Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Detroit Close to Deal with Second Bond Insurer
Oct 15 2014 // Lawyers for Detroit and a major creditor say they’re close to a settlement in the city’s bankruptcy case. The disclosure was made on Oct. 14 as Judge Steven Rhodes resumed a trial on Detroit’s plan to fix...
U.S. Eyes Sale of New York’s Waldorf Hotel to Chinese Insurer
Oct 15 2014 // Concerned about potential security risks, the U.S. government is taking a close look at last week’s sale of New York’s iconic Waldorf Astoria hotel to a Chinese insurance company. U.S. officials said Monday...
Insurer Group Honors 3 Tennessee Lawmakers for Litigation Funding Law
Oct 15 2014 // The National Association of Mutual Insurance Companies presented its State Legislator of the Year Award to three Tennessee state legislators. Reps. Curtis Johnson and Charles Sargent and Sen. Jack Johnson were recognized...
A.M. Best: Prospects Improve for Insurers in ASEAN Market
Oct 15 2014 // While integration of insurance markets among the 10 member states of the Association of Southeast Asian Nations (ASEAN) has a long way to go, the prospects for closer connectivity in a region with vibrant growth give...
A.M. Best: UK Non-Life Insurers’ Profits Under Pressure
Oct 14 2014 // Profit margins in the U.K. non-life insurance sector are under pressure this year as companies fight to maintain pricing discipline in an extremely competitive market, according to a new A.M. Best special report. Premium...
Ebola Tests Insurers’ Medical Evacuation Services As Airlines Cut Flights
Oct 13 2014 // Leading companies offering medical evacuation services are drawing a line at flying Ebola patients out of West Africa for treatment abroad as the cost and the complexities of the deadly epidemic grow. Several airlines have...
P/C Insurers Rush to Meet Rising Demand for Cyber Insurance
Oct 9 2014 // Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this...
EU Eases Insurers’ Capital Rules to Lure Infrastucture Investments
Oct 9 2014 // Insurers are attracting the attentions of European Union policy makers who are trying to spur investment in long-term infrastructure projects needed to undergird the regions stuttering economic recovery. The European...
South Dakota Proposal on Doctor Choice Opposed by Health Insurers
Oct 9 2014 // South Dakota patients could have more choice of doctors within their health insurance networks if voters approve a ballot measure that is drawing strong opposition from the health insurance industry. The proposal on the...
Washington Commissioner Disciplines Insurers, Producers
Oct 9 2014 // Washington Insurance Commissioner Mike Kreidler in September disciplined several insurance companies, agents and brokers who violated state insurance regulations. Following are the names of the parties, their locations and...
Insurers for Sears Suppliers Pulling Back; Retailer Says Finances Fine
Oct 9 2014 // Three of the biggest insurance firms for Sears Holdings Corp.’s suppliers are seeking to reduce coverage, prompting at least one medium-sized vendor to halt shipments to the department-store chain, people with...
Fosun Investment Head to Manage Europe Insurer Investments
Oct 9 2014 // Fosun Group, China’s biggest closely- held conglomerate, hired Hong Kong’s best-performing bond fund manager from Bocom International Holdings Co. to manage investments for its European insurers. Tongli Han,...
New Jersey Transit Sues Insurers Over Sandy Losses, Seeks $300M
Oct 8 2014 // New Jersey Transit, the nation’s third-largest bus, rail and light rail transportation provider, is suing several excess insurers to recoup additional $300 million for Superstorm Sandy losses. NJ Transit says its...
Insurer Rate Filings Now Available Online in Oklahoma
Oct 8 2014 // Oklahomans can learn more about insurance company filings by using a new online tool that contains rate filings for property, casualty, life and health insurance products, the Oklahoma Insurance Department...
High Net Worth Insurer, Crestbrook, Expands into Indiana
Oct 8 2014 // Crestbrook Insurance Co., an affluent market personal lines offering from Nationwide, announced its expansion into Indiana. Crestbrook offers insurance products through appointed agents and brokers that address the unique...
Local Governments May Be Affected by Breach at Bond Insurer MBIA
Oct 8 2014 // Bond insurer MBIA was told two weeks ago about a server breach that compromised the data of thousands of local U.S. government entities, but it did not address the problem until earlier this week, according to the cyber...
Southern California Agent Arrested For Scamming Insurers For $1.4M
Oct 6 2014 // Eric Lee, 64, of Orange County, Calif., was arrested last week by the California Department of Insurance and charged with 20 felony counts, including grand theft and allegedly providing false or misleading information to...
Louisiana’s 37-acre Sinkhole Spawns Insurance Fight
Oct 6 2014 // The collapse of a portion of a salt dome that left a 37-acre sinkhole in swampy land west of Baton Rouge has bubbled up into a $50 million dispute between the mine operator and its insurance company. Texas Brine LLC wants...
P/C Insurers’ Net Income Rose, Operating Income Fell in First Half
Oct 6 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
New Charges Brought Against Ex-Insurer CEO
Oct 6 2014 // New charges have been brought against a Maryland businessman accused of making false statements to regulators. A federal grand jury in Baltimore on Sept. 16 returned a superseding indictment against 39-year-old Jeffrey...
