Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Fossil Fuel Divestment Focus of Washington Climate Change Summit
Jun 2 2016 // Getting insurers to rid themselves of investments in fossil fuels, creating products to deal with climate change and helping the world better understand risk, were among the topics on Wednesday at a summit on the insurance...
Health Insurers File for Rate Hikes in Kansas
Jun 2 2016 // The Kansas Insurance Department is reviewing requested rate filings for individual and small group health plans in Kansas for 2017. The range of requested average rate revisions by insurance companies is from 3.3 percent...
U.S. Insurer, Tech, Business Groups Balk at China’s Rules on Insurance Cybersecurity
Jun 2 2016 // Business groups from the U.S. and around the world protested planned cybersecurity rules for the insurance industry in China in a letter to the head of the nation’s insurance regulator. The draft regulations may...
Canadian Grain Bin Maker Sued by North Dakota Insurance Company
Jun 2 2016 // A North Dakota-based insurance company is accusing a major farm equipment manufacturer from Canada of making defective grain bins. Farmers Union Mutual Insurance Co. of Jamestown is suing Winnipeg-based Westeel in federal...
Fitch: Florida Specialist Insurers Largely Untested By Hurricanes
Jun 2 2016 // The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report from...
Health Insurers Seek Big Premium Increases in Pennsylvania
May 31 2016 // Pennsylvania’s insurance regulators are starting a review of health plans for coverage next year through the federal marketplaces, including several that seek premium increases in excess of 40 percent. The...
Federal Reserve Plans June 3 Meeting on Insurance Carrier Capital Rules
May 31 2016 // The U.S. Federal Reserve will hold an open meeting this coming Friday on proposals, in the works for more than five years, for capital requirements and other rules for insurance companies. The central bank’s...
California Commissioner Lowers Workers’ Comp Advisory Rate
May 31 2016 // California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective...
U.S.-EU Continue Talks on Insurance Regulation Covered Agreement
May 31 2016 // Trade representatives for the United States and the European Union, who met May 24 and 25 to negotiate a bilateral covered agreement on regulations for insurers and reinsurers, on Friday issued a joint statement indicating...
China Likely to Adopt Cyber Rules for Insurers Despite Foreign Business Concerns
May 31 2016 // Controversial cyber security regulations for China’s insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade Beijing to change...
Ohio Court: Insurance Department May Take Over Health Insurer
May 30 2016 // The state’s insurance department is taking over a company that provides health insurance to nearly 22,000 residents, mainly in central Ohio. The move affects those holding InHealth Mutual policies from Coordinated...
Liability Insurer Accuses Surgical Robot Maker of Hiding Injury Claims
May 27 2016 // It’s health insurers’ cardinal rule: disclose pre-existing conditions. Now comes a case in which that familiar decree involves not a patient, but rather a $1.5 million surgical robot known as the da Vinci...
Texas’ Coastal Wind Insurer Expects $4.9B in Funds for 2016 Hurricane Season
May 27 2016 // While its reinsurance plans for the 2016 hurricane season haven’t yet been nailed down, Texas’ insurance company of last resort for wind and hail along the Texas coast expects to have around $4.9 billion in...
What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris
May 26 2016 // It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015...
The Unpleasantness of Selling and Buying Insurance
May 26 2016 // Do you have a minute to talk about your death? It isn’t easy to sell life insurance. Investing in a mutual fund, you feel like you’re saving money. Purchasing insurance, you feel like you’re spending...
Are Ridesharing Drivers Safer Than Average American Drivers?
May 26 2016 // Ridesharing drivers are safer drivers than the average American behind the wheel, according to research by Boston-based Aite Group. The researchers, using driving analytics data, conclude that average consumers are safer...
Dutch Insurer NN Group Plans to Buy Back Shares Worth $559 Million
May 26 2016 // NN Group NV, the second-biggest Dutch insurer, said it will buy back as much as 500 million euros ($559 million) of shares over the 12 months from June as it returns excess capital to investors. First-quarter operating...
Swiss Re’s List of Emerging Risks Range from Blockchain Tech to Human Cyborgs
May 26 2016 // A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three,...
Pennsylvania Advises Insurers on Arson, Insurance Fraud Reporting Rules
May 26 2016 // The Pennsylvania Insurance Department recently issued a notice to advise and remind insurers of their obligations under the state’s law in the reporting of suspected arson and insurance fraud. The department also...
Oklahoma Commissioner: 4 Insurers Have 55% of Earthquake Market
May 25 2016 // Data released at a May 24 hearing to determine the competitiveness of earthquake insurance coverage in Oklahoma shows that four insurance companies have 55 percent of the market in the state. That’s a concern for...
