Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers: 1/3 of Work Comp Claims in Midwest Were from Slips, Falls
Nov 17 2014 // Workers’ compensation carriers, Accident Fund Insurance Company of America and United Heartland, report that during last year’s difficult Midwest winter, slips and falls on ice and snow accounted for nearly...
Activist Investor Barington Targets Insurer Software Firm Ebix
Nov 13 2014 // Ebix Inc., a software supplier to the insurance industry, is being targeted by activist investor Barington Capital Group LP, which is seeking talks to nominate additional board members. Barington suggested four independent...
Global Insurers to Bid for Insurance, Pension Units of Halkbank in Turkey
Nov 12 2014 // Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey’s state-run Halkbank of its pension and insurance arms, three sources close to the process said on...
Judge Backs Insurer OneBeacon in Milwaukee Archdiocese Sex Abuse Case
Nov 11 2014 // A federal judge has ruled in favor of an insurance company for the Archdiocese of Milwaukee that challenged whether it was liable for the church’s handling of child sexual abuse cases. U.S. District Judge Rudolph...
ACE Report Urges Risk Managers to Reexamine Capabilities of Insurer Partners
Nov 11 2014 // ACE urged risk managers at multinational European companies to reexamine the capabilities of their global insurance partners as the international regulatory and business environment grows increasingly complex. The...
Ghana’s Biggest Insurer Delays Opening Units in West Africa as Result of Ebola
Nov 10 2014 // SIC Insurance Co., Ghana’s biggest insurer, has put on hold plans to open units in Sierra Leone and Liberia as the nations battle to contain the world’s worst outbreak of Ebola. The company, which was studying...
Aetna to Establish Captive Insurance Company in Connecticut
Nov 10 2014 // Connecticut Gov. Dannel P. Malloy announced last week that Hartford, Connecticut-based health insurer Aetna is establishing its captive insurance company in its home state, becoming the state’s fifth licensed and...
UK Space Travel Insurer Sees No Spike in Queries after Virgin Crash
Nov 10 2014 // UK insurer Pembroke Managing Agency, who recently began offering life coverage for would-be space tourists, said it has seen no increase in interest in the policy following the fatal crash of a Virgin Galactic test space...
Oklahoma AG Warns Against ‘Steering’ to Repair Shops by Insurers
Nov 9 2014 // Oklahoma Attorney General Scott Pruitt is warning citizens of his state about the practice of “steering” — where insurers strongly push consumers to take their vehicles to “preferred” auto body...
Michigan Orders Unlicensed Auto Insurer to Shut Down
Nov 7 2014 // The Michigan Department of Insurance and Financial Services has issued a cease and desist order to an unlicensed auto insurance provider, Great Lakes Michigan Insurance Company, its owner and associated businesses. The...
Univ. of Minnesota Sues U.S. Wireless Carriers Over Patents
Nov 7 2014 // The University of Minnesota sued the four largest wireless carriers in the United States over alleged patent infringement. Complaints filed in U.S. District Court in Minnesota contend that AT&T, Sprint, T-Mobile and...
Insurer James River Group Files for IPO
Nov 7 2014 // James River Group Holdings Ltd, a Bermuda-based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw & Co LP’s affiliates own...
Insurers: One-Third of Work Comp Claims in Midwest Were from Slips, Falls
Nov 6 2014 // Workers’ compensation carriers, Accident Fund Insurance Company of America and United Heartland, report that during last year’s difficult Midwest winter, slips and falls on ice and snow accounted for nearly...
Litmus Analysis on S&P’s Decision to Withdraw ‘Public Information’ Ratings
Nov 6 2014 // A report from London-based Litmus Analysis examines the decision by Standard & Poor’s to withdraw “its entire North American and EMEA ‘pi’ (public information based) insurance ratings. This...
Blue River Underwriters D. Scott Tramel and John Searles Launch USL&H and Maritime Employers Liability Insurance Program
Nov 6 2014 // KENNESAW, GA, November 6, 2014 — Blue River Underwriters, a division of Breckenridge Insurance Group, has introduced a new United States Longshoreman and Harbor Workers Act (USL&H) and Maritime Employers Liability...
Low Disaster Claims Boost Profits in Third Quarter for European Insurers
Nov 6 2014 // European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines...
Big Data: It Isn’t Just for Carriers
Nov 5 2014 // This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry has...
Canadian P&C Insurer Intact Financial’s 3rd Quarter Profit Rises
Nov 5 2014 // Intact Financial Corp., Canada’s largest property and casualty insurer, reported a more than four-fold rise in quarterly profit, helped by a sharp fall in catastrophe losses. The company’s profit last year was...
South Carolina Approves CAT Models, Weighs Building Public Model
Nov 4 2014 // South Carolina regulators have approved seven private catastrophe models for use in ratemaking while conducting a legislatively mandated study on the feasibility of constructing a public model. South Carolina Insurance...
Foreign Mortgage Bond Buyers Surpass Danish Pension Funds, Insurers
Nov 4 2014 // International investors are overtaking Danish pension funds and insurers as the biggest buyers of the Nordic country’s covered mortgage bonds, creating new risks for the $500 billion market. The institutional...
