Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
GNY Insurance Cos.’ Heck to Retire; Daughter to Succeed Him As CEO
Sep 25 2014 // Warren Heck, the long-time leader of GNY Insurance Companies, plans to retire at the end of 2014. He’ll remain at the insurer as non-executive chairman. His daughter, Elizabeth Heck, currently president and chief...
U.K. Regulators Ban Insurer Deals on Price Comparison Websites
Sep 24 2014 // U.K. regulators banned car insurers from making agreements with price comparison websites, saying it limits competition and increases premiums. The agreements stop insurers from making their products available more cheaply...
Connecticut Launches New Online Access to Carrier Filings
Sep 22 2014 // Connecticut Insurance Commissioner Thomas B. Leonardi announced that his insurance department has launched an online site for more convenient access to the rate and form documents that insurance companies file with the...
Workers’ Compensation Premiums Increased By 5.1% in First Half of 2014
Sep 22 2014 // Demotech’s review of second quarter 2014 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 5.1 percent increase...
The Ever-Evolving Nature of Cyber Coverage
Sep 22 2014 // To understand the current state of network security and privacy (cyber) coverage, it is helpful to have an understanding of the development and some of the major milestones which helped shape the coverage. The first cyber...
The Problem with Domestic Excess and Surplus Lines Insurers
Sep 22 2014 // It has been more than five years since states, beginning with Illinois, began to enact laws permitting the formation and licensing of domestic excess and surplus lines insurers. To date, these initiatives have gotten very...
Once Again, Texas Lawmakers Asked to Do Something about Windstorm Insurer
Sep 22 2014 // What to do about Texas’ wind insurer of last resort? That’s the question being asked again of Texas lawmakers in advance of the coming legislative session. In a surprise visit to a Senate Business &...
Insurers Bonding with Climate Change Battle
Sep 18 2014 // Nearly one-in-five major investors in green bonds issued by one of the world’s largest players in that market is coming from the insurance industry. If you haven’t heard much about green bonds and insurance...
Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud
Sep 18 2014 // The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients...
Reinsurance Rendez-Vous: Data Tools Help Identify Risks
Sep 18 2014 // Insurance companies are increasingly turning to “big data” from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles, according to reinsurers...
House Passes Measure to Ease Insurance Capital Standards Under Dodd-Frank
Sep 17 2014 // The Federal Reserve would get more flexibility to set separate capital standards for systemically important insurance companies under legislation passed by the U.S. House of Representatives. The measure, adopted yesterday...
BP Hopes Missing Comma Triggers $750 Million Transocean Spill Insurance
Sep 16 2014 // BP Plc, which already has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, seeks to get a $750 million chunk of that back by convincing a Texas court that a missing comma may give the oil company access to...
Swiss Re, Munich Re Wade Into Dutch Flood Insurance
Sep 16 2014 // The world’s biggest reinsurers, pushed by rising competition in existing markets, are preparing to insure against Dutch floods, a peril that centuries of experience have warned most in the Netherlands against. Swiss...
The Problem with Domestic Excess & Surplus Lines Insurers
Sep 16 2014 // It has been more than five years since states, beginning with Illinois, began to enact laws permitting the formation and licensing of domestic excess and surplus lines insurers. To date, these initiatives have gotten very...
Texas Windstorm Insurer to Offer $500M of Unrated Debt: Muni Deals
Sep 15 2014 // Texas Windstorm Insurance Association this week is offering $500 million in unrated municipal debt as the Austin-based group girds for the hurricane season through November. The association, created by the Texas...
Insurer to Pay for Florida Gators-Idaho Vandals Cancelled Game
Sep 15 2014 // The University of Florida’s Athletic Department is scheduled to collect $1.8 million under a Lloyd’s of London insurance policy that covers the loss of ticket revenue in the event a home game is cancelled. The...
Demand for Liability Insurance to Rise Again: Swiss Re
Sep 15 2014 // Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Cyber risk,...
The Mood in Monte Carlo
Sep 15 2014 // For a financial sector posting a double-digit rise in earnings and boasting large cash piles, reinsurers sure see a lot of storm clouds on the horizon. That’s because they are facing what many see as an unprecedented...
Dewhurst to Lawmakers: How About Shutting Down Texas Windstorm Insurer?
Sep 11 2014 // Texas Lt. Gov. David Dewhurst has asked state lawmakers to consider shutting down a windstorm insurance provider for coastal Texans. Dewhurst asked a state Senate committee to look at phasing out the Texas Windstorm...
