Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Major Insurers to Strike Deal to Support Compromise TNC Language
Mar 24 2015 // For much of the past year, we at R Street have been active in trying to promote reasonable, effective compromise on ride-sharing regulations. The goal all along has been to arrive at a model that allows transportation...
Texas Windstorm Insurer: Private Carrier Interested in 60K Policies
Mar 24 2015 // The Texas Windstorm Insurance Association (TWIA) announced that a carrier participating in its depopulation program has signaled an interest in around 60,000 policies that currently are on TWIA’s books. TWIA is the...
Two California Insurers Agree to Change Use of Death Master File
Mar 24 2015 // California Insurance Commissioner Dave Jones announced multi-million dollar settlement agreements with Guardian Life and Pacific Life related to their use of the Social Security Administration’s Death Master File...
UK Regulator to Review Insurers’ Use of Big Data and Dark Pool Risks
Mar 24 2015 // Conflicts of interest in dark pools and how insurers use big data are two of the main areas the U.K. Financial Conduct Authority will look into over the next year, the regulator said in its annual business plan. The FCA...
UK Report Highlights Role of Insurance in Managing, Mitigating Cyber Risk
Mar 24 2015 // Last year 81 percent of large UK businesses and 60 percent of small companies suffered a cyber security breach. In response to this increasing threat, a report published by the UK government and Marsh, one of the...
Iowa High Court: Insurer not on Hook for Leak at Shopping Center
Mar 23 2015 // The Iowa Supreme Court has ruled that an insurance company is not on the hook for a 2010 leak at Waterloo shopping center that damaged a store. In a split decision on March 20, the high court sided with State Farm...
Vertafore Gathers Leading Agencies and Carriers For The Insurance Industry’s Leading Technology Conference, NetVU 2015
Mar 23 2015 // Over 3,000 Insurance Professionals Meet in Indianapolis To See Vertafore’s Latest Innovations Designed to Accelerate Growth For The Entire Insurance Ecosystem Bothell, WA, March 23, 2015 – Vertafore®, the leading...
Hot Markets for 2015
Mar 23 2015 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
E&O Insights: Do You Have Clients That Will Be Buying or Selling?
Mar 23 2015 // While most agents are aware that mergers and acquisitions are hot topics in the world of insurance agencies, insurance is not the only segment of our industry affected. In many communities, hospitals, accounting firms,...
Four Health Insurers Fined $280K in Maryland
Mar 23 2015 // Four health insurance companies paid a combined $280,000 in fines to the Maryland Insurance Administration (MIA) for selling unapproved health insurance plans to college students in Maryland, regulators announced on March...
Tennessee Weighs Workers’ Compensation ‘Option’ Legislation
Mar 23 2015 // Tennessee may soon have its own alternative workers’ compensation insurance through new legislation by Republican lawmakers known as the Tennessee Employee Injury Benefit Alternative. State Sen. Mark Green and Rep....
Jury Verdict Favors Texas Insurer in Hidalgo County Hail Claim Case
Mar 23 2015 // A Texas-based insurance company has prevailed in the first lawsuit to go to trial over claims from two massive hailstorms in Hidalgo County, Texas, in 2012. The 12-member jury in Amaro v. National Lloyds found that...
Roger Clemens’ Insurer AIG to Pay for Settlement Reached in Defamation Suit
Mar 20 2015 // A long-running defamation lawsuit against former Boston Red Sox and New York Yankees pitcher Roger Clemens by his ex-trainer has been settled for an undisclosed amount of money to be paid by his insurer, attorneys said...
New York DFS Opens Inquiry Into Price Optimization
Mar 20 2015 // The New York Department of Financial Services (DFS) on March 18 sent out letters to hundreds of property/casualty insurers operating in the state, seeking information concerning price optimization. New York joins a growing...
Ping An Profit Jumps 40% in 2014 on Strong Investment Returns
Mar 20 2015 // Ping An Insurance (Group) Co., China’s second-biggest insurer, rose to the highest in more than four years in Hong Kong stock trading on Thursday after it said profit jumped 40 percent last year. The shares advanced...
AAIS, ACORD Partner on Standards for Insurers
Mar 17 2015 // Two major organizations that supply standard forms, rating information and policies to the property/casualty insurance industry have agreed to work more closely together. The American Association of Insurance Services...
P/C Insurance M&As: Deal Value Up, More to Come
Mar 17 2015 // Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that the...
It’s Time for Insurance Reform in Louisiana
Mar 17 2015 // Louisiana is vulnerable to extreme weather and natural catastrophes in ways only a few other states experience. By all indications, that exposure will only grow worse, as a combination of sea rise, erosion and subsidence...
A.M. Best Report: Caribbean General Insurers Still Profitable Despite Challenges
Mar 17 2015 // The Caribbean general insurance market remains profitable, albeit challenging, for participants, according to an A.M. Best special report titled “Caribbean-based General Insurers: What Lies Ahead?” The report...
New Jersey Couple Sues Insurer Over Sales Tax Dispute
Mar 16 2015 // A New Jersey couple sued an insurance company on March 13, claiming it defrauded them out of the sales tax in their Superstorm Sandy claim, and their lawyer said others might also have been affected. Charles and Beverly...
