Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Singapore Insurer Sues Boeing Over SilkAir Crash
Dec 18 2000 // Singapore Aviation & General Insurance Co. filed a complaint in Federal District Court in New York to recover damages from Boeing and several other companies it claims to be responsible for the 1997 crash of a Silk...
“Lothar,” “Martin” and Climate Change Buffet French P/C Insurers
Dec 15 2000 // A report from the French Federation of Insurance Companies, and an analysis of the French non-life sector from Standard & Poor’s both show that lingering problems from last year’s devastating windstorms,...
More Floods Hit U.K., as Insurers Assess October Losses
Dec 15 2000 // Even as battered Britain was cleaning up the damages caused by severe floods in October, a new combination of heavy rain and high tides threatened Wales and the Southwest; the Severn river crested at over 14 1/2 feet,...
Chinese Insurers Look To Public Offerings, as Earnings Increase
Dec 13 2000 // While foreign companies line up to enter the Chinese insurance market, China’s domestic insurers are doing so well that they’re looking to public offerings to raise additional funds. According to a report from...
NYSE MAY DELIST 2 INSURERS
Dec 11 2000 // The New York Stock Exchange announced Dec. 5 that it plans to suspend trading in the common stock and other NYSE-listed securities of Reliance Group Holdings Inc. and will move to delist the issues from the exchange. It is...
Bermuda Tax Proposals: ‘Closing a Loophole’ or ‘ Pork Barrel Polics”
Dec 11 2000 // The taxation of foreign insurers, reinsurers, captives banks and financial service providers, involves some very complex international issues, heavily charged with “political considerations.” HR 4192, or the...
HIH Sells Renewal Rights to Argonaut, Alaska National
Dec 11 2000 // In the latest action in the volatile workers’ compensation arena, Argonaut Insurance Company announced it will acquire the renewal rights and other tangible assets associated with the workers’ comp business of...
Insurers File Challenge To OSHA Ergo Rule
Dec 11 2000 // The Nov. 14 release of Occupational Safety Health Administration’s (OSHA) new ergonomic rule, approved by President Clinton, has sparked one of the largest backlashes in the 30-year history of the organization....
HNC Software Releases Three Web-Enabled Tools for EDI in Workers’ Comp
Dec 7 2000 // HNC Insurance Solutions, a division of San Diego, Calif.-based HNC Software, and a provider of solutions for electronic data interchange (EDI) for the workers’ compensation insurance industry, released two new...
New Jersey Insurer Issues Dividends to Auto Policy Holders
Dec 7 2000 // New Jersey Manufacturers Insurance is mailing special dividend checks to auto policy holders in New Jersey, Pennsylvania and New York totaling about $54.6 million. The 324,984 policy holders affected will receive an...
A.M. Best Assesses Excess Capital in U.S. Property/Casualty Industry
Dec 6 2000 // Over the past decade, the U.S. property/casualty insurance industry’s excess capital position has grown dramatically due to slower premium growth, better risk management techniques and significant surplus gains. This...
New York DOI Releases Ranking of Against Auto Insurers
Dec 5 2000 // New York Superintendent of Insurance Neil D. Levin has released the department’s annual ranking of consumer complaints against New York State’s private passenger automobile insurance companies and announced...
Insurers Request for Ruling on Northridge Claim Extension Refused
Dec 4 2000 // The California Supreme Court last week refused to rule in a case brought forward by several insurance groups that contested the constitutionality of a state law giving Northridge earthquake victims an additional year to...
Scottish Insurer Assessed £2 Million on Mortgage Policies
Dec 1 2000 // The U.K.’s Financial Services Authority has ordered Royal Scottish Assurance, a joint venture between the Royal Bank of Scotland and Scottish Equitable, to pay a £2 million ($2.86 million) fine as a result of...
Concorde Insurers Name Continental in French Lawsuit
Nov 30 2000 // La Réunion Aérienne, the insurance pool with primary coverage for losses resulting from the crash of the Concorde near Paris last July, has officially launched a recovery action against Continental Airlines...
Mass. P/C Insurers Ignore Tax Relief Options
Nov 30 2000 // Eight Massachusetts insurance companies have opted out of a state program that promises permanent tax cuts in exchange for five years of voluntary community investment, according to a report by the Massachusetts...
U.K. Web Insurer In Financial Crunch
Nov 28 2000 // RapidInsure, the British Online insurance website, announced that it has stopped accepting new business for the time being as it searches for additional financing in order to continue its operations. Founded in February by...
Predictions for the 2001 Auto Market’
Nov 20 2000 // Predictions for the 2001 Auto Market? Enforcing Uninsured Driver Laws Should Be A Top Agenda Item What will the Texas auto market look like in 2001? The question is being asked at every professional meeting, on every golf...
MOLD in Buildings
Nov 20 2000 // Creates New Frontier in Construction Defect Litigation, Definition of Pollution At the center of what could become one of the fastest growing areas of both construction defect litigation and toxic tort litigation is an...
AIG Confirms Purchase of Egyptian Insurer
Nov 15 2000 // AIG confirmed that it has purchased a 90 percent interest in Egyptian p/c insurer Pharaonic Insurance Company S.A.E., which writes general insurance and reinsurance coverage in the Egyptian market. The company’s...
