Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Sen. Warren Renews Call to Restore Glass-Steagall Walls Between Banks, Insurers
Sep 12 2013 // U.S. Senator Elizabeth Warren said banks remain too big to fail even amid the progress that has been made on financial regulation since the 2008 credit crisis. “If Dodd-Frank gives the regulators the tools to end too...
London Police Must Repay Insurers for Riot-Damaged Sony Warehouse
Sep 12 2013 // London police must repay the insurers of a warehouse that held Sony Corp. goods, damaged in riots that spread through the city in the summer of 2011, a judge ruled. Judge Julian Flaux said the attack on a building in north...
Commentary: ‘Prevention Is Better Than Cure’ in Property Insurance Disputes
Sep 11 2013 // Although the notion of a binding agreement between two parties dates back to ancient times, the doctrine of contracts has evolved through the years to meet the needs of modern times. In 1911, Judge Learned Hand defined...
World Bank Insurer’s Record Year Led by Power Projects Coverage
Sep 11 2013 // Political risk insurance provided by a World Bank Group agency in developing nations rose for a third straight year to a record, led by guarantees on power projects from Angola to Bangladesh. The Multilateral Investment...
Critics Say Taxpayers’ $14B Guarantees Profit for Crop Insurers
Sep 11 2013 // Former American International Group Inc. chief Maurice “Hank” Greenberg has a new business partner: the U.S. taxpayer. Greenberg’s Starr Indemnity & Liability Co. is one of 18 companies approved to...
Burand’s Agency E&O Blog: Tip #45
Sep 11 2013 // Loss Control Results Usually Require Disclosure. An agency that uses non-carrier loss control services, regardless of whether it is a third-party firm or an agency’s in-house loss control service, almost always has...
U.K. Crime Agency Won’t Name Insurers Using Illegal Sources
Sep 11 2013 // The U.K.’s Serious Organised Crime Agency refused to reveal the names of law firms and insurance companies that may have hired convicted private investigators who illegally gained information. SOCA declined to...
Workers’ Comp Premiums Jump 8.1% in First Half of 2013
Sep 9 2013 // Demotech’s review of second quarter 2013 data, as recently reported by insurers to the National Association of Insurance Commissioners (NAIC), shows three straight years of growth in workers’ compensation...
California Supreme Court Expands Unfair Competition Law to Insurers
Sep 9 2013 // The California Supreme Court issued its long-awaited decision in Zhang v. Superior Court, a case examining the scope of the California Unfair Competition Law (UCL, California Business and Professions Code §§ 17200 et...
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,...
