Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers’ Big Data Plans Could Fail if They Don’t Get Basics Right: Mair of Atticus DQPro
Jun 13 2018 // Executive summary: Many major insurers still rely on manual or semi-automated data quality checks, which are time consuming, costly and have a high margin for error. As a result, before they pursue advanced data projects...
S.C. Supreme Court: Defense Counsel Can Be Sued for Malpractice by Insurer
Jun 13 2018 // The South Carolina Supreme Court recently opined that an insurer can sue an attorney it hired to defend its policyholder for malpractice. The high court in the case of Sentry Select Insurance Company v. Maybank Law Firm,...
Insurer Planning to Wed Couple Inside Driverless Vehicle in Vegas
Jun 12 2018 // AAA Nevada is hoping to set a world record by throwing what is believed to be the first wedding held inside a driverless vehicle. The Las Vegas Review-Journal reports would-be brides and grooms can submit an online essay...
Malaysia Likely to Review Rules Requiring Cut in Foreign Insurance Ownership: Sources
Jun 12 2018 // Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people familiar with the...
Injury Lawyers Chasing Scooter Accidents, In Search of Insurers
Jun 12 2018 // Bird Rides Inc. and other scooter startups have drawn fire from pedestrian advocates, politicians and annoyed citizens. Now they have a new nemesis: personal-injury lawyers. In recent months, people hurt riding (or hit by)...
Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M)
Jun 12 2018 // The Navigators Group Inc. has completed the acquisition of Bracht, Deckers & Mackelbert NV (BDM), a specialty underwriting agency, and its affiliated insurance company, Assurances Continentales – Continentale...
Maine Individual Insurers Seek Nine Percent Rate Hike
Jun 11 2018 // Two insurers on Maine’s individual health insurance market are requesting lower-than-expected rate increases for 2019. Portland Press Herald reports the insurers are requesting average rate increases of over 9...
Insurers’ Earnings Volatility Tied to Equities Accounting Change
Jun 11 2018 // Many insurers and reinsurers are facing some earnings volatility in 2018 due to a change in accounting requirements for equity securities, Fitch Ratings said in new market commentary. According to Fitch, companies with...
U.S. Allows China’s Oceanwide Purchase of Insurer Genworth
Jun 11 2018 // A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group’s purchase of insurer Genworth Financial, the two companies said on Saturday. The...
Air Ambulances’ Sky-High Charges Leave Reimbursement Gaps, Lawsuits
Jun 11 2018 // When three-year-old West Cox’s fever hit 107 degrees, doctors called a helicopter. Hours earlier, the toddler, who’d been prescribed an antibiotic for a suspected ear infection, was at home in Princeton, West...
Mississippi Agent Accused of Not Forwarding Premiums to Insurers
Jun 11 2018 // A cease and desist order has been issued to a Mississippi insurance agent accused of failing to forward premiums to the respective insurance companies. The Mississippi Insurance Department said Friday that it had issued...
The PURE Group of Insurance Companies Promotes Taylor, Metzger
Jun 8 2018 // The PURE Group of Insurance Companies, which is based in New York, N.Y., and includes Privilege Underwriters Reciprocal Exchange (PURE) – the policyholder-owned property and casualty insurer designed for...
No Reason for Insurer Panic Over Amazon… Yet
Jun 7 2018 // As the largest U.S. insurers gathered at the Marriott Marquis hotel in Times Square to discuss the prospects for their industry, a threat to that future emerged from the nation’s other coast. Amazon.com Inc., the...
Equity Insurance Company Announces New Claims Manager
Jun 7 2018 // Tulsa, OK, June 7, 2018– Equity Insurance Company is pleased to announce that Scott Cooper has been promoted to the position of Claims Manager, effective May 16, 2018. Mr. Cooper has most recently served as...
How Insurance Boosts Economy, Communities and Innovation: I.I.I.
Jun 7 2018 // While consumers understand insurance as protection against financial loss, the industry’s contribution to the economy goes much further. A white paper from the industry’s Insurance Information Institute...
Hawaii Insurance Agent Busy Sorting out Coverage Mess from Lava Flows
Jun 6 2018 // It could be an understatement to say Amber Lopez, principal at Pacific Island Insurance LLC in Hawaii, has been busy over the past month as the island state’s erupting Kilauea sends lava flows throughout...
Florida Insurers American Traditions, Modern USA Merge
Jun 4 2018 // American Traditions Insurance Co. (ATIC) has merged with its affiliate Modern USA Insurance Co. The two companies were launched under similar ownership shortly after the 2005 hurricane season to provide additional...
South Carolina Passes First Insurance Industry Cybersecurity Law
Jun 4 2018 // South Carolina has become the first state to pass a model cybersecurity bill requiring any insurance entity operating in the state to establish and implement a cybersecurity program protecting their business and their...
Washington Orders Microsoft to Stop Using Captive Insurer
Jun 4 2018 // Washington’s insurance commissioner issued a cease and desist order against Microsoft Corp. to stop using its Arizona-domiciled captive, Cypress Insurance Co. Insurance Commissioner Mike Kreidler’s cease and...
Workers’ Comp : Healthy Underwriting Gain, Premium Growth Blockage
Jun 4 2018 // Workers’ compensation insurers are managing their premiums dollars better than they have in years, but those premium dollars are stagnating even as employment and wages are rising. In 2017, for the fourth consecutive...
