Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
The Scoop on Recall Insurance and Listeria-Linked Ice Cream
May 22 2015 // While peanut butter and cantaloupe made big news in recent years, ice cream is now the latest item to be pulled off grocery store shelves due to foodborne-illness. Brenham, Texas-based Blue Bell Creameries’...
Health Insurer CareFirst Says Cyberattack Stole Data of 1.1M Users
May 21 2015 // CareFirst BlueCross BlueShield, which sells health insurance in Maryland, Virginia and the District of Columbia, said on Wednesday that a cyberattack compromised the data of 1.1 million current and former...
Brokerslink Signs Partnership Pact with African Insurer Saham Finances
May 21 2015 // Independent broker network Brokerslink has signed a three year strategic partnership agreement with pan-African insurance group, Saham Finances. The bulletin said the agreement one of the biggest pan-African insurance...
Missouri General Joins Keystone Insurers Group
May 20 2015 // St. Louis, Mo.-based agency Missouri General Insurance Agency has become a franchise partner in Keystone Insurers Group. Missouri General offers business and personal insurance, and benefits and financial...
Montana Bank and Insurer Sue Over Who Pays $24.5M Verdict
May 20 2015 // First Interstate Bank and its insurer are suing each other over who gets to pay a defunct Missoula, Mont. logging company its $24.5 million verdict upheld by a state judge in April. The Missoulian reported Kelly Logging...
Courts and Carriers Can Misapply the Absolute Pollution Exclusion
May 19 2015 // Never let it be said that an exclusion would or could be misapplied; but the absolute pollution exclusion likely qualifies as the most misapplied exclusion within the commercial general liability (CGL) policy. Reasons for...
Florida Bans Price Optimization; Insurers Question Definition
May 19 2015 // A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group and jeers from an...
A.M. Best: Middle Eastern Insurance Market Primed for M&As, Stakebuilding
May 18 2015 // Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy...
Insurers Get Ready to Comply With New Mississippi Property Insurance Clarity Act
May 18 2015 // Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the...
Insurers Warn Against Encroachment on State Regulation
May 18 2015 // Insurance companies are calling for Congress to ensure state-based insurance regulation remains protected from federal or international “regulatory encroachment.” “Congress must now increase its oversight...
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 18 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
Wearable Devices in Insurance
May 18 2015 // Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry. According to a survey in Accenture’s annual Technology Vision report, where more than 200 insurance executives...
Bitcoins: The Next Cyberinsurance Risk?
May 18 2015 // Consumers around the world are racking up more than 100,000 financial transactions every day without using cash, credit cards or a barter system. How are all those buyers doing it? With Bitcoins, of course. The growing use...
Cyber, Talent, Data Among Game Changers for Insurers
May 18 2015 // Protecting clients against growing and poorly understood risks associated with information technology system failures is a leading concern of the insurance industry today, according to a group of prominent underwriters and...
Texas Senate Passes Property Claim Litigation Bill
May 18 2015 // The Texas Senate on April 30 passed a bill aimed at stemming the onslaught of property claim litigation that has been occurring with increasing frequency in the state following natural catastrophes. Advocates of Senate...
Fracking, Earthquakes and Insurance: A Collision Course?
May 18 2015 // There is increasing information suggesting that hydraulic fracturing, commonly known as “fracking,” is not all it’s cracked up to be. While it is clear that the resurgence of oil and gas production in the...
When Dogs Bite, Home Insurers Pay Average $32,000
May 15 2015 // Max, Bella and their canine comrades cause more than one-third of all home insurance claims, adding $530 million a year to insurance costs. And while the number of claims is down, the cost of the average claim from dog...
ACE’s 10 Tips to Help Brokers Place Effective Multinational Insurance Programs
May 14 2015 // When ACE Group last month launched ACE Multinational Partner, a package cover for UK & Ireland-based companies with one or more overseas subsidiary, it discovered that brokers were concerned about lack of knowledge and...
Fitch Upgrades Citizens to ‘AA-‘, Outlook Stable
May 14 2015 // Fitch Ratings has upgraded the rating on the following senior secured bonds of the Citizens Property Insurance Corp., FL, PLA/CLA to ‘AA-‘ from ‘A+’: –$1.1 billion series 2012A-1; –$200...
Texas Construction Safety Group Gets $2.1M Dividend from Insurer
May 13 2015 // Workers compensation insurer, Texas Mutual Insurance Co., recently awarded a dividend of $2,159,751 to the Texas Construction Association safety group. The dividend was earned based on the group members’ dedication...
