Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Lloyd’s Insurer ArgoGlobal Grabs O’Gorman from CNA to Lead Marine Team
Aug 22 2016 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Steve O’Gorman as head of Marine, effective Aug. 22. He reports to Bruno Ritchie, director of underwriting and active...
North Carolina Court Upholds Commissioner’s 25% Rate Increase Rejection
Aug 22 2016 // North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled Aug....
Families of 3 Exonerated Men Settle for $16.5M with Mississippi Counties, Insurers
Aug 22 2016 // A $16.5 million settlement has been reached in a lawsuit that claims three Mississippi men were imprisoned for decades for a crime they did not commit, lawyers said. According to The Hattiesburg American, a settlement...
The Top 10 Things Sharp Brokers Should Consider When Placing Cyber Liability
Aug 22 2016 // The insurance marketplace for cyber liability is constantly evolving. Technology is always improving, the level of data security and awareness is escalating and the tools used by the criminals and the bad actors are...
Texas Man in Tesla Autopilot Crash Won’t Sue, But Car Insurer May
Aug 19 2016 // A Texas man said the Autopilot mode on his Tesla Model S sent him off the road and into a guardrail, bloodying his nose and shaking his confidence in the technology. He doesn’t plan to sue the electric-car maker, but...
Louisiana Reminds Insurers of Flooded Vehicle Requirements
Aug 18 2016 // The Louisiana Department of Insurance has issued a reminder to insurance companies regarding the Certificate of Destruction title requirements for flooded vehicles. The department issued the bulletin following the federal...
Florida Insurers UPC Insurance, American Coastal Insurance Enter Merger Agreement
Aug 18 2016 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American...
Illinois Treasurer Looking into How Life Insurance Companies Avoid Payouts
Aug 17 2016 // Illinois Treasurer Michael Frerichs is launching a series of public hearings to explore how life insurance companies avoid paying death benefits. The first hearing is set for this morning in the city council chambers in...
Watford Specialty Looking to Build Program Business with U.S. Acquisition
Aug 17 2016 // Newly formed Watford Specialty Insurance Co. (WSIC), a subsidiary of Bermuda-based Watford Re, took a big leap forward recently with its acquisition of a carrier with admitted licenses in all 50 states and the District of...
Washington Commissioner Fines Pet Insurer for Violating State Laws
Aug 16 2016 // Washington Insurance Commissioner Mike Kreidler has fined a pet insurance company $150,000 for violating state laws. Kreidler sayid his agency issued fines in July against American Pet Insurance, which goes under the name...
Insurer Agrees to $100K Settlement in Washington Dog Shooting Suit
Aug 16 2016 // An insurance company contesting an arbitrator’s award following the shooting death of a dog by a neighbor has agreed to settle for $100,000. The Seattle Times reported Liberty Mutual settled with the attorney...
Florida Homeowners Insurer Olympus Adds Newby as VP of Claims
Aug 15 2016 // Olympus Insurance Co., a Florida homeowners insurer, has appointed Martin Newby as vice president of Claims. Newby will serve as Olympus’ senior claims executive responsible for the development, implementation,...
Chile’s Health Insurers Pushed to Brink of Collapse as Courts Prevent Rate Hikes
Aug 12 2016 // Chile’s private health insurers have a peculiar problem. Every time they try to raise their premiums, thousands of their clients take them to court to stop the increase — and win. Their inability to raise fees...
West Virginia Funeral Home Ordered to Pay $3M for Defrauding Insurer
Aug 12 2016 // The owners of a funeral home in Putnam County, W. Va., have been ordered to pay nearly $3 million after being accused of defrauding an Iowa-based insurance company by cashing in on pre-need funeral arrangements for more...
Judge Seals Conversations in South Carolina Officer’s Lawsuit with Insurer
Aug 11 2016 // A former South Carolina police officer’s conversations with an insurance carrier after he was charged in the death of an unarmed black motorist have been sealed by a federal judge. The order issued by U.S. District...
Mississippi Counties, Insurers Settle for $16.5M with Families of 3 Exonerated Men
Aug 9 2016 // A $16.5 million settlement has been reached in a lawsuit that claims three men were imprisoned for decades because they were forced to confess to a crime they did not commit, lawyers said. The Hattiesburg American reports...
Changing Employee Demographics Push Insurers to Focus on Strategic Recruitment
Aug 9 2016 // With nearly 400,000 employees expected to retire from the insurance industry workforce within the next few years, according to the U.S. Bureau of Labor Statistics, its incumbent on carriers to consider the ways in which...
Insurer Focus on Customers, Unique Policies Boosts Satisfaction Among Small Business Owners
Aug 9 2016 // No longer able to compete primarily on price, insurers are now focusing their efforts on pleasing customers, with the payoff being a significant increase in satisfaction among their small business commercial customers,...
Court Upholds 25% Rate Increase Rejection for North Carolina Homeowners
Aug 8 2016 // North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled August...
Rough Ride for P/C Insurers in 2016, Warns S&P
Aug 8 2016 // This year could be a tough one for U.S. property/casualty insurers, as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by...
