Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
3 Insurers Reported Seeking U.K. ‘s Liverpool Victoria
Sep 20 2000 // In what’s shaping up as a battle of big fish, bigger fish, the Times reported that three companies were interested in acquiring U.K. Mutual life and pension insurer Liverpool Victoria, at the same time that it is...
Japanese Insurers Confirm Merger Plans
Sep 18 2000 // Confirming earlier reports, Japan’s largest p/c insurer, Tokio Marine and Fire Insurance Co. Ltd. plans to merge with the 5th largest life insurer, Asahi Mutual Life and a smaller p/c company Nichido Fire &...
Quackenbush Scandal Played Starring Role in 1999-2000 Legislative Session
Sep 18 2000 // As the clock struck midnight on Aug. 30, lawmakers were spent but still deciding the fates of a handful of bills that would affect the insurance industry. So how did the 1999-2000 legislative session compare to other...
Governor Davis Signs California Agent Licensing Bill
Sep 18 2000 // On Sept. 5, California Governor Gray Davis signed into law AB 393, the state’s new agent licensing law. Sponsored by Assemblymember Jack Scott (D-Altadena), AB 393 requires anyone transacting insurance to meet...
Commentary on First Half 2000 Results
Sep 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 5.6 percent (on an annualized basis) during the first half of 2000, down from 8.2 percent during the first half of 1999 and 6.6 percent for...
Old Guard Group Shareholders Approve Acquisition by Ohio Farmers
Sep 13 2000 // Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction...
When the Market Provides No Answer,Insurers Offer Online E&S
Sep 4 2000 // While the initial furor created by the advent of dot-coms cools down, many insurance professionals are re-evaluating their business relationships with the Web. At a time when agents and brokers may question the benefit of...
SAFECO, Montana Work to Resolve Privacy Issues
Aug 30 2000 // Montana State Auditor Mark O’Keefe and SAFECO Regional Vice-President Bill Norman are working together to resolve issues raised by a recent SAFECO mailing in response to the amendments to the Montana Insurance...
Workers’ Comp Underwriters Predict Higher Premiums, Conning Study Says
Aug 29 2000 // A new Conning & Company study reports that 90.4 percent of workers’ compensation insurers surveyed believed that the industry will see increased premium rates, suggesting that the era of price competition is...
Calif. Agent Groups Ask Governor to Sign AB 393; NAII Asks for Veto
Aug 29 2000 // The Independent Insurance Agents and Brokers Legislative Counsel (ABL), with the backing of eight trade associations representing the great majority of California’s nearly 300,000 licensed insurance agents and...
Japanese P/C, Life Insurers to Combine Operations
Aug 28 2000 // In what would be a first ever alliance, Japan’s second largest life insurer, Dai-Ichi Mutual Life Insurance, and leading p/c insurer, Yasuda Fire & Marine Insurance Co., have reportedly agreed to combine...
Insurer MONY to Buy Advest for $275 Million
Aug 25 2000 // Insurance company MONY Group Inc. plans to buy one of the few remaining independent U.S. regional brokerages, Advest Group Inc. for an estimated $275 million, in an effort to expand into the lucrative securities...
Bad Service Means Lost Business for Banks, Insurers, Others
Aug 25 2000 // Bank customers tired of bad service are closing their accounts according to a new survey. More than 60 percent of consumers polled by software company Mobius Management Systems Inc. said they have cancelled bank accounts...
Life, Health Insurers’ Operating Profits Drop; Capital Gains Rise
Aug 22 2000 // The nation’s life and health insurers experienced a $203 million, or 1.6 percent, decline in operating profits during the first three months of 2000, as compared to the year-earlier period, according to a study by...
Independent Currents:CEOs Face Difficult Tech Decisions
Aug 21 2000 // A couple of months ago we talked here about the coming consolidation of insurance companies. But instead of constricting markets for agents and brokers, you’ll have more markets than ever. Those ridiculous...
Gentlemen’s Clubs Can Be a Better Risk than the Local Watering-Hole
Aug 21 2000 // “I’ve had carriers walk away from a lot of the adult stuff…even though it was a good class of business, they just didn’t want to be associated with it.” As patrons continue to spend their...
Independent currents: CEOs Face Difficult Tech Decisions
Aug 21 2000 // A couple of months ago we talked here about the coming consolidation of insurance companies. But instead of constricting markets for agents and brokers, you’ll have more markets than ever. Those ridiculous...
Air France Insurers Handling Concorde Claims
Aug 18 2000 // Air France representatives repeated the company’s promise to fully indemnify all the families of the victims of the Concorde which crashed on takeoff July 26th killing all 109 people on board and 4 on the...
Calif. Insurers Unveil Affordable Housing Investment
Aug 16 2000 // IMPACT Community Capital, comprised of a group of California’s leading insurance companies, unveiled a first-of-its-kind pooled investment in affordable housing for communities throughout that state. In addition, it...
Groups Disagree on Producer Licensing Verbiage
Aug 14 2000 // What’s in a word? A lot—at least according to the National Association of Mutual Insurance Companies (NAMIC). In a press release, the association announced that on July 11 it sent a letter to the chair of the...
