Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Large Agencies More Optimistic About Future Growth: Study
Nov 17 2014 // Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts,...
Maryland Says Insurers Can’t Use ‘Price Optimization’
Nov 17 2014 // The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in violation of §27-212(e)(1) of the state’s Insurance Article. MIA...
Oklahoma AG Warns of Insurer ‘Steering’ to Body Shops
Nov 17 2014 // Oklahoma Attorney General Scott Pruitt has issued a warning to citizens of his state regarding the practice of “steering” — where insurance companies strongly push consumers to take their vehicles to...
5 Tips for Clients to Consider When Buying Cyber Liability
Nov 17 2014 // There’s been a myriad of articles outlining the benefits of cyber liability insurance following the well-publicized data breaches of Target, P.F. Chang’s, JPMorgan Chase, eBay, Home Depot and hundreds of other...
Michigan Orders Unlicensed Auto Insurer to Shut Down
Nov 17 2014 // The Michigan Department of Insurance and Financial Services recently issued a cease and desist order to an unlicensed auto insurance provider, Great Lakes Michigan Insurance Company, its owner and associated...
Insurers: 1/3 of Work Comp Claims in Midwest Were from Slips, Falls
Nov 17 2014 // Workers’ compensation carriers, Accident Fund Insurance Company of America and United Heartland, report that during last year’s difficult Midwest winter, slips and falls on ice and snow accounted for nearly...
Activist Investor Barington Targets Insurer Software Firm Ebix
Nov 13 2014 // Ebix Inc., a software supplier to the insurance industry, is being targeted by activist investor Barington Capital Group LP, which is seeking talks to nominate additional board members. Barington suggested four independent...
Global Insurers to Bid for Insurance, Pension Units of Halkbank in Turkey
Nov 12 2014 // Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey’s state-run Halkbank of its pension and insurance arms, three sources close to the process said on...
Judge Backs Insurer OneBeacon in Milwaukee Archdiocese Sex Abuse Case
Nov 11 2014 // A federal judge has ruled in favor of an insurance company for the Archdiocese of Milwaukee that challenged whether it was liable for the church’s handling of child sexual abuse cases. U.S. District Judge Rudolph...
ACE Report Urges Risk Managers to Reexamine Capabilities of Insurer Partners
Nov 11 2014 // ACE urged risk managers at multinational European companies to reexamine the capabilities of their global insurance partners as the international regulatory and business environment grows increasingly complex. The...
Ghana’s Biggest Insurer Delays Opening Units in West Africa as Result of Ebola
Nov 10 2014 // SIC Insurance Co., Ghana’s biggest insurer, has put on hold plans to open units in Sierra Leone and Liberia as the nations battle to contain the world’s worst outbreak of Ebola. The company, which was studying...
Aetna to Establish Captive Insurance Company in Connecticut
Nov 10 2014 // Connecticut Gov. Dannel P. Malloy announced last week that Hartford, Connecticut-based health insurer Aetna is establishing its captive insurance company in its home state, becoming the state’s fifth licensed and...
UK Space Travel Insurer Sees No Spike in Queries after Virgin Crash
Nov 10 2014 // UK insurer Pembroke Managing Agency, who recently began offering life coverage for would-be space tourists, said it has seen no increase in interest in the policy following the fatal crash of a Virgin Galactic test space...
Oklahoma AG Warns Against ‘Steering’ to Repair Shops by Insurers
Nov 9 2014 // Oklahoma Attorney General Scott Pruitt is warning citizens of his state about the practice of “steering” — where insurers strongly push consumers to take their vehicles to “preferred” auto body...
Michigan Orders Unlicensed Auto Insurer to Shut Down
Nov 7 2014 // The Michigan Department of Insurance and Financial Services has issued a cease and desist order to an unlicensed auto insurance provider, Great Lakes Michigan Insurance Company, its owner and associated businesses. The...
Univ. of Minnesota Sues U.S. Wireless Carriers Over Patents
Nov 7 2014 // The University of Minnesota sued the four largest wireless carriers in the United States over alleged patent infringement. Complaints filed in U.S. District Court in Minnesota contend that AT&T, Sprint, T-Mobile and...
Insurer James River Group Files for IPO
Nov 7 2014 // James River Group Holdings Ltd, a Bermuda-based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw & Co LP’s affiliates own...
Insurers: One-Third of Work Comp Claims in Midwest Were from Slips, Falls
Nov 6 2014 // Workers’ compensation carriers, Accident Fund Insurance Company of America and United Heartland, report that during last year’s difficult Midwest winter, slips and falls on ice and snow accounted for nearly...
Litmus Analysis on S&P’s Decision to Withdraw ‘Public Information’ Ratings
Nov 6 2014 // A report from London-based Litmus Analysis examines the decision by Standard & Poor’s to withdraw “its entire North American and EMEA ‘pi’ (public information based) insurance ratings. This...
Blue River Underwriters D. Scott Tramel and John Searles Launch USL&H and Maritime Employers Liability Insurance Program
Nov 6 2014 // KENNESAW, GA, November 6, 2014 — Blue River Underwriters, a division of Breckenridge Insurance Group, has introduced a new United States Longshoreman and Harbor Workers Act (USL&H) and Maritime Employers Liability...
