Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
EU Court Rules Insurers Cannot Link Risks to Gender
Mar 1 2011 // Insurance companies cannot take gender into account when setting premiums and paying out benefits from annuities and retirement savings or accident cover, the European Union’s top court ruled on Tuesday. The ruling...
S&P Announces Rating Actions in Wake of Bahrain Unrest
Feb 28 2011 // Standard & Poor’s Ratings Services announced that it has affirmed its long-term counterparty credit and insurer financial strength ratings on Hannover ReTakaful B.S.C. (Hannover ReTakaful), Trust International...
South Dakota Senate Panel Rejects Subrogation Bill
Feb 27 2011 // A measure aimed at changing South Dakota’s insurance law to give some injured people a better chance of receiving full compensation for their losses has been rejected by a state Senate committee. However, one of the...
Demand for Agricultural Insurance Expected to Grow
Feb 25 2011 // The agricultural insurance market is facing rising demand along with pressures to adapt to changes in farming and to become more efficient in delivering products. Increasing world demand for food is driving up commodity...
Duke University, Insurer End Dispute Over Lacrosse Settlement
Feb 25 2011 // American International Group has resolved its lawsuit with Duke University over expenses and legal fees in a case that has its origins in a 2006 incident when a woman alleged that three Duke lacrosse players had sexually...
Architects, Engineers Liability Rates to Go Up: Report
Feb 25 2011 // Rates for architects and engineers professional liability insurance, which have been stable, are expected to go up this year, a new study reports. A number of leading insurance companies offering this coverage expect to...
Capitol Insurance Companies Promote Three
Feb 24 2011 // Middleton, Wis.-based Capitol Insurance Companies has announced three promotions. Kevin A. Klestinski has been named vice president of property and casualty underwriting, Richard F. Boettner has been promoted to director...
CAA Names Top Insurance Company Partners for 2010
Feb 24 2011 // Austin, Texas-based Combined Agents of America LLC (CAA) has named its 2010 Top Insurance Company Partners. This year, CAA expanded its annual “Top 4 Insurance Partner” awards to include the top four insurance...
Virginia Insurer Buys Amphitheater Naming Rights
Feb 24 2011 // The Virginia Beach, Va. amphitheater has a new name. Multiple media outlets reported the music venue has been renamed Farm Bureau Live at Virginia Beach. The concert venue’s naming rights were sold to Virginia Farm...
Florida Insurers, Businesses Take Aim at PIP Fraud
Feb 24 2011 // Insurance companies are taking to the Internet to combat auto insurance fraud in Florida. The Property Casualty Insurers Association of American has launched www.InsuranceFraudUncovered.com, a Web site designed to...
European Insurers Dogged by Fresh Capital Fears
Feb 24 2011 // A bumper equity issue from Aegon and a disappointing dividend from Allianz stirred fresh fears about European insurers’ capital strength on Thursday, weighing on their shares. The capital-boosting measures by Allianz...
Insurers Report 24% Rise in Suspicious Claims Since 2008
Feb 23 2011 // There has been a 24 percent rise in what insurance companies consider suspicious claims since 2008. In 2008, a total of 74,146 so-called questionable claims, or QCs, were referred to the National Insurance Crime Bureau...
Insurers May Face $3.5-$8 Billion New Zealand Quake Hit
Feb 23 2011 // The insurance industry faces damage claims of between $3.5 billion and $8 billion from Tuesday’s devastating earthquake around Christchurch, New Zealand, catastrophe modeling firm Air Worldwide said. “The quake...
Texas Windstorm Insurance Litigation Costs Too High, Lawmaker Says
Feb 22 2011 // The amount the Texas Windstorm Insurance Association (TWIA) has paid out in litigation costs as a result of lawsuits stemming from Hurricane Ike claims is far too high, says one Texas lawmaker who’s working on...
Aon Benfield Pushes for ‘Simplified Internal Model’ for Solvency II Approval
Feb 22 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, is calling for a “simplified Internal Model Approval Process (IMAP) for natural catastrophe risk that would encourage insurers...
New Jersey Added 27 Insurers in 2010
Feb 22 2011 // New Jersey saw an increase in the number of new insurance companies doing business in the state, and in carriers writing new lines, in 2010, according to state officials. The state insurance department said that last year...
Appeals Court: Tribe Can Sue Insurer in N.D. Reservation Fire Case
Feb 22 2011 // An appeals court has reversed a ruling that would have allowed family members of two people killed in a 2002 house fire on the Turtle Mountain Indian Reservation in North Dakota to sue an insurance company. A dissenting...
Demand for Agricultural Insurance Coverages Expected to Grow
Feb 21 2011 // Increasing world demand for food is driving up commodity prices for corn, soybeans, wheat and other food staples. At the same time, the U.S. farming economy is strong, the federal crop insurance program is being changed,...
Insurance Industry Challenged by Unexpected Weather
Feb 21 2011 // It’s a tough time to be in the $500 billion U.S. property insurance business. Storms are happening in places they never happened before, at intensities they have never reached before and at times of year when they...
Slow Down on Financial Stability Rules, Say Insurers
Feb 21 2011 // The insurance industry is asking the Obama Administration to slow down on rules for deciding whether insurers and other nonbank financial companies should be subject to extra scrutiny because they pose a systemic risk to...
