Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Media Liability Claims: Tricky, Expensive and Evolving
Aug 13 2001 // Oprah Winfrey may be the queen of talk show TV and the ruler of her own media/entertainment universe, but that didn’t keep her from being dragged into court, accused of libeling the beef industry in one of the most...
Commentary: Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 13 2001 // In the short term, it’s extremely difficult to predict whether a stock will go up or down. The many factors involved are open to widely varied interpretations. Trends in a given sector can be spotted over time, but...
AIA Disagrees with NY Assembly’s Refusal to Extend Insurance Laws
Aug 9 2001 // The New York State Assembly’s decision to allow crucial sections of the state insurance law to expire is bad news for consumers, according to the American Insurance Association (AIA). These actions cancel the few...
Insurers to Pay Out $99.25M for Crane Accident
Aug 9 2001 // A Milwaukee judge’s ruling decreed that five insurers of the Miller Park construction project are liable to pay $99.25 million in damages from a crane accident that killed three ironworkers, according to an...
Insurers To Be Reimbursed for Cerro Grande Fire Claims
Aug 9 2001 // The federal government is working to reimburse insurance companies for all claims they paid to their customers for damage caused by the Cerro Grande fires in New Mexico last year. Payments are expected to begin in January...
ERIE Selects DWL to Provide Transactional
Aug 8 2001 // DWL Incorporated, a provider of transactional e-solutions, announced Erie Insurance Group has selected its solution. DWL will provide ERIE with industry-specific portals and a transactional CRM application to create a...
Calif. Commissioner Calls for Community Investment Goal
Aug 8 2001 // California Insurance Commissioner Harry W. Low has called on insurance companies doing business in California to invest in low-income communities. Low also asked insurance companies to establish an annual community...
Mediator Named in Mold Case; Farmers Pulls Plugon HO-B Policies
Aug 6 2001 // A Travis County judge has named Austin lawyer and former Texas Supreme Court candidate Karl Bayer to mediate a settlement in a mold-related lawsuit in which the jury slapped Farmers Insurance Group with a $32 million...
Trade Associations React to AIA’s Support of Federal Chartering
Aug 6 2001 // The Alliance of American Insurers, the NAII and the NAMIC are among industry trade associations that have publicly reacted to the American Insurance Association’s (AIA) endorsement of an optional federal chartering...
