Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Low Interest Rates Biggest Risk for Europe Insurers, Eiopa Says
Dec 12 2013 // Low interest rates are the biggest risk for European insurers and pension funds, weighing on sales of retirement products, the region’s top industry supervisor said. Interest rates are “putting pressure mostly...
Florida Agents Near Deadline to Accept Citizens’ Appointment
Dec 11 2013 // Florida insurance agencies and agents have just a few days left to decide whether or not to agree to the state-backed property insurer’s new appointment guidelines. Citizens Property Insurance Corp. revamped its...
Florida’s Citizens Delays Launch of Clearinghouse
Dec 11 2013 // Florida’s state-backed property insurer officials announced they are delaying the launch of a new web-based clearinghouse in order to ensure it is working efficiently and to allow more private insurers to...
Mass. AG Coakley Urges Greater Transparency for Auto Insurance Surcharges
Dec 10 2013 // In an effort to implement greater protections and transparency for drivers who face auto insurance surcharges, Massachusetts Attorney General Martha Coakley is urging the state legislature to implement changes to the law...
Frustrated Insurance Brokers Say They Can Help Obamacare If Allowed
Dec 10 2013 // When insurance agent Kelly Fristoe recently spent 30 minutes helping a client pick a mid-level health plan and the federal marketplace website froze, he called the government’s hotline and tried to finish the...
Title Insurer Fidelity National Weighs Selling Assets
Dec 10 2013 // Fidelity National Financial Inc., the title insurer that also has restaurant businesses and an auto parts company, hired JPMorgan Chase & Co. to review possible divestitures of assets. The insurer will consider...
Iowa Insurer Pokes Fun at Federal Website in Ads
Dec 9 2013 // The television ads produced by a Midwest insurance company show a series of medical mishaps: a man kicking the wrong leg in a reflex check, a urine sample bottle that won’t open for a frustrated patient and a blood...
Texas to Workers’ Comp Carriers: Direction of Care for Pharmacy Services Prohibited
Dec 9 2013 // The Texas Department of Insurance Division of Workers’ Compensation has sent a reminder to Texas workers’ compensation system participants that insurance carriers, including their agents, are prohibited from...
New York Insurers Predict Spike in Health Exchange Use
Dec 6 2013 // Two start-up insurers in the New York health exchange, one promising unlimited telemedicine, say customer queries have been rising rapidly and they expect enrollment spikes by the new Dec. 23 deadline for coverage next...
Travelers Sues British Insurance Company Over Umbrella-Shaped Logo
Dec 5 2013 // The Travelers Companies recently sued London, U.K.-headquartered financial services and insurance company Legal & General Group PLC (L&G Group) and its affiliates over the British company’s use of an...
Insurer Geico Plans to Add Up to 1,000 Texas Jobs
Dec 5 2013 // The insurance company Geico plans to open a claims center in suburban Houston that will employ up to 1,000 people. The company announced that the positions will range from entry-level to what Geico describes as...
U.K. Insurers to Invest $41 Billion in Infrastructure
Dec 4 2013 // The U.K.’s largest insurance companies will invest £25 billion ($41 billion) in infrastructure, as the government prepares to update its plan for projects from energy and transport to communications. The government...
MTA’s Captive Insurer FMTAC Comments on Coverages for Train Derailment
Dec 3 2013 // New York’s Metropolitan Transportation Authority (MTA) has a wholly owned insurance subsidiary, a captive insurer called the First Mutual Transportation Assurance Company (FMTAC), that will provide part of the...
Texas Regulators Post Summaries of Property/Casualty Insurance Bills for 2013
Dec 3 2013 // The Texas Department of Insurance has posted information and brief summaries of selected bills enacted during the 83rd Legislative regular session that relate to property/casualty insurance. The bills listed may require...
Chamber Calls for Stricter Rules on Systemic Risk Designations on Insurers
Dec 3 2013 // The U.S. Chamber of Commerce is calling for rules that would make it more difficult for a group of regulators to subject financial companies to stricter oversight. A vote of three-quarters of the Financial Stability...
Immediate Notice Required, Euthanasia Allowed in Equine Mortality Policies
Dec 3 2013 // The main difference between livestock, or equine, mortality insurance and human life insurance is that a livestock owner, subject to certain conditions, may sometimes euthanize the animal and still collect policy proceeds,...
Iran Oil Shipping Insurance Sanction Relief Not Likely Any Time Soon
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover. A...
Independent Agents, Regional Carriers, Innovation and Excellence
Dec 2 2013 // Insurance organizations that are local or regional are a part of the largest segment of employers in the American economy. Why should they exist and succeed in a world where bigger is associated with better? Their success...
E&O Insights: How to Minimize E&O When Selling Employee Benefits
Dec 2 2013 // Agencies involved in the sales and service of employee benefits know that the issue of errors and omissions (E&O) is very real — and that proper steps must be taken to minimize that exposure. Many in the employee...
Program Market Growth: New Study Shows Business Up 10%
Dec 2 2013 // Program insurance premium revenues increased 10.8 percent in 2012, more than three times the rate of premium growth in the overall commercial insurance markets, according to results from a recent survey by the Target...
