Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Lower Cat Losses Helped Home Insurers to First Profit Since 2007: SNL
May 16 2014 // The U.S. homeowners insurance industry benefited from lower catastrophe activity in 2013 and became profitable for the first time since 2007, according to an analysis by SNL Financial. According to SNL, all of the top 20...
R.I. Issues Bulletin on Implementing Auto Insurance Verification System
May 15 2014 // Rhode Island regulators recently issued a bulletin notifying the state’s auto insurers of their filing requirements and deadlines for the Rhode Island Insurance Verification System (RIIVS) to track uninsured...
N.Y. Plastic Surgeon’s Insurer to Pay for $2.3M Settlement in Death Case
May 15 2014 // A plastic surgeon who has appeared on television to talk about the procedures she offers has settled with the family of a New York woman who died following a liposuction procedure. Legal documents filed last week say Dr....
How Technology Is Revolutionizing Insurance Distribution: Swiss Re
May 15 2014 // Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. The study concludes...
Insurers Pull Back on Trade Credit Coverage for Sears Suppliers
May 15 2014 // Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining sales at the...
China Insurance Regulator Warns Insurers on Investments in Debt
May 14 2014 // Chinese insurers face increasing risks from their investments in property and local government debt as the nation’s economic growth slows, according to a senior regulatory official. The China Insurance Regulatory...
Adjuster Hunkers Down for Lengthy Battle with Nationwide Over ‘On Your Side’ Slogan
May 13 2014 // A Tennessee adjuster sued by Nationwide Insurance for alleged trademark infringement because he used the company’s slogan, On Your Side, in his firm’s name and marketing, is fighting back in court and on the...
South Carolina Boat Crash Victim’s Family Settles with Insurer
May 13 2014 // The family of a man killed in a boat crash on South Carolina’s Lake Murray four years ago is receiving a settlement from the insurer for a friend who operated the vessel. The State newspaper reported the payment of...
Has Online Shopping for Auto Insurance Peaked?
May 13 2014 // Shopping over the internet for auto insurance is down for the second year in a row, says a survey by a company that tracks the behavior of consumers with credit history. The latest TransUnion Auto Insurance Shopping Index...
Bill Would Give Tax Relief to Small, Rural P/C Insurers
May 12 2014 // About 600 small mutual property/casualty insurers serving rural communities would get a tax break under federal legislation filed last week in Congress. Introduced by Reps. Erik Paulsen, R-Minn., Ron Kind, D- Wis., and...
Identity of Secret ‘Company Doe’ in Product Liability Case Revealed
May 12 2014 // Company Doe is a secret no more. Ergobaby, a company that makes and sells baby carriers, acknowledged last Thursday it is the firm known as “Company Doe” in a lawsuit against the Consumer Product Safety...
Foreign Insurers’ Role in U.S. Tax Evasion Under Scrutiny
May 12 2014 // A Swiss asset management firm, Swisspartners Group, agreed to pay $4.4 million to the United States to settle a probe into whether it helped U.S. taxpayers evade their federal income taxes, the U.S. Department of Justice...
Best Downgrades Tower Group International and Subs Ratings
May 12 2014 // A.M. Best has downgraded the financial strength ratings (FSR) to ‘C++’ (Marginal) from ‘B’ (Fair) and issuer credit ratings (ICR) to “b” from “bb” of the pooled and reinsured...
CME, SIX to Provide Collateral Management Services to Swiss Insurers
May 12 2014 // CME Group Inc.’s European clearinghouse and SIX Group’s central-securities depository have agreed to offer an integrated collateral-management service to insurance companies operating in Switzerland. Once the...
Trusted Choice Consumer Portal Funding Now Tops $50M
May 9 2014 // Project CAP, the organization formed to help local independent agents compete in the digital economy under the Trusted Choice brand, has raised $10 million from two additional carrier investors. The capital from the two...
Bill Allowing Insurers to Drop Drivers Axed by Arizona’s Brewer
May 7 2014 // Arizona Gov. Jan Brewer has vetoed a bill that would have allowed insurance companies to drop drivers from their coverage if their car was driven mostly out of the state. The bill would have affected college students and...
‘Inhance’ Launched to Plug Re/Insurers’ Cat Loss Information Gaps
May 7 2014 // Lloyd’s Old Library was the setting yesterday for the launch of inhance, a new product designed to close gaps in existing models that continue to expose re/insurers – and companies – to unexpected catastrophe...
Insurer Allianz Faces Shareholder Grilling over Pimco
May 7 2014 // Top Allianz executives face a grilling on Wednesday from shareholders worried about a wobbly performance at its U.S-based Pimco fund management business. Europe’s biggest insurer has made a strong comeback from the...
Commercial Auto Insurers Still Struggle to Profit: Fitch
May 6 2014 // Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013. According to an analysis by Fitch Ratings, the combined ratio came in at 106 for 2013 compared with 107 for 2012. In a...
Global Insurers Plan to Increase Risk in Portfolios: Goldman Sachs Survey
May 6 2014 // Global insurance firms are embracing risk in their portfolios this year, as they plan to increase allocations to alternative investments such as private equity and infrastructure debt, according to the third annual survey...
