Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Assignment of Benefits Abuse Tops Florida News for 2017
Dec 29 2017 // Florida’s ongoing battle with assignment of benefits (AOB) claims abuse was not a new topic in 2017, but it was certainly one of the hottest ones for Southeast readers. From threats of insurer ratings downgrades...
Top Insurance Journal South Central Stories of 2017
Dec 29 2017 // Among the most read news stories in Insurance Journal’s South Central region during 2017 concerned Hurricane Harvey and Texas hailstorm (aka natural catastrophe insurance claims) legislation. The insurance industry...
Top Insurance Journal National Stories of 2017
Dec 29 2017 // It wouldn’t feel right to close out the year without looking back at the most popular stories on Insurance Journal during the past 12 months. Here are the national stories that attracted the most readers in 2017,...
Insurers Off The Hook for West Virginia Hole-in-One Tournament Payouts
Dec 29 2017 // A federal appeals court says Gov. Jim Justice’s charity is stuck with almost $200,000 in payouts made to fans at the 2015 Greenbrier Classic tournament after two golfers aced the 18th hole at his resort in southern...
Maryland’s Chesapeake Employers’ Insurance Company Hires Quinn
Dec 28 2017 // Chesapeake Employers’ Insurance Company, a Towson, Md.-based workers’ compensation specialist, has hired Danielle Quinn as a pharmacist case manager. In this role, Quinn is responsible for managing the Pharmacy...
Lawyer Hit by Garbage Can to Get $2.1 Million from Insurers for Des Moines
Dec 28 2017 // Insurers for the city of Des Moines paid $2.1 million to a lawyer who alleged he suffered head injuries when he was hit by a falling garbage can. The city released a copy of its November settlement with Jaysen McCleary in...
New Product Uses Blockchain to Show Proof of Insurance
Dec 27 2017 // The Institutes’ work with insurers in the blockchain space has led to a debut product – a tool designed to establish proof of auto insurance. Nationwide is the first carrier to bring it to production and is already...
Insurance Companies Sue Kodiak Electric in Alaska Over Fire Damage
Dec 22 2017 // Two insurance companies filed a lawsuit against the Kodiak Electric Association in Alaska claiming it was responsible for a fire that caused damage to clients’ property. Lexington Insurance Co. and Alaska Municipal...
What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry
Dec 22 2017 // Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C...
Maryland’s Frederick Mutual Insurance Company Hires Collins
Dec 22 2017 // Frederick Mutual Insurance Company has appointed Shad Collins as senior vice president and chief information officer. Collins has relocated to the company’s headquarters in Frederick, Maryland, to take on his new...
Florida Residential Property Insurer Approved to Do Business in Arkansas
Dec 22 2017 // Arkansas Insurance Commissioner Allen Kerr has granted a Certificate of Authority to a Florida insurer to begin selling residential property insurance products in Arkansas. Gainesville, Fla.-based Tower Hill Signature...
California Commissioner Asks Insurers to Forego Detailed Home Inventories in Wake of Wildfires
Dec 21 2017 // California Insurance Commissioner Dave Jones is asking insurers to help California wildfire survivors by providing relief from detailed home inventories and to provide up to 100 percent of contents coverage limits without...
How Bitcoin Is Fueling Ransomware Insurance Claims
Dec 21 2017 // Hey, want those photos and files back? It may cost more than it used to. Thank bitcoin. Chubb Ltd., best known for catering to wealthy families and corporations, is among at least three insurers facing a jump in costs tied...
Employers, Workers’ Compensation Carriers Eye Trend in Telehealth: Telerehab
Dec 21 2017 // Though employers and workers’ compensation insurers have been utilizing telemedicine for quite some time, there’s been a recent uptick in interest surrounding virtual physical therapy, also known as...
New Law Requires Notice of Workers’ Comp Premium Hikes in New York
Dec 20 2017 // New York Governor Andrew M. Cuomo signed Assembly Bill No. 1620 into law yesterday, requiring insurance companies to notify employers in advance of some workers’ compensation insurance premium increases. The law was...
Factbox: Growing List of Insurers Make Brexit Plans for EU Subsidiaries
Dec 20 2017 // Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not have access to the single market after Brexit: ADMIRAL. British motor insurer Admiral Group said last year that it could...
Florida’s Citizens Expects Policy Count Increase in 2018, Plans Claims System Upgrade
Dec 20 2017 // Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began...
Alera Group Acquires Illinois’ Hallberg Commercial Insurers
Dec 19 2017 // Deerfield, Illinois-based employee benefits, property/casualty, risk management and wealth management firm, Alera Group, has acquired Hallberg Commercial Insurers Inc. in Oakbrook, Illinois. Hallberg Commercial provides...
N.Y. Finalizes Regulation to Protect Drivers from Unfair Auto Insurance Rates
Dec 19 2017 // The New York Department of Financial Services (DFS) has finalized a regulation that protects New York drivers from unfairly discriminatory auto insurance rates and has already reached agreements with two major insurers...
Navigators to Buy Belgian Specialty Insurer, Reinsurer
Dec 18 2017 // U.S.-based global specialty insurer The Navigators Group has agreed to purchase all of the shares of Assurances Continentales – Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM),...
