Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida’s Flood Agency Stops Writing New Business in Tampa Bay Region
Aug 25 2014 // One of the first entities to step forward and provide private flood insurance in Florida has announced it will stop writing new business in the Tampa Bay region in order to manage its exposure. The Flood Agency, which...
Agent Survey: Not All Carrier Training Is Created Equal
Aug 25 2014 // Independent agents say product training (used by 50 percent) and technology systems training (used by 41 percent) were the most common types of insurance carrier-provided training they attended last year. However, when the...
Underwriting and an EICy Approach to Climate Change
Aug 21 2014 // Floating together in a muck of alphabet soup the insurance industry, the government and the scientific community can be assured success in at least one thing amid their combined efforts to deal with climate...
Florida’s Citizens’ Gilway Defends Overseas Travel Before Governor, Cabinet
Aug 21 2014 // The top official of Florida’s state-backed property insurer stepped forward yesterday to defend his organization’s international travel, arguing it was necessary to conclude a $3.1 billion risk transfer...
Wearable Device for Weight Loss Or Unbearable Loss of Privacy?
Aug 21 2014 // To fight rising medical costs, oil company BP Plc last year offered Cory Slagle — a 260-pound former football lineman — an unusual way to trim $1,200 from his annual insurance bill. One option was to wear a...
Florida Opens, Closes Surplus Lines Opportunities
Aug 20 2014 // The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry...
For Insurers, California’s ‘Diverse Procurement’ is Well-Meaning and Wrong
Aug 19 2014 // Under Section 927.2 of the California Insurance Code, insurers writing $100 million or more in annual premiums in the state are required to submit reports to the Department of Insurance on what efforts they’ve made...
QBE to Sell $750 Million in Shares, Some Assets as Profit Drops
Aug 19 2014 // QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders’ mortgage insurance business in Australia after reporting an 18 percent drop in...
California Windshield Repairer Ordered to Pay Insurer $1.4M
Aug 18 2014 // The owner of a Sonoma County windshield repair business accused in a fraudulent billing scheme has been ordered to pay Allstate Insurance and the state of California more than $1.4 million. Court records allege Alkayisi...
California Windshield Repairer Ordered to Pay Insurer $1.4M
Aug 18 2014 // The owner of a Sonoma County windshield repair business accused in a fraudulent billing scheme has been ordered to pay Allstate Insurance and the state of California more than $1.4 million. Court records allege Alkayisi...
Insurer to Participate in Proposed Fund for Failed West Virginia School
Aug 15 2014 // Former Mountain State University students who sued the now-defunct Beckley, West Virginia school would be entitled to compensation under a tentative settlement announced this week. The proposed settlement announced by...
Lawsky: Regulators’ Stance on Life Insurers’ Captives Leaves Gaping Problem
Aug 14 2014 // New York’s financial-services regulator told fellow watchdogs they are failing to address a “gaping regulatory problem” that he said allows life insurers to artificially inflate reserves. There should be...
Indiana-Based Insurer WellPoint to Change Name to Anthem
Aug 14 2014 // WellPoint, one of the biggest players on the health care overhaul’s new insurance exchanges, wants to switch its corporate name back to the Anthem brand its customers know by the end of this year. The nation’s...
Mass. DOI Providing Claims Assistance to Revere Tornado Victims
Aug 14 2014 // The Massachusetts Division of Insurance (DOI) announced this week its staff will be providing ongoing assistance for Revere residents and business owners who have open claims or other concerns related to the July 28th...
AIG’s 13-Year Wait Gets Longer as Modi Rebuffed: Corporate India
Aug 14 2014 // American International Group Inc. has waited 13 years in India to raise its stake in a local venture from a maximum allowed 26 percent. That wait is about to get longer. Opposition lawmakers, during the current session of...
Former Employee of Ohio Insurer Charged with Embezzling $2.9M
Aug 13 2014 // A former longtime employee of Ohio’s biggest health insurance company has been charged in federal court in Cleveland with embezzlement for diverting nearly $3 million in phony payments that he deposited into his own...
Vermont Family in Bed Bug Case Sues Homeowners Insurer
Aug 12 2014 // A Vermont couple who reached a $450,000 settlement with the state after saying their home was made uninhabitable when it was sprayed for bed bugs with a banned pesticide is now suing their insurance company. Neil and...
California Windshield Repairer Ordered To Pay Insurer $1.4M
Aug 11 2014 // The owner of a Sonoma County windshield repair business accused in a fraudulent billing scheme has been ordered to pay Allstate Insurance and the state of California more than $1.4 million. The Santa Rosa Press Democrat...
Small Businesses to Commercial Insurers: ‘You’ve Lost That Loving Feeling’
Aug 11 2014 // Insurers writing predominantly personal lines of insurance do a better job in satisfying their small business customers than insurers focused more on commercial lines, a new survey contends. According to the J.D. Power...
Fla Citizens’ Business Travel Saves Florida Money
Aug 8 2014 // A recent article by the Palm Beach Post blasting Citizens Property Insurance Corp. executives for traveling overseas casts a negative image onto the state-owned and operated insurer. However, what the article fails to...
