Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Dog Bites Insurer
May 16 2016 // This week is National Dog Bite Prevention Week (certainly a noble cause). To celebrate this “occasion,” the Insurance Information Institute (I.I.I.) published the most recently available dog-bite...
Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P
May 13 2016 // Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings. Geographic and...
Health Insurers File Proposed Rates for 2017 DC Health Link
May 13 2016 // The District of Columbia Department of Insurance, Securities and Banking (DISB) said it has received 170 proposed health insurance plan rates for review from four major insurers in advance of the fourth year of open...
Ross Campesi Sr., Founder of Louisiana Workers’ Comp Insurer Passes
May 13 2016 // Ross Campesi Sr., founder of LCTA Workers’ Comp, died May 7 in his home. Campesi was 90 years old. “Ross’s passing is obviously a huge personal loss … he was the love of my life,” Melissa Campesi,...
Ohio Court: Insurer not Liable for $1M in Megachurch Abuse Lawsuit
May 13 2016 // The Ohio Supreme Court says an insurer isn’t liable for part of a central Ohio megachurch’s $3.1 million settlement over the alleged beating of a 2-year-old boy at the church’s daycare. The justices...
Insurers Limit Exposure as Quakes Increase in Oklahoma
May 13 2016 // As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has...
Progressive CEO Renwick to Retire; Griffith Chosen as Successor
May 13 2016 // The Progressive Corp. announced that Glenn Renwick, president and chief executive officer, will retire after more than 15 years as CEO and almost 30 years with the company, effective July 1, 2016. Tricia Griffith,...
U.S. Judge Nixes Obamacare Funds to Insurers for Lower Income Insureds; Administration to Appeal
May 12 2016 // A U.S. judge on Thursday handed a victory to congressional Republicans who challenged President Barack Obama’s signature healthcare law, ruling that his administration overstepped its constitutional powers relating...
Maine Insurers Request Double-Digit Rate Hikes Under Health Care Law
May 12 2016 // Insurers are seeking double-digit premium increases in the coming year for tens of thousands of Mainers who receive insurance through President Barack Obama’s health care law. Proposals filed with the Maine Bureau of...
Ohio Insurer Group: April Storm Losses Estimated at $52.6-57.8M
May 12 2016 // The Ohio Insurance Institute reports that an early April storm that caused significant property losses in Ohio and several other states, caused as much as $57.8 million in insured losses in Ohio alone. According to the OII...
Usage-Based Auto Insurance, Slow at First, Picking Up Speed
May 12 2016 // Usage-based auto insurance will explode globally in the next seven years, a new industry analysis asserts. IHS Inc.’s IHS Automotive predicts that 142 million customers will sign up globally for the...
Goldman Sachs Says Insurers Need Hedge Funds to Diversity Investments
May 12 2016 // Mike Siegel, who oversees about $190 billion at Goldman Sachs Group Inc.’s asset-management arm, said insurers should stick with hedge funds even after their recent slump, because the industry needs investing...
Medical Professional Liability Insurers’ Profits Decline But Outlook Stable: A.M. Best
May 11 2016 // The specialty medical professional liability (MPL) insurance industry remained profitable in 2015, however its net income fell nearly 36.6 percent to almost $1.1 billion in 2015. In a special report, A.M. Best said the MPL...
Medical Liability Insurer NORCAL Mutual Names Stewart Chief Underwriter
May 10 2016 // Andre Stewart has been named chief underwriting officer for NORCAL Mutual Insurance Co. Stewart joined NORCAL in 2015 as senior vice president of underwriting for custom accounts, where he was responsible for new business...
Insurer’s Hospital Claims Study Corroborates High Death Risk from Medical Errors
May 10 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...
Cancer Patient Sues Oklahoma Insurer over Proton Therapy Treatments
May 9 2016 // A prostate cancer patient and a cancer treatment provider are suing an Oklahoma health insurer for allegedly refusing to cover proton radiation therapy. Randy Farland and the Procure Proton Therapy Center in Oklahoma City...
Costly Alberta Wildfires to Hit Q2 Results; Insurers Are Resilient: Ratings Reports
May 9 2016 // While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to A.M. Best and...
How P/C Insurers Fared in 2015
May 9 2016 // The U.S. property/casualty (P/C) industry marked a third consecutive year of underwriting profitability, with $6.2 billion in underwriting income in 2015. However, the lower level of underwriting income and an 11.2 percent...
Main Street America Promotes Osman, Appoints 3 Officers in Florida
May 6 2016 // The Main Street America Group announced the promotion of one company officer to assistant vice president and the appointment of three new company officers in its Jacksonville, Fla., headquarters. Darryl Osman, currently...
Some Insurers Have More to Gain from Underwriting Technology Than Others
May 6 2016 // Personal Lines Insurers Personal lines insurers are most likely to benefit from wide uses of automation in underwriting, a new report has found. “They are more likely to have a homogenous book of business and a...
