Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AmTrust Seeks to Boost Lloyd’s Presence with Purchase of Specialty Insurer ANV
Apr 20 2016 // AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd’s affiliates for $218.7 million in cash. The seller is the Ontario Teachers’ Pension Plan. As...
UnitedHealth to Drop Individual Obamacare Plans in Multiple States
Apr 20 2016 // UnitedHealth Group Inc. will drop out of government-organized health insurance markets in at least 16 states as the U.S. industry leader tries to stem losses from participating in Obamacare, the healthcare overhaul that...
New York AG Sues Health Insurer Over Hepatitis C Treatment
Apr 19 2016 // New York’s attorney general has filed a lawsuit against an Albany-area health insurer that he says broke the law by denying coverage for expensive hepatitis C treatments until patients showed advanced symptoms of the...
Oklahoma to Hold Hearing on Earthquake Insurance Rate Increases
Apr 19 2016 // Concerned about a competitiveness in the state’s earthquake insurance market, Oklahoma Insurance Commissioner John D. Doak has ordered a public hearing to investigate rising rates. The May 24 hearing will include...
Pacific Specialty Insurance Company Recognized by Celent as a Model Insurer for Operational Excellence
Apr 18 2016 // Palo Alto, CA, April 18, 2016- Pacific Specialty Insurance Company has been recognized by Celent as a Model Insurer for operational excellence in their work to transform their legacy systems and infrastructure. Celent is a...
P/C Direct Premium Written Up 2.5 Percent in 2015
Apr 18 2016 // Direct premium written (DPW) for property/casualty (P/C) insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported. For 2015, total DPW for all P/C insurers...
P/C Price Declines Slow for Buyers: Willis Towers Watson
Apr 18 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Sports Business Gets Personal
Apr 18 2016 // Industry Growth Led by Smaller Studios, Individual Trainers The health and fitness industry has exploded in recent years, a trend that experts expect will continue. Gym memberships jumped 18.6 percent in the United States...
Survey: Revenue Up, Independent Agents Seeking New Carriers
Apr 18 2016 // Independent insurance agents continue to grow and want to grow more with the help of new carrier appointments. This is one of the initial findings of a new national survey of agents conducted by Channel Harvest Research...
Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage
Apr 18 2016 // A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property...
Study: Economic Impact of North Carolina Captives Increased by $12.8M in 2015
Apr 18 2016 // The economic impact of North Carolina’s captive insurance company program increased significantly in its second full year of operation, according to a study conducted by the North Carolina Department of...
Hot Topic: Insurer’s Intent to Recoup Defense Costs and Reservation of Rights Letters
Apr 18 2016 // Whether an insurer can recoup defense costs from its own insured at the conclusion of a successful declaratory judgment action on coverage is a hot topic. Some courts have held that, where there is no coverage, an insurer...
ING Completes Exit From Former Insurer Unit, NN Group, with $1.6B Stock Sale
Apr 15 2016 // ING Groep NV sold its remaining stake in NN Group NV at a loss as the Dutch bank completed its drawn-out exit from the insurance business. The bank sold 45.7 million shares, representing a 14.1 percent stake, for about 1.4...
Independent Agents Seek New, Strong Performing Carriers: Survey
Apr 14 2016 // Independent insurance agents are seeing revenue growth and would like to grow more, but they’ll need help from carriers. Agents indicate a strong desire to add new carriers, but only if those carriers can demonstrate...
RIMS 2016: What’s the Biggest Risk for Cyber Insurers?
Apr 14 2016 // Powered by InsuranceJournal.tv Nobody really knows what the biggest cyber risk is. But Scott Stransky, senior scientist at risk modeling firm AIR Worldwide, has thought a lot about a cloud breach and the business...
Stocks of P/C Insurers Ended Last Year on Upswing: A.M. Best
Apr 13 2016 // Stocks prices of U.S. property/casualty insurance companies rebounded in fourth-quarter 2015 after a tumultuous third quarter. For 42 U.S. publicly traded P/C stocks analyzed by A.M. Best, the average return for the fourth...
Greek Shipowner Arrested for Fraud After Insurers Question Alleged Pirate Attack
Apr 13 2016 // A Greek shipowner was arrested by London police as he left court after testifying in a $77 million lawsuit against the insurers of a ship that was allegedly damaged by pirates off the coast of Yemen. Police officers told...
Carmakers Want Insurers to Help Boost Compliance with Recalls
Apr 13 2016 // Major carmakers want U.S. auto insurance companies to help persuade millions of American car owners to get recalled vehicles fixed. The new push comes as a U.S. House panel will hold a hearing Thursday on efforts by the...
Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch
Apr 12 2016 // The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report. London market insurers...
Catholic Church in Hartford Battles Insurer Over Priest Sex Abuse Claim Payments
Apr 11 2016 // The Roman Catholic Archdiocese of Hartford has taken its dispute with an insurance company to trial, seeking reimbursement of more than $1 million in payments made to settle sexual misconduct cases involving priests and...
