Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
FERMA Offers Trialogue between Risk Managers, Carriers and Brokers – Part 1
Oct 4 2013 // The insurance industry may have given the world a new word – “trialogue,” meaning a three way conversation. Oddly enough the first person to use it at the Federation of European Risk Management...
Bill Would Take the Florida Cat Fund in the Wrong Direction
Oct 3 2013 // Florida state Sen. Jeremy Ring, D-Margate, has filed Senate Bill 228 to maintain the current statutory requirement that the state-run Florida Hurricane Catastrophe Fund, better known as the Cat Fund, sell $17 billion in...
Underwriting, Investment Gains Boosted P/C Insurers’ Bottom Line in First Half 2013
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year. Insurers’ overall profitability as measured by their...
U.K. Regulator Scrutinizes Impact of Capital Influx on Insurers
Oct 3 2013 // British regulators are scrutinizing the impact of the wave of capital from investors such as hedge and pension funds on the insurance industry. “The availability of this additional capital inevitably affects the...
Insurer, Cargo Firm Sue FAA Over Payments for Military Crash in Afghanistan
Oct 3 2013 // National Air Cargo Group Inc. and its insurer sued the U.S. for breach of contract, saying the government failed to provide reimbursement of as much as $45 million for the crash of a Boeing 747-400 on a military mission in...
Michael Jackson Wrongful Death Case to Change Tune for Entertainment Insurance
Oct 2 2013 // When Britney Spears takes the stage this December for the first of a heavily hyped 100-show two-year residency at Planet Hollywood in Las Vegas, the loudest cheers may come from her insurance underwriters. Along with the...
Researchers Question Privacy of Usage-Based Auto Insurance
Oct 2 2013 // A study by a handful of university professors in Colorado claims user-based insurance tracking programs installed in millions of vehicles can collect data that shows where drivers are going, unbeknownst to most users of...
Monsanto to Buy Weather Data Modeler, Farm Insurer Climate Corp. for $930 Million
Oct 2 2013 // Monsanto Co., the world’s largest seed company, agreed to buy The Climate Corp. for about $930 million to provide farmers with weather data and agronomic modeling to boost yields and manage risk. Closely held Climate...
Sandy Victims Want Help With Insurers, Bureaucrats
Oct 2 2013 // The water came in torrents; the aid is being parceled out drip by drip. That was one of the main complaints voiced Monday by victims of Superstorm Sandy at a legislative hearing in Trenton, New Jersey, on the pace of the...
Burand’s Agency E&O Blog: Tip #48
Oct 2 2013 // Notifying Umbrella Carriers of Potential Claims. Every reader likely knows the importance of notifying an excess/umbrella carrier of potential claims in a timely manner. When the excess/umbrella carrier is the same carrier...
Deciphering the Texas Supreme Court’s Decision in Lennar v. Markel
Oct 1 2013 // When the Texas Supreme Court decides to look at controversial insurance coverage issues, you can assume that their decisions will never be boring. Such was the case in its Aug. 23 decision in Lennar Corp. v. Markel...
Insurers’ Private Firefighters Give Wealthy Homeowners Extra Protection
Sep 30 2013 // Bill Potter wasn’t eager to abandon his high-end house last month during evacuations forced by a massive Idaho wildfire, but he felt reassured when his insurance company sent a team to protect his home near the...
Attorney Jeff Kingsley on ‘Post Event’ Regulatory Changes, Cyber Liability
Sep 29 2013 // Jeff Kingsley, a partner in the law firm of Goldberg Segalla, specializes in the emerging and highly complex field of cyber liability and security, which requires explaining the difficult process of applying the long held...
Florida’s Citizens, Heritage Defend Controversial Takeout Deal
Sep 27 2013 // Florida’s state-backed property insurer found itself on the defensive in Tallahassee this week as state lawmakers inquired into a deal whereby a private insurer stands to receive millions in exchange for removing...
Groups Say Regulators Allow Unsafe Mexican Trucks on U.S. Roads
Sep 27 2013 // Regulators determined to let Mexican trucks on U.S. roads under a trade deal have downplayed safety shortcomings with companies in a border-crossing pilot program, according to safety, trucking and labor groups. Trucking...
Moody’s: Moderate Reserve Releases in U.S. P/C Industry to Continue
Sep 26 2013 // U.S. property and casualty (P/C) insurers continue to release reserves to support earnings, said Moody’s Investors Service in two recent reports. U.S. P/C insurers released $9.0 billion of reserves during the first...
Court Weighs Merits of Hold Placed on Florida PIP Reforms
Sep 25 2013 // Florida automobile insurers are hoping a court lifts an injunction that has blocked portions of the state’s 2012 no-fault law from taking effect. Florida’s First District Court of Appeals recently heard oral...
Tech Firm Trōv Promises to Reinvent ‘Insurance to Value’ for P/C Industry
Sep 25 2013 // A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’...
Average Obamacare Premiums Will Be Lower Than Projected
Sep 25 2013 // By Julie Appleby and Phil Galewitz Kaiser Health News Staff Writers Just days before new online health insurance markets are set to open, the Obama administration Wednesday released a look at average premiums, saying rates...
Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster
Sep 25 2013 // Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate...
