Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Court: Insurer Off the Hook for $500K Settlement to Florida Spa Guest
Aug 7 2017 // A federal appeals court ruled that Evanston Insurance Co. doesn’t owe a $500,000 settlement that a Florida spa owner agreed to pay to a woman who suffered a stroke during a massage. The decision, issued in an...
Beacon Mutual’s New CEO Spero: ‘We’re Within an Hour of Every Policyholder’
Aug 4 2017 // The board of directors of Beacon Mutual Insurance Company, a Warwick, R.I.-based workers’ compensation carrier, has elected Brian Spero as president and CEO of the company, effective in July. Beacon’s board...
Captive Insurers Repeat Strong Financial Performance: A.M. Best
Aug 4 2017 // U.S. captive insurance companies rated by A.M. Best ended 2016 in strong form, with a 16 percent year-over-year increase on pretax operating income to $1.6 billion, which included more than $803 million in underwriting...
AIG Joins Other Insurers in Moving Away from Financial Forecasts
Aug 4 2017 // Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned by goals that proved...
Senators Weigh Bipartisan Effort to Save Health Insurer Subsidies
Aug 4 2017 // A bipartisan Senate effort to continue federal payments to insurers and avert a costly rattling of health insurance markets faces a dicey future. The uncertainty shows that last week’s wreck of the Republican drive...
MJ Insurance, Butler University Launch Student-Run Insurance Company
Aug 4 2017 // MJ Insurance announced it has launched MJ Student-Run Insurance Company Ltd. at Butler University in Indianapolis. Butler’s Lacy School of Business originated the insurance company to provide students with real-world...
Report Calls out $361M of Euro Insurer Assets in Expanding Coal Concerns
Aug 3 2017 // A climate activist group is calling out a handful of European insurers for having significant holdings in fossil fuels despite pledges by the companies to be more climate friendly. A report released today alleges that...
Washington School District’s Insurer to Pay $18M in Shooting Settlement
Aug 2 2017 // The families of five Washington state high school students shot in a high school cafeteria in 2014 have settled a lawsuit against the school district’s insurance company for $18 million. Attorney Lincoln Beauregard,...
Insurer Threatens to Sue if Pennsylvania Tries to Take $200M
Aug 2 2017 // An organization created by state law to offer medical malpractice insurance is threatening to sue if Pennsylvania state government tries to take $200 million from it. The nonprofit Pennsylvania Professional Liability Joint...
Delaware Governor Carney Signs Insurance Consumer Fairness Bill
Aug 2 2017 // On Tuesday, August 1, 2017, Delaware Governor John Carney signed into law House Substitute 1 for House Bill 80 (HS 1 for HB 80), a consumer fairness bill that targets unfair discriminatory practices by automobile and...
Compare.com Is Proof Insurance Disruption Won’t Happen Overnight: CEO Rose
Aug 2 2017 // Disrupting an industry that has been doing things the same way for a generation takes time. Take it from one major insurance disruptor – compare.com. The online insurance comparison marketplace launched in the U.S. in...
Maine’s MMG Insurance Company Hires Hochradel as VP of Commercial Lines
Aug 1 2017 // MMG Insurance Company, a Presque Isle, Maine-headquartered regional property and casualty insurance company, has hired Derek Hochradel as vice president of commercial lines, effective July 31, 2017. “Growth of...
More Counties Could Be Without an Obamacare Insurer in 2018
Aug 1 2017 // With Republican efforts to dismantle Obamacare in disarray, hundreds of U.S. counties are at risk of losing access to private health coverage in 2018 as insurers consider pulling out of those markets in the coming...
Health Insurers to Fill Gaps in Ohio’s Individual Coverage Market
Jul 31 2017 // Five health insurance companies in Ohio, including Molina Healthcare Inc., have stepped up to sell health plans in 19 counties that would have been without Obamacare individual coverage in 2018, the state’s insurance...
Insurers Await Trump Decision on Health Insurance Cost Subsidies
Jul 30 2017 // Health and Human Services Secretary Tom Price said Sunday that “no decision’s been made” on whether to continue key Affordable Care Act subsidies to health-insurance companies, but that the...
Turkey’s Insurers Gear Up for Spate of Claims After 2nd Major Storm in 10 Days
Jul 28 2017 // The Borsa Istanbul Insurance Sector Index dropped as much as 2.5 percent on Friday after a brief but ferocious storm in Istanbul on Thursday showered the city with hail as large as golf balls, shattering windows, denting...
California Commissioner Counters AGs, other Commissioners over Climate Initiative
Jul 28 2017 // California Insurance Commissioner Dave Jones has fired off a letter to the 12 oil state attorneys general and one governor from states like Texas and Oklahoma over threats to sue him if he did not stop his Climate Risk...
Vullo Calls on Insurers, Congress for Action in Wake of Lake Ontario Flooding
Jul 28 2017 // As part of New York’s continuing response to flooding in the Lake Ontario region, the New York State Department of Financial Services (DFS) is reminding property and casualty insurers of their responsibility to work...
Wisconsin’s United Heartland Names 3 Top Territory Agencies
Jul 27 2017 // New Berlin, Wis.-based workers’ compensation insurance company, United Heartland, has announced its top territory insurance agencies for 2016. United Heartland’s three 2016 Agency of the Territory winners: TIS...
Insurer Ageas to Sell 50% Stake in Italian Bancassurer to BNP Paribas
Jul 27 2017 // Brussels-based insurer Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its stake in Cargeas Assicurazioni (CARGEAS), a non-life, Italian bancassurer, which provides health, homeowner, automobile...
