Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Main Street America Launches Commercial Lines Cyber Risk Coverage
Dec 4 2015 // The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country. The coverage, available through Main Street America’s...
Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists
Dec 2 2015 // Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies — a high-water mark for the divestment movement,...
N.H. to Examine Health Insurers’ Substance Abuse Treatment Coverage
Dec 1 2015 // New Hampshire’s Insurance Department is examining whether insurance companies are appropriately covering substance abuse services as required by law. The probe comes as New Hampshire seeks to expand treatment and...
Dutch Insurer NN Eyes Growth Through Acquisitions
Nov 30 2015 // NN Group NV, the Dutch insurer and asset manager spun out of ING Groep NV, is ready to expand and will consider acquisitions amid speculation that it could seek to acquire Delta Lloyd NV. Delta Lloyd’s shares...
Louisiana Citizens Property Insurance Shedding More Policies
Nov 30 2015 // Insurance Commissioner Jim Donelon reported that three insurance companies new to Louisiana are participating in the latest round of depopulation of Citizens Property Insurance Corp. Citizens is the state’s property...
2 South African Insurers Bet $375 Million on West & North Africa Expansion
Nov 25 2015 // South African insurers Sanlam Ltd. and Santam Ltd. agreed to buy a 30 percent stake in Saham Finances SA of Morocco for $375 million to gain access to insurance markets in West and North Africa. The stake will be purchased...
Mass. AG Healey: Insurer Improperly Charged Thousands of Homeowners
Nov 24 2015 // The largest force-placed insurance company in Massachusetts has agreed to provide refunds to homeowners to settle allegations that it improperly charged for force-placed insurance policies, Massachusetts Attorney General...
A.M. Best: Outlook Improved for 2 Kansas Mutual Insurers
Nov 24 2015 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Bremen Farmers Mutual Insurance Co. (Bremen) in...
Health Insurers in Arkansas Owed More than $7.1M in Rebates for 2014
Nov 23 2015 // Arkansas consumers and businesses are owed more than $7.1 million from health insurers because those companies collected too much in premiums last year than what they spent on medical care, according to federal...
Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case
Nov 23 2015 // A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in...
U.S. to Pursue Covered Agreement with EU for Re/Insurers
Nov 22 2015 // The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based...
Avera Health Buying Health Insurer, DAKOTACARE
Nov 20 2015 // Regional health system Avera Health is buying the DAKOTACARE health insurance company, creating what it says will be the second-largest health insurer in South Dakota. The two Sioux Falls-based companies announced their...
Arizona Lawmaker Wants Another Cut to Insurance Company Taxes
Nov 20 2015 // One of the top Republican leaders in the Arizona House wants to accelerate cuts to insurance company taxes that were included in a bill he sponsored. Majority Whip David Livingston of Peoria has filed a bill for the...
Large British Insurers Get Major Exemption from Proposed EU Audit Rules
Nov 20 2015 // Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union rules will...
How Long Will Health Insurers Remain Patient with Obamacare?
Nov 20 2015 // The fate of Barack Obama’s signature health- care law may depend on how long Anthem Inc. and Aetna Inc. are willing to wait before starting to make money off it. The two insurers are on the hot seat now that...
XL Buys Stake in High-Net Worth Insurer PURE
Nov 20 2015 // XL Group Plc, the Dublin-based insurer run by Chief Executive Officer Mike McGavick, acquired a stake in Privilege Underwriters Reciprocal Exchange, which takes on risks for wealthy clients and received funding from KKR...
Maryland Issues Bulletin on Commercial Policy Cancellation Notices
Nov 19 2015 // Property/casualty insurers writing commercial policies in Maryland are no longer required to file for approval the cancellation or nonrewal notices they send out to insureds, the Maryland Insurance Administration announced...
Iowa Hospital, Minnesota Insurer Form Insurance Company
Nov 19 2015 // Des Moines, Iowa-based hospital and medical clinic company UnityPoint Health is getting into the health insurance business. The company said it has partnered with Bloomington, Minn., health care provider and insurer...
GEICO 1st Auto Insurer in N.Y. to Offer Digital ID Cards for Policyholders
Nov 18 2015 // New York Gov. Andrew M. Cuomo announced that GEICO has become the first insurer in New York State to complete the certification process through the Department of Motor Vehicles to allow customers to begin using electronic...
Telematics Changing Drivers’ Behavior: Insurance Research
Nov 18 2015 // Telematics devices offered by auto insurers appear to working to change the behavior of drivers. More than half (56 percent) of the 1,135 drivers participating in an Insurance Research Council (IRC) public opinion survey...
