Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Trump Aims to Raise Insurer Participation in Obamacare with New Rules
Apr 17 2017 // The Trump administration finalized a set of rules that it says will help bolster insurer participation in Obamacare’s markets, even as the president presses for repeal of the law itself. The rules, published Thursday...
Cayman Islands Issues 39 Insurer Licenses in 2016
Apr 17 2017 // The Cayman Islands Insurance Industry saw a “buoyant” start to 2017, with eight new insurer licenses issued in the first quarter, which followed a strong year in 2016 when 39 insurer licenses were issued, said...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 17 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest rate decreases, according to a...
Duke Energy Sues 30 Insurers Over Coal Ash Cleanup Costs in Carolinas
Apr 17 2017 // The largest U.S. electric company sued 30 international and domestic insurance companies last month, saying they should cover part of the utility’s multibillion-dollar cleanup costs in the Carolinas for toxic...
Texas Stamping Office Notes Changes to Eligible Surplus Lines Insurers List
Apr 13 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified the following changes to the Texas surplus lines insurers list: Effective Jan. 30, 2017, Fireman’s Fund Insurance Company of Ohio redomesticated to...
Trump May Withhold Insurers’ Funds to Force Democrats to Negotiate Healthcare
Apr 13 2017 // U.S. President Donald Trump told The Wall Street Journal on Wednesday that he might consider withholding billions of dollars of Obamacare payments to health insurers to force Democrats back to the negotiating table on...
Zurich Buys Australia’s Largest Travel Insurer, Cover-More, for US$551M
Apr 13 2017 // Zurich Insurance Group has successfully acquired Cover-More Group Ltd., a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the U.S. This...
Insurers to Pay an Estimated $1.3B for Cyclone Debbie: Swiss Re
Apr 13 2017 // Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world’s second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices...
Political Risk a Growing Concern, Say Brokers, Insurers
Apr 13 2017 // Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more rapid pace than...
Nebraska Mortuary, Insurers File Suit Over Bad Cremation Unit
Apr 12 2017 // An Omaha, Neb., mortuary and its insurers have sued a Pennsylvania company, alleging that it didn’t properly rebuild a cremation machine blamed for a fire that injured four people. The Jan. 26, 2016, blaze heavily...
Pennsylvania’s Keystone Insurers Hires Craig from The Beacon Group
Apr 12 2017 // Keystone Insurers Group, a Northumberland, Penn.-headquartered property and casualty insurance partnership, has named Charles A. “Tripp” Craig III director of business development. Craig has 30 years of...
Beazley Joins EbixExchange Accounting Platform
Apr 11 2017 // Ebix Europe, the electronic messaging communications specialists for the global re/insurance market, announced that insurer Beazley is the latest carrier to join its EbixExchange accounting platform. Using ACORD standards,...
China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion
Apr 11 2017 // Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the...
Making a Federal Case Out of ‘Legal’ Marijuana Insurance Claims
Apr 11 2017 // Michael Johnston, the great, great grandson of the founder of one of the first Baptist churches in Texas, grew up being constantly warned about sin, including the evils of television and dancing. Thus it is a bit strange...
New York Sees Its Cyber Rules for Insurers as Model for Other States
Apr 10 2017 // A group of U.S. state insurance regulators should use New York’s sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber events, New...
Chairman of China’s Insurance Regulator Investigated for ‘Severe’ Violations
Apr 10 2017 // China’s anti-graft agency is probing the nation’s top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance...
ProPublica, Consumer Reports Hit Back, Cite ‘Errors’ in Industry Criticism of Their Auto Insurance Report
Apr 7 2017 // ProPublica and Consumer Reports have issued a response to the opinion column by Insurance Information Institute’s James Lynch criticizing their report, Minority Neighborhoods Pay Higher Car Insurance Premiums Than...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 7 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. That’s...
Trade Credit Insurers Paid UK Claims of $4.9M Each Week in 2016: ABI
Apr 7 2017 // Trade credit insurers paid claims to UK businesses in 2016, amounting to more than £4 million ($4.9 million) a week, or £210 million ($256.8 million), according to figures released by the Association of British Insurers...
S&P Raises Ratings for Belgian Aviation Insurer Aviabel After AXIS Acquisition
Apr 7 2017 // S&P Global Ratings has raised its long-term counterparty credit and financial strength ratings on Aviabel Cie. Belge d’Assurances Aviation to “A” from “A-“, following the completion of its...
