Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Building Updates: Aging Electrical Systems
Feb 25 2013 // The Agent’s Role as Advisor and Risk Manager Editor’s note: This is the first of a three-part series to explain insurers’ requirements for building updates and to help agents advise clients on mitigating...
California Commissioner Fingers Insurers for Iran Investments
Feb 25 2013 // California Insurance Commissioner Dave Jones in mid-February singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear...
Alabama Insurers Must Register or Face Fine
Feb 25 2013 // Hundreds of property/casualty insurance companies have not registered with Alabama regulators as required, prompting the state insurance department to issue a warning and extend the registration deadline to March 31. The...
Insurers Begin Employing IBM’s Supercomputer Watson
Feb 25 2013 // Dr. Watson is accepting new patients. The Watson supercomputer is being offered commercially to doctors and health insurance companies, IBM said this month. IBM Corp., the health insurer WellPoint Inc. and Memorial...
Yacht Fires Pose Challenge to Firefighters and Insurers
Feb 25 2013 // Difficult to access and usually within confined spaces, yacht fires can grow into big losses quickly, posing challenges to both firefighters and insurers. Severity, a concern for high-end watercraft insurers led to the...
Mobile Technology Gaining with Insurers: Survey
Feb 25 2013 // While much of the attention around use of mobile devices in insurance has centered on consumer apps offered by large personal lines insurers, other property/casualty insurers and life/annuity insurers are rolling out...
Wells Media Launches ‘Carrier Management’ For P/C Insurance Executives
Feb 22 2013 // Without a single headline referring to a hardening property/casualty insurance market, Wells Media Group has launched a new website—CarrierManagement.com—a business management publication focusing on the needs of...
N.Y. Regulators to Examine 3 Insurers for Claims Practices Related to Sandy
Feb 22 2013 // New York Gov. Andrew Cuomo announced Thursday that the Department of Financial Services is investigating the claims practices of three insurers following the aftermath of Superstorm Sandy. The three insurers are:...
Florida Senate Leader to Insurers: Where Are Savings from PIP Reforms?
Feb 21 2013 // Key Florida lawmakers are running out of patience with the state’s fraud-plagued no-fault motor vehicle insurance system that has cost policyholders hundred millions of dollars. Senate President Don Gaetz ,...
Administration Issues Final Rule on Minimum Benefits Under Obamacare
Feb 21 2013 // The Obama administration on Wednesday issued its long-awaited final rule on what states and insurers must do to provide the essential health benefits required in the individual and small-group market beginning in 2014...
Report Questions Safety Oversight of Smaller Airlines
Feb 20 2013 // Since a deadly airline crash in 2009, the government hasn’t kept its promise to ensure that major airlines are holding their smaller partners to the same safety standards, a federal watchdog says. The Transportation...
Fitch Concludes Indonesian Flood Losses Manageable for Non-Life Insurers
Feb 20 2013 // Fitch Ratings said it does not expect insured losses from the recent flooding in Jakarta, Indonesia in January to trigger widespread solvency problems or excessive financial strain on the balance sheet of non-life insurers...
Where to Find the Best Possible Cyber Coverage
Feb 19 2013 // There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber insurance products are combined with insurance policies of another...
Statistics on Insurers Handling Sandy Flood Claims
Feb 19 2013 // The 15 insurers participating in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date:...
Geography To Play Larger Role In California Health Premiums
Feb 17 2013 // Whether it’s the densely populated Southern California coast or the mountains of rural Northern California, geography is going to play a larger role in the cost of health insurance under the federal health care...
FEMA Data Suggests Some Insurers Handling NFIP Claims Faster Than Others
Feb 17 2013 // Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Superstorm Sandy. Nearly 40 percent are still waiting for the final...
Insurer Reports Sandy Flood Claims Resolving Quickly
Feb 14 2013 // A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal...
Insurer to Take 31,000 Commercial Wind Policies from Florida’s Citizens
Feb 14 2013 // Florida’s state-backed property insurer has approved a plan to shift 31,000 commercial wind-only policies to a new private insurer. The board of Citizens Property Insurance Corp. approved the plan earlier this week....
California Commissioner Fingers Insurers for Iran Investments
Feb 13 2013 // California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear sectors. During...
Maine-Based Workers’ Comp Insurer MEMIC Group Announces 2 Promotions
Feb 13 2013 // The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, announced the promotions of Matthew Harmon and Daniel Smith to assistant vice president of claim operations.Matthew Harmon and Daniel...
