Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
ABI Warns UK Homeowners of Subsidence Risks from Drought
Mar 14 2012 // The Association of British Insurers (ABI) is urging homeowners not to worry unnecessarily, but to be aware of the ongoing drought conditions currently afflicting the UK. The extremely dry weather, with little or no...
After Failure, MetLife Criticizes Federal Reserve Stress Test As Flawed for Insurers
Mar 13 2012 // Citigroup and MetLife led a list of financial institutions that failed the Federal Reserve’s latest round of stress testing Tuesday, a shock result for two companies that were widely expected to return billions of...
Tetrault Named Counsel for Insurer Group NAMIC’s State, Policy Affairs
Mar 13 2012 // The National Association of Mutual Insurance Companies (NAMIC) has named Paul Tetrault to the position of state and policy affairs counsel. Tetrault has served as Northeast state affairs manager for NAMIC for more than six...
Talbot, Abu Dhabi Insurer End Joint Venture; Continue Commitment
Mar 13 2012 // Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company (ADNIC), a prominent insurance company in the UAE, announced today that they are ceasing their Joint...
Florida’s Citizens Assessment Rate to Change Under New Law
Mar 12 2012 // Florida lawmakers have approved a bill that reduces the assessment rate of the state-run property insurer to give policyholders more time to retire deficits. The bill would also reduce the financial pressure on the...
Insurance Company Asks: Do Powell Siblings Get Money?
Mar 9 2012 // A life insurance company has asked a judge to decide whether any of Josh Powell’s relatives are entitled to collect on a $1.5 million policy after he killed himself and his two sons in a Washington house fire last...
Nebraska Medical Liability Insurer Adds Staff, Announces Promotions
Mar 9 2012 // Preferred Professional Insurance Company (PPIC), an Omaha, Neb.-based Catholic-owned medical liability insurance firm, has hired Patti Hiemer as the company’s accounting clerk and made a number of staff...
Captives Bring Premium Dollars and Jobs to Missouri
Mar 9 2012 // When it comes to the captive insurance industry, slow and steady growth is just fine with the state of Missouri. But it’s not like the state is reluctant to encourage captives to form or relocate there. Far from...
Missouri Senators Look at Changes to Workers’ Comp Insurer
Mar 8 2012 // Missouri senators are looking at changing a state-created insurance company after an audit criticized the firm’s operations and expenses. State Auditor Tom Schweich called for the legislature to investigate whether...
Portland Sues Former Insurance Company Over Claims
Mar 8 2012 // Portland is suing a former insurance carrier for $1.5 million in legal defense costs for claims involving nine employees. The city says the ICSP company refused to pay costs that exceeded the city’s $1 million limit....
Portland Sues Former Insurance Company Over Claims
Mar 7 2012 // Portland is suing a former insurance carrier for $1.5 million in legal defense costs for claims involving nine employees. The city says the ICSP company refused to pay costs that exceeded the city’s $1 million limit....
SEC Weighs Exempting Insurance Companies from Volcker Rule
Mar 7 2012 // The top U.S. securities regulator said on Tuesday her agency is exploring whether insurance companies can qualify for a coveted exemption in the proposed Volcker rule that would protect them from having to scale back their...
Tokio Marine Buyout of Insurer Delphi Allowed to Proceed
Mar 7 2012 // A Delaware court on Tuesday denied a request to block the $2.7 billion sale of insurer Delphi Financial Group to Tokio Marine Holdings Inc., brought by pension-fund investors who claim that Delphi’s CEO was unjustly...
Florida Surplus Lines Take-Out Bill Heading for Defeat
Mar 6 2012 // A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up...
Missouri Senator Pushes for Changes to Homeowners Insurance
Mar 5 2012 // After the powerful tornado tore through his southwest Missouri hometown in May 2011, Joplin resident Chuck Surface said he and his wife had to not only rebuild, but spent several weeks trying to figure out how much all the...
Sharing Economy Calls For Insurance Innovation
Mar 5 2012 // How Insurance Helped Getaround Get Going Can technology positively impact a billion people in just 10 years? Possibly, if insurance is available. Consider taking a low-use personal automobile — which might sit idle most...
Texas Company Develops Up-to-Date Property Data for Insurers
Mar 5 2012 // In many ways, insurance is a battle for information. From marketing to underwriting to claims, the ability to know as much as possible about a potential insured, especially for property risks, is vital. With that in mind,...
Going Global
Mar 5 2012 // According to Deloitte’s “2012 Global Insurance Outlook,” emerging property/casualty exposures are prompting coverages for cyber liability, green construction, nanotechnology, global political risk and...
Mississippi Trial to Begin in Frankel, Vatican Fraud Case
Mar 5 2012 // More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and...
Captives Bring Premium Dollars and Jobs to Missouri
Mar 5 2012 // The State Is Serious About Encouraging Captive Growth When it comes to the captive insurance industry, slow and steady growth is just fine with the state of Missouri. But it’s not like the state is reluctant to...
