Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Massachusetts Health Insurer Ends Coverage of Compounded Drugs
Jun 14 2013 // The second largest health insurer in Massachusetts has announced that it will no longer cover specialty medications known as compounded drugs, months after a deadly nationwide meningitis outbreak was traced to a...
Small Health Insurers Assuming Big Role In Many States Under Obamacare
Jun 14 2013 // When the state of Mississippi begins offering subsidized health insurance under President Barack Obama’s reform law this year, residents will have only one choice – Magnolia Health Plan – a small insurer...
Research Shows Customer Engagement Makes Major Impact on Insurance Consumers’ Buying Decisions
Jun 13 2013 // Richardson, TX, 6/13/13 – KBM Group, a marketing services company specializing in helping companies with customer engagement strategies, is releasing results of its independent research on the impact customer engagement...
N.Y. Says Life Insurers’ Use of ‘Shadow Insurance’ Could Hurt Policyholders
Jun 12 2013 // New York State’s financial regulators issued a report today that found a widespread use of captive, reinsurance entities by New York-based life insurance companies. Calling these arrangements “shadow...
New Survey Explores How Carriers Support Agency Growth Strategies
Jun 12 2013 // Carriers can be instrumental in helping agencies grow through referrals, expanded coverages, and clear business line or geographic expansion planning Despite the challenges facing the industry and the broader economy, two...
Burand’s Agency E&O Blog: Tip #35
Jun 12 2013 // Carrier Rating Notifications. What responsibility does an agency have to notify clients of carrier ratings? On new business, it is a good idea to list the carrier’s rating. However, if the carrier has an A.M. Best...
Geneva Association’s Fitzpatrick on Systemic Risks, Nat Cats, ILS, Cyber Risks
Jun 11 2013 // When the Geneva Association’s presentation on how and why governments and re/insurers need to work more closely adjourned, we were able to talk to the organization’s Secretary General, John Fitzpatrick, a...
14 Insurers File to Be on Michigan Health Exchange
Jun 10 2013 // Fourteen health insurance companies have filed to offer plans through a new Michigan insurance market being created under the federal health care law. The state Department of Insurance and Financial Services says it...
U.S. Insurers Financially Prepared for Hurricanes in 2013: Fitch
Jun 7 2013 // There is sufficient capacity available in insurance and reinsurance markets to provide sufficient coverage and withstand potential losses from hurricane related perils this storm season, according to Fitch Ratings’...
South Dakota Gov. Questions Complaint Probes Against Insurers
Jun 6 2013 // Gov. Dennis Daugaard has asked South Dakota Labor Secretary Pam Roberts to review her agency’s procedures for investigating consumer complaints against insurance companies. The move comes after the Argus Leader...
Governments and Re/Insurers Should Work Together to Face Rising Disaster Costs
Jun 6 2013 // A presentation from the Geneva Association (GA), the international insurance think tank for strategically important insurance and risk management issues, calls for a long awaited dialogue between the industry and all...
4 Insurance Companies Interested in Arkansas Exchange
Jun 5 2013 // Four insurance companies plan to sell their policies to more than 500,000 Arkansas residents through an online marketplace created under the federal health care law, the state Insurance Department announced. The department...
R.I. GOP Chair: Default on 38 Studios Bonds, Insurers Will Pay Bondholders
Jun 5 2013 // Rhode Island’s Republican Party chairman has joined the call for the state to default on the money it owes for its failed investment in former Red Sox pitcher Curt Schilling’s bankrupt video game company. Mark...
Some Carriers Opt Out of Minnesota Insurance Marketplace
Jun 5 2013 // With just four months to go before Minnesota’s health insurance exchange goes live, it remains to be seen how many new choices consumers will get. The companies that will offer competing plans via MNsure...
N.Y. Assembly Approves a Flurry of Post-Sandy Insurance Reform Bills
Jun 5 2013 // The New York State Assembly approved on Tuesday a comprehensive post-Sandy insurance reform package comprised of 14 pieces of legislation. All approved measures now move to the state Senate for further consideration. The...
Mortgage Insurer Triad Guaranty Files for Bankruptcy Protection
Jun 4 2013 // Triad Guaranty Inc., a residential mortgage insurer, sought bankruptcy court protection from creditors, citing losses related to the U.S. economic slowdown, housing crisis and unemployment. The company, based in...
Insurer Fairfax Appeals SAC’s Dismissal From New Jersey Suit
Jun 4 2013 // Insurer Fairfax Financial Holdings Ltd. asked a New Jersey appeals court to reinstate its lawsuit against Steven A. Cohen’s SAC Capital Advisors LP claiming a campaign of false negative information. The appeal, filed...
As Hurricane Season Opens, Florida’s Citizens Touts Depopulation Deals
Jun 4 2013 // Officials at Florida’s property insurer of last resort say that it is entering the 2013 hurricane season in improved financial condition thanks in part to various private insurer policy takeouts. Those takeouts have...
Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs
Jun 4 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says...
Insurers Sue Over Southern California School Abuse Settlement
Jun 3 2013 // Seven insurers have sued the Los Angeles school district to avoid paying a $30 million settlement to 58 alleged victims of child abuse at an elementary school. The insurers claim there was no relevant coverage under the...
