Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mobile Technology Gaining with Insurers: Survey
Feb 11 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...
Insurers Begin Employing IBM’s Supercomputer Watson
Feb 11 2013 // Dr. Watson is accepting new patients. The Watson supercomputer is graduating from its medical residency and is being offered commercially to doctors and health insurance companies, IBM said Friday. IBM Corp., the health...
Report Card on Citizens Questions Some Outside Contracts
Feb 11 2013 // Florida regulators have released a report into Citizens Property Insurance Corp. that says the state-backed company failed to sufficiently negotiate outside vendor contracts and review travel and other expenses. At the...
The Insurance Mood in Tallahassee
Feb 11 2013 // Lawmakers Have Insurance Concerns But Will They Act in 2013? When you ask experts in Florida to describe the mood of state lawmakers about insurance reforms in 2013 they use words like “disinterested” and...
Unfair Drivers
Feb 11 2013 // In its latest report on auto insurance premiums, the Consumer Federation of America (CFA) said insurers charge higher premiums to safe drivers than to unsafe drivers. That claim seems to go against the grain when...
Dallas-Based Prize Insurer Sues Lance Armstrong for $12M
Feb 8 2013 // A Dallas-based firm that specializes in insuring promotions and prizes has filed suit against Lance Armstrong seeking to recoup millions in prize money awarded to the former professional cyclist for winning the Tour de...
Alabama Warns Hundreds of Insurers to Register or Face Fine
Feb 8 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...
Exclusive Interview: North Carolina Commissioner Goodwin on Home, Auto Markets
Feb 7 2013 // Recently re-elected North Carolina Insurance Commissioner Wayne Goodwin is more focused on reform of the state’s homeowners insurance market than he is on auto insurance. As was the case four years ago when he first...
Policyholder Education: Agent or Carrier Responsibility?
Feb 7 2013 // Policyholder education about insurance coverage wording is a critical challenge for the property/casualty insurance industry. But who should be doing the teaching — agents or carriers? During a recent industry meeting, a...
Lucky Or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Feb 7 2013 // At least one industry analyst says that good risk management is protecting insurers as they face a new normal level of catastrophe losses. Other experts believe luck is playing a bigger role than skill. Speaking at the...
N.J. Announces New Captive Insurer; 8 Captives Approved Since 2011
Feb 7 2013 // The New Jersey Department of Banking and Insurance announced Wednesday that the department approved Lumerica Insurance Company, a subsidiary of BASF Americas Corporation, to operate as a captive insurer in New Jersey. The...
Debate Over Terrorism Insurance to Be Renewed
Feb 6 2013 // Bipartisan legislation filed yesterday in the House of Representatives promises to renew the federal terrorism reinsurance program and the debate about whether the backup program is necessary. Introduced by Reps. Michael...
Workers’ Compensation Insurer MEMIC Expanding to Florida
Feb 6 2013 // Portland, Maine-based workers’ compensation insurer The MEMIC Group said it will open its first office in Florida in the second quarter of 2013. MEMIC President and CEO John T. Leonard said the company’s plan...
New York Recruiting Insurers for Health Benefit Exchange
Feb 5 2013 // New York has started recruiting insurance companies to provide coverage through the New York Health Benefit Exchange created under national health care reforms. The exchange says that plans must provide comprehensive...
Florida Report Cites Citizens’ Outside Vendors, Claims Handling
Feb 4 2013 // Florida regulators have released a report into Citizens Property Insurance Corp., finding that the state-backed company failed to sufficiently negotiate outside vendor contracts and review travel and other expenses, while...
Obama Offers Compromise on Birth Control Insurance Coverage
Feb 4 2013 // The Obama administration on Friday sought to settle a dispute with religious leaders over whether employees at faith-affiliated universities, hospitals and other institutions should have access to health insurance coverage...
Appraisals, Breach of Contract and Bad Faith: Is There a Connection?
Feb 1 2013 // One of the axioms of Texas bad faith law has always been that there is no bad faith where a carrier has not breached its duties to the insured. If you act reasonably and make a mistake, it is not bad faith. In almost all...
Lloyd’s Insurer Jubilee Welcomes Rules on PPI to Rebuild Confidence
Feb 1 2013 // Jubilee, the specialist Lloyd’s insurer, has broadly welcomed the joint Financial Services Authority (FSA) and Office of Fair Trading (OFT) final guidance on Payment Protection products as an important move forward...
California Department of Insurance: $20M Rate Reduction for Homeowners
Jan 31 2013 // Insurance Commissioner Dave Jones on Thursday announced today a 35 percent rate reduction for lender-placed homeowner’s insurance coverage offered by QBE Insurance Corp. The rate reduction will result in an estimated...
Too Early to Know Cost of 787 Dreamliner Claims, Says Boeing’s Insurer
Jan 30 2013 // Boeing Co. has some insurance in case its aircraft are grounded, but it is far too soon to say whether the problems with the 787 Dreamliner will lead to significant claims, the head of the planemaker’s lead insurer...
