Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Low Disaster Claims Boost Profits in Third Quarter for European Insurers
Nov 6 2014 // European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines...
Big Data: It Isn’t Just for Carriers
Nov 5 2014 // This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry has...
Canadian P&C Insurer Intact Financial’s 3rd Quarter Profit Rises
Nov 5 2014 // Intact Financial Corp., Canada’s largest property and casualty insurer, reported a more than four-fold rise in quarterly profit, helped by a sharp fall in catastrophe losses. The company’s profit last year was...
South Carolina Approves CAT Models, Weighs Building Public Model
Nov 4 2014 // South Carolina regulators have approved seven private catastrophe models for use in ratemaking while conducting a legislatively mandated study on the feasibility of constructing a public model. South Carolina Insurance...
Foreign Mortgage Bond Buyers Surpass Danish Pension Funds, Insurers
Nov 4 2014 // International investors are overtaking Danish pension funds and insurers as the biggest buyers of the Nordic country’s covered mortgage bonds, creating new risks for the $500 billion market. The institutional...
Maryland Insurers Using ‘Price Optimization’ Ordered to File Corrective Action Plan
Nov 3 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...
Insurers Win Case to Kill HUD Disparate Impact Rule
Nov 3 2014 // Property/casualty insurer trade groups won a court victory Monday when a federal judge ruled in their favor that the U.S. Fair Housing Act does not prohibit housing practices including the pricing of homeowners insurance...
South Carolina Approves CAT Models, Weighs Building Public Model
Nov 3 2014 // South Carolina regulators have approved seven private catastrophe models for use in ratemaking while conducting a legislatively mandated study on the feasibility of constructing a public model. South Carolina Insurance...
Homeowners No Longer Taking Back Seat to Auto for Insurers
Nov 3 2014 // Property/casualty insurers are increasingly using analytics as a tool to help with their homeowners’ pricing, reflecting a belief that the line could become a bigger growth engine than their auto business. At the...
Claims Trends
Nov 3 2014 // In terms of agency E&O trends, carriers are closely eyeing an uptick in claims severity. According to Curtis Pearsall, president of Pearsall Associates Inc., a risk management consulting firm specializing agency...
Average Claims Experience Not Enough to Retain Customers: Accenture
Nov 3 2014 // Although a large majority (86 percent) of home and auto insurance customers who have submitted a claim in the past two years are satisfied with how it was handled, 41 percent of those who have submitted a claim are still...
