurance Companies (NAMIC), the country’s smallest, mostly rural, insurance companies would receive a tax benefit if legislation introduced recently in the House of...
Acceptance Insurance Companies Inc. Acquires Assets
May 29 2001 // Acceptance Insurance Companies Inc. and IGF Insurance Company came to terms on a definitive agreement for American Agrinsurance and other Acceptance affiliates to buy the crop insurance assets of IGF Insurance Company for...
Japanese Insurer Offers World Cup Coverage
May 28 2001 // Soccer football’s World Cup, scheduled to take place in Japan and Korea next year, is arguably the world’s biggest sporting event, but unfortunately unruly soccer fans, dubbed “hooligans” after...
NAII Survey Reveals Insurers Use Internet to Enhance Customer Service
May 25 2001 // According to the results of a recent study, property/casualty insurers are no longer using the Internet to simply provide information to customers and prospective policyholders, they are using the web to offer clients and...
European Insurer Hit with Lawsuit Regarding Holocaust Claims
May 22 2001 // A lawsuit filed last week in Los Angeles Superior Court on behalf of an 89-year-old Holocaust-era survivor, Felicia Spirer Haberfeld of Los Angeles, alleges that the European insurer Assicurazioni Generali is sending...
Gomez Study Identifies Consumer Adoption Trends for P/C Insurers
May 21 2001 // The Internet delivery of property and casualty insurance products and services is approaching the mainstream, according to a consumer research study released by Gomez Inc., an Internet quality measurement firm. The study...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
BrokersPortal Restructures, Aims to Get Insurers on Board
May 21 2001 // Contrary to some rumors, BrokersPortal is not going out of business. It is, however, taking on a new look as it restructures operations and positions itself to be a major player. With a new investor and a new company on...
The Case of the Empty Coffin
May 21 2001 // The Criminal Investigations Branch Investigators of the California Department of Insurance (CDI) announced a successful conclusion to a complicated investigation after a father and daughter Raul Eduardo Pero, aka Paul...
Citigroup’s Acquisition of Mexico’s Banacci Affects Insurers
May 18 2001 // Yesterday’s announcement that Citigroup will acquire Mexico’s second largest financial group, Grupo Financiero Banamex Accival, popularly known as “Banacci,” for $12.5 billion in cash and stock,...
ACE USA, Gramercy Insurance Company Develop Reinsurance Agreement
May 16 2001 // ACE USA, a member of the ACE Group of Insurance and Reinsurance Companies announced a partnership with Dallas and Atlanta-based specialty insurance carrier, Gramercy Insurance Company. The partnership centers on a...
How Agents Won on the Web, Four Web Venture Profiles
May 14 2001 // A century ago, agents found customers where they gathered—at church, their place of business or the local watering hole downtown. This marketing strategy still works today—only now many agents are going through...
