Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Oklahoma Commissioner Warns Insurers on Denial of Earthquake Claims
Mar 4 2015 // With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in oil and gas drilling...
High Stakes in Today’s Supreme Court Case on Obamacare Subsidies
Mar 4 2015 // U.S. hospital companies and health insurers face the highest corporate stakes when the Supreme Court hears arguments Wednesday to decide the fate of Obamacare’s subsidies that help people buy health coverage. Since...
ING Plans $2 Billion Sale of Voya Stock to End Investment in U.S. Insurer
Mar 4 2015 // ING Groep NV, the biggest Dutch bank, said it will sell its remaining 19 percent stake in Voya Financial Inc., completing its slow-motion exit from its former U.S. insurance unit. Voya will repurchase $600 million of its...
China: Domestic Insurers Must Boost Capital to Cover Shadow-Banking Risk
Mar 4 2015 // China’s Premier Li Keqiang has told the world’s fastest-growing major insurance industry to boost capital as rating companies warn of shadow-banking investments. Policy providers will need cushions commensurate...
Talbert Named CEO of Texas-Based Insurors Indemnity Cos.
Mar 3 2015 // Waco, Texas-based Insurors Indemnity Companies named Dave Talbert as president and chief executive officer effective March 1. Talbert joined Insurors Indemnity in February 2014 with more than 25 years of industry...
TNCs, State Flood Insurance Among Hot Topics at NCOIL Spring Meeting
Mar 3 2015 // For those whose travel plans weren’t interrupted by the inclement weather, the spring meeting of the tri-annually convened National Conference of Insurance Legislators – held in Charleston, S.C. just as February...
Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier Relationships
Mar 3 2015 // Channel Harvest Research, in partnership with Insurance Journal, is conducting its 2015 national survey of agents’ attitudes about their carrier partners. This is the seventh annual study on key aspects of the...
Home Insurer 1347 PIH Ends Kingsway Contract, Eyes Expansion
Mar 2 2015 // Tampa, Florida-based 1347 Property Insurance Holdings Inc., which sells homeowners insurance in Louisiana and has plans to expand to other coastal states, announced it has bought out the management services contract with a...
Former AIG, MetLife Leader Benmosche Dies at 70
Feb 27 2015 // Robert Benmosche, the combative former chief executive officer of American International Group Inc. who led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout, has died. He was 70. He...
Insurance Carriers Plan Increased Hiring in 2015: Survey
Feb 27 2015 // About two-thirds of insurance carriers expect to hire more employees this year, a new survey finds. According to the semi-annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, 66 percent...
Activist Goldstein Urges Title Insurer Stewart to Sell
Feb 27 2015 // Stewart Information Services Corp. is being targeted by activist Phil Goldstein, who is urging a sale of the property title insurer and seeking control of its board. Goldstein’s Bulldog Investors has amassed more...
MacNeill Group Selected to Grow Commercial Property and Casualty Business
Feb 27 2015 // Sunrise, FL, February 27, 2015 – MacNeill Group, a wholly-owned subsidiary of Team Focus Insurance Group (Team Focus), and a licensed managing general agent (MGA) specializing in commercial, personal, transportation and...
A.M. Best: New UAE Regulations Should Improve Risk Profile of Insurers
Feb 27 2015 // The Insurance Authority (IA) of the United Arab Emirates recently issued new financial regulations, which are well placed to improve the risk profile and policyholder security of UAE insurers, according to A.M. Best in a...
Insurers Targeted in Proposed N.Y. Corporate Whistleblower Protection Law
Feb 26 2015 // Employees who report illegal activity in insurance, banking and financial services would be protected and compensated for their trouble under new legislation proposed by New York State Attorney General Eric...
Florida Court: GEICO on Hook for $100,000 in Additional Attorney Fees
Feb 26 2015 // A Florida court has ruled that one of the state’s largest automobile insurers must pay over $100,000 in attorney fees under the “additional payments” provision of its liability coverage. The Florida Fifth...
Hong Kong-Based AIA Group Beats Estimates With 22% Jump in Profit
Feb 26 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a bigger-than-expected 22 percent increase in full-year profit, led by business growth in China and Hong Kong. Net income climbed to $3.45...
Michigan Pot Grower Who Didn’t Tell Insurer Must Reimburse Fire Claim Payment
Feb 25 2015 // An insurance company that didn’t know about a medical marijuana nursery in a Bay City, Mich., basement can recover more than $130,000 paid after the house was destroyed by fire. A federal appeals court upheld a...
N.J. Bill Seeks to Prohibit Home Insurers From Raising Rates After Single Claim
Feb 25 2015 // A bill currently under consideration in the New Jersey Assembly would prohibit insurance companies from increasing the homeowners insurance policy’s premium based on one claim filed during the policy’s coverage...
Twice-Wounded Sandy Victims Seek Payout as FEMA Presses Insurers
Feb 25 2015 // Some homeowners hit by Hurricane Sandy say they’ve been victimized twice: first by the storm and later by insurers. John Clancy says his insurer, an Allstate Corp. unit, paid just $46,000 of the more than $200,000 in...
1st Cayman Portfolio Insurance Company Formed by Ascension Insurance
Feb 25 2015 // The first portfolio insurance company (PIC) has been formed in the Cayman Islands, as a direct result of new insurance regulations Cayman enacted in January to provide risk management alternatives for insurers incorporated...
