Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Levin Monitoring Insurance Carrier Conduct in Home Evacuations
Mar 14 2001 // The New York State Insurance Department is monitoring the conduct of insurance companies involved in home evacuations in Briarwood, New York where the homes were sinking. Five families in Briarwood have been evacuated from...
Workers’ Comp Insurers Suffer 86 Percent Profit Decline Since 1998
Mar 8 2001 // The nation’s workers’ compensation insurers suffered an 86 percent decline in profits, to $144 million during the first nine months of 2000 from a $1 billion peak during the same period in 1998, according to...
British Life Insurer Cuts 2,000 Jobs
Mar 7 2001 // Britannic is to cut more than 40 percent of its workforce, with 2,000 positions coming from the Britannic Assurance arm. The company blamed the cuts on a growth in red tape and the end of the UK’s jobs-for-life...
Homeowner MAP Barely Breathing
Mar 5 2001 // In September of 1994, a busload of insurance industry members, legislators and business folks toured some of inner city Houston to see what Democratic Sen. Rodney Ellis saw in his district. Insurable houses. That’s...
Visions Clear for NAFTA Insurance
Mar 5 2001 // The media reports have died down since the Feb. 6 ruling that the United States was in violation of the North American Free Trade Agreement by disallowing Mexican trucks free access to American roadways. The work has just...
From Pin Maps to the World Wide Web
Mar 5 2001 // Since the 1800s, the insurance industry has used technology to track and control catastrophic exposures. Insurers first used mapping after companies were hit by major fires in cities such as Boston, Chicago and...
P/C Insurers’ Web Efforts Lacking Strategy, Conning Study Says
Mar 5 2001 // A new Conning & Co. study reports that the majority of property/casualty insurers did not have a guiding Internet strategy when developing their websites and only a few insurers use the Internet effectively to...
Paying for Holocaust Insurance Claims
Mar 5 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
Agent Commission on Insanity is Nuts
Mar 5 2001 // “How’s business?” “Don’t ask.” “What’s wrong?” “You’ve heard of underwriting?” “I’m familiar with the concept.” “Well,...
Insurers Face Minimal Impact from U.K. Foot-and- Mouth Outbreak
Feb 28 2001 // Farmers in Britain and continental Europe are facing extremely serious consequences following the outbreak of the highly contagious foot-and-mouth disease in the U.K. Herds of cattle, sheep and pigs have been slaughtered...
U.K. Insurers’ Results To Reflect Rate Upturn, Storm Losses
Feb 26 2001 // Despite last week’s announcement by CGNU, the U.K. ‘s largest insurer, that net operating profit would be affected by damage claims from November’s storms, analysts expect Legal & General and Royal...
Acquisitions Boost Insurer Profits
Feb 26 2001 // Jardine Lloyd Thompson profits increased by 12 percent last year, helped by the acquisitions it made to bolster its business. JLT bought Burke Ford Group, a UK retail and employee benefits broker, as well as Abbey...
Court Rules Against State Fund in Schaefer Ambulance Case
Feb 26 2001 // Seven years after an initial lawsuit was filed, the California Supreme Court made a ruling unfavorable to the California State Compensation Insurance Fund (SCIF) in the case of State Compensation Insurance Fund,...
Agent Commission on Insanity is Nuts
Feb 26 2001 // “How’s business?” “Don’t ask.” “What’s wrong?” “You’ve heard of underwriting?” “I’m familiar with the concept.” “Well,...
States Strive for Consistency in Complying with New Privacy Provisions
Feb 26 2001 // The 2001 state legislative sessions are off and running. Among the more pressing challenges this year for a number of insurance commissioners and lawmakers is reaching compliance with the privacy provisions of the...
Storms Expected to Pall Insurer’s Results
Feb 23 2001 // CGNU is expected to report next Tuesday pre-tax operating profit of between 1.2 and 1.4 billion pounds, compared to a pro forma 1.534 billion pounds ($2.22 billion) last time. The group was created through the merger of...
Madison, Wis., Insurer Closes Nine Offices
Feb 23 2001 // Madison, Wis.-based American Family Insurance Group, the nation’s ninth largest property casualty insurer, will close nine claims offices across the country and eliminate 202 jobs in an effort to be more...
Insurer Chooses Agents Over Web
Feb 23 2001 // Ohio Casualty Corp. of Fairfield, Ohio, is abandoning its web-based Avomark brand direct personal lines auto marketing in favor of an independent agent sales force. Dan R. Carmichael, Ohio Casualty’s new president...
P/C Insurers’ Web Efforts Lacking Strategy
Feb 22 2001 // A new Conning & Co. study reports that the majority of property/casualty insurers did not have a guiding Internet strategy when developing their web sites and only a few insurers use the Internet effectively to...
Indianapolis Insurance Company Faces Scrutiny over Annuity Sales Practices
Feb 21 2001 // American United Life Insurance Co. is denying charges by the National Association of Securities Dealers it has used “misleading and unbalanced” sales literature to sell variable annuities. The...
