Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Average Obamacare Premiums Will Be Lower Than Projected
Sep 25 2013 // By Julie Appleby and Phil Galewitz Kaiser Health News Staff Writers Just days before new online health insurance markets are set to open, the Obama administration Wednesday released a look at average premiums, saying rates...
Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster
Sep 25 2013 // Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate...
N.J. Bill Seeks to Strengthen Homeowners’ Cases Against Insurers in Civil Court
Sep 24 2013 // New Jersey Assemblyman Reed Gusciora (D-Mercer/Hunterdon) last week proposed a bill aimed at strengthening homeowners’ cases against their insurers in civil lawsuits. Assemblyman Gusciora said the bill (A-4382) would...
NJM, Everett Cash Mutual Join NAMIC’s ‘Century Club’
Sep 24 2013 // The National Association of Mutual Insurance Companies (NAMIC) announced that two Northeast-based member companies, New Jersey Manufacturers Insurance Company and Everett Cash Mutual Insurance Company, will be joining...
Nonprofit Health Insurance Company Forming in Wisconsin
Sep 24 2013 // Business leaders and community organizers in Milwaukee, Wis., have formed a nonprofit health insurance company to provide coverage to small businesses and individuals. Common Ground Healthcare Cooperative is one of 24...
Maryland’s IWIF to Convert to Private, Not-for-Profit Insurer on Oct. 1
Sep 24 2013 // On Oct. 1, IWIF, Maryland’s largest provider of workers’ compensation insurance, will launch a new name and corporate structure as a private, not-for-profit company. As a result of legislation passed by the...
ProAssurance to Acquire Workers’ Comp Insurer Eastern Holdings
Sep 24 2013 // Medical professional liability insurer ProAssurance Corp. said it is acquiring monoline workers’ compensation insurer Eastern Insurance Holdings Inc. in an all-cash transaction that values Eastern at $24.50 per...
Surplus Lines Took Hit from Sandy in 2012 But Appears Back on Track in 2013
Sep 23 2013 // Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade. Much of the...
ANV’s CEO Matt Fairfield Tells What it’s Like to Run a Global Insurer
Sep 23 2013 // R. Matthew “Matt” Fairfield, the Founder and CEO of ANV, is the epitome of a global insurance executive. He lives in Spain, runs a company based in the Netherlands, which in turn runs a Lloyd’s syndicate...
Anticipation
Sep 23 2013 // The fight against insurance fraud never ends. And despite efforts to combat fraud most insurers anticipate an increase in fraud. One in three U.S. and Canadian insurers do not feel adequately protected against fraud,...
Bloggers Beware: Defamation Claims Brought by Public Figure Plaintiffs
Sep 23 2013 // It takes thick skin to be in the public eye. As Supreme Court Justice Antonin Scalia once observed, “harsh criticism, short of unlawful action, is a price our people have traditionally been willing to pay for...
Deciphering the Texas Supreme Court’s Decision in Lennar v. Markel
Sep 23 2013 // When the Texas Supreme Court decides to look at controversial insurance coverage issues, you can assume that their decisions will never be boring. Such was the case in its Aug. 23 decision in Lennar Corp. v. Markel...
Florida’s Citizens Has New Plan to Shift 200,000 Policies to 8 Private Insurers
Sep 22 2013 // Florida’s largest insurer could be shifting thousands more of its policyholders away from the state-created company and into private insurance companies. The head of Citizens Property Insurance Corp. announced Friday...
New Rules for Civil Settlement in Illinois: What Defendants and Insurers Need to Know
Sep 20 2013 // On August 26, 2013, Gov. Quinn signed into law Public Act 098-0548, which amends the Illinois Code of Civil Procedure, and creates a new statutory section addressing settlements and liens in civil cases. The new statute,...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
Sep 20 2013 // The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers’ CEO Jay Fishman explained his company’s personal auto strategy at the Barclays...
N.Y. Proposes Sweeping Rules to Reform ‘Force-Placed’ Insurance Business
Sep 19 2013 // New York State officials today proposed a comprehensive set of rules to reform the “force-placed” — also known as “lender-placed” or “creditor-placed” — insurance industry in...
Best Affirms Donegal Insurance Group Ratings; Outlook Stable
Sep 19 2013 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Pennsylvania-based members of the Donegal Insurance Group, as well as...
Brokers Urge Renewal of ‘Essential’ Federal Terrorism Insurance
Sep 19 2013 // The federal Terrorism Risk Insurance Act (TRIA) is a “model” for public-private cooperation and should be renewed, insurance broker Marsh told lawmakers on Capitol Hill. Peter J. Beshar, executive vice...
MetLife Says Regulators May Miss Key Insurer Risks with Focus on Bank Rules
Sep 19 2013 // Federal regulators may miss important threats to the financial stability of U.S. insurers by focusing on bank risks, MetLife Inc. Chief Financial Officer John Hele said. “Bank rules overlook key insurance...
UK Regulator Investigates 2 Life Insurers over Banned Sales Commissions
Sep 19 2013 // Britain’s financial regulator is investigating whether two life insurance companies breached new rules that ban the offering of commissions to financial advisers for selling their products. The Financial Conduct...
