Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Nightclub Insurer Founder to Remain in Custody in Maryland
Aug 8 2014 // A federal judge says a Maryland businessman will remain in custody pending trial on charges of lying to Delaware insurance regulators. Jeffrey Cohen is the founder and former CEO of Indemnity Insurance Corp., which...
Florida Health Insurers File 2015 Rates
Aug 6 2014 // Eight insurance companies are raising the price of health plans and three are lowering them in Florida through the Affordable Care Act exchange, state insurance officials said this week. But whether some will pay more or...
TSC Advantage Enhances Cyber Assessment Technology for Insurers
Aug 5 2014 // TSC Advantage, an enterprise risk consultancy, has enhanced its cyber risk assessment Threat Vector Manager (TVM) technology for commercial organizations, critical infrastructure and the public sector. In addition, through...
Crop Insurer to Reimburse Some North Dakota Policyholders
Aug 5 2014 // A crop insurer has reached an agreement with North Dakota insurance regulators under which it will return a portion of premiums to some crop/hail insurance policyholders. North Dakota Insurance Commissioner Adam Hamm...
Illinois Becomes Third State to Provide Online Access to Insurer Filings
Aug 5 2014 // The Illinois Department of Insurance (DOI) is now providing online access for consumers to view insurance company records. Insurance product filings, such as rates and forms, filed with DOI are now available to the public...
ProMutual Completes Acquisition of Medical Malpractice Insurer PPIC
Aug 4 2014 // Boston-based Medical Professional Mutual Insurance Co. (ProMutual), a Coverys company, said it has finalized the previously-announced acquisition of Preferred Professional Insurance Co. (PPIC), located in Omaha,...
Guardian Life Acquires Dental Insurer Premier Access
Aug 4 2014 // The Guardian Life Insurance Company of America said it has completed its previously announced acquisition of Sacramento, Calif.-based Premier Access Insurance Co., a provider of dental coverage serving more than 5,000...
Insurer Settles Alabama Sheriff’s Assault Case for $625K
Aug 4 2014 // The Madison County Sheriff’s Department has reached a settlement with a Tennessee man who said he was beaten by several deputies and wrongfully arrested after an argument at a bar. Attorney Hank Sherrod said that he...
Wisconsin Man, Insurer Settle Over Wrongful Arson Conviction
Aug 4 2014 // A Friendship, Wis., man who spent almost three years in prison after being wrongfully convicted of arson has reached an undisclosed settlement with his insurance company. Joseph Awe was convicted of burning down a bar he...
Could Citizens Become Too Competitive in Florida?
Aug 4 2014 // Florida’s state-backed property insurer’s proposed rate reduction is raising questions about whether it will make the insurer competitive with the private market. Citizens Property Insurance Corp. recently...
South Carolina Mandates Home Insurance Education, Disclosure
Aug 4 2014 // South Carolina Insurance Director Ray FarmerSouth Carolina Insurance Director Ray Farmer has issued a bulletin drawing the industry’s attention to the provisions of the Competitive Insurance Act passed this year. The...
Insurer Says OK to Settlement in Wrongful Death Suit Against Hawaii Driver
Aug 4 2014 // A $1.1 million settlement has been reached in a wrongful death lawsuit involving the death of a 26-year-old pedestrian. The settlement came in a civil lawsuit against Robert Wayne Yount, 83, and the civil case will be...
Portable Persistency and the Prop 103 Roadblock
Aug 1 2014 // The emerging need to develop new insurance products to cover California’s Transportation Network Company operators has spurred a reexamination of the nature of Proposition 103’s quasi-constitutional status. In...
AXA First-Half Profit Rose 22%, Led by Life & Savings Unit
Aug 1 2014 // AXA SA, France’s largest insurer, said first-half profit rose 22 percent, buoyed by improved earnings from selling life insurance and savings products. Net income rose to €3 billion ($4 billion) from €2.47...
Illinois Warns Insurers of Ban on Transgender Discrimination
Jul 31 2014 // The state of Illinois has cautioned insurers about discriminating against transgender people. The Illinois Department of Insurance bulletin issued to insurers this week details nondiscrimination provisions in the federal...
Insurers, Hospitals Enjoying Benefits of Obamacare
Jul 31 2014 // Even as Obamacare continues to be attacked by foes and challenged in court, hospital chains and insurers are making more money, more patients using emergency rooms are paying for their care, and the country as a whole is...
UnitedHealth’s $173M Fine May Be Warning to P/C Insurers
Jul 30 2014 // A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims...
Senate Committee Holds Hearing on Flood Claims Process After Sandy
Jul 30 2014 // A U.S. Senate committee today conducted a hearing titled “The Flood Insurance Claims Process in Communities After Sandy: Lessons Learned and Potential Improvements,” where lawmakers had a chance to listen to...
JLT Says Worst Rate Slump since 2001 Leading Insurers to ‘Naive’ Risk Taking
Jul 30 2014 // Jardine Lloyd Thompson Group Plc’s Dominic Burke said the worst slump in prices for insurance policies since Sept. 11, 2001 has led some insurers to take on too much risk to win business. Burke, the chief executive...
Viewpoint: Systemically Risky Insurers Merit More Oversight But Not Bank Rules
Jul 29 2014 // Could Warren Buffett’s Berkshire Hathaway Inc. threaten the stability of the financial system? The U.S.’s top regulators are asking themselves this question as they consider whether Berkshire and other large...
