Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Paid Out $1.2M for Boston Bombing-Related P/C Claims So Far
Sep 9 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR...
Wisconsin Supreme Court Narrows Definition of ‘Occurrence’
Sep 9 2013 // Public policy and insurance law allow insurance coverage only for fortuitous events and not for harm or loss resulting from intentional acts. To this end, insurance policies provide coverage when an injury or loss is...
Study Finds Big Disparities in What Insurers Pay Hospitals in Same Cities
Sep 6 2013 // Kansas City, Missouri, and Indianapolis residents with private health plans face some of the widest disparities in U.S. hospital costs, often being charged twice as much as nearby facilities, a study found. The...
Carriers Urged to End Cyber Exclusion Clause for Energy Firms
Sep 6 2013 // Continuing uncertainty surrounding the application of cyber-exclusion clauses is eroding the value of insurance and causing mounting concern among global energy firms, according to Marsh’s latest Energy Market...
Driveway Software Launches Smartphone Platform for Usage-Based Insurance Market
Sep 5 2013 // San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone...
Judge Orders Armstrong to Answer Doping Questions in Insurer Case
Sep 5 2013 // A Texas judge is pushing Lance Armstrong closer to his first sworn testimony on details of his performance-enhancing drug use, ordering the cyclist to answer questions about who knew what and when about his doping,...
How U.S. Consumers Feel About Usage-Based Auto Insurance
Sep 5 2013 // U.S. drivers are open to purchasing usage-based auto insurance (UBI) policies, or “pay as you drive” insurance, and are even more interested when told their premiums would go down, according to a...
Best Expresses Concerns over London Market Placement Deals
Sep 5 2013 // A.M. Best has been studying the recent innovation in the London insurance market, exemplified by the arrangement between Aon and Berkshire Hathaway announced in March, which automatically shares a percentage of premiums...
EU Insurers Spent $6.5 Billion on Regulation in 2012: Deloitte Estimate
Sep 5 2013 // Europe’s 40 largest insurers spent as much as €4.9 billion ($6.5 billion) last year complying with new regulations, according to estimates by Deloitte LLP. The cost is equivalent to a one percentage point reduction...
Wells Media Launches Carrier Management Print Magazine
Sep 4 2013 // Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the website,...
South Dakota Ballot Measure Proposed on Health Insurance Restrictions
Sep 4 2013 // A proposed South Dakota ballot measure would prohibit insurance companies from restricting their customers’ choice of out-of-network health care providers. The proposed law, sponsored by three South Dakota doctors,...
Sprint Expands User-Based Insurance Platform
Sep 3 2013 // Sprint is expanding its user-based insurance platform — Integrated Insurance Solutions — with two new products that the company believes is the next step for UBI 2.0. Working with Modus, Sprint launched a text...
Tough-to-Kill New York Buses Drive Through U.S. Law’s Loopholes
Sep 3 2013 // Outside New York’s Winter Garden Theatre, where “Mamma Mia” is nearing the end of a 13-year Broadway run, unwitting tourists board a bus bearing the name of a company U.S. regulators tried to close two...
Agents Who Understand Customers’ Businesses Boost Commercial Insurers: J.D. Power
Sep 3 2013 // Small commercial lines insurance customers most value having an insurance agent or broker who completely understands their individual business and helps them assess and manage their risk. The highest-ranked small business...
Best Affirms Argo Group International and Subs Ratings; Outlook Stable
Sep 3 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries. Best also affirmed the...
Florida’s Citizens Signs with 10 Insurers to Take Nearly 400,000 Policies
Sep 3 2013 // Hundreds of thousands of Floridians who rely on Citizens Property Insurance could soon find themselves with a new insurance company. State regulators last week quietly signed off on a plan to let 10 different insurance...
Insurers Have Paid $1.2M for Boston Bombing P/C Claims So Far; Health Claims to Top $22M
Aug 30 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR...
Florida Insurers, Hospitals Findings Ways to Cut Costs
Aug 30 2013 // As health care costs rise in Florida, insurers and hospitals vested in the success of the Affordable Care Act, are coming up with new ways to cut costs from buying services in bulk and piloting programs to lowering...
No Insurer Assessments for TWIA, for Now
Aug 29 2013 // Despite pleas from officials and policyholders in Texas Gulf Coast communities, the board of the state’s insurer of last resort for wind along the coast has decided not to assess its member insurance companies for...
Tennessee’s Jamieson & Fisher Joins Keystone Insurers Group
Aug 29 2013 // Keystone Insurers Group said Covington, Tenn.-based agency Jamieson & Fisher Inc. has become its 21st franchise partner in the state. The announcement was made by Jamieson & Fisher President Ed Kaiser and Keystone...
