Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
XML Provides the Missing Link for SEMCI
May 13 2001 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
UTAH CREDIT SCORING LAW TAKES EFFECT
May 13 2001 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on...
U.K. Government, Insurers To Assume Asbestos Liability
May 11 2001 // The British Government and the country’s insurance industry have agreed to set up a fund to pay the asbestos related claims of Scottish shipyard workers, whose claims payments were threatened when Chester Street...
Acceptance Ins. Cos. Announces Sale of P/C Businesses
May 11 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies to McM Corporation, a...
Study Shows Integration Could Save European Insurers $4.4 Billion
May 10 2001 // A new study by A.T. Kearney, EDS management consulting subsidiary, has concluded that “Europe’s 11 largest insurers could save more than $4.4 billion (5 billion euros) per year by integrating products, services...
Study Says Insurers Can Reduce Claims Settlement Costs Up to 15%
May 10 2001 // Percent According to a recent report entitled “Unlocking the Value in Claims,” by Accenture, a provider of management and technology consulting services and solutions, innovative technology and workforce...
Study Reveals Rising Impact of Asbestos Claims on Insurers
May 8 2001 // According to study released by A.M. Best, property/casualty insurers may end up paying an additional $43.4 billion in asbestos claims over the next 20 years. Added to the $21.6 billion already paid for such claims, that...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
May 7 2001 // U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured property losses from three catastrophic events in the first quarter of this year, according to preliminary estimates from...
Insurer Insolvency: Will Agents Be Held Responsible’
May 7 2001 // Those of us who have been in the insurance business for fifteen years or so can remember when there was a limited number of rating agencies assigning ratings to insurance companies. Today, there are more opinions on...
