Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects
Apr 2 2014 // When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and...
Zurich CFO’s Widow to Confront Insurer at Annual Meeting; Company Defends Probe
Apr 2 2014 // Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company over its handling of the tragedy, reopening a scandal that unsettled investors. In the first...
Louisiana Property Insurer Announces Public Offering
Apr 1 2014 // 1347 Property Insurance Holdings Inc., a property and casualty insurance holding company offering homeowners and dwelling insurance to individuals in Louisiana through its wholly-owned subsidiary Maison Insurance Co.,...
Florida Homeowners Insurance ‘Bill of Rights’ Slowed by Fraud Measure
Mar 31 2014 // Florida’s chief financial officer went to the Legislature this spring with a simple request: grant additional protections to customers dealing with property insurance companies. But the push by Jeff Atwater is in...
Berkshire Hathaway Specialty Exec on Acquisitions, Expansion Plans
Mar 31 2014 // Berkshire Hathaway Specialty Insurance (BHSI), part of Omaha, Nebraska-based conglomerate holding company Berkshire Hathaway, has its eyes on overseas expansion, according to BHSI’s top executive. BHSI’s...
ACE Introduces Passenger Accident Insurance for Motor Carriers
Mar 28 2014 // ACE Group has introduced standalone passenger accident insurance for motor carriers. The coverage provides accidental death and dismemberment and accident medical/dental expense benefit coverage for authorized passengers...
Owners of Leaky Iowa Apartments Win Suit Against Insurer
Mar 28 2014 // An insurance company has been told to pay $12.4 million to the owners of a West Des Moines, Iowa, apartment complex that was plagued with water leaks and mold. Construction of the Westlake apartments began in 2002....
Life Insurers Flock to ‘Easy’ Iowa As More Federal Oversight Looms
Mar 28 2014 // After Symetra Financial Corp. was formed in 2004, the life insurer set up shop in a 25-story glass tower outside Seattle, put its name on the building and pushed the state to adopt more favorable rules for its...
Rideshare Questions Linger in California
Mar 27 2014 // While Insurance Commissioner Dave Jones has recommended that insurance should be required to cover the “app on, no match” period when rideshare drivers are between fares, that doesn’t seem to have ended...
R.I. Regulators: Insurers Must Pay ‘Fair Market Value’ for Total Loss Vehicles
Mar 27 2014 // Rhode Island’s Department of Business Regulation, Insurance Division, issued a bulletin Monday stating that pursuant to the state law, auto insurers must pay the “fair market value” for a vehicle that is...
Insurance Executives See Jump in Acquisitions Ahead
Mar 27 2014 // After a slowdown following the 2008 financial crisis, the volume of insurance mergers and acquisitions should increase over the next one to three years, according to North American insurance executives. A sizable 86...
Complex Situation Occludes Details on Loss of Malaysia Airlines Flight MH370
Mar 27 2014 // Very few details have been released by the re/insurance industry related to the missing Malaysia Airlines Flight MH370, which has caused some minor confusion as to the re/insurers providing coverage for claims. The...
China Regulators Order Insurers to End Smog Coverage
Mar 27 2014 // Chinese regulators have told the country’s two largest insurers to stop selling coverage against smog, a week after such policies were launched, the China Daily reported on Thursday. The newspaper did not say why the...
The Importance of Risk Scores in By-Peril Rating
Mar 27 2014 // This blog post is part of a series sponsored by CoreLogic. Natural disasters can happen anywhere and at any time, but they often show allegiance to a particular location and geography. Hurricanes hit most frequently along...
Best Affirms Markel and Affiliates Ratings; Outlooks Stable
Mar 25 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the members of the Markel North America Insurance Group, as well as the FSR...
Workers’ Compensation Fraud and the Insurance Producer
Mar 24 2014 // There are essentially two types of workers’ compensation fraud — premium fraud and claimant fraud — and insurance producers can play a role in the discovery and resolution of both, according to one investigator...
Florida Legislature Seeks to Entice Private Insurers to Sell Flood Policies
Mar 24 2014 // The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. It’s not clear, though, that many private...
Texas Associates Insurors Hires Thomas as Risk Solutions Adviser
Mar 24 2014 // Texas Associates Insurors has hired David Thomas as a risk solutions adviser. Thomas, a former football player for the University of Texas has a Bachelor’s degree in Kinesiology and has earned the CLCS, Commercial...
N.C. Department of Insurance Issues Its 1st Captive Insurance License of 2014
Mar 24 2014 // North Carolina’s Insurance Commissioner Wayne Goodwin announced last Friday that one of the nation’s largest convenience store chains has formed a captive insurance company in North Carolina. The Pantry Inc.,...
Businesses, Insurers Still Wrangling Over Marathon Loss Payouts
Mar 24 2014 // Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as the anniversary of the...
