Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
The Future of Insurance Belongs to Intermediaries
Aug 8 2016 // Great efforts have been made recently to disintermediate the insurance process. One prevalent example of this is by routing insureds directly to the carrier, bypassing the independent agency distribution channel. More and...
Settlements Reached in North Dakota with 4 Life Insurers
Aug 5 2016 // North Dakota Insurance Commissioner Adam Hamm announced settlement agreements with four life insurance companies related to their use of the Social Security Administration’s Death Master File (DMF). As part of the...
Insurer Hires Firm to Resume Work at Hartford Stadium
Aug 5 2016 // Hartford’s mayor says work is set to resume on the city’s problem-plagued minor league baseball stadium, months after it was scheduled to open. Mayor Luke Bronin says the surety bonding company, Arch Insurance,...
New Cyber Safety Ratings for Software Could Aid Insurers
Aug 4 2016 // A famed hacker who nearly 20 years ago told Congress he could take down the internet in 30 minutes is now going after the computer software industry, whose standard practices all but guarantee that most products will be...
UK Insurers Aviva and RSA Report Higher H1 Profits, Shrug Off Brexit Fallout
Aug 4 2016 // Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in London trading. Aviva, the...
Premium Hikes of Up to 45% Sought by Illinois Health Insurers
Aug 3 2016 // Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act’s marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public on...
Massachusetts, New Hampshire Nonprofit Insurer Sues Over Federal Assessment
Aug 3 2016 // A nonprofit health insurer with 25,000 customers in Massachusetts and New Hampshire has filed a federal lawsuit claiming it is being illegally punished for offering lower-cost products. Under the Affordable Care...
Captive Insurers in Strong Position: A.M. Best
Aug 3 2016 // Captive insurance companies rated by A.M. Best ended 2015 in strong form, recording pretax operating income of $1.4 billion, a 13.5 percent increase over 2014, according to a new A.M. Best special report. The Best Special...
Mutual Insurers Regain Some Global Market Share, but Threats Remain: Swiss Re
Aug 3 2016 // Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years. Those gains are threatened, however, by new financial regulations, changes in corporate...
China Regulator Asks Insurers to Assess Risks & Strengthen Controls: Report
Aug 3 2016 // The China Insurance Regulatory Commission (CIRC) has asked insurers to thoroughly assess business risks and strengthen their risk controls, the online financial magazine Caixin reported Wednesday, citing anonymous industry...
AXA H1 Net Income Rises 4% to $3.6B as L&H Earnings Offset Cat Losses
Aug 3 2016 // AXA SA, France’s biggest insurer, said first-half profit rose 4 percent as increased earnings from life and health insurance helped offset higher claims from natural catastrophes. Net income climbed to 3.2 billion...
Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report
Aug 1 2016 // Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings. While the potential risk of such liability claims is rising...
Insurer Not Liable for Defense of NASCAR’s Stewart in Ward Death
Aug 1 2016 // A federal judge ruled Friday that the insurance carrier for NASCAR driver Tony Stewart does not have to defend or indemnify him in a lawsuit brought by the family of a driver who died after being struck by Stewart’s...
Brokers Assess Current Construction Insurance Market: Thumbs Up
Jul 29 2016 // Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers...
California Coal-Divestment Push Mostly about Politics
Jul 28 2016 // California voters in 1988 dramatically expanded the power of the state Department of Insurance and turned the insurance commissioner post into an elected position. The Proposition 103 initiative also gave the commissioner...
ITC, Compare.com Team Up to Expand Online Auto Insurance Quote Services
Jul 28 2016 // Insurance Technologies Corporation (ITC), headquartered in Carrollton, Texas, and Compare.com, based in Richmond, Va., have partnered to help provide more auto insurance quotes to online insurance shoppers, the companies...
U.S., EU Report on Re/Insurance Covered Agreement Talks
Jul 28 2016 // Representatives of the United States and the European Union met in Brussels this week to continue their joint negotiations for a bilateral agreement on insurance and reinsurance measures. “Both sides continued to...
West Virginia Funeral Home Ordered to Reimburse Insurer for False Death Claims
Jul 27 2016 // A federal judge has ruled for an insurance company in its case against the operators of a funeral home in Putnam County, West Virginia, accused of filing false death claims on behalf of pre-need contract customers who...
Growth of China’s Shadow Banking Hikes Financial Risks for Banks, Insurers: Moody’s
Jul 27 2016 // Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector assets, raising financial risks in the world’s second-largest economy, rating agency Moody’s...
Texas Windstorm Insurer: Submit Depopulation Documentation by August 25
Jul 26 2016 // Texas Windstorm Insurance Association member companies that want to participate in the Assumption Reinsurance Depopulation Program may now submit required documentation to both TWIA and the Texas Department of Insurance...
