Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AXA H1 Net Income Rises 4% to $3.6B as L&H Earnings Offset Cat Losses
Aug 3 2016 // AXA SA, France’s biggest insurer, said first-half profit rose 4 percent as increased earnings from life and health insurance helped offset higher claims from natural catastrophes. Net income climbed to 3.2 billion...
Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report
Aug 1 2016 // Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings. While the potential risk of such liability claims is rising...
Insurer Not Liable for Defense of NASCAR’s Stewart in Ward Death
Aug 1 2016 // A federal judge ruled Friday that the insurance carrier for NASCAR driver Tony Stewart does not have to defend or indemnify him in a lawsuit brought by the family of a driver who died after being struck by Stewart’s...
Brokers Assess Current Construction Insurance Market: Thumbs Up
Jul 29 2016 // Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers...
California Coal-Divestment Push Mostly about Politics
Jul 28 2016 // California voters in 1988 dramatically expanded the power of the state Department of Insurance and turned the insurance commissioner post into an elected position. The Proposition 103 initiative also gave the commissioner...
ITC, Compare.com Team Up to Expand Online Auto Insurance Quote Services
Jul 28 2016 // Insurance Technologies Corporation (ITC), headquartered in Carrollton, Texas, and Compare.com, based in Richmond, Va., have partnered to help provide more auto insurance quotes to online insurance shoppers, the companies...
U.S., EU Report on Re/Insurance Covered Agreement Talks
Jul 28 2016 // Representatives of the United States and the European Union met in Brussels this week to continue their joint negotiations for a bilateral agreement on insurance and reinsurance measures. “Both sides continued to...
West Virginia Funeral Home Ordered to Reimburse Insurer for False Death Claims
Jul 27 2016 // A federal judge has ruled for an insurance company in its case against the operators of a funeral home in Putnam County, West Virginia, accused of filing false death claims on behalf of pre-need contract customers who...
Growth of China’s Shadow Banking Hikes Financial Risks for Banks, Insurers: Moody’s
Jul 27 2016 // Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector assets, raising financial risks in the world’s second-largest economy, rating agency Moody’s...
Texas Windstorm Insurer: Submit Depopulation Documentation by August 25
Jul 26 2016 // Texas Windstorm Insurance Association member companies that want to participate in the Assumption Reinsurance Depopulation Program may now submit required documentation to both TWIA and the Texas Department of Insurance...
Insurer to Pay $55K to Settle Free Speech Case Over Arrest for Painting U.S. Flag
Jul 26 2016 // A man arrested for painting the letters “AIM” on an American flag that he flew upside-down at his house in protest has settled his free speech lawsuit against the township for more than $55,000. Supervisors in...
P/C Insurers Face Tough Sledding in 2016, Warns S&P
Jul 26 2016 // This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by...
Everest Re Selling Crop Insurer Heartland to CGB
Jul 26 2016 // Bermuda’s Everest Re Group is selling its U.S. crop insurance company, Heartland Crop Insurance Inc., to CGB Diversified Services Inc., a crop insurance, transportation and storage firm in Illinois. Upon completion...
Health Insurers Could Go on Buying Spree If Big Mergers Blocked
Jul 25 2016 // The potential bust-up of two mega deals among America’s largest health insurance companies may have an unintended result – more mergers. The U.S. Department of Justice on Thursday sued to block Aetna...
Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business
Jul 25 2016 // Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale...
Insurers Work to Educate Consumers on the Evolving Dangers of Distracted Driving & Walking
Jul 25 2016 // We have all seen the stories in the news. After many years of a declining trend in the number of accidents, the number of accidents has spiked in the last two years. Insurers have an opportunity to educate the public and...
Treasury Adopts 2 Percent Formula for Defining Auto Insurance ‘Affordability’
Jul 25 2016 // Industry Says Affordability Definition Will Lead to Confusion on Price If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income...
Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover
Jul 25 2016 // Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms and earthquakes affecting certain coastal states of the U.S. The bonds have been issued...
South Carolina Workers’ Comp Loss Costs Going Up, New Filing Requirements Take Effect
Jul 25 2016 // New requirements regarding the implementation of changes in workers’ compensation loss costs have been passed by the South Carolina Legislature, and the insurance department is reminding insurers to ensure they...
South Dakota High Court: Insurer Must Pay for Storm-Drowned Cattle
Jul 22 2016 // The South Dakota Supreme Court says a Quinn family should collect insurance for cattle that drowned during the autumn 2013 blizzard that devastated western South Dakota ranchers. The high court in an opinion released July...
