Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Circle of Diversity Serving Nonprofits and Social Services
Feb 9 2015 // Nonprofit and social service organizations are as plentiful and diverse as the world itself. To better serve communities, nonprofits must bend, mold and adapt to rapidly changing conditions and so must the insurance...
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
Deloitte Insurance Report Keys in on Climate Change
Feb 9 2015 // The potential impact of climate change on the insurance industry was important enough for consulting giant Deloitte Touche Tohmatsu Ltd. to include the topic as a significant part of its recent 2015 Property and Casualty...
California Court Rejects Insurance Challenge to Prop. 103
Feb 9 2015 // The Sacramento Superior Court issued a decision in mid-January rejecting an insurance industry challenge to the California insurance commissioner’s regulations under Proposition 103. Among other things, Prop. 103...
North Carolina Home Insurers Press Appeal of Rate Hike Denial, While Insurers Press ‘Consent to Rate’ Agreements
Feb 9 2015 // Insurance companies aren’t giving up on their quest to raise premiums on North Carolina homeowners by an average of 25 percent, according to an industry spokesman. The group representing nearly 100 companies selling...
Mississippi Again Weighs Making Insurers Disclose Area Costs
Feb 9 2015 // A group of lawmakers and residents from the Mississippi Gulf Coast are again pushing a bill that would require insurance companies to disclose, by geographic area, how much they are charging to insure property. The idea,...
How Large Firm Risk Managers Rate Commercial Lines Carriers, Brokers
Feb 6 2015 // While commercial insurers have traditionally relied upon insurance brokers to manage customer relationships, large company risk managers are looking for both parties to work together to meet their needs, according to a new...
States Begin Investigating Insurer Anthem’s Data Breach
Feb 6 2015 // Several U.S. states are investigating a massive cyber attack on No. 2 U.S. health insurer Anthem Inc that a person familiar with the matter said is being examined for possible ties to China. Anthem disclosed the attack...
Health Insurer Anthem Hit with Cyber Attack
Feb 5 2015 // Hackers have stolen personal information relating to current and former customers and staff of no. 2 U.S. health insurer Anthem Inc., after breaching an IT system containing data on up to 80 million people, the company...
Canadian Insurer Intact Q4 Profit Nearly Doubles to US$164.8 Million
Feb 5 2015 // Intact Financial Corp, Canada’s largest property and casualty insurer, reported a near-doubling in quarterly profit, boosted by strong growth in underwriting income. The company’s net income rose to C$205...
Heading a National Ridesharing Outline a Political Gain for Jones?
Feb 4 2015 // A committee of regulators led by California Insurance Commissioner Dave Jones is working on standards on ridesharing that departments of insurance in states across the U.S. can look to as an example. Whether the National...
Marine Insurer Seacurus Launches South-East Asian Petro-Piracy Coverage
Feb 4 2015 // Specialist marine insurance intermediary, Seacurus, has developed a petro-piracy endorsement which can be added to existing kidnap & ransom (KR) insurance cover. The coverage was developed in response to the evolving...
Attorneys, Insurers Facing Off over Hail Litigation in Texas
Feb 4 2015 // The vestiges of twin hailstorms that ravaged the south Texas coast in 2012 are now blowing through the halls of the Capitol in Austin. Two of the state’s most-powerful lobbies, the insurance industry and trial...
Philadelphia Insurance Companies Announces 2 Promotions
Feb 3 2015 // Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurance company for niche markets, promoted two vice presidents to senior vice presidents. Bob...
Montana Licensed 34 Captive Insurance Companies In 2014
Feb 3 2015 // State insurance department officials are reporting that Montana licensed 34 new captive insurance companies in 2014, bringing the state’s total number of licensed captives to 177. In addition to the 34 new captive...
37 Captive Insurers Licensed in Oklahoma During 2014
Feb 2 2015 // The Oklahoma Insurance Department announced that it issued 37 new captive insurance licenses last year, bringing the total number of licensed captives in the state to 47. Oklahoma has licensed pure, association, sponsored...
Cayman Enacts Regulations Affecting Portfolio Insurance Companies
Feb 2 2015 // The Cayman Islands passed new insurance regulations on January 16, which affect portfolio insurance companies (PIC). These regulations are designed to provide more risk management alternatives for insurers incorporated as...
Deloitte Insurance Report Keys in on Climate Change
Jan 29 2015 // The potential impact of climate change on the insurance industry was important enough for consulting giant Deloitte Touche Tohmatsu Ltd. to include the topic as a significant part of its recent 2015 Property and Casualty...
P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months
Jan 28 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
Berkshire’s Commercial Insurer Hires AIG, Chubb Execs to Enter Canada Market
Jan 28 2015 // Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance,...
