Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Online Insurer Esurance Acquired by Folksamerica Holding Co.
Oct 23 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. It was just the right thing at the right time,” Jean-Bernard...
Survey Reveals Insurers Top Fraud Concerns
Oct 20 2000 // According to a recent survey compiled by the National Association of Independent Insurers (NAII), medical fraud rings, staged auto accidents, arson, and workers’ comp scams top the list of fraud concerns for the...
13 Insurers Await Indian Licenses
Oct 17 2000 // India’s Insurance Regulatory and Development Authority confirmed that 13 foreign based insurance companies with their local partners have applied for permission to establish privately owned life or general insurance...
eCoverage Receives High Ranks on Gomez’s Fall 2000 Insurance Carriers Scorecard
Oct 17 2000 // eCoverage (www.ecoverage.com) was named the number one site for “Ease of Use” and “Customer Confidence” on the Gomez Fall 2000 Internet Insurance Carrier Scorecard(TM). According to Gomez, eCoverage...
U.K. Health Dept. OK’s Insurers’ Use of Genetic Testing
Oct 16 2000 // The Department of Health’s Genetics and Insurance Committee (GAIC) has granted U.K. insurers permission to consider the results of genetic testing for Huntington’s Disease (also known as Huntington’s...
Community Banks Purchase Insurance Company
Oct 11 2000 // The Delaware County Bank & Trust Company, a subsidiary of DCB Financial Corp along with four other community banks used their holding company powers to close a transaction Oct. 5 in which they purchased an equity...
Fortis Set To Acquire Dutch Insurer
Oct 9 2000 // Fortis, the Belgian Dutch banking insurance and financial services group, is set to acquire Holland’s ASR Verzekeringsgroep, one of the country’s largest insurers, through a public cash and stock offering. ASR...
An Agent’s Nightmare Continues
Oct 9 2000 // Editor’s Note: This is the second part of a story that appeared in our Sept. 25 issue. The first story described the facts of the case, up to the point of verdict and judgment. This column describes the verdict and...
Allianz Completes Acquisition of Dutch Insurer from Hartford
Oct 6 2000 // AGF, the French subsidiary of Germany’s Allianz, announced that it had completed the acquisition of Dutch insurer Zwolsche Algemeene N.V.(ZANV) from the Hartford International Financial Services Group, substantially...
Alliance Study Shows Industry Contributes $200 Billion to U.S. Economy
Oct 6 2000 // The insurance industry contributes almost $200 billion to the United States’ gross national product each year, approximately 2.4 percent of the total GNP, according to the latest edition of a study compiled by the...
After the Gold Rush: Insurance Dot-Coms Shift increasingly Toward the Agent
Oct 2 2000 // In the “stake-your-claim” environment of Internet insurance, any attempt to define trends and categorize business models can be an exercise in frustration. However, in some ways the dot-com gold rush is slowing...
Air France, Insurers Sue Continental
Sep 28 2000 // Air France and La Réunion Aérienne (LRA), the consortium of insurers that covered the Concorde, that crashed outside of Paris on July 25th, killing all aboard, have filed suit in a French Commercial Court against...
Delaware Court Rules In Favor of Insurers
Sep 28 2000 // The Supreme Court of Delaware has affirmed a lower court opinion in favor of 28 insurers who were sued in an insurance coverage action brought by Hercules Incorporated. In 1989, Hercules, an international aerospace...
Property/Casualty Insurers Watch Profits Fly Out the Window
Sep 25 2000 // ISO, NAII Report First-Half Net Income for Insurers Plunged; Fitch Adopts Negative P/C Outlook It hasn’t gone to hell in a handbasket yet, but the outlook for the property and casualty industry is far from good. On...
An Agent’s Nightmare: Who Knew Forwarding Lawsuit Papers Could Get So Sticky
Sep 25 2000 // Insurance agencies mediate between insurance companies and policyholders all the time. One of the most important focal points for this kind of activity has to do with forwarding suit papers. An insured gets sued. He hands...
Fred Kist New Kemper Insurance Companies Chief
Sep 22 2000 // Kemper Insurance Companies’ Chairman and Chief Executive Officer David B. Mathis has named Frederick Kist as Kemper’s new chief actuary. Kist will be nominated for election as a senior vice president of...
Massachusetts Regulators Take Control of Auto Insurer
Sep 22 2000 // New England Fidelity Insurance Co. of West Springfield, has gone into receivership. It is the second Massachusetts auto insurer to go under this year. Industry officials said the failures of New England Fidelity and Trust...
Insurance Federation Elects New Officer/Board Members
Sep 22 2000 // Insurance Federation Elects New Officer/Board Members Five insurance industry executives have been newly elected as members of the Board of Directors of the Insurance Federation of Minnesota at the IFM’s annual...
Banc of America Analysts: Insurance Companies Poised for Turnaround
Sep 22 2000 // The industry is also beginning to look for opportunities to sell its products over the Internet, says Banc of America Securities analyst Robert Ryan. Zucker, Meredith, and Ryan made their comments at the 30th Annual Banc...
Massachusetts Sues Four Insurers
Sep 21 2000 // The Boston Globe reported today that Massachusetts Attorney General Thomas F. Reilly has sued four health-insurance companies for denying coverage to college students who were suffering from preexisting medical...
