Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Investigated More than 550 Insurance Fraud Cases in 2013
Apr 28 2014 // Texas Department of Insurance Fraud Unit opened investigations into more than 550 insurance fraud cases in 2013. More than $10.3 million in insurance fraud was identified in criminal cases referred for prosecution in 2013,...
Surplus Lines Insurers Could Pick Up Citizens Policies Under Senate Bill
Apr 28 2014 // Homeowners seeking coverage from Citizens Property Insurance could wind up getting policies from out-of-state insurers that are exempt from many of the state regulations other insurers must honor. The Florida Senate on...
Insurers Cooperated in Writing of Florida Rule on Gun Ownership
Apr 27 2014 // Florida lawmakers have approved legislation that supporters say will uphold a policyholder’s constitutional right to bear arms by preventing insurers from using gun ownership in underwriting. The Florida House of...
Insurer Groups Applaud Arizona’s Brewer For Ridesharing Veto
Apr 25 2014 // Arizona Gov. Jan Brewer’s veto of House Bill 2262, which would have exempted ridesharing companies from commercial insurance requirements imposed on traditional taxi and livery companies, has insurance groups singing...
Florida’s Heritage Insurance Hopes to Raise $100 Million in IPO
Apr 25 2014 // A Florida property insurer that provides insurance coverage to 128,000 homeowners is planning to go public by issuing an initial public offering (IPO) that could result in the insurer raising up to $100 million in new...
Customers Switching Auto Insurers Unhappy with New Prices: J.D. Power
Apr 24 2014 // Customers who switch auto insurance carriers due to poor service often end up sorry they did because they end up paying more with their new insurer, according to the latest J.D. Power 2014 U.S. Insurance Shopping...
UK Insurer Saga Could Announce $5 Billion IPO Next Week
Apr 24 2014 // British over-50s insurer Saga is planning to announce its intention to float next week in a London stock market debut that could value the company at £3 billion ($5.1 billion), two sources familiar with the matter said on...
China Regulators Draft Rules for Insurer Trusts
Apr 23 2014 // Collective trusts that insurers are allowed to invest in are confined to those backed by financing assets and non-listed equity assets, according to draft rules posted on the website of China Insurance Regulatory...
Monster Involved in Insurer-Funded Settlement in California
Apr 22 2014 // Corona, Calif.-based Monster Beverage Corp. has agreed to settlement an ongoing securities class action lawsuit against the company and two of its officers in federal district court in Los Angeles. The settlement,...
Indiana Body Shops Sue Insurers over Compensation for Vehicle Repairs
Apr 22 2014 // Indiana body shops and auto insurers are on a collision course over repair compensation practices, a dispute that could cost millions of dollars to patch up. In a federal lawsuit, 14 Indiana shops accuse State Farm...
2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007
Apr 21 2014 // U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average...
Bermuda Re/Insurers Post Strong Results on Favorable Cat Loss Experience
Apr 21 2014 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2013 global underwriting results for its member (re)insurers. 18 of its 21 member (re)insurers participated in the 2013 report. The companies write...
The Rising Score of Youth Sports Head Injury Claims
Apr 21 2014 // Last year, the NFL agreed to settle a concussion lawsuit filed by former players for $914 million. As concussion-related lawsuits continue to be filed against professional sports teams, equivalent claims and litigation...
Financial Regulators Tell Congress TRIA Still Needed
Apr 20 2014 // The private insurance market is not in a position to fill the gap that would be created if Congress fails to renew the federal terrorism risk insurance program, concludes a new report to Congress by the government’s...
N.J. Roofing Co. Exec Admits to Misleading Its Workers’ Comp Carrier
Apr 17 2014 // Authorities said the president of a roofing company in New Jersey pleaded guilty to providing false and misleading information to the company’s workers’ compensation carrier in order to avoid paying hundreds of...
Updated: Federal Insurance Office Seeks Comments on Auto Insurance Affordability
Apr 17 2014 // The insurance office within the U.S. Treasury is looking into whether minorities and low and moderate income Americans have access to affordable auto insurance. On April 10, the Federal Insurance Office, citing its...
Broker/Insurer Combo Launch Food and Beverage Industry Contamination Coverage
Apr 17 2014 // Willis Group Holdings has announced the launch of a new product contamination insurance proposition, in partnership with XL Group, Willis Limited’s Food and Drink and Faber Global teams, in association with BRC...
Willis Exec Warns Mutual Insurers Face Increasing ‘Pricing Pressure’
Apr 17 2014 // According to David Thomas, CEO of Market Services & Solutions at Willis, Mutual insurers face increasing pricing pressure so must differentiate themselves to remain competitive. Speaking in a video blog on WillisWire,...
Poland’s PZU to Pay $498 Million for RSA’s Eastern European Units
Apr 17 2014 // PZU SA, central Europe’s largest insurer by market value, agreed to buy RSA Insurance Group Plc’s four units in the biggest foreign acquisition by a Polish financial company. PZU will pay a combined €360...
UPDATE: So. Korean Divers Search for Ferry Survivors; Re/Insurers Identified
Apr 17 2014 // South Korean President Park Geun Hye arrived at the site where a ferry sank yesterday, as divers battled high waves and strong winds in their search for 287 people still missing, including hundreds of students. Over 100...
