Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Canada’s P&C Insurers to Expand with ‘Receivables Insurance Association’ Launch
Jun 18 2013 // The Canadian property and casualty insurance industry is expanding with the launch of the Receivables Insurance Association of Canada. “Less than 1 percent of Canadian companies currently utilize receivables...
Oklahoma Commissioner Advises Insurers to Delay Nonrenewals
Jun 17 2013 // Insurance Commissioner John D. Doak has issued a bulletin to all Oklahoma-licensed property and casualty insurers and insurance producers, advising them to keep customers on their current policies for at least 60 days...
Report: California Workers’ Comp Insurers’ Return on Worth Up
Jun 17 2013 // California workers’ compensation insurers’ average return on net worth increased for the second year in a row in 2011, according to the latest National Association of Insurance Commissioners report on insurer...
Insurers Pay $600K in West Virginia Racism Case
Jun 17 2013 // Insurance companies will pay $600,000 to a former officer who sued the Sophia (West Virginia) Police Department over claims he was harassed and fired because he is black, Mayor Danny Barr said. That payout is more than the...
Solar Storm Threats Pose Emerging Risk for Industry: Lloyd’s
Jun 17 2013 // A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars. That’s according to Lloyd’s...
N.Y. Reaches Agreements With 4 More ‘Force-Placed’ Insurers
Jun 17 2013 // New York officials announced that the state’s “force-placed” insurance reforms will now cover 100 percent of the New York market after the New York State Department of Financial Services (DFS) reached...
Regulators Examining Insurers’ Cyber Security Readiness
Jun 17 2013 // New York’s top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks earlier this year. The...
Massachusetts Health Insurer Ends Coverage of Compounded Drugs
Jun 14 2013 // The second largest health insurer in Massachusetts has announced that it will no longer cover specialty medications known as compounded drugs, months after a deadly nationwide meningitis outbreak was traced to a...
Small Health Insurers Assuming Big Role In Many States Under Obamacare
Jun 14 2013 // When the state of Mississippi begins offering subsidized health insurance under President Barack Obama’s reform law this year, residents will have only one choice – Magnolia Health Plan – a small insurer...
Research Shows Customer Engagement Makes Major Impact on Insurance Consumers’ Buying Decisions
Jun 13 2013 // Richardson, TX, 6/13/13 – KBM Group, a marketing services company specializing in helping companies with customer engagement strategies, is releasing results of its independent research on the impact customer engagement...
N.Y. Says Life Insurers’ Use of ‘Shadow Insurance’ Could Hurt Policyholders
Jun 12 2013 // New York State’s financial regulators issued a report today that found a widespread use of captive, reinsurance entities by New York-based life insurance companies. Calling these arrangements “shadow...
New Survey Explores How Carriers Support Agency Growth Strategies
Jun 12 2013 // Carriers can be instrumental in helping agencies grow through referrals, expanded coverages, and clear business line or geographic expansion planning Despite the challenges facing the industry and the broader economy, two...
Burand’s Agency E&O Blog: Tip #35
Jun 12 2013 // Carrier Rating Notifications. What responsibility does an agency have to notify clients of carrier ratings? On new business, it is a good idea to list the carrier’s rating. However, if the carrier has an A.M. Best...
Geneva Association’s Fitzpatrick on Systemic Risks, Nat Cats, ILS, Cyber Risks
Jun 11 2013 // When the Geneva Association’s presentation on how and why governments and re/insurers need to work more closely adjourned, we were able to talk to the organization’s Secretary General, John Fitzpatrick, a...
14 Insurers File to Be on Michigan Health Exchange
Jun 10 2013 // Fourteen health insurance companies have filed to offer plans through a new Michigan insurance market being created under the federal health care law. The state Department of Insurance and Financial Services says it...
U.S. Insurers Financially Prepared for Hurricanes in 2013: Fitch
Jun 7 2013 // There is sufficient capacity available in insurance and reinsurance markets to provide sufficient coverage and withstand potential losses from hurricane related perils this storm season, according to Fitch Ratings’...
South Dakota Gov. Questions Complaint Probes Against Insurers
Jun 6 2013 // Gov. Dennis Daugaard has asked South Dakota Labor Secretary Pam Roberts to review her agency’s procedures for investigating consumer complaints against insurance companies. The move comes after the Argus Leader...
Governments and Re/Insurers Should Work Together to Face Rising Disaster Costs
Jun 6 2013 // A presentation from the Geneva Association (GA), the international insurance think tank for strategically important insurance and risk management issues, calls for a long awaited dialogue between the industry and all...
4 Insurance Companies Interested in Arkansas Exchange
Jun 5 2013 // Four insurance companies plan to sell their policies to more than 500,000 Arkansas residents through an online marketplace created under the federal health care law, the state Insurance Department announced. The department...
R.I. GOP Chair: Default on 38 Studios Bonds, Insurers Will Pay Bondholders
Jun 5 2013 // Rhode Island’s Republican Party chairman has joined the call for the state to default on the money it owes for its failed investment in former Red Sox pitcher Curt Schilling’s bankrupt video game company. Mark...
