Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett
Aug 28 2015 // Investors hunting for yield after a global financial rout might well take a detour to the headquarters of a tiny insurance company hidden away along a highway in west Dublin. Just as world markets cratered on August 24,...
European Re/Insurers Well Positioned to Withstand Market Volatility: A.M. Best
Aug 27 2015 // European re/insurers are well positioned to withstand the current volatility in the stock markets, having made significant changes to their investment portfolios since the global financial crisis of 2008, as well as the...
Insurers Paid $12.9M in Claims Stemming From Baltimore Riot
Aug 26 2015 // The Maryland Insurance Administration says insurance companies have paid $12.9 million in claims stemming from civil unrest in Baltimore linked to the death in April of Freddie Gray. The agency said Tuesday that the...
Maine Issues Bulletin Prohibiting Use of Price Optimization
Aug 26 2015 // Maine Insurance Superintendent Eric A. Cioppa stated in a bulletin published Monday that in Maine, personal lines property/casualty insurers that use price optimization should submit revised rate filings removing such...
Ohio Licenses First Captive Insurance Company
Aug 26 2015 // Lieutenant Governor Mary Taylor announced that Imprise Financial PCC Inc. is now licensed as Ohio’s first ‘protected cell’ captive insurance company. Through its protected cells, Imprise Financial will...
Hurricane Katrina: The Numbers Tell Their Own Story
Aug 26 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
Brazil Insurer Caixa Seguridade, Reinsurer IRB Plan IPOs to Raise $3.6 Billion
Aug 26 2015 // Brazilian insurer Caixa Seguridade Participações SA and reinsurer IRB Brasil RE SA on Tuesday filed plans for initial public offerings that their shareholders expect to raise a combined 13 billion reais ($3.6 billion)...
California Commissioner Applauds Supreme Court Decision Against Hartford
Aug 25 2015 // California Insurance Commissioner Dave Jones is praising a recent unanimous California Supreme Court decision that he said ensures policyholders are protected from insurers refusing to cover third-party liability claims...
How to Know What Insurance Customers Want
Aug 25 2015 // What do today’s customers want from insurance providers? They want understanding, interaction, even a relationship. But they vary in when and how they wish to learn, interact and build a relationship. Insurance...
Small Fleet Managers Would Choose Insurer for UBI Service: Survey
Aug 25 2015 // More than half of small fleet managers are likely to stay with their current insurance carriers rather than switching if their insurer offers usage-based insurance (UBI) programs, according to a new survey by analytics...
Pennsylvania Says Insurers Are Prohibited From Using Price Optimization
Aug 24 2015 // Pennsylvania Insurance Commissioner Teresa Miller has issued an official notice warning the state’s insurers that they are prohibited from using the price optimization techniques in property/casualty insurance...
Amlin’s CEO Philipps Dampens Market Rumors That Insurer Is for Sale
Aug 24 2015 // Amlin plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd’s of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. “We are not for sale, we...
Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project
Aug 21 2015 // Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the...
Pakistan Plan for $46B Economic Corridor with China Set to Boost Insurers
Aug 21 2015 // Pakistan Prime Minister Nawaz Sharif’s $46 billion plan for an economic corridor with neighboring China as part of his revival push is promising to boost the prospects of the nation’s insurers. Adamjee...
Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P
Aug 21 2015 // Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we...
Lawsuit Relief Needed for TWIA Depopulation Plan to Work: Lawmakers
Aug 21 2015 // A new law that becomes effective Sept. 1 in Texas will give the state’s property insurer of last resort for wind and hail along the coast more leeway in a plan to reduce its overall exposure by incenting private...
A.M. Best Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast
Aug 20 2015 // As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to...
Blue River Underwriters Adds Experienced Leadership to Auto Dealers and USL&H Programs
Aug 19 2015 // Pictured left to right: Michael Mahoney and Susan Doyle Atlanta, GA, August 19 2015 — As part of the growth plans for its Auto Dealer and United States Longshoreman & Harbor Workers Act (USL&H) insurance...
California Insurance Company Oversight Law Signed
Aug 18 2015 // California Gov. Jerry Brown has signed Assembly Bill 553, which establishes new oversight aimed at reducing the number of insurance company insolvencies. AB 553 was authored by Assemblyman Tom Daly, D-Anaheim, and was...
UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers
Aug 18 2015 // Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday. Credit...
