Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
European Insurers Welcome Deal on Solvency II Capital Rules
Nov 14 2013 // European insurers breathed a sigh of relief on Thursday that a deal on new capital requirements was less burdensome than initially feared, ending an uncertainty which has been hanging over the sector for many...
Canada Delays New Life Insurer Capital, Transparency Standards Until 2018
Nov 14 2013 // Canadian insurance companies including Manulife Financial Corp. and Sun Life Financial Inc. will have three more years to comply with new regulations from the Office of the Superintendent of Financial Institutions. OSFI...
European Officials Reach Deal on Solvency II Insurance Rules
Nov 14 2013 // European politicians reached an agreement paving the way for new rules designed to make insurance companies safer after 13 years of wrangling with the industry and regulators. The European Commission, European Parliament...
Pittsburgh Bishop: Won’t Let Health Insurer Give Disputed Coverage
Nov 13 2013 // The Roman Catholic bishop of Pittsburgh says that he will refuse to sign a document allowing a third-party insurer to provide preventative reproductive services for employees of a diocese-related charity even if it means...
Detroit Mayor-Elect Duggan’s Plans Include City-Run Auto Insurer
Nov 13 2013 // Detroit Mayor-elect Mike Duggan rescued a county, a bus system and a 14,000-worker hospital network, served as a prosecutor, plotted Democratic campaigns and coached his four children’s soccer teams. Now, Duggan, 55,...
Doubts About CEO’s Controls at Insurer Raised by RSA Irish Accounting Inquiry
Nov 13 2013 // In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and praised his “outstanding record.” Two months later, he suspended...
Europe Appears Close to Agreement on Solvency II Insurance Rules
Nov 12 2013 // Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, companies and regulators. Insurers and European Union officials are working out a...
Report Calls for Prior Approval for All States
Nov 12 2013 // Holding automobile insurance regulation in California as an example, the Consumer Federation of America issued a report on Tuesday showing that auto insurance expenditures in America rose by 43 percent on average over the...
Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico
Nov 12 2013 // Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.’s Geico unit and Progressive Corp. Esurance started...
Massachusetts Health Insurer Lays Off 62 Workers
Nov 11 2013 // A Worcester, Mass.-based health insurance provider has announced that it is laying off 62 workers, or about 6 percent of its total workforce. Fallon Community Health Plan President and Chief Executive Patrick Hughes said...
Dodd-Frank Swaps Rule Could Impact Insurers’ Risk Management, Ratings: S&P
Nov 11 2013 // Ratings analysts at Standard & Poor’s say that a Dodd-Frank provision having to do with derivatives could improve insurers’ risk management and have a minor impact on ratings. In response to the financial...
RSA Tumbles after Insurer Suspends Executives at Irish Operation
Nov 11 2013 // RSA Insurance Group Plc, Britain’s biggest non-life insurer, tumbled by the most in more than nine years in London trading after the company suspended three top executives at its Irish operation. The stock fell as...
Insurers’ Annual Incurred A&E Losses Rose 12% in 2012: A.M. Best
Nov 6 2013 // While generally not a material drag on the U.S. property/casualty industry’s earnings, industry losses from asbestos and environmental (A&E) claims resumed an upward climb in 2012, according to a new A.M. Best...
Insurers Keeping Property-Catastrophe Insurance Price Relatively Flat: NAPCO
Nov 5 2013 // With more than $600 billion in policyholders’ surplus, the insurance industry is very well capitalized in spite of a large loss from Hurricane Sandy last year. But even so, insurers have been keeping the price of...
New Jersey Chiropractor Pleads Guilty in $89K Insurance Fraud
Nov 5 2013 // New Jersey’s Acting Attorney General John J. Hoffman announced that a northern New Jersey chiropractor pleaded guilty Monday to causing false documentation to be submitted to insurance companies and subsequently...
Noonan: Insurers Can Cover Terrorism Privately
Nov 4 2013 // A poll released last week by the Risk and Insurance Management Society — the trade association for risk managers of corporations, non-profits and local government agencies, who together are the major purchasers of...
Baltimore Insurer to Relocate to Des Moines, Iowa
Nov 4 2013 // A Baltimore, Md.-based life insurance company is moving its corporate offices to Des Moines, Iowa, and it plans to employ 50 workers within the next three years, a company spokesman said. Fidelity & Guaranty Life...
Insurer For Montana City Settles Lawsuit With Family
Nov 4 2013 // The insurance company for the city of Billings has agreed to settle a lawsuit stemming from the death of a 41-year-old man at Rose Park pool. The Billings Gazette reported that the agreement approved on Tuesday by District...
Miller: Florida Insurers Assume Liability in Agent Appointments, Licensing Verification
Nov 4 2013 // The agent appointment process is not as simple as some think. Insurers that are not careful could find they are in legal trouble. As in so many other areas of insurer operations, due diligence is required in the handling...
P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson
Nov 4 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
