Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Michigan Court Upholds Swiss Insurer’s Award against Ex-NHLer Miller
Jun 16 2014 // A federal judge in Michigan upheld a $1.6 million judgment against former Detroit Red Wings forward Kevin Miller for a hit from behind during a 2000 Swiss league game that ended another player’s career. U.S. District...
IIAT Names Young Agent of the Year, Young Associate of the Year
Jun 13 2014 // The Independent Insurance Agents of Texas (IIAT) named James Russell of Texas Associates Insurors/NewFirst Insurors in El Campo as the André P. Juneau Young Agent of the Year. In addition, the association honored Jason...
Armstrong Questioned Under Oath in Case Brought by Dallas Insurer
Jun 13 2014 // Lance Armstrong, stripped of seven Tour de France victories and banned from professional cycling in 2012, was questioned under oath for the first time since he admitted doping in an Oprah Winfrey interview last...
World Cup Insurer Munich Re Gives Brazil Vote of Confidence
Jun 13 2014 // Munich Re has up to $400 million on the line insuring against delays or cancellations of World Cup matches. The world’s largest reinsurer is counting on Brazilian President Dilma Rousseff to do whatever it takes to...
Hurricane Forecasts Good News for Already-Stable P/C Insurers: Fitch
Jun 12 2014 // Early forecasts for the 2014 hurricane season indicate that moderate El Nino conditions are likely to persist throughout the year, which could inhibit tropical storm formation in the North Atlantic basin. This could also...
U.K. Insurers Should Cap Replacement-Car Costs, Watchdog Says
Jun 12 2014 // U.K. insurers should have a cap placed on the cost of replacement cars for drivers at fault for accidents to help reduce insurance premiums, the country’s Competition and Markets Authority said in a draft opinion...
Report Validus Nears $600 Million Deal for Insurer Western World
Jun 12 2014 // Validus Holdings Ltd., the Bermuda- based reinsurer, is near an agreement to acquire specialty insurer Western World Insurance Group, people familiar with the matter said. Validus could announce a deal valuing Western...
California Regulators Want Insurers to Speed Up Ridesharing Policies
Jun 11 2014 // The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer to ridesharing drivers. A proposal issued by CPUC on Tuesday further defines ridesharing...
Stakes for P/C Insurers ‘High’ If Congress Shifts TRIA Burden: Moody’s
Jun 11 2014 // If Congress acts to extend the federal government backstop for terrorism insurance, the new version will likely impose higher deductibles and risk retentions on U.S. property/casualty insurers, says Moody’s Investors...
Texas Moves Forward in Becoming an NCCI State
Jun 10 2014 // In late March 2014, Texas Insurance Commissioner Julia Rathegeber approved a staff petition to adopt the National Council on Compensation Insurance (NCCI) Basic Manual, with Texas exceptions, and the national and...
P/C Insurers Must Manage Emerging Risks Including the Next Big One
Jun 10 2014 // Learning how to manage increasingly complex and evolving risks is essential if property/casualty insurers are to serve the needs of their customers in a changing world. According to analysts and industry executives at...
Keystone Insurers Group Adds Two Agencies in Illinois
Jun 10 2014 // Keystone Insurers Group, based in Northumberland, Pa., announced the addition of two more independent insurance agencies in Illinois to its expanding franchise business. Resource Insurance of DeKalb and Pufalt-Pauley...
Michigan House Vote Would Allow Fewer Lawsuits Against Insurers
Jun 9 2014 // The Michigan House has passed legislation blocking certain insurance lawsuits under the Michigan Consumer Protection Act. Consumers were prevented from suing insurance companies for fraud under the act starting in 2001....
What Makes Agents Switch Carriers: Channel Harvest Research
Jun 9 2014 // Most independent insurance agents stick with their top personal lines and commercial lines companies for years, although they are less-than-satisfied in a number of carrier-performance areas. This is among the many...
Michigan Court Upholds Swiss Insurer’s Award against Ex-NHLer Miller
Jun 9 2014 // A federal judge in Michigan upheld a $1.6 million judgment against former Detroit Red Wings forward Kevin Miller for a hit from behind during a 2000 Swiss league game that ended another player’s career. U.S. District...
Travelers CEO: Will Insurers Outperform More Regulated Banks?
Jun 9 2014 // Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer’s history of posting better returns than banks and other large financial companies amid a period of increased Wall Street...
S&P Panel Urges Insurers to Seek Better Returns Globally
Jun 9 2014 // “Continuing low interest rates and soft economic growth are contributing to a tough investment climate for insurance companies, but they’re still finding opportunities for a decent return if they’re...
N.J. Roofing Company Exec Gets Jail Time for Misleading Workers’ Comp Carrier
Jun 6 2014 // New Jersey authorities said the president of a New Jersey roofing company was sentenced to jail Friday for providing false and misleading information to the company’s workers’ compensation insurance carrier to...
Nationwide to Re-Enter New Jersey’s Auto Insurance Market
Jun 6 2014 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said today Nationwide Mutual Insurance Company has been approved to write auto insurance in New Jersey, and the company will begin offering auto...
Insurance Technologies Corp. Adds Volckmann to Carrier Relations Team
Jun 5 2014 // Insurance Technologies Corporation (ITC), a Carrollton, Texas-based provider of marketing, rating and management software and services, announced that Mark Volckmann has joined the company and will be working with carriers...
