Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
New Jersey’s Selective Insurance Company Makes Several Officer Appointments
Mar 16 2018 // Selective Insurance Company of America, a Branchville, N.J.-headquartered subsidiary of Selective Insurance Group Inc., has announced several officer appointments. Charles Musilli has been appointed to executive vice...
Luxembourg Aims to Attract More Insurers Seeking Post-Brexit Headquarters
Mar 16 2018 // Luxembourg is seeking to persuade at least two additional global insurers to make their post-Brexit home there after attracting American International Group Inc. and Sompo International Holdings Ltd., the head of its...
Study Links Severe Winter Weather in Northeastern U.S. to Arctic Temps
Mar 15 2018 // The frequency of extreme winter weather in the U.S. is sensitive to Arctic temperatures, and that’s something those paying weather-related losses may want to take note of. After all, you can’t spell polar...
Starr Companies Named Commercial Insurance Company of the New York Yankees
Mar 15 2018 // Starr Companies, a global insurance and investment organization, has entered into a multi-year sponsorship agreement with the New York Yankees of Major League Baseball. This sponsorship names Starr Companies as the...
Argo Group Acquires Italian Specialty Insurer Ariscom
Mar 14 2018 // Argo Group International Holdings is the proud new owner of Italian specialty insurer Ariscom, giving it an efficient way to expand through Europe. Neither side disclosed financial details. Argo Group CEO Mark E. Watson...
Uber, Lyft and New York Loss Transfer
Mar 13 2018 // Ridesharing has officially arrived in New York, and confusion over New York no-fault insurance and PIP Loss Transfer has arrived with it. On June 29, 2017, the New York State Assembly approved and Governor Andrew Cuomo...
What Cyber Insurance Industry Learned from 2017 Hacks
Mar 13 2018 // The NotPetya, WannaCry and Equifax hacks of last year were evidence that the U.S. insurance industry has been ill-prepared to handle a large cyber attack and needs to up its game. However, as a consequence of the attacks...
Insurer for Oregon City to Pay $800K to Family of Man Killed By Police
Mar 12 2018 // The insurance company for the central Oregon city of Bend will pay $800,000 in a settlement agreement with the family of a man shot and killed by a Bend police officer. The Bulletin reports that the city in the agreement...
How Insurer and Benefit Manager Mergers Squeeze Out Smaller Pharmacies
Mar 12 2018 // Over 20 years, Brian Komoto built a thriving pharmacy in California’s Central Valley. Each day, his nurses would travel the vast agricultural region’s roads to help hepatitis C patients take a grueling regimen...
Montana Judge Rules Against in Insurer in $43M Asbestos Settlement
Mar 9 2018 // A Montana judge says a Nebraska-based insurance company is liable for a $43 million settlement between the state and people sickened by exposure to asbestos from a Libby vermiculite mine. National Indemnity Co. paid $16...
Cigna’s Proposed Acquisition of Express Scripts Faces Antitrust Review
Mar 9 2018 // Cigna Corp.’s proposed deal for Express Scripts Holding Co. faces a drawn-out merger review as the Trump administration’s antitrust enforcers weigh the competitive effects of a wave of consolidation sweeping...
Lara, Poizner and Others Vying to be California Insurance Commissioner
Mar 8 2018 // The race is on for the California insurance commissioner posts as we are nearly three months from the primary, but you wouldn’t know it by speaking to people in the insurance industry. Most insurance groups and...
Cigna to Buy Pharmacy Benefits Manager Express Scripts for $52 Billion
Mar 8 2018 // U.S. health insurer Cigna Corp. struck a $52-billion deal to buy pharmacy benefits manager (PBM) Express Scripts Holding Co on Thursday, looking for new ways to hold onto their profits as the industry faces greater...
California Commissioner Orders Insurer to Halt Operations over Insolvency Risk
Mar 7 2018 // California Insurance Commissioner Dave Jones has issued a cease and desist order against Access Insurance Co., which requires it to immediately stop transacting, soliciting, negotiating, or administering and writing any...
Insurers May Be on Hook for Dole Buyout Lawsuit Settlements
Mar 7 2018 // A Delaware judge says insurers may be on the hook for $190 million to settle two lawsuits stemming from a 2013 buyout in which Dole Food chairman and CEO David Murdock took the company private. In a ruling late last week,...
Tax Law Will Benefit U.S. P/C Insurers, Says Moody’s
Mar 7 2018 // The impact of the new U.S. tax law is credit positive for U.S.-based insurance companies, which will boost profitability for many of these firms, particularly those that have been paying high effective tax rates. The Trump...
UK’s Prime Minister Defends Decision to Reject EU ‘Passporting’ for Insurers, Banks
Mar 5 2018 // Prime Minister Theresa May defended her decision to rule out so-called “passporting” rights for banks after Brexit, saying Britain could not become a “rule taker” when it came to financial...
U.S. Supreme Rules Against Insurer’s Appeal Challenging Profits in Rate Setting
Mar 5 2018 // The U.S. Supreme Court in late February declined to hear Mercury Insurance Co.’s appeal to overturn a February 2017 California Court of Appeal ruling that held Insurance Commissioner Dave Jones’ 2013 order...
5 Strategies for Success in Small Business Market
Mar 5 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...
How 2017’s Disasters Will Help People Start Viewing Mitigation as an Investment
Mar 5 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to industry...
