Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
DA Suspends Funding Agreement with Workers’ Comp Insurer, Texas Mutual
Oct 19 2015 // The Travis County, Texas District Attorney’s office said it is suspending an agreement with Texas Mutual Insurance Co. under which the company provides funds for prosecutors to pursue the workers’ compensation...
October Storm Devastates South Carolina, Insurance Industry Responds
Oct 19 2015 // The claims filing and damage recovery process is underway in South Carolina after the mega-storm that hit the state Oct. 1 through Oct. 5 brought extensive damage statewide with some areas receiving more than two feet of...
Wal-Mart Sues Insurers for Alleged Breach of Contract in Morgan Settlement Case
Oct 16 2015 // Wal-Mart Stores Inc. recently filed a lawsuit against a number of its commercial excess liability insurers. The lawsuit alleges that the insurers are delaying to pay claims related to the giant retailer’s personal...
Texas All Risk General Agency Receives Special Recognition for Advancements in Technology from Nautilus Insurance Group
Oct 16 2015 // Dallas, TX, October 14 2015- Nautilus President Tom Kuzma presented the award at the company’s 30th Anniversary celebration in Whistler, British Columbia on September 29th. The carrier’s top MGA partners were...
Chris Cox Appointed President of Old Dominion Insurance Co.
Oct 16 2015 // The Main Street America Group, a super-regional property/casualty mutual insurance holding company, has appointed Chris Cox to president of Old Dominion Insurance Co., its primary writing company and brand throughout...
Ohio Megachurch, Insurer Disputing Payment of Lawsuit Settlement
Oct 15 2015 // Lawyers for a central Ohio megachurch and its former insurance company are squaring off in the Ohio Supreme Court over payment of $3.1 million settlement in a lawsuit over the alleged beating of a toddler at the...
Ironshore Named Oracle Team USA’s Insurer for 2017 America’s Cup
Oct 15 2015 // Bermuda-based Ironshore Inc. has been named Official Insurer for Oracle Team USA for the 35th America’s Cup. The announcement said the company will “provide comprehensive insurance coverage for the team, from...
XL Catlin Bermuda Creates New Prof. Lines D&O Excess Side A ‘DIC’ Policy
Oct 15 2015 // XL Catlin’s Professional Lines Insurance Operations in Bermuda announced the launch of a new Directors & Officers lead excess ‘Side A’ Difference In Conditions (DIC) policy, “to address various...
Comparing Mutual to Stock Insurers Is Like Comparing Marathoners to Sprinters
Oct 15 2015 // A.M. Best’s recently released 2015 “Mutuals at a Glance” report is an interesting report on differences between mutual and stock companies in key areas of performance. In its pages is a depiction of a...
Insurers in Massive California Fires Agree to Claim Handling Reforms
Oct 14 2015 // Insurers handling wildfire damage from the Valley and Butte wildfires last month in Northern California has agreed to a claims handling process to help fire victims begin their recovery more quickly, Insurance Commissioner...
ProPublica, NPR: Inside Corporate America’s Campaign to Ditch Workers’ Comp
Oct 14 2015 // This article was published by ProPublica and NPR and is reprinted with permission. Standing before a giant map in his Dallas office, Bill Minick doesn’t seem like anyone’s idea of a bomb thrower. But backed by...
Indiana’s Butler University Creating Student-Run Insurer
Oct 14 2015 // Almost a quarter of the insurance industry is set to retire by 2022, and Butler University’s College of Business in Indianapolis is preparing its graduates to fill those voids by establishing its own student-run...
South Carolina Issues Data Call for Insurers Dealing with Storm Claims
Oct 14 2015 // The South Carolina Department of Insurance (SCDOI) has issued a catastrophe claims data call relating to the flood event that hit the state beginning Oct. 1 and its aftermath. In accordance with South Carolina Code of Laws...
Conn. Warns Insurers Not to Terminate Home Policies Over Foundation Problems
Oct 13 2015 // The Connecticut Insurance Department sent a notice to insurers writing homeowners insurance in the state, notifying them they are not allowed to cancel or non-renew homeowners policies based on foundation...
South Carolina Insurance Head Issues Emergency Orders for Storm Recovery
Oct 13 2015 // The South Carolina Department of Insurance (SCDOI) has issued two bulletins to insurers in an effort to aid with storm recovery efforts in the state. South Carolina Insurance Director Raymond Farmer issued an emergency...
Insurance Rules For Valuing Damaged Or Destroyed Property
Oct 13 2015 // Replacement cost does not mean what the client believes or has been told. Insureds assume replacement cost translates into new stuff for old junk – because agents have told them that’s how it works. Well, to be...
Chinese Insurers Seek Strategic Tie-Ups, M&As to Tap Western Expertise
Oct 13 2015 // Chinese insurers are pursuing strategic tie-ups and outright mergers and acquisitions to tap Western expertise. They are keen for knowledge on products, pricing and technology as a nascent Chinese market for health and...
A.M. Best Trend: Negative Insurer Ratings Outnumber Positive in 2015 First Half
Oct 12 2015 // The U.S. property/casualty (P/C) industry’s rating activity over the first half of 2015 turned negative as downgrades and negative outlooks outpaced upgrades and positive outlooks, according to A.M. Best. This...
Insurers Pulling Policies Out of Exchange a Problem for MNsure
Oct 11 2015 // Minnesota insurers have routed thousands of customers away from MNsure, a financial boon for the companies but one that creates enrollment and revenue headaches for an exchange already confronting concerns about long-term...
FERMA Forum Focuses on ‘Great Difficulties’ in an Ever Riskier World
Oct 9 2015 // The FERMA Forum differs from the Reinsurance Rendezvous in Monte Carlo, as it is mainly attended by corporate risk managers, rather than reinsurers and brokers. This year, however, two overriding concerns were uppermost in...
