Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Uber, Lyft, Sidecar Toe-to-Toe With Insurers State-by-State
Jun 27 2014 // The share-and-share-alike attitude considered a virtue by some has the potential to create a rift between between ridesharing companies and insurance companies. “We try not to make it a battle,” said Robert...
Large Michigan Health Insurers Seeking Big Rate Increases in 2015
Jun 27 2014 // Most people buying their own health insurance in Michigan could see near double-digit premium increases next year. State insurance regulators said that dominant insurers Blue Care Network and Blue Cross Blue Shield want to...
Detroit Bankruptcy Judge Rejects Insurer Requests
Jun 27 2014 // Detroit overcame efforts by bond insurers that might have slowed its plan to exit bankruptcy before the end of the year, while the judge on the case said he was open to taking a bus tour to see what shape the city’s...
Bond Insurer Syncora Fighting City’s Plans in Detroit Bankruptcy
Jun 26 2014 // Bond insurer Syncora Guarantee Inc has emerged as Detroit, Mich.’s chief nemesis in the city’s historic bankruptcy case and is fighting as if its financial life depends on a decent recovery on its $400 million...
Polish Insurer PZU Selling Eurobonds to Buy RSA Units
Jun 26 2014 // PZU SA, Poland’s biggest insurer, is selling 500 million euros ($681 million) of five-year bonds to help finance an acquisition. The state-controlled insurer is tapping the market after the European Central Bank cut...
U.S. Insurance Regulators May Refuse to Apply Global Capital Rules: NAIC President-Elect Lindeen
Jun 25 2014 // The United States may refuse to apply new global capital rules in the world’s biggest insurance market because of the “breakneck speed” they are being pushed through, American regulators said on...
Insurers Could Face Suits Over Fannie-Freddie Insurance Prices
Jun 25 2014 // The regulator of Fannie Mae and Freddie Mac will consider suing insurers who charged excessive fees for hazard coverage paid by the two government-owned mortgage companies, an auditor’s report said. Fannie Mae and...
Horgan, Pace Join Transportation Insurer Canal Insurance in South Carolina
Jun 24 2014 // Canal Insurance Co. in Greenville, South Carolina, has named Tim Horgan as vice president, Transportation, and chief marketing officer, and Bob Pace, vice president and chief claims officer, to the executive leadership...
Japan’s MS&AD Planning on Insurance Acquisitions for Growth in Southeast Asia
Jun 24 2014 // MS&AD Insurance Group Holdings Inc., Japan’s largest non-life insurer, will seek acquisitions in Southeast Asia to expand its overseas business, said President and Chief Executive Officer Yasuyoshi...
U.K. Insurer AA Down Following $2.4 Billion IPO
Jun 23 2014 // AA Ltd., the U.K. roadside- assistance provider and auto insurer, fell in its first day of trading after a 1.4 billion pound ($2.4 billion) initial public offering that resulted in the exit of its private-equity...
No New Rights in Florida’s Homeowners’ Bill of Rights
Jun 23 2014 // Florida’s passage of a homeowners’ claims bill of rights left few satisfied after lawmakers largely codified current law while avoiding controversial issues such as the practice of policyholders assigning their...
Report: Home Loan Banks Place Moratorium on Captive Insurers Used by REITs
Jun 20 2014 // The Federal Home Loan Banks jointly agreed to a three-month moratorium on admitting captive insurers, which are being used by mortgage investors to access the government-chartered system, according to three people with...
Illinois Agency Critchell-Miller & Petrus Joins Keystone Insurers Group
Jun 19 2014 // Critchell-Miller & Petrus in Illinois has joined Keystone Insurers Group as a franchise partner. Keystone now has 15 agency partners in the state. Established by R.S. Critchell in 1868 and operating as R.S. Critchell...
If Fracking Is the Question, Insurers May Ask – What Is the Answer?
Jun 19 2014 // When it comes to the use of evolving technologies such as hydraulic fracturing, or fracking, in oil and gas production one big question insurance companies are faced with is: to insure or not to insure? That is a key...
Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki
Jun 18 2014 // Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar...
Agents React to Walmart, Overstock in Insurance: ‘We Aren’t Dead or Dying, We are Evolving’
Jun 18 2014 // Recent announcements by giant retailers Walmart and Overstock.com that they entering the insurance sales game have elicited a healthy response from the insurance industry. Some agents have expressed concern and frustration...
Ridesharing Bill Cruising Through California Legislature
Jun 17 2014 // A bill to more thoroughly regulate insurance requirements for ridesharing companies is successfully wending its way through California Legislature as insurance associations and representatives for companies like Uber and...
Michigan Bill Limiting Lawsuits Against Insurers Awaits Governor’s Signature
Jun 17 2014 // A bill approved by Michigan Legislature that further limits certain consumer lawsuits against insurance companies under the state’s Consumer Protection Act has been sent to Gov. Rick Snyder for his signature. The...
Florida Private Flood Bill Now Law But Market May Take a While to Develop
Jun 17 2014 // Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in the near future. The...
House Panel Unveils TRIA Extension Bill
Jun 17 2014 // Property/casualty insurers are welcoming the unveiling of a House terrorism insurance bill as a sign of progress even though there are provisions in it they oppose. Introduced by Rep. Randy Neugebauer, R-Texas, chairman of...
