Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Oregon Court Decision Forces Insurers to Change Auto Policy Language
May 7 2001 // The Oregon Supreme Court is at it again, although on a much smaller scale. Less than two years after the Oregon high court called into question the validity of every ex-clusion in an insurance policy with its decision in...
Alliance of American Insurers Supports “Thoughtful Approach” to Ergonomic Rule
May 1 2001 // In regards to the ergonomic hearing held yesterday by the Senate Appropriations Subcommittee on Labor, Health and Human Service, the Alliance of American Insurers called for a thoughtful and practical approach to creating...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
Apr 30 2001 // U.S. property/casualty insurers will pay homeowners and businesses in Texas $65 million for insured property losses from catastrophic events in the first quarter of this year. Only Washington and Mississippi incurred...
TDI HALTS DAILY WATCH OF INSURER
Apr 30 2001 // PacifiCare Health Systems Inc. is no longer under the daily scrutiny of the Texas Department of Insurance after the insurer agreed to a corrective action plan and follow-up conversations. PacifiCare has committed to...
Chase Settles Suit Over Failed Offshore Insurer
Apr 30 2001 // Chase Bank of Texas N.A. has agreed to pay $3 million to settle charges that it failed to warn regulators about a worthless policyholder trust account it set up for an allegedly fraudulent offshore insurer that collapsed...
Scottish Insurer Plans Bermuda Move
Apr 24 2001 // Scottish Annuity & Life Holdings Ltd. announced that it’s planning on moving “its corporate and international reinsurance operations” to Bermuda” from their present location in the Cayman...
ISO Predicts Insurers Will Pay $705 Million in
Apr 21 2001 // According to preliminary estimates from the Insurance Services Office Inc’s (ISO) Property Claim Services (PCS) unit, U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured...
CompUSA Insurer Battles Claim Award
Apr 17 2001 // Federal Insurance Company, an insurer of CompUSA and that company’s former head James Hapin, filed a lawsuit in Dallas, Tex., in which the insuere stated it will not pay Halpin’s share a $454 million jury award...
Insurers Sound Off About Rate & Form Filing
Apr 16 2001 // In the summer of 2000, a survey on rate and form filings procedures implemented by state insurance departments was sent to the National Association of Independent Insurers (NAII) membership. This survey was conducted in...
Three Big Carriers Join Forces to Launch Web-Based Agency
Apr 16 2001 // American International Group Inc., Kemper Insurance Companies and Prudential Insurance Company of America recently announced plans of a joint venture called Fusura, a web-based insurance agency that will allow consumers to...
General Casualty Acquires Sixth Regional Insurance Company
Apr 9 2001 // Officials of Sun Prairie, Wis.-based General Casualty Insurance Companies announced the acquisition of Blue Ridge Insurance Company, headquartered in Simsbury, Conn. With this acquisition, Blue Ridge became General...
Oregon Hopes ‘Fleming Fix’ Will Clear the Clutter
Apr 9 2001 // To the nearly endless list of issues over which trial lawyers and insurance companies have waged legal battles, we can now add… Point sizes and capitalization? Fortunately for the insurance industry, Oregon’s...
Australian Insurer HIH Seeks Bankruptcy Protection as Losses Mount
Apr 9 2001 // HIH Insurance Ltd., following in the footsteps of ReAC and GIO, became the latest Australian insurance company to be forced to the wall by mounting losses. Rumored to be in deep trouble for the last six months, the...
Three Big Carriers Join Forces to Launch Web-Based Agency
Apr 9 2001 // American International Group Inc. (AIG), Kemper Insurance Companies and Prudential Insurance Company of America recently announced plans of a joint venture called Fusura, an innovative web-based insurance agency that will...
Insurers Sound Off About Rate & Form Filing
Apr 9 2001 // In the summer of 2000, a survey on rate and form filings procedures implemented by state insurance departments was sent to the National Association of Independent Insurers (NAII) membership. This survey was conducted in...
Four New Insurers to Enter Hawaii’s Workers’ Comp Market
Apr 4 2001 // Wayne Metcalf, the Hawaii Insurance Commissioner, announced in March that the Insurance Division has authorized four new insurers to write workers’ compensation insurance in Hawaii. The authorization for General...
Insurers Pay Millions for Wisconsin Ice Damage
Apr 2 2001 // American Family Insurance has paid $21.5 million in ice dam-related homeowner claims this spring, mostly around Milwaukee and Madison, a company official told the Milwaukee Journal Sentinel. That amount represents 15,500...
Workers’ Comp Reform: Ten Years from Ground Zero
Apr 2 2001 // It’s been 10 years since legislation revamp the Texas workers’ comp system. Most insurers, regulators and legislators agree that the system has improved dramatically, but they also say there is still room for...
Combined Ratio for 2001 on Track to Hit Record High, ISO President Says
Apr 2 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned. At...
Cracking Down on the Industry’s Fraud Problem
Apr 2 2001 // Fraud investigators in June busted a Tampa fraud ring that crashed cars at a private site, scooped up the debris and moved the wreckage to a public roadway. The members then called police so that they could file fraudulent...
