Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Amtrak Seeks to Recoup Millions for Sandy Losses
Oct 6 2014 // Amtrak filed a lawsuit last month against more than a dozen insurers, claiming that the railroad operator is entitled to recoup additional proceeds for Superstorm Sandy losses from its insurers. “Amtrak has filed a...
Plenty of Questions Remain About Citizens Clearinghouse
Oct 6 2014 // Florida’s state-backed property insurer has begun submitting renewal policies through its online clearinghouse to private carriers, but agents believe the process still needs refinement. Citizens Property Insurance...
A Review of Insurance Broker Duties Under California Law
Oct 6 2014 // Recently the California Court of Appeals provided an excellent summary of the duties of insurance agents and brokers under California law. See Mark Tanner Const., Inc. v. HUB Int’l. Ins. Services, Inc., 224...
Insurer USAA Seeks OK to Test Drones for Claims Service
Oct 3 2014 // United Services Automobile Association (USAA), the insurer that specializes in coverage for military families, has filed for permission from the Federal Aviation Administration (FAA) to use unmanned drone aircraft at...
Ohio Supreme Court Says Ambiguity Determination Must Consider Context
Oct 2 2014 // The general rule holds that when a policy provision is susceptible to more than one interpretation courts should construe the ambiguity against the insurer and liberally in favor of the insured. This principle is often...
‘Ike Contingent’ Pounding Insurers with Texas Hail Claims
Oct 2 2014 // Insurance availability crises are nothing new. Nor is finger-pointing about what exactly causes them. In Texas, a red state that is nonetheless home to a robust plaintiffs’ bar, sparring in a particularly active...
Novato, Insurer Others Settle Suit Over California Girl Killed By SUV
Oct 2 2014 // The city of Novato and other defendants have settled a lawsuit by the family of a 12-year-old California girl who was struck and killed by a SUV while riding her bicycle home from school two years ago. The Marin...
Florida Workers’ Compensation Insurers Seek Bigger Rate Cut
Oct 2 2014 // Florida’s workers’ compensation insurers, already on record recommending an average 2.5 percent cut in rates, now say that a 3.3 percent cut is justified. The modification in the industry’s rate filing by...
Texas Windstorm Insurer Says Finances Are Shaping Up
Oct 1 2014 // Texas Windstorm Insurance Association (TWIA) announced it has successfully obtained $500 million in funds to assist in paying future catastrophic claims and that the association is now in its best financial position since...
Marijuana Insurance Industry: How High Can It Go?
Oct 1 2014 // Editor’s Note: This is the first in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include reports on how medical marijuana could affect the...
Federal Reserve to Study Effect of Banks’ Systemic Risk Rules on Insurers
Oct 1 2014 // The U.S. Federal Reserve on Tuesday announced plans to study the potential effects of forcing big insurance companies to meet tough funding restrictions required by the 2010 Dodd-Frank law. The Wall Street oversight law...
Danish FSA Warns Insurers, Banks About Risky Bond Sales
Oct 1 2014 // Denmark’s financial watchdog warned lenders and insurers against selling their riskiest bonds to their own retail clients amid signs Scandinavian issuers are lining up to tap the market for contingent...
Keystone Insurers Group Plans Expansion into Missouri in 2015
Sep 30 2014 // Privately held property and casualty franchisor, Keystone Insurers Group, announced its intent to expand into Missouri in 2015. Missouri would become Keystone’s 10th state and the first west of the Mississippi...
China’s Fosun to Invest in European, Japanese Insurers
Sep 30 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is considering making more bets on insurers outside its home country, Chief Executive Officer Liang Xinjun said. “We...
Oktoberfest Insurance App Highlights German Digital Trend
Sep 29 2014 // For some, being prepared for Oktoberfest means downloading an app that points you to the nearest restroom or helps you decipher Bavarian dialect. A novelty at this year’s event is an online casualty insurance with...
Swiss Re’s Property and Specialty Head on New and Diverse Risks
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
Maine Expands Online Access to Approved Insurer Filings
Sep 26 2014 // Maine regulators said this week they have expanded the online public access to approved insurance contract and rate filings submitted by insurance companies doing business in Maine. Officials said the approved filings for...
Top 30 Private Auto Insurers: SNL
Sep 26 2014 // CSAA Insurance Exchange, which sells private auto insurance to AAA members in about 25 states, experienced double-digit year-over-year growth in personal auto business, far outpacing other top writers in the second...
Amtrak Seeks to Recoup Millions From Insurers for Sandy Losses
Sep 25 2014 // Amtrak filed a lawsuit last week against more than a dozen insurers, claiming that the railroad operator is entitled to recoup additional proceeds for Superstorm Sandy losses from its insurers. “Amtrak has filed a...
Number of Carriers in Missouri’s Health Insurance Marketplace to Double
Sep 25 2014 // Missouri could have twice as many health insurers participating next year in a federally run website. The U.S. Department of Health and Human Services says eight insurers plan to offer policies for 2015 on Missouri’s...
