Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.Y.-Based Specialty Insurer Assurant Turns 120 Years Old
Apr 19 2012 // Assurant, a New York-based provider of specialty insurance and insurance-related products and services, celebrated its 120th anniversary Wednesday by ringing the ceremonial closing bell at the New York Stock Exchange,...
Best’s Special Vietnam Report Sees Continued Strong Growth
Apr 19 2012 // Vietnam’s insurance market has experienced strong double-digit premium growth in recent years and demand for insurance product is forecasted to continue, according to a recently released special report from A.M. Best...
Travelers Cos. to Kick Off P/C Insurers’ Q1 Earnings Season This Week
Apr 18 2012 // The Travelers Companies Inc. will kick off property/casualty insurers’ 2012 first-quarter earnings season Thursday, April 19, when the company reports its 2012 first three month results. Travelers is the first major...
Ex-W.Va. Nonprofit Director Wins Federal Appeal Against Insurer
Apr 18 2012 // A federal appeals court says an insurance company should have represented a former director of a West Virginia nonprofit organization in a civil lawsuit. The 4th U.S. Circuit Court of Appeals in Richmond, Va., sided with...
Is Marine Insurance the Stranglehold on Iran?
Apr 18 2012 // Marine insurance, or lack of it, may yet turn out to be the most effective sanction used by Western nations in 17 years of tightening the screws on Iran’s nuclear program. A European Union oil embargo on Iran, set to...
Southeast Insurance Employment: Agency, Carrier Plans Brighten Picture
Apr 18 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
U.S. Re Analytics Launches Cost-Saving Tool for Cat-Exposed Insurers
Apr 17 2012 // U.S. RE Analytics, LLC has developed a new tool to help catastrophe-exposed insurance companies reduce reinsurance costs and improve return on risk-adjusted capital, according to Anya Kutsina, managing director. U.S. RE...
Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net...
West Insurance Employment: California Job Market to Stay Soft
Apr 17 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data...
Insurance Employment Report: Jobs Outlook Improving, Slowly
Apr 16 2012 // Looking for work can be an exhausting, soul-draining endeavor during the best of economic times. It goes without saying that job searching is considerably more challenging these days, when the U.S. unemployment rate is...
North Carolina Auto Insurance Reform Postponed Until Next Year
Apr 16 2012 // North Carolina lawmakers have decided to postpone any major effort to reform the state’s automobile insurance market until next year citing the complexity of the subject and a lack of time due to a shorten...
Insurance Premiums Climb to a Record $30B in Missouri in 2011
Apr 16 2012 // Missouri experienced a number of insurance industry “firsts” in 2011, including a record number of premium sales dollars, the largest-ever amount in claims paid for a single event in the state, and an...
Washington Mutual Sues Its D&O Insurers
Apr 16 2012 // Washington Mutual Inc. recently filed a lawsuit against a dozen insurance companies that had provided directors’ and officers’ coverage. The troubled bank holding company that just completed its Chapter 11...
N.Y. Regulators Expand Probe Into Force-Placed Insurers
Apr 16 2012 // New York regulators are expanding their investigation into the so-called force-placed insurance that target homeowners in financial distress. Benjamin Lawsky, the state’s superintendent for the financial services...
160-Year Old Hanover Insurance Group Retaking Its Place as P/C Industry Leader
Apr 16 2012 // (A full version of this article, as well as exclusive podcasts featuring Hanover CEO Frederick Eppinger, is available on InsuranceJournal.com) Eight out of 160 years of history may not seem like a big deal but for Hanover...
Why Agents and Customers Choose Higher Prices
Apr 16 2012 // Insurance customers are price-sensitive shoppers, and they have become more so given the financial pressures of the struggling economy. Many observers fear that standard coverage is becoming commoditized to the point where...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Agents Urge Caution on Changes to Missouri Work Comp Insurer
Apr 16 2012 // Some insurance agents are urging caution as Missouri lawmakers consider changes to a state-created workers’ compensation firm that has been criticized by the state auditor for taking advantage of a federal tax...
Cap on Subsidy of Crop Insurance Premiums Would Save $1 Billion: GAO
Apr 13 2012 // A cap on crop insurance premium subsidies could save the federal government up to $1 billion a year, according to a government report. If a limit of $40,000 had been applied to individual farmers’ crop insurance...
Are Some Insurers ‘Globally Systemic Important Financial Institutions?
Apr 13 2012 // A report from the Geneva Association, “Reflections on a High-Quality G-SIFI Designation Process in Insurance,” authored by Daniel Haefeli and Patrick M. Liedtke, gives some meaningful insights into the process...
