Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Lloyd’s Insurer Advent Names Fitzgerald as CEO
Jul 12 2013 // Lloyd’s insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition to the CEO role since his arrival at Advent in November, 2012 as chief...
Wildfires, Hail Take Toll on Colorado Homeowners Insurance
Jul 11 2013 // It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recently doused Black...
Michigan: Bulk of Insurance Complaints in 2012 Concerned Claims Handling
Jul 11 2013 // The Department of Insurance and Financial Services (DIFS) says consumers in 2012 filed more than 3,000 complaints against insurance companies doing business in Michigan. Complaints were filed against carriers writing...
Insurer Fined by South Dakota Says It Is Now in Full Compliance
Jul 11 2013 // A Nebraska-based insurance company that is being fined $325,000 for violating South Dakota laws and regulations says it has taken steps to ensure it is in full compliance. Omaha-based Ability Insurance says in a statement...
Top 10 U.S. Aircraft Insurers: SNL
Jul 11 2013 // American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. AIG’s role is not surprising, given its presence in Asia and focus on the...
Insurer Backing Detroit Bonds Opposes City Plans
Jul 10 2013 // An insurance company that backs more than $170 million in Detroit bonds says it opposes a plan by the city’s state-appointed emergency manager to restructure the city’s finances. Ambac Assurance Corp. said in a...
Iowa Insurer’s Cash Reserve Size Questioned
Jul 10 2013 // Two state senators want Iowa to investigate whether the state’s dominant health insurer really needs $1.3 billion in reserves. Sens. Jack Hatch and Matt McCoy, both Des Moines Democrats, are skeptical about Wellmark...
Texas Judge Allows Insurer’s Lawsuit Against Armstrong to Proceed
Jul 10 2013 // A Texas judge has refused Lance Armstrong’s request to dismiss an insurance company’s lawsuit seeking $3 million in bonuses it paid him from 1999 to 2001. Nebraska-based Acceptance Insurance Holdings sued...
South Dakota Fines Nebraska-Based Insurance Company
Jul 10 2013 // South Dakota’s Division of Insurance has levied a $325,000 fine against a Nebraska-based insurer for violating South Dakota laws and regulations. It is the largest such fine in South Dakota history, Insurance...
As Political Risks Proliferate, Insurers Increase Coverage Options
Jul 10 2013 // Could it happen to us? Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing up to...
Vermont Waste Facility Sues Insurer to Recover Payouts
Jul 9 2013 // The Chittenden Solid Waste District that inadvertently sold compost contaminated with herbicides last year is suing its insurance carrier to help recover at least part of the more than $520,000 it has had to pay out. In...
AIG Reported to Be Lead Insurer for Asiana Crash in San Francisco
Jul 9 2013 // International Group Inc. was the lead insurer providing coverage for the Asiana Airlines Inc. jet that crashed while landing in San Francisco last weekend, according to two people familiar with the matter. The coverage is...
Conn.-Based Medical Liability Insurer CMIC Names Director of Loss Prevention
Jul 8 2013 // CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, recently promoted Denise Condron to director of loss prevention.Denise CondronHer responsibilities include...
Insurers’ Group Urges R.I. Governor to Veto Auto Body Legislation
Jul 8 2013 // The Rhode Island Legislature passed legislation before adjournment on July 3 that could impact the pockets of Rhode Islanders when they have to pay for auto body repairs, according to the Property Casualty Insurers...
Detroit Files Lawsuit Against 1 of Its Insurers
Jul 8 2013 // Detroit has filed a lawsuit against an insurance company the city says is improperly withholding $11 million a month in casino payments and taxes. According to The Detroit News, the suit against Syncora Guarantee Inc. was...
New Jersey Utility Sues 11 Insurers Over Sandy Storm Coverage
Jul 8 2013 // Public Service Enterprise Group Inc., the largest provider of gas and electric service in New Jersey, sued 11 insurers, including American International Group Inc., over losses from Hurricane Sandy. PSE&G, which...
Chinese Insurer Buying Lloyd’s of London Building
Jul 8 2013 // Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. A Chinese...
Swiss Insurers May Be Next in U.S. Crackdown on Tax Evasion
Jul 8 2013 // Swiss insurers are scrambling to defend themselves against possible investigations into billions of dollars of untaxed assets held by their American clients. As Switzerland continues to seek a data-transfer deal with the...
Iowa’s Top Insurer Delays Exchange Participation
Jul 3 2013 // Iowa’s leading health insurer will wait a year before participating in the state’s new health exchange due to concerns about problems that could arise with its implementation in the early going, company’s...
Prudential Will Appeal SIFI Designation; AIG, GE Will Not
Jul 3 2013 // Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial system, becoming the first company to challenge the label that brings additional...
