Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Q&A With Attorneys on Emerging Business Insurance Topics
Nov 13 2012 // As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance...
Oregon Insurers Sue Landowners in Ashland Fire
Nov 13 2012 // Insurance companies that paid $1.7 million to six homeowners in a fire blamed on a homeless Ashland, Ore. man have sued the owners of a vacant lot where the fire started. The Ashland Daily Tidings reported the suit alleges...
Louisiana’s State-Run Property Insurer $56M in the Red
Nov 12 2012 // Louisiana’s state-run property insurer of last resort is $56 million in the red, after it covers claims for Hurricane Isaac and settles class-action lawsuits for improper handling of past storm claims. Steve...
Navigating Claims Process Can Be a Challenge for Homeowners
Nov 12 2012 // People looking to rebuild their lives after Superstorm Sandy destroyed and damaged their homes may now have another struggle on their hands: Navigating the often-frustrating claims process with their insurance...
Insurer ING US Files for IPO
Nov 12 2012 // ING U.S. Inc, a unit of Dutch financial services group ING Groep NV, filed to raise up to $100 million in an initial public offering as its parent complies with a European Union mandate to split its businesses. ING Groep...
Philadelphia Insurance Companies Names New CEO
Nov 9 2012 // Bala Cynwyd, Penn.-based Philadelphia Insurance Companies said Chairman and Chief Executive Officer Jamie Maguire will be stepping aside as CEO at the end of this year. He will remain as chairman of the board. Sean...
Superstorm Sandy Stress Scenarios Won’t Impact Insurer Ratings: Fitch
Nov 8 2012 // Even an extreme $40 billion scenario for property/casualty insurance industry losses from Hurricane Sandy would not drive material rating changes for insurers, analysts at Fitch Ratings said today. In a report providing a...
Insurer Aviva Nearing Sale of U.S. Business
Nov 8 2012 // Aviva, the UK’s second-biggest insurer, is closing in on the sale of its underperforming U.S. business, a key part its drive to strengthen its finances in an uncertain economic climate and revive its share price. The...
Consumer Group Asks Officials to Monitor Deductibles, ACC Clauses
Nov 7 2012 // A consumer advocacy group has sent letters to government officials in the northeastern states, urging officials to monitor how insurers handle claims after Superstorm Sandy. The group, the Consumer Federation America...
Insurer Seeks Delay in Landmark Wyoming Hotel Arson Suit
Nov 7 2012 // An insurance company is asking a federal judge in Cheyenne to delay a lawsuit over a disputed insurance claim in a 2010 fire that destroyed a landmark Wyoming hotel. National Security Corp. has asked U.S. District Judge...
Foreign Insurers Enter Myanmar Market with Hope, Caution
Nov 7 2012 // The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential Plc, AIA Group Ltd and Manulife...
Attorney’s Advice to Insurers on Reducing Class Action Exposure Post-Sandy
Nov 6 2012 // A veteran attorney who spent several years defending insurance companies in lawsuits from Hurricane Katrina is offering advice to insurers on class action and bad faith exposure post-Sandy. Insurers will be denying claims...
State Elections to Decide Insurance Commissioner, Ballot Initiatives, Court Contests
Nov 5 2012 // For the insurance industry, there is more at stake in the Nov. 6 election than who goes to or stays in the White House and Congress. The insurance industry will be watching who wins the gubernatorial races in 11 states,...
Program Business Hits $24.7B in 2011: Study
Nov 5 2012 // The program business market reached $24.7 billion in gross written premiums in 2011, up from $22.6 billion in 2010, according to a new industry study. Premium revenues increased 5 percent, according to the “State of...
Sandy Losses Within Hurricane Models, Manageable: Reinsurer Hiscox
Nov 5 2012 // Superstorm Sandy won’t put insurers’ finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox , the biggest London-listed reinsurer, said on...
Insured, Uninsured Sandy Victims Try to Get Through
Nov 5 2012 // Standing in the driveway next to the charred shell of his house on Long Beach, Long Island, with the hood open to his water-logged, brand-new 2012 Subaru Outback, Bill Long heard the words so many in the path of superstorm...
Some Sandy Victims Wait As Insurance Adjusters Wait for Access, Prioritize Claims
Nov 5 2012 // Pat Groover called her insurance company on Tuesday morning, the day after a massive tree gave in to storm Sandy’s winds, ripped the front off a neighbor’s house and pulled siding and gutters off of...
P/C Insurers Can Handle Sandy Losses: A.M. Best
Nov 5 2012 // Ratings analysts at A.M. Best Co. said it is likely that the brunt of Hurricane Sandy’s financial impact will fall on the National Flood Insurance Program (NFIP), which is responsible for almost all flood coverage in...
Surplus Lines: Regulators Vetting of Alien Nonadmitted Insurers
Nov 5 2012 // The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) delegated to the NAIC responsibility for...
Insurer Drops Nebraska Man’s Policy Because of Police Dog, Then Apologizes
Nov 5 2012 // An insurance company that canceled the homeowner’s policy of a Nebraska sheriff’s deputy because of his K-9 unit dog said it’s looking to change its practices regarding police dogs. American Family...
