Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
3 Examples of How Telematics Can Aid Insurance Claims Handling
Feb 19 2016 // While information derived from usage based insurance telematics hasn’t been fully utilized in the claims process, the benefits it can provide – consistency, efficiency and accuracy – offer a way to reduce claims...
Philadelphia Insurance Companies Promotes 2 to Senior VP
Feb 19 2016 // Philadelphia Insurance Companies, a commercial property/casualty and professional liability insurance company for niche markets, announced the promotion of two vice presidents to senior vice president. Sam Garro is now...
How Employer Joint Liability Is Changing
Feb 18 2016 // Businesses known for their uniforms are worried about lawyers in business suits in the wake of a change in the nation’s labor laws affecting their liability for employment practices. The change could unravel the...
Location, Inc. Launches Structure Fire Risk Index for Insurers
Feb 18 2016 // Location, Inc., a provider of location-based data and tools used by corporations for risk analysis, has introduced a new risk index to help insurers address structure fire losses due to human negligence. Insurers often...
Texas to Insurers: 2015 Policy Count Data Due March 1
Feb 17 2016 // The date for licensed insurance carriers, surplus lines companies and health maintenance organizations to submit policy count data for 2015 is approaching. Texas Department of Insurance is required by the state insurance...
Aon Loss Model Offers Insurers 7.5 Million U.S. Thunderstorm Scenarios
Feb 17 2016 // Aon Benfield’s catastrophe model development team, Impact Forecasting, has launched a U.S. severe thunderstorm (STS) scenario model that it says can help insurers more accurately estimate annual losses based on...
Canada’s Intact Financial Corp. Invests in Metromile, Pay-Per-Mile Insurer
Feb 17 2016 // Intact Financial Corp. has made a strategic investment in Metromile, a San Francisco-based provider of pay-per-mile car insurance. Toronto-based IFC, which is the largest provider of property & casualty insurance in...
Minnesota: Exams of 16 Life Insurers Find $174M in Unpaid Benefits, So Far
Feb 16 2016 // Minnesota Commerce Commissioner Mike Rothman announced that his department has reached settlement agreements with three more life insurance companies that owed money to Minnesotans for unpaid insurance policies, annuity...
Delaware Licensed 189 Captive Entities in 2015
Feb 12 2016 // Delaware Insurance Commissioner Karen Weldin Stewart said 2015 marked another record year of captive insurance formations in Delaware. Stewart said Delaware last year licensed 74 pure captive insurers, three special...
New York-Based Insurer Says U.S. Has Lifted Sanctions for Iranian Oil Cargoes
Feb 12 2016 // A U.S.-based insurer to the global shipping industry said it got government authorization to cover non-American companies transporting oil from Iran, potentially helping the Persian Gulf country to revive exports of crude...
Connecticut Announces Its 10th Captive Insurer
Feb 12 2016 // The Connecticut Insurance Department announced that a Syosset, New York-based construction services firm, RC Structures, is establishing its captive insurance operations in Connecticut. The new captive, called RCX...
Bankruptcy Would Be ‘Huge Mistake’ for Puerto Rico, Says Bond Insurer
Feb 12 2016 // The question of whether bankruptcy is a good option for Puerto Rico came to a head at an investor conference featuring the island’s top restructuring adviser and head of one of the bond insurers with the most...
Activists Icahn, Paulson Land Seats on AIG Board; Now What?
Feb 12 2016 // John Paulson and Carl Icahn, who became billionaires by identifying mispriced securities and pushing for corporate shakeups, face a new challenge after winning seats on the board of American International Group Inc., the...
NTSB Blames Poor Oversight in Deadly Illinois Truck Crash
Feb 11 2016 // Failed safety oversight was partly to blame for a deadly crash near Chicago in which a truck driver for a company already flagged as high-risk fell asleep and plowed into emergency vehicles, a federal accident...
Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed
Feb 11 2016 // The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers...
Suspension of Insurance Carrier Lifted in Alaska, Oregon
Feb 9 2016 // Insurance regulators in Alaska and Oregon announced that a company that had been suspended from offering health insurance policies in the states over concerns with its financial condition will be allowed to resume that...
N.J. Neurologist Accused of Filing Fraudulent Bills to Insurers
Feb 9 2016 // Authorities announced that a North Jersey doctor has been indicted for allegedly billing numerous insurance carriers for medical procedures he did not perform himself or that were not performed at all. New Jersey Acting...
Missouri Insurance Regulators Recover Millions for Consumers, Schools in 2015
Feb 9 2016 // The Missouri Department of Insurance announced it helped to obtain millions of dollars for citizens and schools in 2015 through regulatory intervention and penalties against insurance companies. The department also worked...
Leading Reinsurers Line Up for Lemonade, the P2P Insurer
Feb 9 2016 // Lemonade, the startup peer-to-peer insurance carrier that has raised $13 million in initial funding, announced a line-up of global reinsurance partners, including Berkshire Hathaway and leading Lloyd’s of London...
Court Hears MetLife’s Challenge to ‘Too-Big-to-Fail’ Designation This Week
Feb 9 2016 // For MetLife Inc. Chief Executive Officer Steve Kandarian, the scariest risk is being classified as risky. MetLife lawyers go to court Wednesday seeking to overturn a too-big-to-fail designation in a lawsuit that could, if...
