Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
West Virginia Permits Access to Driver’s Insurance Information Before Lawsuit
Apr 13 2012 // Individuals in West Virginia involved in a traffic accident will soon be able to access the other driver’s insurance coverage before filing a lawsuit under a new disclosure law. Gov. Earl Ray Tomblin signed into law...
Japanese Insurers to Limit Iran Oil Voyages in Mideast Gulf – Sources
Apr 13 2012 // Japanese insurers are warning ship owners that they will only cover one tanker at a time carrying Iranian crude oil through the Middle East Gulf due to tightening Western sanctions against OPEC’s second biggest...
Survey: Why Agents and Customers Choose Higher-Priced Insurers
Apr 12 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...
Japan P&I Club Ship Insurer Sets New Rules on Iran Oil Transport
Apr 11 2012 // Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said. The United States...
Severe Weather Has Home Insurers Rethinking Coverages
Apr 10 2012 // As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance...
California Workers’ Comp Reform Taking Shape – Again
Apr 10 2012 // At a recent joint hearing in Sacramento on workers’ compensation in California with the Assembly and Senate, statistic after statistic flew out of the mouths of speaker after speaker during the nearly four-hour...
Force-Placed Insurers on Hot Seat as N.Y. Regulators Expand Probe
Apr 6 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...
Missouri Senate Backs Study of State-Created Workers’ Compensation Insurer
Apr 6 2012 // The Missouri Senate has endorsed the establishment of a special committee to study whether to change a state-created workers’ compensation insurer. Senators gave initial approval on April 4 to a bill creating a...
Minnesota Court: Insurer Must Provide Benefits After Gender Change
Apr 6 2012 // A federal judge in Minneapolis, Minn., has ruled a health insurer improperly denied benefits to a spouse who had undergone a sex change operation. U.S. District Judge Michael Davis said the health plan administrator for a...
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,...
