Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Brine, Liberty Insurance at Odds Over $50M Louisiana Sinkhole Claim
Oct 20 2014 // The collapse of a portion of a salt dome that left a 37-acre sinkhole in swampy land west of Baton Rouge, La., has bubbled up into a $50 million dispute between the mine operator and its insurance company. Texas Brine LLC...
Southern California Agent Arrested for Scamming Insurers for $1.4M
Oct 20 2014 // Eric Lee, 64, of Orange County, Calif., was arrested in late September by the California Department of Insurance and charged with 20 felony counts, including grand theft and allegedly providing false or misleading...
Latest Colorado Hail Storm May Impact Insurance Industry Nationally
Oct 20 2014 // Colorado’s insurance industry is weighing its options after the latest hailstorm hit densely populated South Metro Denver — unusual for the Rockies in late September. What Coloradans might likely see down the...
AIG Ex-CEO Liddy Defends Closeness with Government During Bailout
Oct 19 2014 // Former American International Group Inc. Chief Executive Officer Edward Liddy defended his decision to work closely with the government at the time of the company’s 2008 bailout, saying he hoped to win concessions on...
Large Agencies More Optimistic About Future Growth: Vertafore Study
Oct 17 2014 // Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts,...
The Pitfalls of Rejecting a Defense Under Texas ‘Same Facts’ Test
Oct 17 2014 // Texas law recognizes that an insurer’s reservation of rights can create a potential conflict of interest. Northern County Mut. Ins. Co. v. Davalos, 140 S.W.3d 685 (Tex. 2004). Although there is a potential for...
Detroit Settles with Bond Insurer; Chance of Debt Plan Success Boosted
Oct 17 2014 // Detroit settled with one of its last major creditors, bond insurer Financial Guaranty Insurance Co., bringing the city closer to ending the biggest-ever U.S. municipal bankruptcy. The remaining holdout creditors, led by...
Wind Insurer Settles Lawsuit with South Texas School District
Oct 16 2014 // The Texas Windstorm Insurance Association has agreed to pay nearly $8 million to settle an unpaid claims lawsuit filed by a southern school district, according to state district court records in Cameron County. The...
German and French Insurance Markets Show Resilience
Oct 16 2014 // Despite varying internal pressures, the German and French insurance markets have shown resilience in their respective ways, according to two separate reports issued by A.M. Best. While Germany’s economy is among the...
South African Insurers Urge Mandatory Auto Insurance
Oct 16 2014 // South African insurers have called on the government to start compulsory motor cover to reduce the cost to motorists and companies from the country’s millions of drivers taking to the roads without protection. In...
Elmo, Insurers Promote Literacy in Downtown Los Angeles
Oct 15 2014 // More than 100 tykes, some crawling their way out of strollers, were noticeably tickled as they scrambled about the Central Library in downtown Los Angeles, making their way to Sesame Street-themed coloring books or lining...
Mass. Health Insurers Offer Online Tools to Compare Medical Procedure Prices
Oct 15 2014 // Massachusetts health insurers have recently begun providing online cost-estimator tools that allow consumers to compare prices of medical procedures by various health care providers, as required by a transparency provision...
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...
