Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Large Agencies More Optimistic About Future Growth: Vertafore Study
Oct 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,...
The Pitfalls of Rejecting a Defense Under Texas ‘Same Facts’ Test
Oct 17 2014 // Texas law recognizes that an insurer’s reservation of rights can create a potential conflict of interest. Northern County Mut. Ins. Co. v. Davalos, 140 S.W.3d 685 (Tex. 2004). Although there is a potential for...
Detroit Settles with Bond Insurer; Chance of Debt Plan Success Boosted
Oct 17 2014 // Detroit settled with one of its last major creditors, bond insurer Financial Guaranty Insurance Co., bringing the city closer to ending the biggest-ever U.S. municipal bankruptcy. The remaining holdout creditors, led by...
Wind Insurer Settles Lawsuit with South Texas School District
Oct 16 2014 // The Texas Windstorm Insurance Association has agreed to pay nearly $8 million to settle an unpaid claims lawsuit filed by a southern school district, according to state district court records in Cameron County. The...
German and French Insurance Markets Show Resilience
Oct 16 2014 // Despite varying internal pressures, the German and French insurance markets have shown resilience in their respective ways, according to two separate reports issued by A.M. Best. While Germany’s economy is among the...
South African Insurers Urge Mandatory Auto Insurance
Oct 16 2014 // South African insurers have called on the government to start compulsory motor cover to reduce the cost to motorists and companies from the country’s millions of drivers taking to the roads without protection. In...
Elmo, Insurers Promote Literacy in Downtown Los Angeles
Oct 15 2014 // More than 100 tykes, some crawling their way out of strollers, were noticeably tickled as they scrambled about the Central Library in downtown Los Angeles, making their way to Sesame Street-themed coloring books or lining...
Mass. Health Insurers Offer Online Tools to Compare Medical Procedure Prices
Oct 15 2014 // Massachusetts health insurers have recently begun providing online cost-estimator tools that allow consumers to compare prices of medical procedures by various health care providers, as required by a transparency provision...
Detroit Close to Deal with Second Bond Insurer
Oct 15 2014 // Lawyers for Detroit and a major creditor say they’re close to a settlement in the city’s bankruptcy case. The disclosure was made on Oct. 14 as Judge Steven Rhodes resumed a trial on Detroit’s plan to fix...
U.S. Eyes Sale of New York’s Waldorf Hotel to Chinese Insurer
Oct 15 2014 // Concerned about potential security risks, the U.S. government is taking a close look at last week’s sale of New York’s iconic Waldorf Astoria hotel to a Chinese insurance company. U.S. officials said Monday...
Insurer Group Honors 3 Tennessee Lawmakers for Litigation Funding Law
Oct 15 2014 // The National Association of Mutual Insurance Companies presented its State Legislator of the Year Award to three Tennessee state legislators. Reps. Curtis Johnson and Charles Sargent and Sen. Jack Johnson were recognized...
A.M. Best: Prospects Improve for Insurers in ASEAN Market
Oct 15 2014 // While integration of insurance markets among the 10 member states of the Association of Southeast Asian Nations (ASEAN) has a long way to go, the prospects for closer connectivity in a region with vibrant growth give...
A.M. Best: UK Non-Life Insurers’ Profits Under Pressure
Oct 14 2014 // Profit margins in the U.K. non-life insurance sector are under pressure this year as companies fight to maintain pricing discipline in an extremely competitive market, according to a new A.M. Best special report. Premium...
Ebola Tests Insurers’ Medical Evacuation Services As Airlines Cut Flights
Oct 13 2014 // Leading companies offering medical evacuation services are drawing a line at flying Ebola patients out of West Africa for treatment abroad as the cost and the complexities of the deadly epidemic grow. Several airlines have...
P/C Insurers Rush to Meet Rising Demand for Cyber Insurance
Oct 9 2014 // Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this...
EU Eases Insurers’ Capital Rules to Lure Infrastucture Investments
Oct 9 2014 // Insurers are attracting the attentions of European Union policy makers who are trying to spur investment in long-term infrastructure projects needed to undergird the regions stuttering economic recovery. The European...
South Dakota Proposal on Doctor Choice Opposed by Health Insurers
Oct 9 2014 // South Dakota patients could have more choice of doctors within their health insurance networks if voters approve a ballot measure that is drawing strong opposition from the health insurance industry. The proposal on the...
Washington Commissioner Disciplines Insurers, Producers
Oct 9 2014 // Washington Insurance Commissioner Mike Kreidler in September disciplined several insurance companies, agents and brokers who violated state insurance regulations. Following are the names of the parties, their locations and...
Insurers for Sears Suppliers Pulling Back; Retailer Says Finances Fine
Oct 9 2014 // Three of the biggest insurance firms for Sears Holdings Corp.’s suppliers are seeking to reduce coverage, prompting at least one medium-sized vendor to halt shipments to the department-store chain, people with...
Fosun Investment Head to Manage Europe Insurer Investments
Oct 9 2014 // Fosun Group, China’s biggest closely- held conglomerate, hired Hong Kong’s best-performing bond fund manager from Bocom International Holdings Co. to manage investments for its European insurers. Tongli Han,...
