Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California’s Align Financial, Excellere Form Non-standard Auto Insurer
Sep 28 2011 // San Diego, Calif.-based Align Financial Group LLC has partnered with private equity firm Excellere Partners, of Denver, to form Personable Holdings Inc., an independent, non-standard auto insurance provider. Personable...
Independent Agents Worried About Nationwide/Harleysville Deal
Sep 28 2011 // Northeastern independent agents with Harleysville appointments said they are leery about the reported Nationwide/Harleysville deal and have lots of questions. According to a report by Bloomberg last Friday, giant...
Best’s Special Report Sees Mounting Pressure on UK’s P&C Insurers
Sep 28 2011 // A new report from A.M. Best notes that “intense competition and the effect of the weak economic climate on investment returns and loss experience continue to put pressure on U.K. non-life insurers’ financial...
Washington Insurance Commissioner Fines Insurers $1M This Year for Violations
Sep 27 2011 // Insurance Commissioner Mike Kreidler has fined insurance companies nearly $1 million so far this year for violating Washington insurance laws, violations that include charging unapproved rates, improper advertising and...
Lloyd’s Calls for Redrawing Disaster Roles in U.S. for Government, Private Insurers
Sep 27 2011 // Government intervention in the insurance market is putting the financial burden of natural disasters on U.S. taxpayers, according to a report by Lloyd’s of London, the global specialist insurance market. The report,...
Michigan Auto Insurer Pursues ‘Unlawful Taking’ Defense
Sep 26 2011 // An insurance company has persuaded the Michigan Supreme Court to decide whether the insurer must pay the medical bills of a man who was drunk and had no license when he crashed his father’s car into a tree. Farm...
Ryan Specialty Completes Acquisition of Lloyd’s Insurer Jubilee
Sep 26 2011 // Ryan Specialty Group, LLC (RSG) announced that it has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings Limited, “which currently operates two active Syndicates at Lloyd’s, a...
Ryan Specialty Group Completes Acquisition of Specialist Lloyd’s Insurer
Sep 23 2011 // Ryan Specialty Group LLC (RSG), based in Chicago, has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings Limited (Jubilee), the company announced. Jubilee currently operates two active...
Citizens Goes Along with Florida Sinkhole Rate Decision
Sep 23 2011 // Florida officials and the state’s-backed property insurer were working to find common ground in the aftermath of the political firestorm over the insurer’s proposed large hike sinkhole coverage rates, with the...
How Federal Reserve’s Move Hurts Life Insurers
Sep 22 2011 // The Federal Reserve’s latest move to stimulate credit for consumers and businesses, known as Operation Twist, is likely to threaten the earnings of some of the country’s largest insurers for years to come. Wall...
In Wake of Reno Tragedy, Insurers Draw Distinctions Between Air Races and Airshows
Sep 21 2011 // With an 11th fatality declared as a result of the crash at the National Championship Air Races in Reno, Nev. on Friday, one of the world’s largest airshow insurers is anxious to draw a distinction between airshows...
Insurer Group NAMIC Names Illinois Rep. Biggert ‘Legislator of Year’
Sep 21 2011 // The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis. ‘Rep. Biggert is a...
Insurer Group NAMIC Honors Hartwig
Sep 21 2011 // The National Association of Mutual Insurance Companies (NAMIC) named Robert P. Hartwig, Ph.D., president/CEO of the Insurance Information Institute, New York, N.Y., as the association’s 2011 Chairman’s Award...
Ohio Mutual’s Kennedy Sworn In As Chairman of Insurer Group NAMIC
Sep 21 2011 // The National Association of Mutual Insurance Companies swore in its newest chairman of the board of directors today. James J. Kennedy began his year as chairman at the end of the annual business meeting of members during...
Insurer Says Exclusion Bars Payment in Nebraska Pastor’s Death
Sep 21 2011 // An insurance company specializing in policies for churches is asking a federal court to absolve it from paying a claim by the widow of a central Nebraska pastor who died of carbon monoxide poisoning in a house owned by the...
Best Upgrades Philadelphia Insurance Co. and Members Ratings
Sep 21 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to ‘aa+’ from ‘aa’ of Philadelphia...
Marine Insurers Backing Armed Guards as Piracy Threat Grows
Sep 20 2011 // More ship insurers are backing the use of private armed guards on merchant vessels at sea to combat Somali piracy as attacks and the resulting costs are set to rise in coming weeks, industry officials said on...
Former Controller for Texas Insurer Sentenced for Wire Fraud Scheme
Sep 20 2011 // The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of conspiracy to commit wire fraud involving almost $1 million in loss to...
Va. Supreme Court: Insurer Not Liable For Claims From Global Warming
Sep 19 2011 // The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability...
Top 5 Technology Priorities for P/C Insurers
Sep 19 2011 // Property/casualty insurance companies plan to invest in technology for underwriting, policy administration, consumer portals, predictive analytics/business intelligence and mobility/virtualization. Those are the top five...
