Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
‘Seismicity’: Re/insurers Ponder the Impact of Human-Caused Earthquakes
Jul 6 2015 // Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,”...
BP Settlement Doesn’t Cover Claims by Insurers, Banks, Casinos and Others
Jul 5 2015 // BP Plc’s record $18.7 billion settlement ended government claims over the 2010 Gulf of Mexico oil spill, leaving numerous smaller private lawsuits to be mopped up. While investors, residents and businesses that...
Regulatory Review of Aetna’s Humana Deal Could Affect Other Insurer Deals
Jul 5 2015 // Aetna Inc.’s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the sector more...
Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking
Jul 2 2015 // Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking. The Vermont Department of Financial Regulation (DFR) noted in the bulletin that some...
Loyalty to Insurer Doesn’t Always Pay Off for Drivers
Jun 30 2015 // When Jonathan G. Stein became unhappy with his long-time car insurance carrier earlier this year, the 41-year-old lawyer from Elk Grove, California switched to a new company. How was he rewarded for his disloyalty after...
Web Services Turns Hit Ratios Upside Down for Surplus Lines MGA.
Jun 30 2015 // Dallas, TX, June 30 2015–To use a baseball metaphor, Texas All Risk General Agency (TAR) is batting .725 with Atlantic Casualty Insurance Company at the mid-year point. According to TAR VP David Day, “With the All...
Texas Court Denies Insurer’s Reinsurance Tax Break Argument
Jun 29 2015 // A Texas appeals court has ruled that an insurer can’t recoup premium taxes reluctantly paid on reinsurance agreements with two public employee self-insured risk pools on the grounds that the risk pools aren’t...
Global Insurance Regulators Postpone Tougher Capital Standards
Jun 26 2015 // Global insurance regulators will take more time than previously planned to address industry concerns before applying tougher capital rules to some of the largest companies they oversee. Capital rules for global insurers,...
Supreme Court Opinion To Have No Effect on Health Insurers: S&P
Jun 25 2015 // Today’s Supreme Court opinion upholding current tax subsidies under the Affordable Care Act (ACA) will not have any impact on rated U.S. not-for-profit and for-profit health insurance firms since it continues the...
Insurers Disappointed as Supreme Court Backs Disparate Impact Claims
Jun 25 2015 // The U.S. Supreme Court said people who file housing-discrimination suits don’t have to show they were victims of intentional bias, in a blow to lenders and insurers and a surprise legal victory for the Obama...
‘Seismicity’ – Re/Insurers Ponder the Impact of Human-Caused Earthquakes
Jun 24 2015 // Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,”...
Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts
Jun 24 2015 // Lloyd’s of London has stopped insuring marijuana industry firms of any kind due to conflicts between federal and state laws over their legality. In a May 29 memo addressed “Dear Colleague,” obtained by...
ThoughtWorks Provides New Thinking for Insurers’ Software Needs
Jun 24 2015 // Wardour Street in Central London’s SoHo district has long been known for film and TV productions, but it’s now home to hi-tech enterprises as well. Jaydeep (Jay) Korde, client principal at ThoughtWorks, one of...
North Carolina Approves Amendments to Captive Insurance Law
Jun 24 2015 // Amendments proposed to the North Carolina Captive Insurance Act by the North Carolina Department of Insurance were met with unanimous support from the N.C. General Assembly and signed into law on June 19, 2015. Some of the...
Low Interest Rates Challenge European Insurers: A.M. Best Report
Jun 23 2015 // The low interest rate environment represents a significant challenge for insurers, according to a report published by A.M. Best. “European insurers are struggling to generate investment income as the majority of...
Most Drivers Mum About Ridesharing, Although Many Agents Ask
Jun 23 2015 // Roughly three quarters of ridesharing drivers don’t have ridesharing insurance, and nearly eight-in-10 conduct their ridesharing activities covertly and keep their insurer or agent in the dark. Two informal polls...
‘Boyhood’ Director Linklater Loses Suit Against Insurer
Jun 22 2015 // “Boyhood” director Richard Linklater again has lost in a lawsuit against his insurance company over what he says was $500,000 in property and film memorabilia destroyed by Texas wildfires in 2011. A Texas...
Insurers, Bankers Can’t Be Scared Into Doing Right Thing: PwC Survey
Jun 22 2015 // A get-tough approach to poor employee performance, in terms of behavior and reaching targets, risks creating a climate of fear and breeding more unethical conduct in financial services – the opposite of what regulators,...
How Obamacare Has Avoided Death Spiral
Jun 19 2015 // Not so long ago, critics of Obamacare were warning of death spirals, the risk that too many sick people and not enough healthy ones would sign up for insurance, triggering a cycle of ever higher costs for insurers and...
World Cup Insurers Face Many Claims, Disputes Over Russia, Qatar
Jun 19 2015 // World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of...
