Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Drive Underway to Increase Truckers’ Minimum Insurance Limits
Jun 5 2014 // Truckers would be required to buy higher insurance limits under a government proposal, although how much higher is not yet known. The Federal Motor Carrier Safety Administration (FMCSA) concluded in a report to Congress...
Florida’s Sunshine State Insurance Insolvent; UPC to Assume Policies
Jun 4 2014 // Florida regulators have taken over an insolvent domestic residential property insurer, but a deal is in the works for another private company to assume the insurer’s 37,000 policies. A Leon County Circuit Court judge...
Senate OKs Capital Flexibility for Insurers Under Dodd-Frank
Jun 3 2014 // U.S. regulators would gain flexibility in how they apply capital standards to insurance companies under a bill approved today by the Senate. The bill, approved by a voice vote, would ease a Dodd-Frank Act provision that...
Wildfire Publicity Lights Fire Under California Homeowners
Jun 3 2014 // The recent plague of wildfires in Southern California and in neighboring states seems to have more people checking on their homeowners policies – and more people concerned about the threat of wildfires may be taking some...
Texas Windstorm Insurer’s Financial Outlook Improved as Hurricane Season Starts
Jun 3 2014 // Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has...
Fed Adds Ex-Regulator to Oversee Systemic Risk Insurers
Jun 3 2014 // The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year. Thomas Sullivan, who led the...
