Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Missouri Passes Measure to Limit Insurance Company Payouts
Apr 4 2018 // A bill on Missouri Gov. Eric Greitens’ desk would limit how much money insurance companies would have to pay after vehicle accidents. The proposal affects cases where multiple people are owed money from an insurance...
Alaska Law on Credit-Based Scoring Backed by Insurers Group
Apr 4 2018 // A new credit-based scoring law brings Alaska into line with the rest of the nation, and the Property Casualty Insurers Association of America is applauding the state for that. Alaska Gov. Bill Walker and the Alaska...
Deductibles: Pest or Partner?
Apr 4 2018 // Stop me when you’ve heard this story before. A customer calls to report a claim. It’s a small business and they have a few delivery trucks running around their city. One of them was backing out of a...
Georgia-Based Auto Insurer Access Insurance To Be Liquidated
Apr 4 2018 // Insurance regulators in the Southeast are notifying policyholders in their states of a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that is to be liquidated after being placed in...
Demotech Affirms ‘A’ Ratings of Florida Insurers
Apr 4 2018 // Demotech will not downgrade any of the 16 Florida homeowners insurers that it said earlier this year could face financial stability ratings (FSRs) adjustments because of hurricane losses and assignment of benefits...
Michigan Priest Accused of $5M Embezzlement Sued by Diocese Insurer
Apr 3 2018 // A Michigan priest accused of embezzling more than $5 million now faces a civil lawsuit filed by the insurance company for the Catholic Diocese of Lansing. Rev. Jonathan Wehrle is charged with six counts of embezzling...
Phishing Could Affect 6,800 Members of Maryland Insurer
Apr 3 2018 // Maryland’s largest health insurer says a phishing attack may have exposed the personal information of nearly 7,000 members. News outlets report CareFirst BlueCross BlueShield said Friday that an employee’s...
Workers’ Compensation Insurer Stonetrust Enters Missouri, Tennessee
Apr 3 2018 // Workers’ compensation insurer Stonetrust Commercial Insurance Co. has begun writing business in Missouri and Tennessee. Stonetrust, which is headquartered in Baton Rouge, Louisiana, is also writing in Louisiana,...
Liquidation Order Issued for Auto Insurer with More Than 42K Policies in Pennsylvania
Apr 2 2018 // A Texas court has issued an order of liquidation for Access Insurance Company, an auto insurer that has 42,785 policies in Pennsylvania. This means Pennsylvanians that currently have auto insurance through Access Insurance...
Retiring Commissioner Sevigny Talks State Regulation, Being a Good Leader
Apr 2 2018 // New Hampshire Insurance Commissioner Roger Sevigny is planning to retire this summer after 16 years with the New Hampshire Insurance Department. His current term ends on June 11. Prior to his 16 years working as a...
Montrose and Horizontal or Vertical Exhaustion: Is the Long-Tail (Claim) Wagging the Dog?
Apr 2 2018 // The California Supreme Court will again intervene in the protracted saga of insurance litigation stemming from the bodily injury, property damage, and Comprehensive Environmental Response, Compensation, and Liability Act...
Georgia-Based Auto Insurer Access Insurance To Be Liquidated
Apr 2 2018 // Insurance regulators in the Southeast are notifying policyholders in their states of a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that is to be liquidated after being placed in...
‘Impaired’ Non-Standard Auto Insurer, Access, to Be Liquidated
Apr 2 2018 // Texas insurance regulators placed into receivership and started the process of liquidating a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that the insurance department says is...
Today’s Hot Markets: Buyers Hungry For EPLI, Cyber and More
Apr 2 2018 // Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and insurance markets that could offer opportunities for agents and brokers in...
P/C Insurers Record $23.5B in Underwriting Loss in 2017
Apr 2 2018 // The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The...
Walmart Talking with Health Insurer Humana on Closer Ties, Possible Acquisition
Mar 30 2018 // U.S. retailer Walmart Inc. is in early-stage talks with health insurer Humana Inc. about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the matter said on...
New Jersey Doctor Sentenced for Cheating Medicare, Insurers Out of $3M
Mar 29 2018 // A New Jersey doctor who defrauded Medicare and private insurers out of $3 million has been sentenced to three years in prison. Anthony Enrico, a podiatrist with offices in Paterson, Passaic, and Elizabeth, had pleaded...
New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs
Mar 29 2018 // The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there...
Specialty Insurer Fortegra Financial Corp. Launches EU Subsidiary in Malta
Mar 29 2018 // Fortegra Financial Corp., a Jacksonville-based international specialty insurer and subsidiary of Tiptree Financial, announced the creation of a wholly owned European subsidiary in Malta. The unit, called Fortegra Europe...
UK Regulators Seek to Reassure Insurers, Banks About Brexit Transition Period
Mar 29 2018 // U.K. financial regulators sought to reassure banks and insurers that they can rely on a transition period to ease their adjustment to Brexit, putting pressure on the European Union to do the same. The statements on...
