Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Growth Business: Helping Insurers Recoup Personal Injury Medical Costs
Jun 11 2015 // George Rawlings grabs a stack of computer printouts and stretches them six feet across his office, admiring data from police reports of Florida auto accidents: the names of those hurt and the severity of their...
CBO Confirms Private Insurers Could Take on Way More Terrorism Risk
Jun 11 2015 // I hate to say I told you so. Actually, scratch that. I love to say I told you so. I just wish it weren’t necessary in this case. Back in January, when Congress passed a six-year extension of the federal backstop for...
Health Insurers Ask Pennsylvania Regulators for Big Rate Hikes
Jun 10 2015 // A national upswing of health insurance rates is coming to Pennsylvania, and that could mean bigger-than-expected cost increases next year for at least a couple hundred thousand Pennsylvanians who bought insurance in the...
Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer
Jun 10 2015 // Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine...
Hewlett-Packard’s Insurers to Pay $100M into Autonomy Settlement Fun
Jun 9 2015 // Hewlett-Packard Co. confirmed today that it has agreed to a settlement with PGGM Vermogensbeheer B.V., the lead plaintiff in the securities class action arising from the impairment charge taken by HP following its...
Lloyd’s Specialist Insurer Marketform Promotes Two Underwriters
Jun 8 2015 // Specialist Lloyd’s underwriter Marketform has announced the promotion of Ian West to Head of Financial and Professional Lines. He will also continue as the Class Underwriter for Financial Lines, reporting to Chief...
Polish State-Controlled Insurer PZU Expands Bank Asset Buying
Jun 8 2015 // Poland’s state-controlled insurer PZU is buying up banking assets with the government’s blessing under a plan to create a major home-grown bank that can challenge the local businesses of major foreign...
Texas Windstorm Insurer Highlights Improvements Made Since 2011
Jun 5 2015 // Texas windstorm insurer of last resort for coastal counties has released its annual report, which it says shows the practices and procedures of the organization have improved greatly since 2011. That was the year the Texas...
What Agents Want for Future Growth: Channel Harvest Survey
Jun 4 2015 // Most independent insurance agents are interested in adding new carriers to those they place business with – but very few independent agents are interested in adding new products to the selection of products and services...
Florida Governor Vetoes Changes to Citizens Depopulation Program
Jun 4 2015 // Florida Gov. Rick Scott has vetoed legislation that would modify Citizens Property Insurance Corp.’s depopulation program enacted to lower the state-created insurer of last resort’s policy count and reduce its...
ISO Drone Insurance Coverage Options Now Available to Insurers
Jun 3 2015 // ISO’s new coverage and exclusion options for commercial drones took effect this month in most ISO jurisdictions. The options were designed to provide insurers with tools to help develop insurance programs for...
Health Insurers in Illinois, Michigan Seeking Rate Hikes for 2016
Jun 3 2015 // Blue Cross Blue Shield and Blue Care Network, which sell medical insurance to more than half of Michigan residents who buy their own coverage under the federal health care law, are seeking 2016 premium increases that...
Exec’s Parting Shot: Flood Insurance Program Is a ‘Melting Iceberg’
Jun 3 2015 // The outgoing director of the National Flood Insurance Program (NFIP) says the program is a “melting iceberg” that is incapable of properly managing its various players including the private insurance carriers...
Some Insurers Seeking 10-20% Rate Hikes on Obamacare Businesss
Jun 3 2015 // U.S. health insurers are submitting their 2016 rate requests for Affordable Care Act policies, with some asking for big increases as they adjust to customers who’ve recently gained coverage through the...
‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec
Jun 3 2015 // The risk of a British exit [‘Brexit’] from the European Union is causing major political uncertainty for the insurance industry, the chief executive of the Association of British Insurers (ABI) said on...
Chinese Insurers Send Claims Teams to Site of Yangtze Ship Disaster
Jun 3 2015 // PICC Property and Casualty Co. Ltd., the insurer of a ship that capsized in China’s Yangtze River on Monday, and other insurers have sent teams to the site to settle claims in connection with what could be the...
U.S. Appeals Court Revives Suit in N.H. School’s Missing Policy Case
Jun 2 2015 // The U.S. Court of Appeals for the First Circuit has revived a New Hampshire private school’s lawsuit seeking to prove that it is still covered by an insurance policy from almost 50 years ago even though there are no...
Insurers Can Track Mileage with Policyholders’ Smartphones
Jun 2 2015 // Property/casualty insurance information company Verisk Insurance Solutions is teaming with technology firm Vehcon to provide insurance companies with the ability to collect automobile odometer readings for insurance rating...
A.M. Best: London Market Insurers Face Challenges; Balance Sheets Strong
Jun 2 2015 // Trading conditions are difficult in the London market as insurers contend with changing buying habits, an influx of alternative capital and global economic uncertainty, according to a special report published by A.M....
Insurer PZU Seeks to Create Top Polish Bank after $431 Million Deal
Jun 1 2015 // PZU SA, Poland’s biggest insurer, is in talks to buy two banks to form one of the nation’s largest lending groups after agreeing to acquire a stake in Alior Bank SA for 1.63 billion zloty ($431...
