Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
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...
