Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Small, Rural P/C Insurers Seek Tax Change
Jun 2 2014 // About 600 small mutual property/casualty insurers serving rural communities would get a tax break under federal legislation filed last month in Congress. Introduced by Reps. Erik Paulsen, R-Minn., Ron Kind, D- Wis., and...
41 Charged for Multi-Million Dollar Auto Insurance Fraud Scheme in Philadelphia
May 30 2014 // The Philadelphia district attorney’s office has charged 41 people for what prosecutors described as a multi-million dollar auto insurance fraud scheme. Prosecutors allege Ronald Galati Sr. and his co-conspirators ran...
ABI Calls for Action as Fraudulent Accident Claims Rise by 18%
May 30 2014 // The Association of British Insurers latest study concludes that “the value of fraudulent insurance claims uncovered by insurers rose to a record £1.3 billion [$2.177 billion] in 2013, up 18 percent on the previous...
TurboRater Feature Lets Agents Control Carrier Ranking in Comparative Rating
May 29 2014 // The newest agency software feature for the personal lines comparative rating system TurboRater allows agency managers to control the ranking order of the carriers their producers see on the quote comparison list,...
Insurers See Claims Rising in Pennsylvania Following Last Week’s Hail Storm
May 29 2014 // Some insurers say they are seeing an increased volume of claims in Pennsylvania following last Thursday’s freak hail storm that caused widespread damage in communities in the eastern part of the state. State Farm...
N.Y. Orders Narragansett Bay Insurance to Pay $327,400 Fine
May 29 2014 // New York Gov. Andrew Cuomo’s administration announced today that Narragansett Bay Insurance Company will pay a $327,400 penalty for failing to perform timely inspections of Superstorm Sandy damage claims as required...
Keystone Insurers Group Names Sinosky Director of Business Development
May 28 2014 // Matthew SinoskyKeystone Insurers Group has named Matthew Sinosky as its director of business development. He is based in Keystone’s Northumberland, Penn., headquarters. Sinosky comes to Keystone from Eastern Alliance...
New York DFS Issues Bulletin Urging Auto Insurers to Adopt Telematics Programs
May 28 2014 // New York’s Department of Financial Services (DFS) issued a bulletin to all New York auto insurers encouraging them to adopt “usage-based insurance” (UBI) programs. Under these voluntary programs,...
German Insurers Say Schaeuble Amendment Will Scare off Investors
May 28 2014 // German Finance Minister Wolfgang Schaeuble has deflected complaints from insurers worried that his revamp of how they meet obligations to policy holders will scare off investors, a ministry document released today...
Insurer for Nebraska’s Douglas County Sued for Damages in Murder Case
May 27 2014 // Two men wrongfully accused in a 2006 double murder are going after Douglas County’s liability insurance carrier to recoup a multimillion-dollar judgment against the county’s former crime lab chief. Attorneys...
Arrests in California Fraud Ring Targeting Auto Dealers and Insurers
May 23 2014 // A four-year investigation into an organized fraud ring has uncovered a million-dollar scheme targeting high-end vehicles through auto loan and insurance fraud has led to several arrests, according to the California...
Galveston Insurance Associates now a Member of the Insurors Group
May 23 2014 // Galveston Insurance Associates, located in Galveston and Friendswood, Texas, has joined the Insurors Group LLC, an alliance of independent insurance agents in the state of Texas. Galveston Insurance Associates (GIA) was...
West, Texas School District Suing Insurers over Fertilizer Blast Damages
May 23 2014 // The West, Texas, school district is suing its insurers, saying the two sides are $23 million apart on the costs of rebuilding buildings after last year’s devastating plant explosion. The Waco Tribune-Herald reports...
New Mexico Court: Insurer to Pay for Injured Worker’s Medical MJ
May 21 2014 // The New Mexico Court of Appeals has ruled that a worker’s employer and its insurer must pay for medical marijuana for treating the employee’s chronic pain from a job-related back injury. The court on Monday...
Insurers Balk at High Cost of Specialty Drug
May 21 2014 // The leading U.S. health insurance trade group on Tuesday hit out at the extremely high cost of new specialty medicines, accusing drugmakers of taking advantage of the insurance system by pricing products at unsustainable...
N.Y. Calls for More Oversight for Investment Firms’ Acquisitions of Insurers
May 20 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
S&P Report Concludes Re/Insurers Have ‘Coped Well So Far’ with Climate Change
May 20 2014 // A report – “Are Insurers Prepared For The Extreme Weather Climate Change May Bring?” – from Standard & Poor’s notes that “whether or not a direct result of climate change, the number...
Making the Economics of Telematics Work for Insurers
May 19 2014 // The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile is being driven. The device monitors where a car is and how it is being driven, and, in theory, should...
Insurer’s Climate Change Class Actions: More to Come?
May 19 2014 // A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding in lawsuits that are the first in what could be a wave of litigation over who should be liable for...
OnPoint Underwriting Offers New Managed Healthcare Program with Everest Re Group
May 19 2014 // May 19, 2014 – Denver, CO – OnPoint Underwriting (OnPoint) and Everest Re Group, Ltd. (NYSE:RE) announced a new relationship with Everest Reinsurance Accident and Health for the underwriting and management of HMO...
