Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
U.K. Insurers to Invest $41 Billion in Infrastructure
Dec 4 2013 // The U.K.’s largest insurance companies will invest £25 billion ($41 billion) in infrastructure, as the government prepares to update its plan for projects from energy and transport to communications. The government...
MTA’s Captive Insurer FMTAC Comments on Coverages for Train Derailment
Dec 3 2013 // New York’s Metropolitan Transportation Authority (MTA) has a wholly owned insurance subsidiary, a captive insurer called the First Mutual Transportation Assurance Company (FMTAC), that will provide part of the...
Texas Regulators Post Summaries of Property/Casualty Insurance Bills for 2013
Dec 3 2013 // The Texas Department of Insurance has posted information and brief summaries of selected bills enacted during the 83rd Legislative regular session that relate to property/casualty insurance. The bills listed may require...
Chamber Calls for Stricter Rules on Systemic Risk Designations on Insurers
Dec 3 2013 // The U.S. Chamber of Commerce is calling for rules that would make it more difficult for a group of regulators to subject financial companies to stricter oversight. A vote of three-quarters of the Financial Stability...
Immediate Notice Required, Euthanasia Allowed in Equine Mortality Policies
Dec 3 2013 // The main difference between livestock, or equine, mortality insurance and human life insurance is that a livestock owner, subject to certain conditions, may sometimes euthanize the animal and still collect policy proceeds,...
Iran Oil Shipping Insurance Sanction Relief Not Likely Any Time Soon
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover. A...
Independent Agents, Regional Carriers, Innovation and Excellence
Dec 2 2013 // Insurance organizations that are local or regional are a part of the largest segment of employers in the American economy. Why should they exist and succeed in a world where bigger is associated with better? Their success...
E&O Insights: How to Minimize E&O When Selling Employee Benefits
Dec 2 2013 // Agencies involved in the sales and service of employee benefits know that the issue of errors and omissions (E&O) is very real — and that proper steps must be taken to minimize that exposure. Many in the employee...
Program Market Growth: New Study Shows Business Up 10%
Dec 2 2013 // Program insurance premium revenues increased 10.8 percent in 2012, more than three times the rate of premium growth in the overall commercial insurance markets, according to results from a recent survey by the Target...
Immediate Notice Required, Euthanasia Allowed in Equine Mortality Policies
Dec 2 2013 // The main difference between livestock, or equine, mortality insurance and human life insurance is that a livestock owner, subject to certain conditions, may sometimes euthanize the animal and still collect policy proceeds,...
Obamacare Proposal Boosts Payments to Insurers for Sicker Policyholders
Nov 27 2013 // The U.S. government is proposing compensation to help insurers participating in Obamacare health exchanges who fear that their costs will spin out of control if their plans are dominated by sicker people. Fears about cost...
California Insurers Group: Jones Was Correct on WC Pure Premium
Nov 26 2013 // California Insurance Commissioner Dave Jones was correct to recognize the increasing costs in the state’s workers compensation system when he made his pure premium advisory rate recommendation on Friday, says the...
Some NYC Hospitals Not Taking New Health Plans
Nov 22 2013 // New Yorkers buying a health plan on the state’s new insurance exchange should read the fine print if they’re interested in getting care at some of the city’s top hospitals. Not all are participating in...
German Finance Chief Schaeuble Vows to Help Insurers Vying with Low Interest Rates
Nov 21 2013 // German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer “false stimulus” and that monetary policy alone would not...
States, Insurers Working on Ways to Bypass Obamacare Federal Exchange
Nov 21 2013 // States and insurers are already working to bail out President Barack Obama’s healthcare overhaul, anticipating the system’s online insurance exchanges may not be ready by a critical December deadline. All of...
Illinois Independent Agency, Williams-Manny, Joins Keystone Insurers Group
Nov 20 2013 // Keystone Insurers Group announced that Williams-Manny Inc. of Rockford, Ill., has become its second franchise partner in Illinois. Keystone, with partner agencies in nine states, is pursuing a strategy of rapid expansion...
Deputy Treasurer Nominee Says Bank Regulations Not Right for Insurers
Nov 20 2013 // President Barack Obama’s nominee to serve as deputy U.S. Treasury Secretary told lawmakers on Wednesday she believes that large systemically important insurance companies should not face the same capital rules as...
Insurer Sues Over 2011 Hawaii Wind Farm Fire Losses
Nov 20 2013 // The insurance company that paid $2.4 million to cover losses from a wind farm fire in Hawaii is suing manufacturers that built parts of its battery system. The Honolulu Star-Advertiser reported Certain Underwriters at...
Fed Chair Nominee Yellen Vows to ‘Carefully Consider’ SIFI Rules for Insurers
Nov 20 2013 // Federal Reserve Vice Chairman Janet Yellen said the central bank will “carefully consider” how to apply new regulatory standards to insurance companies that fall under the central bank’s supervision. The...
Tower Group Update: CEO Says Insurer Will Meet Obligations
Nov 20 2013 // A day after Tower Group International Ltd. disclosed “substantial doubt about the company’s ability to continue as a going concern,” the insurer’s CEO issued a letter seeking to reassure business...
