Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
SEC Weighs Exempting Insurance Companies from Volcker Rule
Mar 7 2012 // The top U.S. securities regulator said on Tuesday her agency is exploring whether insurance companies can qualify for a coveted exemption in the proposed Volcker rule that would protect them from having to scale back their...
Tokio Marine Buyout of Insurer Delphi Allowed to Proceed
Mar 7 2012 // A Delaware court on Tuesday denied a request to block the $2.7 billion sale of insurer Delphi Financial Group to Tokio Marine Holdings Inc., brought by pension-fund investors who claim that Delphi’s CEO was unjustly...
Florida Surplus Lines Take-Out Bill Heading for Defeat
Mar 6 2012 // A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up...
Missouri Senator Pushes for Changes to Homeowners Insurance
Mar 5 2012 // After the powerful tornado tore through his southwest Missouri hometown in May 2011, Joplin resident Chuck Surface said he and his wife had to not only rebuild, but spent several weeks trying to figure out how much all the...
Sharing Economy Calls For Insurance Innovation
Mar 5 2012 // How Insurance Helped Getaround Get Going Can technology positively impact a billion people in just 10 years? Possibly, if insurance is available. Consider taking a low-use personal automobile — which might sit idle most...
Texas Company Develops Up-to-Date Property Data for Insurers
Mar 5 2012 // In many ways, insurance is a battle for information. From marketing to underwriting to claims, the ability to know as much as possible about a potential insured, especially for property risks, is vital. With that in mind,...
Going Global
Mar 5 2012 // According to Deloitte’s “2012 Global Insurance Outlook,” emerging property/casualty exposures are prompting coverages for cyber liability, green construction, nanotechnology, global political risk and...
Mississippi Trial to Begin in Frankel, Vatican Fraud Case
Mar 5 2012 // More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and...
Captives Bring Premium Dollars and Jobs to Missouri
Mar 5 2012 // The State Is Serious About Encouraging Captive Growth When it comes to the captive insurance industry, slow and steady growth is just fine with the state of Missouri. But it’s not like the state is reluctant to...
P/C Insurers Face Obstacles on Road to Hard Market
Mar 5 2012 // With interest rates low and looking like they will stay low for some time, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers...
Survey: 51% of Insurers Expect to Increase Staff in 2012
Mar 5 2012 // A new study says 51 percent of the insurance carriers recently surveyed expect to increase staff in the next 12 months. However, it’s not all good news: the survey also found that 19 percent of the carriers expect to...
There’s an App for That: Mobile Phone Quoting
Mar 5 2012 // Don’t be surprised if in the not-too-distant future on a television commercial you see Flo, adorned in her white apron, drop her price scanner and pick up a smartphone, on which she takes a picture of a...
Insurers Face Huge Losses from Latest Deadly Tornadoes
Mar 3 2012 // Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on...
Iran Ship Insurer Vows to Pay Western Claims Despite Sanctions
Mar 2 2012 // Tough new U.S. sanctions against Iran are raising concern that the OPEC member’s insurers may not be able to pay Western claims in the event of an accident, but Iran’s main ship insurer said it is confident it...
Report: Arizona P/C Insurers See Premiums Written Fall and Losses Rise
Mar 1 2012 // A report on Arizona’s property/casualty insurers issued on Thursday shows a drop in written premiums to $7.4 billion, and a large increase in losses incurred to $6.4 billion for 2010. The report, from the Arizona...
Health Insurer Anthem Loses Appeal to Maine Supreme Court
Mar 1 2012 // The Maine supreme court has rejected health insurer Anthem’s claim that it has a right to a 3-percent profit and risk margin when setting individual health insurance premiums. Maine’s insurance superintendent...
Carriers Settle Lawsuit Vs. OC Register For $30M
Mar 1 2012 // Thousands of newspaper carriers have settled their class-action lawsuit against the Orange County Register for a total of $30 million. The carriers alleged that the Southern California newspaper’s parent company...
Insurance Journal Co-Sponsors Study on Agents’ Views on Carriers
Mar 1 2012 // Channel Harvest Research, in partnership with Insurance Journal, has launched a major new study on the Independent Agency System, probing agents’ attitudes toward property/casualty insurance carrier relationships...
Florida May Change Citizens’ Policyholder Assessments
Feb 28 2012 // Funding for the Florida’s state-run property insurer is likely to change as state lawmakers are looking to access the insurer’s total assessment base quicker and give it more time to collect funds in the event...
North Carolina Farm Bureau to Raise Homeowners’ Rates, Drop Policies
Feb 27 2012 // North Carolina’s third largest homeowners insurer is looking to reduce its exposure in the state by increasing rates and rolling back its policyholder numbers, citing steep increases in reinsurance costs. The North...
