Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Europe’s Insurers Turn to Risky Property Investments, in Hunt for Better Returns
Mar 3 2016 // Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch...
Report: Florida Water Loss Claims up 46 Percent in 5-Year Period
Mar 2 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
House Committee Passes Private Flood Insurance Bill
Mar 2 2016 // The House Financial Services Committee this morning approved a proposal intended to encourage more private insurers to write flood insurance. The committee approved the Flood Insurance Market Parity and Modernization Act...
Hospitals Say Anthem-Cigna Merger Will Empower Blue Cross, Hurt Consumers
Mar 2 2016 // U.S. hospitals are stepping up their bid to stop Anthem Inc.’s takeover of rival health insurer Cigna Corp., saying the deal will increase the dominance of Blue Cross Blue Shield plans and potentially raise premiums...
Largest Delta Lloyd Shareholder, Highfields, Will Vote Against Rights Offer
Mar 2 2016 // Highfields Capital Management LP, the largest shareholder in Delta Lloyd NV, will vote against the Dutch insurer’s plan to raise 650 million euros ($706 million) in a rights offer it called...
Top 25 P/C Insurance Carriers, Groups by Line of Insurance: NAIC
Mar 1 2016 // The National Association of Insurance Commissioners (NAIC) has published market share data indicating the degree of market concentration in property/casualty insurance. The 2015 market share data for property/casualty...
Supreme Court Blocks States from Collecting Self-Insurers’ Health Cost Data
Mar 1 2016 // The U.S. Supreme Court on Tuesday ruled that Vermont cannot compel health insurers to hand over data on the amount paid on medical claims, backing Liberty Mutual Insurance Co.’s contention that federal law prohibited...
P/C Insurers’ Faith in Predictive Modeling Continues to Grow
Mar 1 2016 // Clarification: This article first ran a year ago, in February, 2015, on Carrier Management.com. It is not Willis Towers Watson’s most recent survey on insurers’ use of predictive modeling. For a report on...
More Than 40% of Insurers See Google as Potential Threat: Capgemini Report
Mar 1 2016 // More than 40 percent of insurers see Google as a potential threat because of its strong brand and ability to use customer data, a report released on Tuesday said. And young, mobile phone-friendly consumers may bypass...
The MOST Basic CGL Coverage Concept
Feb 29 2016 // Begin at the beginning – with the insuring agreement! Coverage can never be any broader. This is the most basic CGL coverage concept. Before applying the policy’s exclusions, exceptions or conditions to a loss,...
State Farm Reports Investments Overcame Underwriting Loss in 2015
Feb 28 2016 // State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to $6.2 billion from $4.2...
Keystone Insurers Group Adds 3 Missouri Agencies
Feb 26 2016 // Keystone Insurers Group announced it has added three new partners in Missouri: Scott Agency of Montgomery City, Harrison Agency of Columbia and Anderson & Green Insurance Agency of Sikeston. Harrison Agency was...
Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers
Feb 23 2016 // Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard...
Safety National Forms Safety Specialty Insurance Company
Feb 22 2016 // Safety National Casualty Corporation has acquired an excess and surplus company that will begin operations in March 2016 as Safety Specialty Insurance Company (SSIC). Safety Specialty will initially focus on complementing...
Michigan’s Inadvertent Tax Break for Car Insurers Targeted for Repeal
Feb 22 2016 // Gov. Rick Snyder and lawmakers inadvertently gave auto insurers a tax break worth $80 million a year. Now, they want to end it _ either to bail out Detroit’s state-managed school district or to address other...
Arizona House Passes Accelerated Insurance Company Tax Cut
Feb 22 2016 // The Republican-controlled Arizona House has passed a bill accelerating the phase-in of insurance company tax cuts they passed last year. House Bill 2002 is sponsored by House Republican Majority Whip David Livingston. He...
Oklahoma Ponders ‘California Model’ for Earthquake Insurance
Feb 22 2016 // Oklahoma lawmakers are in the early stages of considering legislation to create a state-level “earthquake reinsurance program” that its author claims will be modeled on the California Earthquake Authority. S.B....
Delaware Licensed 189 Captives in 2015
Feb 22 2016 // Delaware Insurance Commissioner Karen Weldin Stewart said 2015 marked another record year of captive insurance formations in Delaware. Stewart said Delaware last year licensed 74 pure captive insurers, three special...
Oklahoma Files Suit Against Directors, Officers of Failed Insurer, Red Rock
Feb 22 2016 // Oklahoma insurance regulators have filed suit against two New York financiers who took control of a failed Oklahoma insurance company, saying the pair and others infused it with allegedly worthless assets and used it as a...
P/C Direct Premium Written Up 4.2 Percent
Feb 22 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually, according to a Demotech analysis. At year-end 2014, more than $570 billion of DPW was reported, a record-high...
