Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Insurance Rates Still High Despite Several Storm-Free Seasons
Jun 1 2015 // Living in a (semi)-tropical paradise has a price – and apparently, not even going nine years without a major hurricane strike will change that. While Florida’s property insurance market has stabilized somewhat...
Top 10 Challenges Directors & Officers Face in 2015
Jun 1 2015 // Whether addressing a complex securities claim, a parallel government investigation or a lawsuit related to a cyberattack or merger, directors and officers continue to face complex challenges in today’s environment....
Court Rejects Claim That Insurer Was to Blame for Crash Costs
Jun 1 2015 // A lower court was right to dismiss a man’s claim that his auto insurance company should pay his costs in a wrongful death case for a crash he caused because the insurer didn’t push him to have more coverage,...
Brokers, Insurers Ready to Tackle Small Business Market
Jun 1 2015 // There is a shift happening in the small business segment and the insurance industry is aware and ready for it. The small businesses that survived the recession are different now, say underwriters. They have had to invest...
Florida Will Not Appeal Decision Favoring Deloitte in Poe Financial Collapse
Jun 1 2015 // The Florida Department of Financial Services (DFS) will not appeal the recent jury decision that found Deloitte & Touche not liable in the insolvency of Tampa-based Poe Financial Group following the unprecedented...
When Dogs Bite, Home Insurers Pay Average $32,000
Jun 1 2015 // Max, Bella and their canine comrades cause more than one-third of all home insurance claims, adding $530 million a year to insurance costs. And while the number of claims is down, the cost of the average claim from dog...
Craigslist a Vehicle for Car Sales Scam, Insurers Say
Jun 1 2015 // An insurance industry-backed crime watch group is warning about an organized auto sales scam involving the popular online marketplace, Craigslist. Working with law enforcement agencies in the Chicago area and across the...
European Central Bank Warns of Risks to Insurers of Low Interest Rates
May 29 2015 // The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone’s...
Hail Claim Litigation Bill Dies in Texas House
May 28 2015 // With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in the House of...
Insurer Will Pay $300K in Michigan ‘Scared-to-Death’ Case
May 28 2015 // An insurance company has agreed to pay $300,000 to settle a lawsuit over the death of an 85-year-old man, ending an unusual dispute over whether the driver may have been literally scared to death before his car slammed...
Low Interest Rates ‘Harmful’ to Insurers & Pension Funds: BlackRock CEO
May 28 2015 // Lowering interest rates around the world to boost the global economy has reached a point where it is now “quite harmful” to clients, including pension funds and insurers, BlackRock Inc. Chairman and Chief...
Texas All Risk General Agency, Inc.’s Technology Brings Growth in Houston
May 28 2015 // Dallas, TX, May 28, 2015 – Following 3 years of exceptional results in personal lines, Texas All Risk General Agency, Inc. is again expanding it’s homeowners/dwelling fire aggregate in the Greater Houston...
First Major California Insurer to Offer Ridesharing Endorsement
May 27 2015 // Farmers will become the first large California insurer to start offering a ridesharing insurance product on Thursday. In an announcement made at the Los Angeles office of California Department of Insurance today,...
Connecticut Insurance Department Licenses New Captive Insurer
May 27 2015 // Connecticut Insurance Commissioner Katharine L. Wade announced that a corporation specializing in consultation and financial management for reinsurance companies is expanding its footprint in Connecticut. The Connecticut...
Some European Insurers, Pension Funds Build Loan Books to Rival Banks
May 27 2015 // Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel...
Insurers Get Ready to Comply With New Mississippi Property Insurance Clarity Act
May 27 2015 // Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the...
For P/C Insurers, 2014 Was Better Than Average Year
May 26 2015 // Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as...
ING to Sell $1.3 Billion of Shares in Insurer NN Group to Institutional Investors
May 26 2015 // ING Groep NV is selling a 1.2 billion-euro ($1.3 billion) stake in insurer NN Group NV as it seeks to exit the company by the end of next year. ING is selling 45 million shares of NN to institutional investors, decreasing...
FEMA Reconsidering Private Insurers’ Role in Flood Insurance
May 26 2015 // Federal officials have agreed to consider a proposal calling for an end to the federal flood insurance model that allows private insurance carriers to write and service policies. Senator Charles E. Schumer, D-N.Y., citing...
UK’s Regulator Criticizes Insurers for Failures in Handling Claims for SMEs
May 22 2015 // The UK’s Financial Conduct Authority criticized the insurance industry for “poor practices” and “significant” failures in handling claims for small and medium-sized enterprises (SMEs). The...
