Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
South Dakota Panel Endorses Insurance Bills Aimed at Consumer Protection
Jan 21 2014 // A South Dakota legislative panel has approved a package aimed at giving people better protection against unfair practices by insurance companies. The proposals were drafted at Gov. Dennis Daugaard’s request after...
Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR Report
Jan 21 2014 // Florida’s top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates have started to trend downward due in part to the reduction in reinsurance...
Florida Bill Would Restrict Insurers in Underwriting Gun Owners
Jan 17 2014 // Florida lawmakers say they want to protect policyholders’ second amendment rights to bear firearms by preventing insurers from issuing, renewing or canceling a policy based on whether the policyholder possesses a...
Wyoming Hitching Post Owners, Insurer Settle Suit
Jan 17 2014 // An insurance company has reached a confidential settlement agreement with the company that owns The Hitching Post Inn, the landmark Cheyenne, Wyo. hotel that lost its main lodge in an arson fire a few years ago. U.S....
Oracle Loses Bid to Have D&O Insurer Beazley Pay $20M in Claims Over Acquisition
Jan 16 2014 // Oracle Corp. can’t rely on an insurer to pay $20 million to help settle shareholder claims over the software maker’s acquisition of a company controlled by Oracle founder Larry Ellison, a judge...
Brown & Brown to Acquire Flood, Specialty Insurer The Wright Group
Jan 15 2014 // Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright’s lead equity partner. The Wright...
P/C Insurers Face Challenge to Match 2013 Results in 2014
Jan 15 2014 // The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year’s results as insurers begin to face more headwinds, according to...
Obamacare to Ramp Up Pitch to Younger Insureds
Jan 14 2014 // The U.S. government said it would ramp up Obamacare outreach in 25 cities to lure younger people to the program after a report showed about 70 percent of the initial customers are 35 years of age or older. The effort by...
German Public Sector Insurers Unlikely to Merge: Fitch
Jan 14 2014 // German public-sector insurers, which include Versicherungskammer Bayern and Provinzial Nordwest Holding AG, are unlikely to merge, Fitch Ratings said. “There is no requirement for such a high number of public- sector...
Texas Windstorm Insurer Releases Questionable Emails to Attorney
Jan 13 2014 // The Texas Windstorm Insurance Association (TWIA) announced it has released to a litigator what it calls “potentially offensive” emails as part of discovery in a lawsuit against the insurer brought on behalf of...
Florida Panel Takes First Step To Creating Private Flood Market
Jan 13 2014 // With thousands of Florida residents facing dramatic increases in their flood insurance premiums, state lawmakers are preparing the groundwork for a private market option to premiums charged by the federal flood insurance...
Global Natural Disasters Cost Insurers $45B in 2013: Impact Forecasting
Jan 13 2014 // In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent below the 10-year average of $200 billion, but above the average 259 events, according to a...
ACE Buying 69% Stake in Thai Insurer
Jan 13 2014 // ACE Limited (ACE) said it has agreed to purchase a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established in 1947 and listed on the...
AIG Rebranding, Expanding Retirement Services As Others Retreat
Jan 13 2014 // American International Group Inc. plans to add 600 advisers and expand their offerings to boost sales as rivals retreat from some retirement products. The insurer will increase the number of career agents at its newly...
P/C Insurers Show Big Gain in Underwriting Profits
Jan 13 2014 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
Transportation Network Companies, Uber Gap Worries Insurers
Jan 10 2014 // The tragedy of a young girl who was killed on New Year’s Eve by a motorist on contract with a cellphone app-based ridesharing service has at least one insurance group speaking up even louder to drive home a point...
Delaware Judge Weighs D&O Insurer’s Obligation in Oracle Settlement
Jan 10 2014 // Attorneys for Oracle Corp. are asking a Delaware judge to order an insurer to pay $20 million to cover attorney fees related to the proposed settlement of a shareholder lawsuit. The lawsuit challenged Oracle’s 2011...
China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion
Jan 10 2014 // China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for €1 billion ($1.36 billion), beating out U.S. buyout firm Apollo Management International...
Iowa-Based Insurance Company Sues Google over Copyrighted Photo
Jan 9 2014 // A Des Moines, Iowa, insurance company is suing Google, demanding it remove a copyrighted photo from a private blog that mocks corporate headshots. ARAG North America and Ann Dieleman, a senior vice president and chief...
Insurance M&A Trends That May Lead to ‘Perfect Storm’ in 2014
Jan 9 2014 // Encouraged by a vigorous period of insurance M&A activity in the second half of 2012, many in the industry had high expectations of robustness in 2013. It’s clear now that 2013 M&A activity did not reach the...
