Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Healthcare Overhaul Boosts Earnings at Insurer WellPoint
Oct 30 2014 // Indianapolis, Ind.-based WellPoint raised its 2014 earnings forecast again and trumped third-quarter expectations as the overhaul of the healthcare system adds millions to the nation’s health insurance rolls, and at...
Korean Regulators: Insurers Must Boost Capital to Prepare for Aging Population
Oct 30 2014 // South Korea’s insurers have been told by regulators to boost capital to prepare for an aging population, with the United Nations predicting a world-beating average life expectancy of 95.5 years by the end of the...
German Insurer Uses Phone App to Help Improve Young Driver Safety
Oct 30 2014 // Signal Iduna, a German insurance provider, has launched a new car insurance policy through ‘sijox’, its young customer brand. “AppDrive powered by TomTom” uses a smartphone app to provide feedback...
Heaven & Hail: Hail Insight and the Damage it Brings
Oct 30 2014 // This post is part of a series sponsored by CoreLogic. Hail Damage by the Numbers Damage from convective storms continues to capture the attention of both the public and insurers because of the increase in the number of...
South Carolina Liquidating Commercial Auto Insurer First Keystone
Oct 29 2014 // The South Carolina Department of Insurance last week declared an insurer that specialized in providing commercial auto insurance to be insolvent and the insurer is now being liquidated. The First Keystone Risk Retention...
China Insurers Face Shadow Banking Default Risk: Ratings Agencies
Oct 29 2014 // A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust...
Top 10 Market Conduct Issues for P/C Insurers
Oct 28 2014 // A review of state insurance regulators’ examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to be the top criticisms. According to compliance...
Private Insurers Weigh Backing Veterans’ Mortgages
Oct 28 2014 // Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of the market. The Department of Housing and Urban Development is urging mortgage insurers...
Global Regulators Set Capital Rules for 9 Too-Big-to-Fail Insurers
Oct 23 2014 // Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. The International...
Chairman of Key House Committee for Insurers Could Face Challenge
Oct 23 2014 // House Financial Services Committee Chairman Jeb Hensarling is facing a long-shot challenge to his chairmanship from an Oklahoma Republican. Representative Frank Lucas announced he is considering opposing Hensarling for the...
Some Insurers Exclude Ebola; Others Offer New Products
Oct 23 2014 // As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses...
Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’
Oct 22 2014 // A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the...
Pageler Named Chair of National Insurer Group’s Fraud Committee
Oct 22 2014 // Ranney Pageler, vice president of fraud investigations at Employers Insurance, has been named chair of the Property Casualty Insurers Association of America (PCI) Fraud Committee. Pageler, who is based in Austin, Texas,...
Landslide Cleanup Deal Reached in Oregon, Insurers to Pay
Oct 22 2014 // A legal path has been cleared for hundreds of tons of debris to be removed from a waterway south of Coos Bay, Ore. that’s home to federally protected coho salmon and green sturgeon. In April 2012, a massive...
North Carolina Opens Hearing on Homeowners Rate Hike
Oct 22 2014 // North Carolina’s insurance commissioner on Monday began deciding whether to allow homeowners’ coverage costs to rise by as much as 35 percent even as some insurers demand even higher rates in agreements with...
Average Claims Experience Not Enough to Retain Customers: Accenture
Oct 22 2014 // Although a large majority (86 percent) of home and auto insurance customers who have submitted a claim in the past two years are satisfied with how it was handled, 41 percent of those who have submitted a claim are still...
Eight P&C Insurers Get Top Marks for Climate Change Risk Management
Oct 22 2014 // Munich Re and ACE Ltd. are among insurers that are best prepared to manage risks related to climate change, a lobbying group said. The nine insurers that were found to be integrating climate change into underwriting and...
Record Aviation Claims Driving Up Premiums
Oct 21 2014 // Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty bill dwarfs the $60-$90...
Jury Finds Texas Windstorm Insurer Adequately Paid City for Ike Claims
Oct 21 2014 // Texas’ wind and hail insurer of last resort in coastal areas announced that a judgment has been entered in its favor in a lawsuit brought by League City in Southeast Texas. The judgment signed on Oct. 16, 2014, by...
10 Insurance Myths (Men Are More Likely Than Women to Believe 8 of Them)
Oct 21 2014 // Men may be more gullible when it comes to insurance myths than women but even women think a number of popular myths about insurance are true, according to a survey by online insurance seller insure.com. Insure.com said it...
