Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Top 30 Homeowners Insurers Q2 2013: SNL Financial
Oct 24 2013 // Top Homeowners Insurers Q2 2013: SNL Financial
Program Business Market Grows 10% to $27B, TMPAA Study Finds
Oct 23 2013 // The Target Markets Program Administrators Association (TMPAA) released the results of its annual research to document the size, characteristics, growth and other base-line information about the program insurance market....
Willis to Allocate Share of London Business to Pre-Selected Insurers
Oct 22 2013 // Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers. Underwriters in the...
P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson Survey
Oct 22 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...
For Some Sandy Victims, Flood Insurance Payouts Fall Short
Oct 21 2013 // Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their repairs, and consumer advocates put some of the blame on errors by the multitude of...
Insurer Plans IPO Despite Not Making Profit Yet
Oct 21 2013 // NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public offering without posting...
Insurer Complaints
Oct 21 2013 // It’s no surprise that claims handling ranks in the top 10 when it comes to insurer complaints, but producer licensing issues also appear to be a top grievance. According to a new report by Waltham, Mass.-based...
The Future is Now for Usage-Based Auto Insurance
Oct 21 2013 // Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto...
Product Recall Capacity Needed for Life Sciences Segment
Oct 21 2013 // The life sciences industry has seen a dramatic increase in product recalls, and while insurance capacity for the life sciences industry generally has been increasing, insurers have been wary about offering more product...
Insurer Auditor, Others Sentenced for Workers’ Comp Fraud
Oct 21 2013 // A former workers’ compensation auditor in West Virginia has been sentenced to six years in federal prison for taking bribes in exchange for allowing coal company contractors to underreport their payroll. Prosecutors...
Is Private Market an Option for Florida Flood Insurance?
Oct 21 2013 // With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are considering ways to open up the market to private insurers. Industry experts, however, say...
Prudential Drops Its Fight Against Systemic Risk Designation
Oct 20 2013 // Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory oversight. The insurer opted...
Allianz CEO Says New Regulation to Create Room for Acquisitions
Oct 17 2013 // Allianz SE’s CEO Michael Diekmann said tougher financial regulation will create takeover opportunities for Europe’s biggest insurer. “If Solvency II and Basel III mean more capital, then it’s hard...
Connecticut Announces Its 3rd Licensed Captive Insurance Company
Oct 16 2013 // Connecticut Gov. Dannel P. Malloy announced last week that the corporate owner of one of the largest grocery store chains in New York City is setting up its captive insurance subsidiary in Connecticut. The Red Apple Group,...
Study: Michigan Auto Costs Can Drop if Lifetime Care Stays
Oct 16 2013 // Michigan can lower auto insurance premiums without making major changes to the state’s no-fault system proposed in legislation that has stalled for months, according to a nonpartisan report issued Oct. 14. The...
A.M. Best, Fitch Explain Recent Downgrades of Tower Group
Oct 16 2013 // Rating agencies have downgraded Tower Group following the insurer’s announcement of loss reserve and goodwill charges in excess of what was expected. Tower has said that the company’s board of directors is...
TVA’s Insurer Ordered to Pay $42 Million Toward Ash Spill Cleanup
Oct 16 2013 // About $42 million has been recovered in the last week by the Tennessee Valley Authority to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the Kingston Fossil Plant. The...
Top Excess & Surplus Insurers by Market Share: SNL
Oct 15 2013 // Source: SNL Financial
IAIS Plan for Re/Insurers’ Systemic Risks ‘Debatable’ Says UK Expert
Oct 15 2013 // “The IAIS, with its proposal for additional risk-adjusted capital rules for major re/insurers, seems to be joining the regulatory bandwagon for seeing these as a potential source of threat to the global financial...
Best Report: European Insurers See Improvements; Challenges Remain
Oct 15 2013 // European non-life and life insurers “are benefitting from a more stable economic environment, although they continue to adjust product offerings and adapt reinsurance purchasing in response to the low-yield...
