Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
UK Chief Regulator Appeals to Insurers as She Fights to Keep Top Job
Nov 4 2015 // UK Financial Conduct Authority acting chief Tracey McDermott appealed to insurers to get behind the regulator, setting out her plans for the industry as she fights to keep the top job. “While our roles are different,...
Insurers Deny Coverage to Illinois School District in Sex Abuse Case
Nov 3 2015 // A southwestern Illinois school district that paid $5.6 million to settle four lawsuits alleging sexual abuse of students by a former superintendent says its insurers are denying coverage for a fifth complaint. The Freeburg...
Do’s and Don’ts of E&O Suits
Nov 3 2015 // Ask any agent who has suffered through an errors and omissions (E&O) suit and they will provide sage-like insight into the professional and even personal trials created by such an ordeal. Years ago I met an agent who,...
Aegon, Transamerica’s Owner, Added to FSB’s List of 9 Too-Big-to-Fail Insurers
Nov 3 2015 // Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., has been added to a list of insurers deemed systemically important by global financial rule makers, while Italy’s Assicurazioni Generali SpA was...
Top 25 Workers’ Compensation Insurers
Nov 2 2015 // The U.S. workers’ compensation market saw solid gains in 2014, thanks in part to premium increases and favorable claims frequency. This was the fourth consecutive year in which the industry reported improved results,...
As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs
Nov 2 2015 // American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400...
A Landslide of Bad Ideas
Nov 2 2015 // Landslides are a problem for which the United States has yet to come up with an answer. A recent essay by Penn State University law professor Christopher C. French – titled “Insuring Landslides: America’s...
A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Nov 2 2015 // Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases...
Big Health Insurers Still View Obamacare as Big Opportunity
Nov 2 2015 // Slipping enrollment and struggling competitors have done little to shake the faith that the nation’s biggest health insurers have placed in the Affordable Care Act’s public insurance exchanges. Aetna executives...
Connecticut Warns Homeowners Insurers
Nov 2 2015 // The Connecticut Insurance Department sent a notice to insurance companies writing homeowners insurance in the state on Oct. 6, notifying them that they are not allowed to cancel or non-renew homeowners policies based on...
Wal-Mart Accuses Insurers of Bad Faith in Tracy Morgan Case
Nov 2 2015 // Wal-Mart Stores Inc. has 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 settlement paid...
Oklahoma Commissioner to Insurers: Clarify Earthquake Coverage
Nov 2 2015 // In response to questions from consumers about earthquake coverage, Oklahoma Insurance Commissioner John Doak is requiring property insurers in the state to issue a clarifying notice of earthquake coverage. In announcing...
Mutual vs. Stock Insurers
Nov 2 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...
New British Insurance Premium Tax Hike Could Further Squeeze Insurer Margins
Oct 30 2015 // A tax hike on British motor and home insurance policies effective from Sunday is set to hit consumers and could trigger a fresh round of margin-squeezing price competition among general insurers. The jump in the insurance...
Florida Regulators ‘Encouraged’ by Insurers’ Stress Test Results
Oct 29 2015 // Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in the state, according to the Florida Office of Insurance’s 2015 Data Call and subsequent stress...
Argentina Regulator Says Insurers’ Dollar Assets Cannot Exceed Liabilities
Oct 28 2015 // Argentina’s insurance regulator changed the rules governing the amount of foreign currency holdings the companies can keep, which could prompt the firms to sell assets to meet a year-end deadline. Insurance companies...
Insurers Unprepared for Costs of Climate Change, Warns UN Climate Diplomat
Oct 28 2015 // Insurers are unprepared for the costs of climate change, the top United Nations climate diplomat said as world leaders make final preparations for a deal on global warming. The agreement, which the UN expects to seal in...
Erie Indemnity CEO Cavanaugh to Retire at End of 2016
Oct 26 2015 // Erie Indemnity Co. announced that Terrence W. Cavanaugh, president and chief executive officer, will retire at the close of 2016. Erie Indemnity Company provides management services to the member companies of the Erie...
Hurricane Patricia Targets Mexico; 400K People, Ports, Insurers at Risk
Oct 23 2015 // Hurricane Patricia, the strongest in the history of the Americas, prepared to barrel into Mexico’s Pacific coast Friday, sending guests fleeing hotels in the Puerto Vallarta resort area. About 400,000 people are...
Best Affirms Munich Re and Subs Ratings; Outlook Stable
Oct 23 2015 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the...
