Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer to Pay $55K to Settle Free Speech Case Over Arrest for Painting U.S. Flag
Jul 26 2016 // A man arrested for painting the letters “AIM” on an American flag that he flew upside-down at his house in protest has settled his free speech lawsuit against the township for more than $55,000. Supervisors in...
P/C Insurers Face Tough Sledding in 2016, Warns S&P
Jul 26 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...
Everest Re Selling Crop Insurer Heartland to CGB
Jul 26 2016 // Bermuda’s Everest Re Group is selling its U.S. crop insurance company, Heartland Crop Insurance Inc., to CGB Diversified Services Inc., a crop insurance, transportation and storage firm in Illinois. Upon completion...
Health Insurers Could Go on Buying Spree If Big Mergers Blocked
Jul 25 2016 // The potential bust-up of two mega deals among America’s largest health insurance companies may have an unintended result – more mergers. The U.S. Department of Justice on Thursday sued to block Aetna...
Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business
Jul 25 2016 // Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale...
Insurers Work to Educate Consumers on the Evolving Dangers of Distracted Driving & Walking
Jul 25 2016 // We have all seen the stories in the news. After many years of a declining trend in the number of accidents, the number of accidents has spiked in the last two years. Insurers have an opportunity to educate the public and...
Treasury Adopts 2 Percent Formula for Defining Auto Insurance ‘Affordability’
Jul 25 2016 // Industry Says Affordability Definition Will Lead to Confusion on Price If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income...
Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover
Jul 25 2016 // Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms and earthquakes affecting certain coastal states of the U.S. The bonds have been issued...
South Carolina Workers’ Comp Loss Costs Going Up, New Filing Requirements Take Effect
Jul 25 2016 // New requirements regarding the implementation of changes in workers’ compensation loss costs have been passed by the South Carolina Legislature, and the insurance department is reminding insurers to ensure they...
South Dakota High Court: Insurer Must Pay for Storm-Drowned Cattle
Jul 22 2016 // The South Dakota Supreme Court says a Quinn family should collect insurance for cattle that drowned during the autumn 2013 blizzard that devastated western South Dakota ranchers. The high court in an opinion released July...
Uptick in Lawyers’ Liability Claims; Business Transactions Top Claim: Study
Jul 22 2016 // Law firms have seen an increase in the frequency of malpractice claims, which are becoming more costly to defend and could cause lasting reputational damage, according to a new study by insurance broker Ames & Gough....
South Carolina Workers’ Comp Loss Costs Going Up, New Filing Requirements Take Effect
Jul 21 2016 // New requirements regarding the implementation of changes in workers’ compensation loss costs have been passed by the South Carolina Legislature, and the insurance department is reminding insurers to ensure they...
June Storms in Canada Cost Insurers More Than C$34 Million
Jul 20 2016 // The storms that hit Saskatchewan, Manitoba and Ontario in Canada on June 24 and 25 caused more than C$34 million ($25.9 million) in insured damage, according to estimates from Catastrophe Indices and Quantification Inc....
2 New Insurers Approved for Doing Business in Arkansas
Jul 20 2016 // Arkansas Insurance Commissioner Allen Kerr has approved two new out-of-state insurers to do business in the state. Medical Liability Alliance (MLA) of Jefferson City, Mo., has been granted authority to offer casualty...
Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers
Jul 20 2016 // As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled for years to make a...
Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report
Jul 20 2016 // The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, connected cars and the...
U.S. Expected to Sue to Stop Anthem, Aetna Deals
Jul 20 2016 // U.S. antitrust officials are poised to file lawsuits to block Anthem Inc.’s takeover of rival health-insurer Cigna Corp. and Aetna Inc.’s deal to buy Humana Inc., according to a person familiar with the...
The Hilb Group Acquires Carrier Insurance Agency in Florida
Jul 20 2016 // The Hilb Group, LLC (THG) has acquired Florida-based Carrier Insurance Agency, Inc., continuing its nationwide growth through acquisitions and expanding its regional presence in central Florida. The transaction became...
Insurers, Private Hospitals in Houston Fighting over Patients’ Rates
Jul 19 2016 // Insurance companies and private hospitals are facing off in Houston over how much to charge patients for “out-of-network” surgeries and procedures. According to the Houston Chronicle at least a dozen lawsuits...
Berkshire Hathaway Purchasing New York Medical Liability Insurer
Jul 18 2016 // Berkshire Hathaway subsidiary National Indemnity Co. is acquiring Medical Liability Mutual Insurance Co. of New York for an undisclosed price. The deal comes as the insurer completes its conversation from a mutual company...
