Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
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...
