Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Illinois Insurance Co-Op Sues Feds over ACA Payments
Jun 27 2016 // A struggling Illinois health insurance co-op is suing the federal government, claiming it is being shortchanged $72.8 million in promised payments under the Affordable Care Act. Chicago-based Land of Lincoln Health filed...
French & German Floods to Hit Insurers’ Earnings but Not Ratings: A.M. Best
Jun 27 2016 // The earnings of French and German insurers during the first half of 2016 will be dampened by flood claims following storms Elvira and Friederike, which pounded the countries in quick succession between late May and early...
Re/Insurance Business Leaders Begin to Comment on Post-Brexit World
Jun 24 2016 // The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to untangle...
Insurers, Agents Together Need to Lower Distribution Costs: Berkley
Jun 23 2016 // Partnership and greater efficiency will help lead the way to continued profitability for the property/casualty insurance industry despite a new level of uncertainty globally, according to William Berkley, executive...
Meeting with Antitrust Official Key Moment for Anthem-Cigna Merger
Jun 23 2016 // Anthem Inc. and Cigna Corp. are preparing for a showdown with senior Justice Department officials this week in their effort to persuade the government to allow the health insurers to combine, lest they wind up dueling in...
Democratic Senators Oppose Health Insurer Mergers
Jun 23 2016 // Seven Democratic senators urged the U.S. Justice Department on Wednesday to block two mergers of major health insurance companies, saying that the proposed deals would mean higher premiums and lower-quality healthcare for...
‘Systemically Important’ Label Can Be Avoided: Fitch
Jun 23 2016 // Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers (G-SIIs) could help more to proactively stay off the list in the first place. The...
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
Jun 22 2016 // A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance...
Texas Insurers Hope Court Decisions Will Curtail Hail-Related Lawsuits
Jun 21 2016 // Following a severe hailstorm in south Texas in 2012, insurers were beset with homeowner property lawsuits — sometimes after claims were paid and repairs were completed — even though data from the Texas Department of...
Why Customer Satisfaction Is Falling for Large Auto Insurers, Rising for Small: J.D. Power
Jun 21 2016 // After climbing in each of the past two years, customer satisfaction is falling among the nation’s largest auto insurers, while satisfaction is actually up a tad for small insurers. This rising dissatisfaction with...
Don’t Expect Surge of Private Flood Insurance Products: S&P
Jun 21 2016 // Opening U.S. flood insurance to private insurers won’t lead to a surge of new market entrants, Standard & Poor’s asserts in a new report. Even if Congress passes legislation to make the change as it is...
AXA Plans $2.4B in Cost Cuts by 2020; Acquisitions Eyed for Growth
Jun 21 2016 // AXA SA, France’s largest insurer, plans to increase profitability through 2020 by seeking 2.1 billion euros ($2.4 billion) of cost cuts and growing digital investments to tap rising demand for policies protecting...
Specialist Lloyd’s Insurer Neon Opens Bermuda Office with Fisher as CEO
Jun 21 2016 // The specialist Lloyd’s insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and U.S....
Concerns Raised about Coverage with Ohio Insurer’s Demise
Jun 20 2016 // Health care advocates and a U.S. senator are raising concerns that nearly 22,000 Ohioans could end up paying much more for health care as their struggling insurer winds down its operations. Republican Sen. Rob Portman has...
Insurer to Pay $750K over Fatal Shooting in Texas County
Jun 20 2016 // A $750,000 settlement has been reached with relatives of an unarmed motorist fatally shot by an off-duty South Texas sheriff’s deputy. The family of Mathew Jackson has agreed to settle the civil lawsuit. The money...
Construction Market Keeps Building: Brokers’ Outlook on Current & Future Opportunities
Jun 20 2016 // Amid ups and downs, the construction market has seen steady growth over the past four years, and now construction insurance specialists believe the market is set to finally start to heat up. The intense competition has...
Insurer’s Hospital Claims Study Corroborates High Death Risk from Medical Errors
Jun 20 2016 // Death claims are the most common hospital liability claims, according to an insurance company study released after researchers at Johns Hopkins University School of Medicine reported that medical errors are the third...
California Commissioner Lowers Workers’ Comp Advisory Rate
Jun 20 2016 // California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective...
Contractor’s Professional Mitigation of Damages Coverage
Jun 20 2016 // As contractors’ professional liability insurance products continue to develop and evolve in the marketplace, many contractors aren’t aware of a new “first-party” coverage that has become available...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report
Jun 20 2016 // When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a...
