Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Detroit Bond Insurer to Judge: Debt Plan Causes ‘Serious Mayhem’
Sep 5 2014 // Detroit’s proposal to exit its record municipal bankruptcy by paying retirees more than bond investors will cause “serious mayhem,” an attorney for the plan’s opponents told a judge. Marc...
Tennessee’s Bradshaw Insurors joins Keystone Insurers Group
Sep 4 2014 // Bradshaw & Company Insurors of Dyersburg is Keystone Insurers Group’s newest franchise partner in Tennessee. The agency offers auto, home, business, farm, life and health insurance. Bradshaw & Co. was...
Florida’s Citizens No Longer ‘Out of Control,’ Says Exec Defending Rate Cut
Sep 2 2014 // Its successes in reducing its insured population and securing low cost catastrophic coverage are driving the request by Florida’s state-backed property insurer for a statewide average 2.9 percent decrease on...
Tantrums, Concubines, Hotpot Burns, Smog: China Insurers Have it Covered
Sep 2 2014 // Your child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer...
EU Insurers Say New Rules Hurt $11.2 Trillion Investment Role
Sep 2 2014 // Insurers in Europe, which manage about €8.5 trillion ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for insurers in the European Union,...
Cyber Attacks on Banks Color Terrorism Insurance Renewal Debate
Sep 1 2014 // Bankers and U.S. officials have warned that cyber-terrorists will try to wreck the financial system’s computer networks. What they aren’t saying publicly is that taxpayers will probably have to cover much of...
Insurers on U.S. Financial Oversight Council Agenda for Next Week
Aug 29 2014 // The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday. The Financial Stability Oversight Council...
Mass. DOI: Insurers Received Over 1,300 Claims From Revere Tornado
Aug 27 2014 // The Massachusetts Division of Insurance (DOI) said the state’s insurers have so far received more than 1,300 claims from a rare tornado that ripped through the coastal city of Revere on July 28. The DOI said...
Keystone Insurers Group Adds Georgia’s Moore Insurance Agency
Aug 27 2014 // Keystone Insurers Group has added Perry, Georgia-based Moore Insurance Agency as its 18th franchise partner in the state. The announcement was made by Moore Insurance Agency President Mike Moore and Keystone’s...
German Insurers Weigh Funding to Plug Merkel Infrastructure Gap
Aug 27 2014 // Germany’s insurers said they may back a government call to invest in infrastructure to help cover an annual €7 billion ($9.23 billion) taxpayer shortfall to repair roads and bridges. The GDV, the Berlin-based group...
R.I. Lowers Assessment Rate for Workers’ Comp Insurers to 6.65%
Aug 25 2014 // The Rhode Island Department of Labor and Training (DLT) announced last week that it has cut the administrative assessment rate charged to insurance companies providing workers’ comp coverage in Rhode Island. For...
Florida’s Flood Agency Stops Writing New Business in Tampa Bay Region
Aug 25 2014 // One of the first entities to step forward and provide private flood insurance in Florida has announced it will stop writing new business in the Tampa Bay region in order to manage its exposure. The Flood Agency, which...
Agent Survey: Not All Carrier Training Is Created Equal
Aug 25 2014 // Independent agents say product training (used by 50 percent) and technology systems training (used by 41 percent) were the most common types of insurance carrier-provided training they attended last year. However, when the...
Underwriting and an EICy Approach to Climate Change
Aug 21 2014 // Floating together in a muck of alphabet soup the insurance industry, the government and the scientific community can be assured success in at least one thing amid their combined efforts to deal with climate...
Florida’s Citizens’ Gilway Defends Overseas Travel Before Governor, Cabinet
Aug 21 2014 // The top official of Florida’s state-backed property insurer stepped forward yesterday to defend his organization’s international travel, arguing it was necessary to conclude a $3.1 billion risk transfer...
Wearable Device for Weight Loss Or Unbearable Loss of Privacy?
Aug 21 2014 // To fight rising medical costs, oil company BP Plc last year offered Cory Slagle — a 260-pound former football lineman — an unusual way to trim $1,200 from his annual insurance bill. One option was to wear a...
Florida Opens, Closes Surplus Lines Opportunities
Aug 20 2014 // The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry...
For Insurers, California’s ‘Diverse Procurement’ is Well-Meaning and Wrong
Aug 19 2014 // Under Section 927.2 of the California Insurance Code, insurers writing $100 million or more in annual premiums in the state are required to submit reports to the Department of Insurance on what efforts they’ve made...
QBE to Sell $750 Million in Shares, Some Assets as Profit Drops
Aug 19 2014 // QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders’ mortgage insurance business in Australia after reporting an 18 percent drop in...
California Windshield Repairer Ordered to Pay Insurer $1.4M
Aug 18 2014 // The owner of a Sonoma County windshield repair business accused in a fraudulent billing scheme has been ordered to pay Allstate Insurance and the state of California more than $1.4 million. Court records allege Alkayisi...
