Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS
Apr 24 2015 // Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules published Thursday, said that...
Pennsylvania Returns $66.8M in Restitution Payments to Consumers in Q1
Apr 24 2015 // Pennsylvania’s Acting Insurance Commissioner Teresa Miller announced Thursday that nearly 5,000 Pennsylvania consumers received $66.8 million in restitution payments or credits through the restoration of stolen...
White Mountains Invests $13M in Title Insurer, OneTitle
Apr 23 2015 // Bermuda-based holding company White Mountains Insurance Group Ltd. has agreed to provide up to $13 million to OneTitle National Guaranty Co. Inc. and will take a minority stake in the company. OneTitle is a licensed New...
Texas Insurers Group Honors 26 Students with Spring Scholarships
Apr 23 2015 // The Insurance Council of Texas (ICT) Education Foundation awarded 26 students at five Texas universities, $21,000 in academic scholarships. The students attend the University of Houston Downtown, the University of Texas at...
‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB
Apr 23 2015 // Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines. On average, small, medium and large accounts...
UPDATE: Claims, Loss Estimates from Australia Storm Climb
Apr 23 2015 // Australia’s Insurance companies are sending assessors into storm-ravaged regions of New South Wales to accelerate the claims process. Insurance Council of Australia CEO Rob Whelan said assessors were visiting...
Texas Home Insurers Seek Lawsuit Protection Despite Healthy Profits
Apr 22 2015 // Texas home insurers saw a third straight year of healthy profits in 2014 due to higher rates and fewer severe storms across the state. But The Dallas Morning News reports a rising tide of lawsuits filed by homeowners in...
Insurers Declare Catastrophe for Storm Battered Parts of New South Wales
Apr 22 2015 // The Insurance Council of Australia (ICA) this morning declared a catastrophe for storm-affected parts of New South Wales [NSW], in particular the Central Coast, Hunter, Greater Sydney Metropolitan and Illawarra...
Insurers with $6 Trillion Mull Mortgage Loans, Private Equity: Goldman Sachs
Apr 22 2015 // Global insurers who oversee more than $6 trillion in assets plan to invest capital in commercial mortgage loans and private equity this year to generate higher returns, a Goldman Sachs Asset Management survey...
Compare.com CEO’s Vision for the Future – Right or Wrong
Apr 21 2015 // As early as 2016 or 2017 commercial insurance will likely be bought and sold regularly over the Internet. That likely-to-be controversial opinion is courtesy of Compare.com CEO Andrew Rose. As he speaks to a reporter, in...
Low Interest Rates ‘Destroying’ Insurance Companies: BlackRock
Apr 21 2015 // Low interest rate policies by central banks around the world are threatening insurance companies and pension funds, said Laurence D. Fink, chief executive officer of BlackRock Inc., the world’s largest asset...
Insurers Urge Faster OK for Drones in Disaster Response
Apr 21 2015 // U.S. companies including insurers and aerospace manufacturers urged federal aviation regulators on Tuesday to speed up the use of drones in disaster response and relief operations in the United States. A report sponsored...
Georgia Supreme Court Sides with XL Specialty in Barring Bad Faith Claim
Apr 20 2015 // The Georgia Supreme Court denied an insured’s bad faith claim against its insurer for its refusal to pay a settlement because the insured settled on the amount without the consent of the insurer that was required by...
Michigan Auto Insurance Bills Passed by Senate
Apr 20 2015 // A divided state Senate approved revisions to Michigan’s auto insurance law that backers said would curtail costs in the only state to require unlimited medical benefits for those severely injured in crashes and that...
Why the Simplex in Cyber Liability Needs to Change
Apr 20 2015 // Our industry loves acronyms and buzzwords. Allacronyms.com publishes a list of 1,086 insurance industry acronyms. Iwebhound.com has an acronym list that is even larger. You can tell when insurance people are talking to...
Southeast Schools Hoping to Fill Need for Insurance Cybersecurity Experts
Apr 20 2015 // The insurance industry, like other businesses, has come to realize it needs to do more to protect its companies, customers, employees and portfolios from cyber threats. Cyber-savvy professionals are in high-demand and are...
Independent Agents Identify Business Opportunities for Carriers: Survey
Apr 17 2015 // Most independent insurance agents are impressed by the carriers they place business with – but most also are interested in adding new company partners. This is one of the preliminary findings of a recent national survey...
Global Alliance Founder Wins License to Operate Mozambique Insurer
Apr 17 2015 // The Mozambican unit of a company set up by Global Alliance Group founder Robert Lewis has won a license to become the southern African nation’s 17th insurer. ICE Seguros, part of London-based International Commercial...
Obama, Insurers Welcome Bipartisan Trade Authority Measure
Apr 17 2015 // The White House would get its desired clarity of authority to negotiate a Pacific trade agreement while lawmakers would get the right to set negotiating parameters and to have a yes-or-no-vote on such pacts under a...
Philadelphia Insurance Companies Announces 4 Promotions
Apr 16 2015 // Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurance company for niche markets, promoted Laura Boylan to vice president of Human Resources....
