Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Louisiana Police Jury Seeks to Recover Stolen Money, Sues Insurer
Sep 16 2016 // The Rapides Parish Police Jury has hired a law firm to try to recover money they say was stolen from the District Attorney’s Office by an employee. The police jury, which is the governing authority for the parish,...
New York Regulators Announce Emergency Measure to Protect Some Health Insurers
Sep 16 2016 // New York’s Department of Financial Services has issued an emergency regulation intended to help the state’s health insurers deal with a federal requirement that puts some under sharp financial stress. The...
New York Proposes ‘Flexible’ Cybersecurity Regulation for Insurers, Banks
Sep 15 2016 // The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing...
Carrier to Exit New Jersey Health Exchange Marketplace
Sep 14 2016 // State officials say a health insurance carrier is leaving New Jersey’s health exchange marketplace created under the Affordable Care Act, or ACA. Officials with Health Republic of New Jersey say the insurance co-op...
Re/Insurers May Be Entering Reserving ‘Danger Phase’: JLT Re Execs
Sep 14 2016 // Re/insurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked well to compensate for low investment yields and soft...
UK Auto Insurer Esure to Spin Off Gocompare.com Unit
Sep 13 2016 // Esure Group Plc climbed to the highest since June 30 after the U.K. automotive insurer announced a plan to demerge its price-comparison website Gocompare.com through a separate listing on the London Stock Exchange. The...
Powell Named Missouri VP for Keystone Insurers Group
Sep 13 2016 // Keystone Insurers Group has named Andrea Powell as its state vice president for Missouri. Powell brings 16 years of experience in the insurance industry. Most recently, she was the Missouri marketing representative for...
Oklahoma Quake Insured Costs Uncertain; Swiss Re Suggests New Products Needed
Sep 13 2016 // Damage estimates of insured losses from the earthquake that hit Pawnee, Okla., in the north central part of the state on Sept. 3 likely won’t be available until early October, according to an insurance department...
Is No-Fault Auto Insurance to Blame for High Rates, Fraud?
Sep 13 2016 // A dozen states still use no-fault auto insurance to cover the medical expenses of crash victims. Michigan House members returned to work last week to decide whether they’ll give the state’s motorists a break on...
Florida’s First Hurricane in 11 Years ‘Could Have Been a Lot Worse’ for Industry
Sep 12 2016 // A large oak tree toppled over a Whataburger restaurant in Tallahassee, Fla., Sept. 2, 2016. Many businesses and homes in Tallahassee are without power and several roads are blocked due to tree damage caused by Hurricane...
China Opens Link for Insurers to Invest in Hong Kong Stocks
Sep 9 2016 // China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed to buy the city’s shares through an exchange trading link with Shanghai, the China Insurance Regulatory...
Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market
Sep 8 2016 // The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected...
Insurer Appeals Order to Pay Connecticut Diocese $945K for Abuse Settlements
Sep 8 2016 // An insurance company has appealed an order by a federal judge in Connecticut to reimburse the Roman Catholic Archdiocese of Hartford $945,000 for payments church officials made to settle sexual misconduct cases involving...
UK Chancellor of Exchequer to Discuss Brexit Plans with Insurers & Bankers
Sep 7 2016 // Chancellor of the Exchequer Philip Hammond will meet senior bankers in London on Wednesday to set out the government’s plans to support the economy and sound out their views for a post-Brexit Britain. Hammond will...
Fitch: No Credit Implications for Florida State-Run Insurers From Hermine
Sep 7 2016 // Hurricane Hermine, the first hurricane to make landfall in Florida in 11 years, is not likely to have a significant impact on the financial condition of the Florida Hurricane Catastrophe Fund (FHCF) or Citizens’...
BlackRock Says Investors Must Weigh Climate Change Like Insurers Are Doing
Sep 7 2016 // BlackRock Inc., the world’s largest asset manager, said all investors should factor climate change into their decision-making and doing so would not mean having to accept lower returns. Global moves to coordinate a...
Hudson Insurance Launches Commercial Excess & Umbrella Unit, Taps Farrell to Lead
Sep 6 2016 // Hudson Insurance Group has launched its new commercial excess and umbrella business unit that will provide coverage on a non-admitted basis in all 50 states. Led by Thomas Farrell, the unit will operate on a limited...
School Boards Insurance Company of Pennsylvania Rebrands Following Church Mutual Acquisition
Sep 6 2016 // School Boards Insurance Company of Pennsylvania Inc., which in June was acquired by Church Mutual Insurance Company of Merrill, Wis., has rebranded to CM Regent Insurance Company to better reflect the company’s...
UK Risks Losing Lloyd’s & London Market Insurers on Brexit: Lloyd’s Chairman
Sep 6 2016 // Lloyd’s of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain’s decision in June to leave the bloc,...
Demotech on Workers’ Comp: Premiums Up 2.3% in First Half of 2016
Sep 6 2016 // Demotech’s review of second quarter 2016 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 2.3 percent increase...
