Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Terrorist Attack Paralyzes Economy; Insurers Face Largest Catastrophe Ever
Sep 17 2001 // The coordinated terrorist attacks in New York’s lower Manhattan and Washington, D.C., last week targeted indisputable symbols of American prestige and military power: the World Trade Center and the Pentagon. The...
Texas Insurers Estimate 60 Percent Increase in Water and Mold Claims
Sep 17 2001 // New estimates from the insurance industry predict insurer losses from water and mold damage claims will reach $780 million in Texas this year. The figure represents a 60 percent increase over claims from a year...
Study Says Insurers at Risk for Losses from Cyber-Security Breaches
Sep 17 2001 // Sloppy cyber-security practices in the online distribution of policies and services may leave insurers, their business partners and their customers vulnerable to massive losses. In addition, insurers are potentially...
Unique Coverages, A Hard Market Look at How Programs Are Meeting Needs of Challenging Risks
Sep 17 2001 // Underwriting tough risks can be particularly troublesome in a hardening market. Where do you turn when rates skyrocket, exclusions multiply or worse, when carriers begin to shut their doors to classes that no longer...
Insurance Companies Had Major Presence in World Trade Center
Sep 14 2001 // While a myriad of businesses called the Twin Towers of the World Trade Center home, insurance companies were particularly hard hit with Tuesday’s terrorist attack on the 110-story landmarks. The following is a list...
Terrorist Attack Likely to Have Modest Impact on Property Insurers, Weiss Says
Sep 14 2001 // Although Tuesday’s terrorist attack on the World Trade Center building is a terribly tragic event, the impact on the property insurance industry is likely to be modest, according to a preliminary analysis by Weiss...
Insurers Express Sympathy For Attack Victims, Confidence in Coverage
Sep 13 2001 // Insurers from around the world have strongly condemned Tuesday’s terrorist attacks, and have expressed their sympathy for the victims and their families. A number of companies spoke out to affirm that, despite the...
NAII Releases Follow-Up on Insurance Ramifications of Attack
Sep 13 2001 // As rescue efforts continue in lower Manhattan, Washington, D.C., and Pennsylvania, catastrophe teams from property/casualty insurance companies are poised to enter the damaged areas to begin assessing the damage and paying...
CLARIFICATION: Lloyd’s Insurer Cotesworth
Sep 11 2001 // The article concerning Lloyd’s insurer and Managing General Agent Cotesworth & Co., which appeared on this Website September 7th, contained language which could be interpreted to adversely reflect on the...
Conseco Sues Six DO Insurers Over Litigation Coverage
Sep 11 2001 // Conseco Inc. is suing six of its own insurers, claiming they are attempting to dodge legitimate potential claims on directors and officers policies bought by the Indianapolis-based insurer. In its annual 10-Q filing with...
Terrorist Acts Strike New York and Washington
Sep 11 2001 // Terrorists crashed two hijacked planes into the World Trade Center this morning, causing countless deaths and untold damage as the twin 110-story towers collapsed. The crashes occurred minutes apart just before 9 a.m., and...
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...
