Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Damaged Mass. School Delays Reopening, Cites Dispute With Insurer
Apr 5 2012 // The reopening of a Roman Catholic school in Springfield severely damaged by last summer’s tornadoes has been delayed because of a dispute between the diocese and its insurer. Officials with the Diocese of Springfield...
Workers’ Comp Insurer BrickStreet Acquires PennCommonwealth
Apr 5 2012 // Workers’ compensation insurance provider BrickStreet Insurance has acquired a Pennsylvania workers’ compensation company. Charleston, W.Va.-based BrickStreet announced its acquisition of Canonsburg, Penn.-based...
China P&I Club to Stop Indemnity Coverage for Tankers with Iran Oil
Apr 5 2012 // Key ship insurer, China P&I Club, will halt indemnity coverage for tankers carrying Iranian oil as of July amid tightening Western sanctions against OPEC’s second largest oil producer, two club officials told...
Agents Urge Caution on Changes to Missouri Work Comp Insurer
Apr 4 2012 // Some insurance agents are urging caution as Missouri lawmakers considered changes to a state-created workers’ compensation firm that has been criticized by the state auditor for taking advantage of a federal tax...
Large Insurers Anxious As Financial Council Finalizes Systemic Risk Rule
Apr 4 2012 // The U.S. financial risk council approved a final rule on Tuesday laying out how it will decide which financial companies outside the banking industry will face new scrutiny by the Federal Reserve in hopes of preventing a...
Accenture to Team with SAS Institute for Sweden’s Folksam Solvency II Regs
Apr 4 2012 // Global management consulting, technology services and outsourcing company Accenture announced that it will team with SAS Institute “to implement the SAS Risk Management for Insurance solution group-wide at Folksam,...
Allianz Seeking ‘Takeover Gems’ in Post-crisis Financial Wreckage
Apr 4 2012 // Allianz SE, Europe’s biggest insurer, will proceed with caution as it searches for takeover gems among the jetsam washed up by the financial market storm. The German group has said it is ready to come out of its...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 3 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...
Tornadoes Raise Home Insurance Rates in Missouri
Apr 3 2012 // Even Missouri residents who lived nowhere near last year’s deadly tornadoes are writing bigger checks to insure their homes. The state Department of Insurance reports that premiums increased 5 percent between July...
Vt. Court Denies Claim of Slain Girl’s Father, Says Insurer Not Liable
Apr 2 2012 // The Vermont Supreme Court has rejected the appeal of a slain 12-year-old girl’s father who claimed the ex-wife of the man charged in her murder was negligent in his daughter’s death and that her insurance...
CEO of Pennsylvania Insurer Highmark Fired After Assault Charges
Apr 2 2012 // A western Pennsylvania insurance company has fired the chief executive officer who was arrested a week ago after a fight with the husband of an employee with whom he was having an affair. Highmark Inc. announced Sunday...
Bond Insurer Ambac Sues JPMorgan Over Mortgage Losses
Apr 2 2012 // Ambac Financial Group Inc., the bond insurer that last month won court approval to emerge from bankruptcy, has sued JPMorgan Chase & Co. to recover losses on securities it insured that were made by a unit of the former...
MICC Urges MENA insurers to Become National Champions, Regional Players
Apr 2 2012 // A recent bulletin points out that the “future of the MENA [Middle East North Africa] Insurance market remains bright, but the local insurance companies must start their transition from fragmented companies to become...
PwC, CBI Survey Finds, Growth ‘Modest Optimism’ in UK Financial Services
Apr 2 2012 // A new survey, released by PricewaterhouseCoopers LLP (PwC) and the Confederation of British Industry (CBI) highlights an “unexpected rise in employment,” as well as growth and “modest optimism” in...
Regulators and the Business of Climate Change-Related Risk
Apr 2 2012 // For more than three years, a handful of insurance regulators and global warming activists have been trying to prod the insurance industry into taking unspecified action to address the “risks” associated with...
CEO of Pennsylvania Insurer Highmark Charged With Assault
Mar 30 2012 // The chief executive officer of a major western Pennsylvania insurance company is facing charges of simple assault and defiant trespass relating to a fight with the husband of an employee he was having an affair...
IBM’s Algorithmics, Insurers Analyze Solvency II Compliance Preparation
Mar 30 2012 // Despite delays and complaints the European Union’s Solvency II regulations, which cover the insurance industry, are slowly but surely moving forward. While most of the industry is primarily concerned with the...
Missouri Workers’ Comp Insurer To Pay $2M Dividend
Mar 29 2012 // Missouri Employers Mutual Insurance Co. says it will pay more than $2 million in dividends this spring to more than 11,000 policyholders. The Columbia-based workers’ compensation insurance company says the payments...
Southeast Non-Standard Auto Insurer Peachtree Acquired by California Firm
Mar 29 2012 // A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard market. Peachtree Casualty Insurance Co. is...
Philadelphia Insurance Companies Announces Promotions
Mar 26 2012 // Philadelphia Insurance Companies announced promotions for three marketing executives. Brian O'Reilly Brian O’Reilly has been promoted from senior vice president of marketing to senior vice president of the eastern...
