Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers to Illinois Lawmakers: Regulate Commercial Rideshare Insurance Coverage
Mar 16 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...
Businesses, Insurers Tangle Over Boston Marathon Loss Payouts
Mar 14 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...
Website Has Investment Policies of California’s Largest Insurers
Mar 14 2014 // The community investment policies of the state’s top 206 insurance companies are now available on the California Department of Insurance website. “By knowing what types of investments California insurers plan...
Uber Announces New Policy to Cover Gap
Mar 14 2014 // Ridesharing company Uber on Friday said it has new insurance to cover a gap between personal and commercial policies when drivers are using the app-based ridesharing service, while the company’s CEO said the San...
China’s Ping An Declines after Profit Trails Estimates
Mar 14 2014 // Ping An Insurance (Group) Co., China’s second-biggest insurer, fell to the lowest in more than a month in Hong Kong trading after reporting profit that trailed analysts’ estimates. The shares fell 1.1 percent...
$11+ Million a Day in UK Flood Insurance Claims Says ABI; Total $1.8+ Billion
Mar 13 2014 // The Association of British Insurers (ABI) has calculated that insurance claims from the recent spate of floods in the UK are averaging £6.7 million a day [$11.176 million]. The ABI said the “wettest winter on record...
Louisiana Health Insurers OK Third-Party Payers Through Nov. 15
Mar 12 2014 // The three major companies in Louisiana offering coverage through the federal insurance exchange have agreed to continue to accept premium payments through Nov. 15 from a program that helps HIV/AIDS patients cover their...
Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey
Mar 12 2014 // Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly...
Insurer Consortium Offering Coverage for Derivatives Clearinghouses
Mar 11 2014 // A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could cripple the global...
Sen. Collins: Finding the Right Capital Regulations for Insurers
Mar 11 2014 // The following a statement by Senator Susan Collins, a former state insurance regulator, in testimony before the Subcommittee on Financial Institutions and Consumer Protection today on capital requirements for insurance...
Mortgage Insurers Form Lobbying Group
Mar 11 2014 // Six U.S. mortgage insurers, including units of Radian Group Inc. and Genworth Financial Inc., formed a lobbying association to push for a broader role for the industry in a revamped housing-finance system. The...
Insurers Urge Lawmakers Not to Impose Bank Capital Requirements on Industry
Mar 11 2014 // Insurance companies will urge U.S. lawmakers today to stop the Federal Reserve from imposing bank- like capital standards on their industry. A provision of the 2010 Dodd-Frank Act that overhauled U.S. financial regulation...
West Virginia Private Flood Insurance Bill Awaits Governor’s OK
Mar 10 2014 // The West Virginia House last Friday in a 86-8 vote passed a bill authorizing private insurers to sell flood insurance and setting out guidelines for regulation of the policies. The bill, SB 621, had previously passed the...
Insurance Company Stability
Mar 10 2014 // Many years ago, a well-known insurance company went from being highly rated to insolvent almost in a fortnight. Most people in the industry older than 50 years old remember that time. The failure was a shock that created...
Labor Study Shows P/C Insurers Plan to Hire, Grow Significantly
Mar 10 2014 // More than half of all insurance companies say they plan to increase staff in 2014, although hiring for the most-in-demand positions may prove difficult. That’s according to the latest Semi-Annual U.S. Insurance Labor...
Carriers Committed to D&O Segment
Mar 10 2014 // Several turbulent years of increased claims, more regulation and additional oversight of directors and officers have not deterred carriers from the directors and officers (D&O) liability segment. As more carriers beef...
E&O Insights: Put the Power of the Signed Application to Work
Mar 10 2014 // With few exceptions, an application is a necessary document to secure a proposal or to bind coverage, and can actually possess tremendous power. When an errors and omissions (E&O) matter develops, all of the various...
N.J. Court Seeking Ways to Expedite Sandy Flood Litigation
Mar 10 2014 // A New Jersey federal court is seeking ways to expedite the litigation process for hundreds of flood insurance coverage-related cases that have been filed in wake of Superstorm Sandy. The court said it has received more...
Florida Lawmakers Advance Bill Banning Insurers from Considering Gun Ownership
Mar 9 2014 // Florida House and Senate committees have approved a bill that would prevent insurance companies from discriminating against gun owners. The bill flew through the Senate Appropriations committee, but did meet some...
Medical Malpractice Insurer, NJ PURE, Forms Strategic Alliance with LIU
Mar 7 2014 // NJ PURE, a medical malpractice insurer in New Jersey, has entered into a strategic alliance with Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance. According to Eric S. Poe, chief litigation...
