Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
State Farm Exits InsWeb’s Marketplace
May 1 2000 // Effective May 1, State Farm will no longer participate in Redwood City, Calif.-based InsWeb Corp.’s marketplace for auto, term life, homeowners, condominium and renters insurance. According to Dick Luedke, public...
Insuring RVs
Apr 24 2000 // It’s not just your grandparents heading down the road in those Winnebagos these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver,...
1999 Financial Results Expose Another Rough Year for Insurers
Apr 24 2000 // The results are in for the property/casualty industry’s fourth quarter and year end, and they don’t look any better than 1998. In fact, with the exception of a small acceleration of premium growth, 1999 was...
Negligent Misrepresentation-Part II
Apr 24 2000 // Editor’s note: The first portion of this article appeared in our April 10 issue, page 28. The tort of negligent misrepresentation protects commerce from loss-producing, negligently supplied misinformation. It is...
Questions & Answers
Apr 24 2000 // Q. We have a customer who was involved in a not-at-fault auto accident that included both bodily injury and extensive vehicle damage. An agreement on the amount of vehicle damage has been determined, but the adjuster said...
French Commission Includes Insurers in Report
Apr 20 2000 // The French Commission, headed by former Minister Jean Matteoli, which was established in 1997 to investigate the wrongful confiscation of Jewish property under the Vichy regime during World War II, has issued its long...
French Commission Includes Insurers in Report
Apr 20 2000 // The French Commission, headed by former Minister Jean Matteoli, which was established in 1997 to investigate the wrongful confiscation of Jewish property under the Vichy regime during World War II, has issued its long...
Insurers to Pay $1.71 Billion in First-Quarter Property Damage
Apr 13 2000 // U.S. property and casualty insurers will pay $1.71 billion to homeowners and businesses for insured property losses from seven catastrophic events in the first quarter of this year, according to initial estimates from...
Minnesota Court Gives A.G. Authority Over Insurers
Apr 6 2000 // A Minnesota Court of Appeals has ruled to support the state attorney general’s authority to sue insurance companies. The decision stems from a lawsuit filed against the American Family Mutual Insurance Co. by...
WORKERS’ COMP MARKET OVERVIEW
Apr 3 2000 // CALIFORNIA STILL CRAZY AFTER ALL THESE YEARS By Sky Barnhart “After five years of product being given away, it’s a crazy, crazy market, and it’s put a lot of people on the producers’ side out of...
Privacy Legislation Could Have a Negative Impact on W/C Insurers
Apr 3 2000 // broad coalition of insurance and employer trade associations and companies recently filed comments with the U.S. Department of Health and Human Services on proposed medical records privacy regulations. Insurers argue the...
The Unraveling of Superior National
Mar 30 2000 // Editor’s Note: This article was written by Standard & Poor’s analyst Darin Feldman, and is printed with permission. In its 1998 annual report “Survival of the Fittest,” Superior National...
Allianz Acquires Egyptian Insurer
Feb 21 2000 // Germany’s Allianz AG acquired a controlling 80 percent interest in Cairo-based Arab International Insurance Company (AIIC) by purchasing the 40 percent share held by France’s AXA. In 1998, AIIC reported gross...
ING Group To Acquire Interest in Mexican Insurer
Feb 21 2000 // Holland’s ING Group announced that it had agreed to acquire a 39.7 percent interest in a subsidiary of Mexico’s Savia Group, which owns 71.6 percent of Seguros Comercial America (SCA). With a 27 percent overall...
U.K. Insurer To Sell Cars
Feb 17 2000 // In a case of modern vertical integration, British insurer Direct Line, a subsidiary of Royal Bank of Scotland, announced the creation of a Web site to sell automobiles, accessories and related financial services. Direct...
Insurers Support Trade Relations with China
Feb 16 2000 // Today Congress will view the issue of whether the U.S. should grant Permanent Normal Trade Relations (PNTR) to China. This is the first of several possible hearings. Congressional enactment of PNTR for China will allow...
Japanese P/C Insurers Find Three’s a Crowd
Feb 15 2000 // Japan’s third largest p/c insurer, Mitsui Marine and Fire Insurance Co., has bowed out of an alliance agreement announced in October with Nippon Fire and Insurance Co. and Koa Fire and Insurance Co. The cause of the...
Cigarette Manufacturer Sues Insurance Companies
Feb 7 2000 // Cigarette maker Liggett Group is suing its insurance companies in an effort to force them to pay lawyer fees, settlement costs, damage awards and other expenses from smoking-related lawsuits. Liggett, a unit of Brooke...
Florida Orders Life Insurer To Pay $7.5 Million
Feb 7 2000 // Florida Insurance Commissioner Bill Nelson and Attorney General Bob Butterworth ordered Metropolitan Life to pay the state $7.5 million to settle allegations that some of its agents used deceptive sales tactics since the...
Best Comments on Future of Mexican Insurers
Feb 3 2000 // Mexican insurers will have to take aggressive steps to remain competitive with U.S. and Canadian companies that are acquiring a stronger presence in the country, according to A.M. Best Co. in a statement released...
