Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Horgan, Pace Join Transportation Insurer Canal Insurance in South Carolina
Jun 24 2014 // Canal Insurance Co. in Greenville, South Carolina, has named Tim Horgan as vice president, Transportation, and chief marketing officer, and Bob Pace, vice president and chief claims officer, to the executive leadership...
Japan’s MS&AD Planning on Insurance Acquisitions for Growth in Southeast Asia
Jun 24 2014 // MS&AD Insurance Group Holdings Inc., Japan’s largest non-life insurer, will seek acquisitions in Southeast Asia to expand its overseas business, said President and Chief Executive Officer Yasuyoshi...
U.K. Insurer AA Down Following $2.4 Billion IPO
Jun 23 2014 // AA Ltd., the U.K. roadside- assistance provider and auto insurer, fell in its first day of trading after a 1.4 billion pound ($2.4 billion) initial public offering that resulted in the exit of its private-equity...
No New Rights in Florida’s Homeowners’ Bill of Rights
Jun 23 2014 // Florida’s passage of a homeowners’ claims bill of rights left few satisfied after lawmakers largely codified current law while avoiding controversial issues such as the practice of policyholders assigning their...
Report: Home Loan Banks Place Moratorium on Captive Insurers Used by REITs
Jun 20 2014 // The Federal Home Loan Banks jointly agreed to a three-month moratorium on admitting captive insurers, which are being used by mortgage investors to access the government-chartered system, according to three people with...
Illinois Agency Critchell-Miller & Petrus Joins Keystone Insurers Group
Jun 19 2014 // Critchell-Miller & Petrus in Illinois has joined Keystone Insurers Group as a franchise partner. Keystone now has 15 agency partners in the state. Established by R.S. Critchell in 1868 and operating as R.S. Critchell...
If Fracking Is the Question, Insurers May Ask – What Is the Answer?
Jun 19 2014 // When it comes to the use of evolving technologies such as hydraulic fracturing, or fracking, in oil and gas production one big question insurance companies are faced with is: to insure or not to insure? That is a key...
Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki
Jun 18 2014 // Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar...
Agents React to Walmart, Overstock in Insurance: ‘We Aren’t Dead or Dying, We are Evolving’
Jun 18 2014 // Recent announcements by giant retailers Walmart and Overstock.com that they entering the insurance sales game have elicited a healthy response from the insurance industry. Some agents have expressed concern and frustration...
Ridesharing Bill Cruising Through California Legislature
Jun 17 2014 // A bill to more thoroughly regulate insurance requirements for ridesharing companies is successfully wending its way through California Legislature as insurance associations and representatives for companies like Uber and...
Michigan Bill Limiting Lawsuits Against Insurers Awaits Governor’s Signature
Jun 17 2014 // A bill approved by Michigan Legislature that further limits certain consumer lawsuits against insurance companies under the state’s Consumer Protection Act has been sent to Gov. Rick Snyder for his signature. The...
Florida Private Flood Bill Now Law But Market May Take a While to Develop
Jun 17 2014 // Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in the near future. The...
House Panel Unveils TRIA Extension Bill
Jun 17 2014 // Property/casualty insurers are welcoming the unveiling of a House terrorism insurance bill as a sign of progress even though there are provisions in it they oppose. Introduced by Rep. Randy Neugebauer, R-Texas, chairman of...
Ireland’s Medical Insurer Vhi Extends Buffett Reinsurance Deal by Four Years
Jun 17 2014 // Vhi Healthcare, the Irish state-owned medical insurer, extended a reinsurance accord with Warren Buffett’s Berkshire Hathaway Inc. as it seeks to move risk from its balance sheet and avoid a taxpayer...
Florida Judge Approves Deal for Heritage to Assume Sunshine State Policies
Jun 16 2014 // A Florida judge has signed-off on a plan by regulators to allow a failed Florida property insurer’s policyholders to be assumed by another company, although policyholders will retain the option to seek coverage...
Insurer Interest in Offering Health Coverage in Illinois Rises
Jun 16 2014 // Illinois officials say they’re seeing strong interest from insurance companies as they prepare for the second year of new coverage options under the nation’s new health care law. The state Department of...
N.Y. Encourages Auto Insurers to Adopt Telematics Programs
Jun 16 2014 // New York’s Department of Financial Services (DFS) issued a bulletin on May 27 to all New York auto insurers encouraging them to adopt “usage-based insurance” (UBI) programs. Under these voluntary...
E&O Insights: Why Are Umbrellas Causing E&O Claims?
Jun 16 2014 // When initially thinking about umbrella coverage as it relates to generating errors and omissions claims, most would probably believe the main issue is the lack of an umbrella. In other words, a customer has a significant...
Construction Renovation: Property Flips and Insurance
Jun 16 2014 // The number of U.S. single family home sales attributed to flipping is on the decline but that isn’t deterring investors. Despite the percentage of flipped homes shrinking to 3.7 percent of the total homes sold, the...
Medical Professional Liability: MRM’s Kelly Tackles Emerging Risks
Jun 16 2014 // Medical professionals and hospitals are grappling with some of the most dramatic changes they have seen in years. Many physicians feel they can no longer succeed in private practice, and they are either moving to become...
