Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
E&O Insights: How Errors & Omissions Liability Policies Respond When Buying or Selling an Agency
Apr 7 2014 // It’s rare to read an industry magazine or attend an industry conference without the topic of mergers and acquisitions coming up. The issues addressed typically include the cost of acquisitions, tax implications,...
Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey
Apr 7 2014 // Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly...
Insurance Can’t Protect Libertarian’s Dream of Unlimited Liability: McArdle
Apr 6 2014 // If you run in libertarian circles, you hear a lot about lawsuits. It’s the obvious recourse for anyone who wants less regulation but can’t bring themselves to insist that, say, chemical companies should be...
U.S. Approves JPMorgan Release of Funds to Sanctioned Russian Insurer
Apr 3 2014 // JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. “Following consultation with our...
Zurich CFO’s Widow Rejects Insurer’s Report on Suicide; Zurich Defends Probe
Apr 3 2014 // The widow of Zurich Insurance’s late finance chief on Wednesday rejected a report into his suicide, telling the Swiss company’s annual shareholder meeting she could not accept the findings of an investigation...
Texas Windstorm Insurer Sued for Passing on Ike Costs to Policyholders
Apr 2 2014 // A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa...
N.J. Regulator Offers Tips on Shopping for Insurance Coverage
Apr 2 2014 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski this week provided advice to consumers when shopping for insurance coverage. Whether buying and insuring a new car, starting a small business or...
Republican Bill Targets ‘Bailout’ of Health Insurers
Apr 2 2014 // U.S. Senator Marco Rubio, a prominent Republican critic of President Barack Obama’s healthcare law, unveiled legislation on Tuesday to make sure Obamacare would not add to the deficit by compensating insurance...
Insurer Group Opposes Lower Named Storm Maximum Deductible in Louisiana
Apr 2 2014 // A proposal in the Louisiana Legislature to reduce the maximum deductible on named storms and require winds in excess of 125 miles per hour before the deductible could be applied would likely result in higher insurance...
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...
