Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
E&O Dangers for Agents
Nov 4 2013 // Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks. Phrases such as “expert” or “specialist” have the potential to raise...
Technology Spurs Industry, Government Modernization
Nov 4 2013 // Technological innovations are revolutionizing how businesses and consumers operate — prompting quick action from the insurance industry and the government to enable people to adopt and embrace this rapidly emerging...
Armstrong Loses Key Ruling in Bonus Money Fight with Insurer
Nov 1 2013 // A Texas insurance company that specializes in promotions and prizes is closer to forcing Lance Armstrong to return about $12 million in bonuses he was paid for winning the Tour de France while secretly using...
Maryland’s Chesapeake Employers: Business as Usual for Policyholders, Agents
Nov 1 2013 // Maryland’s largest writer of workers’ compensation insurance and the insurer of last resort adopted a new name and a new corporate structure in October. The 99-year-old Injured Workers’ Insurance Fund...
Insurer Alleges Robotic Surgery Firm Lied About Claims
Nov 1 2013 // Intuitive Surgical Inc., the maker of robotic surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid the number of legal claims it might face when buying product liability...
Keystone Insurers Group: Nicoud Insurance Is First Illinois Franchise Partner
Oct 31 2013 // Keystone Insurers Group has welcomed Springfield-based Nicoud Insurance Services as its first franchise partner in Illinois. The announcement was made jointly by the agency’s owners, Jim Hillestad and Tim Nicoud, and...
Bolt Solutions Acquires Online Aggregator Superior Access (SAIS)
Oct 31 2013 // Bolt Solutions Inc., which provides property/casualty insurance online distribution and comparative rating platforms, has acquired Austin, Texas based Superior Access Insurance Services Inc. (SAIS), which it says is the...
