Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market
Jan 11 2016 // We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood Insurance...
New Jersey Announces Approval of New Captive Insurer
Jan 7 2016 // The New Jersey Department of Banking and Insurance has approved a captive insurer formed by the Deborah Heart and Lung Center of Browns Mills, New Jersey. The Department’s Acting Commissioner Richard J. Badolato...
AIG CEO Hancock Plans Public Webcast on His Vision, ‘Proactive Plan’ for Insurer
Jan 7 2016 // American International Group Inc., the insurer that has rebuffed activist investor Carl Icahn’s push to divide into three companies, set a Jan. 26 presentation to outline Chief Executive Officer Peter Hancock’s...
Mass. Health Insurers Partner With Police to Help Heroin Addicts
Jan 6 2016 // Health insurers in Massachusetts are pitching in to help the Gloucester Police Department with their well-known program to get heroin addicts into treatment. Under a pilot program launched Monday, members of the...
Insurers & Banks Could Pull Jobs from U.K. in Event of ‘Brexit’: JPMorgan
Jan 6 2016 // JPMorgan Chase & Co. warned financial-services firms from banks to insurers could pull jobs out of the U.K. in the event of Britain voting to leave the European Union. Financial services would feel the “negative...
Chinese Insurers Form Fund to Finance Overseas Energy, Infrastructure Projects
Jan 5 2016 // More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas,...
Flood Claims to Hit U.K. Insurers’ 2015 Earnings: A.M. Best
Jan 5 2016 // Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a briefing published by A.M. Best. Initial estimates of combined insured losses from Storm Desmond, which hit...
New York Insurance Association Elects 2016 Officers, Board of Directors
Jan 4 2016 // The New York Insurance Association (NYIA) announced that Steven J. Coffey, president and chief executive officer of Broome Co-operative Insurance Company (BCIC), has been elected to serve as the association’s chair...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
World’s Top 10 Insurers Ranked by Premium, Assets
Jan 4 2016 // The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. France’s AXA S.A. kept its...
Hospital Says KanCare Insurers Denying Legitimate Claims
Jan 3 2016 // Lawrence Memorial Hospital officials say the three insurance companies managing Kansas’ Medicaid system routinely turn down legitimate claims to hold down costs. The three contractors for the state’s privatized...
Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market
Dec 30 2015 // “We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood...
Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead
Dec 29 2015 // Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to...
Tennessee Adds 100th Captive Insurance Company
Dec 29 2015 // The Tennessee Department of Commerce & Insurance (TDCI) announced the licensing of Tennessee’s 100th captive insurance company on Dec. 22. In 2011, Gov. Bill Haslam signed the revised State of Tennessee’s...
ABI Confirms Insurers’ UK Flood Coverage Efforts; Losses May Top $1.6 Billion
Dec 28 2015 // Mark Shepherd, General Insurance Policy Manager at the Association of British Insurers (ABI), said: “Insurers will be doing everything possible to help customers hit by the latest floods. “They will be...
Telemedicine Gaining Acceptance Among Patients, Insurers
Dec 27 2015 // Telemedicine services, which allow doctors to treat patients via video, are gaining acceptance among consumers and insurance companies as it becomes clearer when a virtual visit is appropriate, industry executives...
Zurich North America Forms Captive Insurance Company in Vermont
Dec 23 2015 // Zurich North America has selected Vermont as the domicile for a new sponsored cell captive company, according to the Vermont Department of Financial Regulation. The captive, Hoplite Reinsurance Company of Vermont, is...
Polish Insurer PZU Shares Rise after Tax Proposal Watered Down
Dec 23 2015 // Shares in Polish insurer PZU SA jumped most in three months as lawmakers watered down the size of a planned tax on Polish insurance companies. Shares of the country’s largest insurer rose as much as 3.4 percent, the...
Europe’s Banks Increased Infrastructure Investments Erodes Insurers’ Returns
Dec 22 2015 // The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European politicians have...
S&P Revises Outlook on Global Multiline Insurer XLIT to Positive; Affirms Ratings
Dec 22 2015 // Standard & Poor’s Ratings Services has revised its outlook on the global multiline insurer XLIT Ltd. and its operating companies (collectively XL) to positive from stable. S&P has also affirmed its...
