Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Says OK to Settlement in Wrongful Death Suit Against Hawaii Driver
Aug 4 2014 // A $1.1 million settlement has been reached in a wrongful death lawsuit involving the death of a 26-year-old pedestrian. The settlement came in a civil lawsuit against Robert Wayne Yount, 83, and the civil case will be...
Portable Persistency and the Prop 103 Roadblock
Aug 1 2014 // The emerging need to develop new insurance products to cover California’s Transportation Network Company operators has spurred a reexamination of the nature of Proposition 103’s quasi-constitutional status. In...
AXA First-Half Profit Rose 22%, Led by Life & Savings Unit
Aug 1 2014 // AXA SA, France’s largest insurer, said first-half profit rose 22 percent, buoyed by improved earnings from selling life insurance and savings products. Net income rose to €3 billion ($4 billion) from €2.47...
Illinois Warns Insurers of Ban on Transgender Discrimination
Jul 31 2014 // The state of Illinois has cautioned insurers about discriminating against transgender people. The Illinois Department of Insurance bulletin issued to insurers this week details nondiscrimination provisions in the federal...
Insurers, Hospitals Enjoying Benefits of Obamacare
Jul 31 2014 // Even as Obamacare continues to be attacked by foes and challenged in court, hospital chains and insurers are making more money, more patients using emergency rooms are paying for their care, and the country as a whole is...
UnitedHealth’s $173M Fine May Be Warning to P/C Insurers
Jul 30 2014 // A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims...
Senate Committee Holds Hearing on Flood Claims Process After Sandy
Jul 30 2014 // A U.S. Senate committee today conducted a hearing titled “The Flood Insurance Claims Process in Communities After Sandy: Lessons Learned and Potential Improvements,” where lawmakers had a chance to listen to...
JLT Says Worst Rate Slump since 2001 Leading Insurers to ‘Naive’ Risk Taking
Jul 30 2014 // Jardine Lloyd Thompson Group Plc’s Dominic Burke said the worst slump in prices for insurance policies since Sept. 11, 2001 has led some insurers to take on too much risk to win business. Burke, the chief executive...
Viewpoint: Systemically Risky Insurers Merit More Oversight But Not Bank Rules
Jul 29 2014 // Could Warren Buffett’s Berkshire Hathaway Inc. threaten the stability of the financial system? The U.S.’s top regulators are asking themselves this question as they consider whether Berkshire and other large...
Independent Agents Drawn to Tablet Applications: Channel Harvest
Jul 29 2014 // Many independent insurance agents say that tablet devices are going to be more important in the next couple of years — particularly for sales presentations and accessing carrier-based training. This is among the many...
New IFRS Standard to Significantly Change Insurers’ Financial Reports: A.M. Best
Jul 29 2014 // “The emerging international accounting standard for insurance contracts will change the data that form one part of the material used by A.M. Best in the insurance sector,” the rating agency said in a Special...
Federated National Launching Another Florida Home Insurer, Monarch National
Jul 28 2014 // Florida homeowners’ insurer Federated National Holding Co. and the Canadian bank and investment manager C.A. Bancorp Inc. have agreed to form a new Florida-based homeowners insurance carrier to be named Monarch...
Missouri Makes Insurer Filing Records Available to Public Online
Jul 25 2014 // The Missouri Department of Insurance announced the implementation of a new online tool that allows consumers to view insurance company filing records. Missouri becomes the fifth state to use SERFF Filing Access (SFA) to...
Insurers File for 9.1% West Virginia Workers’ Compensation Loss Cost Decrease
Jul 25 2014 // The National Council on Compensation Insurance (NCCI) has filed a proposed reduction in workers’ compensation loss cost rates in West Virginia – the tenth reduction in 10 years. NCCI, West Virginia’s rating...
AIG Identified As Lead Insurer in Taiwan Plane Crash
Jul 24 2014 // American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwan’s Magong airport, according to Aon Plc, a broker that tracks the market for aviation...
American Claims Management Now Managing GL & Excess Claims For Golden Insurance Company Risk Retention Group
Jul 24 2014 // San Diego, CA, 07/24/14 – National third party administrator (TPA) American Claims Management, Inc. (ACM) was chosen by Golden Insurance Company Risk Retention Group (RRG) to manage its general liability and excess...
Insurers Overemphasizing Digital Service Risk Alienating Customers: Bain
Jul 24 2014 // Global top performers in the high-churn personal insurance industry win over customers with consistent outreach that relies on multiple channels for customers to connect including phone, internet or face-to-face. However,...
Bond Insurers: Fight Against Detroit Bankruptcy Plan to Continue
Jul 23 2014 // Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the...
Chairman Says Vietnam Insurer PVI Holdings 1st Half Profit to Beat Forecast
Jul 23 2014 // PVI Holdings, Vietnam’s second- largest listed insurer, forecast first-half earnings will beat its target by 19 percent, buoyed by an increase in non-life- insurance revenue. After-tax profit for the first six months...
Florida Frets That With Proposed Rate Cut, Citizens Could Be Too Competitive
Jul 22 2014 // Florida’s state-backed property insurer’s proposed rate reduction is raising questions about whether it will make the insurer competitive with the private market. Citizens Property Insurance Corp. recently...
