Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Wal-Mart, Liberty Mutual Insurers Settle Over Tracy Morgan Crash
Aug 8 2017 // Wal-Mart Stores Inc. has settled a lawsuit by two insurers that sought to avoid covering its multimillion-dollar payout to comedian Tracy Morgan for injuries he suffered in a 2014 crash involving one of the...
Normandy Insurance Company Now Writing Workers’ Comp in Pennsylvania
Aug 7 2017 // Normandy Insurance Company, a Deerfield Beach, Fla.-based workers’ compensation carrier, is now offering coverage plans to small, mid-size and large businesses in Pennsylvania. This marks the third major expansion by...
Travelers Completes Purchase of UK Small Business Insurer, Simply Business
Aug 7 2017 // The Travelers Cos. has completed its previously announced acquisition of Simply Business, a provider of small business insurance cover in the United Kingdom, which offers products online on behalf of a broad panel of...
Judge: Insurer Off the Hook for Payment in Ohio Arson Case
Aug 7 2017 // A judge has ruled that an insurance company doesn’t have to pay an Ohio man accused of burning down his house. The ruling came on July 14 in southwest Ohio’s Butler County in a civil lawsuit filed by the...
How to Catch Commercial Auto Use Fraud
Aug 7 2017 // Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is a personal vehicle instead of the commercial work truck it really is, who...
‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers
Aug 7 2017 // Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...
How Insurers Can Tap into New Revenue Streams by Using ‘Data Exhaust’
Aug 7 2017 // The chief executive officer of Quandl is on a mission to let insurance companies know that their data is valuable and professional investors will pay them for it. But a lot of insurers are oblivious to that...
Insurers Respond to Rising Claims Abuse
Aug 7 2017 // Whenever severe weather strikes and there is property damage, insurers are among the first responders to help throughout the recovery process. However, in too many cases, some shady contractors, public adjusters and...
California Commissioner Counters AGs, Other Commissioners over Climate Initiative
Aug 7 2017 // California Insurance Commissioner Dave Jones fired off a letter to the 12 oil state attorneys general and one governor from states like Texas and Oklahoma over threats to sue him if he did not stop his Climate Risk Carbon...
Court: Insurer Off the Hook for $500K Settlement to Florida Spa Guest
Aug 7 2017 // A federal appeals court ruled that Evanston Insurance Co. doesn’t owe a $500,000 settlement that a Florida spa owner agreed to pay to a woman who suffered a stroke during a massage. The decision, issued in an...
Beacon Mutual’s New CEO Spero: ‘We’re Within an Hour of Every Policyholder’
Aug 4 2017 // The board of directors of Beacon Mutual Insurance Company, a Warwick, R.I.-based workers’ compensation carrier, has elected Brian Spero as president and CEO of the company, effective in July. Beacon’s board...
Captive Insurers Repeat Strong Financial Performance: A.M. Best
Aug 4 2017 // U.S. captive insurance companies rated by A.M. Best ended 2016 in strong form, with a 16 percent year-over-year increase on pretax operating income to $1.6 billion, which included more than $803 million in underwriting...
AIG Joins Other Insurers in Moving Away from Financial Forecasts
Aug 4 2017 // Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned by goals that proved...
Senators Weigh Bipartisan Effort to Save Health Insurer Subsidies
Aug 4 2017 // A bipartisan Senate effort to continue federal payments to insurers and avert a costly rattling of health insurance markets faces a dicey future. The uncertainty shows that last week’s wreck of the Republican drive...
MJ Insurance, Butler University Launch Student-Run Insurance Company
Aug 4 2017 // MJ Insurance announced it has launched MJ Student-Run Insurance Company Ltd. at Butler University in Indianapolis. Butler’s Lacy School of Business originated the insurance company to provide students with real-world...
Report Calls out $361M of Euro Insurer Assets in Expanding Coal Concerns
Aug 3 2017 // A climate activist group is calling out a handful of European insurers for having significant holdings in fossil fuels despite pledges by the companies to be more climate friendly. A report released today alleges that...
Washington School District’s Insurer to Pay $18M in Shooting Settlement
Aug 2 2017 // The families of five Washington state high school students shot in a high school cafeteria in 2014 have settled a lawsuit against the school district’s insurance company for $18 million. Attorney Lincoln Beauregard,...
Insurer Threatens to Sue if Pennsylvania Tries to Take $200M
Aug 2 2017 // An organization created by state law to offer medical malpractice insurance is threatening to sue if Pennsylvania state government tries to take $200 million from it. The nonprofit Pennsylvania Professional Liability Joint...
Delaware Governor Carney Signs Insurance Consumer Fairness Bill
Aug 2 2017 // On Tuesday, August 1, 2017, Delaware Governor John Carney signed into law House Substitute 1 for House Bill 80 (HS 1 for HB 80), a consumer fairness bill that targets unfair discriminatory practices by automobile and...
Compare.com Is Proof Insurance Disruption Won’t Happen Overnight: CEO Rose
Aug 2 2017 // Disrupting an industry that has been doing things the same way for a generation takes time. Take it from one major insurance disruptor – compare.com. The online insurance comparison marketplace launched in the U.S. in...
