Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Complex Situation Occludes Details on Loss of Malaysia Airlines Flight MH370
Mar 27 2014 // Very few details have been released by the re/insurance industry related to the missing Malaysia Airlines Flight MH370, which has caused some minor confusion as to the re/insurers providing coverage for claims. The...
China Regulators Order Insurers to End Smog Coverage
Mar 27 2014 // Chinese regulators have told the country’s two largest insurers to stop selling coverage against smog, a week after such policies were launched, the China Daily reported on Thursday. The newspaper did not say why the...
The Importance of Risk Scores in By-Peril Rating
Mar 27 2014 // This blog post is part of a series sponsored by CoreLogic. Natural disasters can happen anywhere and at any time, but they often show allegiance to a particular location and geography. Hurricanes hit most frequently along...
Best Affirms Markel and Affiliates Ratings; Outlooks Stable
Mar 25 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the members of the Markel North America Insurance Group, as well as the FSR...
Workers’ Compensation Fraud and the Insurance Producer
Mar 24 2014 // There are essentially two types of workers’ compensation fraud — premium fraud and claimant fraud — and insurance producers can play a role in the discovery and resolution of both, according to one investigator...
Florida Legislature Seeks to Entice Private Insurers to Sell Flood Policies
Mar 24 2014 // The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. It’s not clear, though, that many private...
Texas Associates Insurors Hires Thomas as Risk Solutions Adviser
Mar 24 2014 // Texas Associates Insurors has hired David Thomas as a risk solutions adviser. Thomas, a former football player for the University of Texas has a Bachelor’s degree in Kinesiology and has earned the CLCS, Commercial...
N.C. Department of Insurance Issues Its 1st Captive Insurance License of 2014
Mar 24 2014 // North Carolina’s Insurance Commissioner Wayne Goodwin announced last Friday that one of the nation’s largest convenience store chains has formed a captive insurance company in North Carolina. The Pantry Inc.,...
Businesses, Insurers Still Wrangling Over Marathon Loss Payouts
Mar 24 2014 // Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as the anniversary of the...
Insurers to Illinois Lawmakers: Regulate Rideshare Operations
Mar 24 2014 // Two of the nation’s largest property/casualty insurer trade associations have weighed in with Illinois lawmakers on the subject of insurance coverage for commercial rideshare companies, saying such companies should...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Flashback: Key P/C Insurance Mergers and Acquisitions of 2013
Mar 24 2014 // Compared to some previous years, there were not a lot of mergers in the property/casualty carrier space in 2013 but there were some interesting ones. Major carrier transactions included specialty insurer Markel’s...
TNCs, Insurers Square Off at California Hearing
Mar 21 2014 // Update: California Commissioner Dave Jones made his initial recommendations on insurance issues and transportation network companies. Update: Excess and surplus carrier James River Insurance Co. said it’s not leaving...
Best Revises Outlook on Chubb and Subs ICR Ratings to Positive; Affirms FSR
Mar 21 2014 // A.M. Best has revised the outlook of the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the ICRs of “aa+”of the...
A.M. Best Downgrades South Carolina Insurer
Mar 20 2014 // A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to “bb” from “bbb-” of auto insurer Greenville Casualty Insurance Co. based in Greer,...
Bond Insurer Syncora Threatens to Cancel Coverage on Detroit Rate Swaps
Mar 19 2014 // Syncora Guarantee Inc., the bond insurer fighting Detroit’s debt-cutting plans, said it may cancel insurance it wrote for interest-rate swaps that the city is seeking to terminate with an $85 million...
Insurers Warned on Rise in Fraudulent Car Rental Schemes
Mar 19 2014 // In the last 12 months, Kraig Palmer he has seen rental car schemes “rise faster than any other auto fraud trend.” Palmer, an investigator with the California Highway Patrol, describes this fraud as a multilevel...
Small Workers’ Comp Carrier Exits California
Mar 18 2014 // Public Service Mutual Insurance Co.’s exit from California’s workers’ compensation market isn’t a reflection of the health of the state’s workers’ comp system, according to the...
How Is Obamacare Affecting Competition Among Health Insurers?
Mar 18 2014 // A snapshot of Obamacare enrollment in seven states suggests the law hasn’t significantly increased competition in health insurance markets, the Kaiser Family Foundation reported. In California, for example, four big...
Private Crop Insurers Win As Taxpayers Lose in New Farm Program, Say Critics
Mar 17 2014 // U.S. farmers last week finalized their crop insurance plans for spring planting with critics of the government-subsidized program saying insurers are set up for a bonanza after passage of the new five-year farm bill last...
