Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
The ‘Switching’ Economy: Consumers Open to Buying Insurance from Google, Amazon, Verizon
Feb 7 2014 // New global research finds that as many as two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying...
Mass. Proposes Corporate Tax for Insurer-Owned Pass-Through Entities
Feb 6 2014 // As part of his administration’s plan for new tax revenues, Massachusetts Gov. Deval Patrick recently proposed applying a corporate tax rate to the state’s “pass-through entities” that are owned by...
Home Insurer Universal P&C to Enter Indiana, Minnesota, Delaware
Feb 6 2014 // Universal Property & Casualty Insurance Co. (UPCIC), headquartered in Florida, has applied to expand into Indiana, Minnesota and Delaware. UPCIC is one of the leading writers of homeowners insurance in Florida and a...
North Carolina Auto Insurers Seek No Rate Change
Feb 6 2014 // North Carolina auto insurers say no rate increase is needed for auto insurance policies in the coming year. Insurance Commissioner Wayne Goodwin said the Department of Insurance has received the annual auto insurance rate...
Towers Watson Releases Analytical Scoring Model for Auto Insurers
Feb 5 2014 // Towers Watson, a global professional services company, has launched DriveAbility 2.0 Score, a new analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with...
UPenn Legal Scholar: FIO Report Is ‘Cautiously Sensible’
Feb 5 2014 // The Federal Insurance Office (FIO)’s recent report on how to improve and modernize insurance regulation has received a range of reactions since its publication in December. Recently a business law scholar at the...
Florida Home Insurer Universal P&C to Enter Indiana, Minnesota, Delaware
Feb 4 2014 // Florida-based Universal Property & Casualty Insurance Co. (UPCIC) has applied to expand into Indiana, Minnesota and Delaware. UPCIC is one of the leading writers of homeowners insurance in Florida and a fully licensed...
Kansas Insurance Department Seeking to Raise Insurer Fees
Feb 4 2014 // The Kansas Insurance Department is asking the Legislature for permission to raise fees paid by insurance companies because the state has diverted millions of dollars from its regulatory fund for other purposes. Zachary...
Ironshore’s Australian Sub to Buy Specialist Insurer Assetinsure
Feb 4 2014 // Bermuda-based Ironshore Inc. announced that its Australian subsidiary has entered into an agreement to purchase all of the shares of Assetinsure Holdings Pty Ltd, the parent company of Assetinsure Pty Ltd (collectively...
Deconstructing Texas Insurance Law: Ewing Confirms Court’s Shift
Feb 3 2014 // On Jan. 17, 2014, the Texas Supreme Court in Ewing Construction Company v. Amerisure Insurance Co. issued another surprising and controversial decision in a construction defect coverage case. For many years the Texas...
Insurer to Give Away $1.5M in Twitter Contest
Feb 3 2014 // Direct car insurance provider Esurance is giving consumers a chance to win $1.5 million in a Twitter sweepstakes. Actor John Krasinski announced Esurance’s Twitter sweepstakes in a television commercial that aired on...
Insurer Group: Texas Auto, Homeowner Complaints at a Record Low
Feb 3 2014 // In 2013, Texas drivers and homeowners filed the fewest number of complaints against their insurance companies since the Texas Department of Insurance (TDI) began keeping records, the Insurance Council of Texas...
Best Affirms Mercury General and Subs Ratings; Outlook Stable
Feb 3 2014 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the insurance entities within the Mercury Casualty Group Best also...
Wisconsin Health Insurer Missing Hard Drive with Customer Data
Feb 2 2014 // Wisconsin’s Unity health insurance says a portable hard drive containing health information for about 41,000 people has been missing for seven weeks. The insurance company said it was offering identity theft...
Mississippi Bills Seek More Insurance Company Cost Disclosure, Deductibles Regulation
Jan 31 2014 // Mississippi lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code under a bill advancing in the state legislature. House Bill 753 could spark more...
U.S. FAA Cuts India Aviation Safety Ranking as Standards Not Met
Jan 31 2014 // The U.S. Federal Aviation Administration cut India’s safety ranking for the first time citing a failure to meet requirements, a move that could thwart local carriers’ expansion to the world’s biggest...
UK Insurers to Pay Out $701 Million from December, January Floods
Jan 31 2014 // The insured bill for the damage caused by the storms and flooding over the Christmas 2013 and New Year period looks set to cost £426 million [$701 million], according to the Association of British Insurers (ABI). The ABI...
NAMIC Frets Over Workers’ Comp Bills in Hawaii
Jan 30 2014 // There are several workers’ compensation-related bills moving through Hawaii state legislature that one trade group is watching closely. The National Association of Mutual Insurance Companies is keeping its eye on...
Optical Insurer VSP Vision Care to Cover Google Glasses
Jan 29 2014 // Google Inc.’s glasses, computerized eyewear that enables users to check e-mail or listen to music, will be covered by the largest optical insurer in the U.S., VSP Vision Care. VSP Vision, which covers 20 percent of...
Oasis Consortium of 21 Insurers, Brokers Launches Independent Cat Model
Jan 28 2014 // The Oasis Loss Modelling Framework has unveiled what it describes as “the most significant development in the modelling of natural catastrophe losses for 20 years”— the launch of an independent, global, open...
