Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Concordia Disaster Could Cost Insurers $1 Billion
Jan 19 2012 // The capsizing of the Costa Concordia could not have come at a worse time for the cruise industry — right at the start of the peak booking season. Even if passengers aren’t scared away, the accident will cost...
Healthcare Individual Mandate Too Weak to Matter, Aetna CEO Says
Jan 19 2012 // Wall Street’s concern about the U.S. Supreme Court’s looming decision on President Obama’s healthcare overhaul is overblown because the provision at the heart of the law already has little teeth, the top...
Florida’s Citizens Eyes Risk Transfer While Lawmakers Plot Changes
Jan 18 2012 // Florida’s largest homeowners’ insurer has set the goal of moving at least $1 billion in risk back to the private capital markets while looking to lawmakers to make statutory changes that will assist the insurer...
Health Insurers in Arizona Face Federal Scrutiny
Jan 18 2012 // Health insurance companies in Arizona are facing scrutiny from Washington as federal authorities have taken over reviews of rate increases of 10 percent or more from the state. The Arizona Republic reported that federal...
Texas Windstorm Insurer Names New Controller and VP of Claims
Jan 18 2012 // The Texas Windstorm Insurance Association (TWIA) recently named Pete Gise as controller and David Williams as vice president of claims. As controller, Gise manages financial reporting, accounts receivable processing and...
Deloitte Advice for Insurers in 2012: Focus on New Products, Countries
Jan 18 2012 // Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new...
P/C CEOs Say Low Interest Rates Push Need for Stringent Underwriting
Jan 17 2012 // The low interest-rate environment and poor investment income are pushing the need for more stringent underwriting for carriers, according to a panel of experts at a recent industry forum. Property/casualty insurers get...
Carnival, Tourism Industry, Insurers Tally Cost of Cruise Ship Accident
Jan 17 2012 // The cruise ship industry faces an uphill task to restore confidence among customers spooked by images of the stricken Costa Concordia flipped on its side in Italian waters on Monday and could suffer a hit to sales in a key...
Accused Indiana Nose Doctor Sues Alabama Insurance Company
Jan 13 2012 // A former nose surgeon from northwestern Indiana accused of billing insurers and patients for procedures he didn’t perform is suing his malpractice insurance company, claiming it failed to properly defend him in...
2012 Off to Bad Weather Start for P/C Insurers
Jan 13 2012 // A tree lays in a yard after a possible tornado roared through Icard, N.C,. on Wednesday, Jan. 11, 2012.Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in...
Jones Announces Insurance Diversity Task Force for California
Jan 12 2012 // Insurance Commissioner Dave Jones on Thursday announced the formation of an Insurance Diversity Task Force to make recommendations about diversity in the insurance industry, including the diversity of corporate governing...
Agents Outline Real-Time Technology Priorities for Carriers
Jan 12 2012 // Insurance carriers’ use of real-time tools is becoming a differentiator when independent agents choose where to place business, according to a new survey. Independent agents and brokers place the highest priority on...
Vermont Added 41 New Captive Insurance Companies in 2011
Jan 11 2012 // Vermont added 41 new captive insurance companies last year, bringing the total number of licenses to 952, with 590 active captive insurance companies, according to data released by the Vermont Banking, Insurance,...
Medical Liability Insurer MMIC Forms Risk Retention Group
Jan 10 2012 // Minneapolis, Minn.-based medical liability insurer MMIC Group Inc. (MMIC) has formed a risk retention group — MMIC RRG Inc. — to meet the evolving medical liability needs of physician groups, clinics or hospitals based...
5 Strategies for P/C Insurers for 2012
Jan 10 2012 // The economic uncertainty that plagues buyers of insurance does not bode well for the property/casualty insurance industry, experts are warning. Ernst & Young, the global tax and business advisory firm, said it expects...
2012 Brings Operational Changes for Texas Windstorm Insurer
Jan 10 2012 // The New Year ushered in changes to the operation of Texas’s insurance company of last resort for wind and hail along the Texas coast. Many of the operational changes will affect insurance agents who handle Texas...
More Louisiana Property Owners Move to Private Insurers
Jan 9 2012 // Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana...
Texas Insurer Acquires Florida’s Physicians Insurance
Jan 9 2012 // The Texas Medical Liability Trust has acquired the Florida-based Physicians Insurance Co. The Deerfield Beach, Florida-based Physicians Insurance has been operating in the state since 2003. According to a 2011 Office of...
Flood Insurers Asked to Quickly Process Remaining Claims
Jan 9 2012 // U.S. Senator Bob Casey (D-Penn.) asked flood insurance companies to quickly process remaining claims from Irene and Lee. He says some 20 percent of the claims in Pennsylvania are still not processed. Federal flood...
Insurer for Sandusky Charity Argues
Jan 9 2012 // An insurance company for a charity founded by Jerry Sandusky argued in a federal complaint last month that it should not have to pay legal expenses or claims for the former Penn State assistant football coach now accused...
