Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Online Comparison Launched by California Department of Insurance
Mar 16 2016 // Insurance Commissioner Dave Jones wants California drivers know about the department’s online tool that helps consumers shop for different insurers based on price. The tool is now being launched by the California...
P/C Insurers’ Operating Earnings Fell 7.2% in 2015: Fitch
Mar 16 2016 // U.S. property/casualty insurers’ operating earnings decreased in 2015, highlighting the competitive operating environment and low investment yields that challenge insurers’ earnings growth potential, according...
Survey Shows Many Americans Fine with Lying to the IRS, or Their Insurer
Mar 15 2016 // Call it a “little green lie.” A number of Americans apparently find it acceptable to lie when there’s money at stake. A survey of 2,115 American adults from NerdWallet conducted in February shows a...
Vermont Fines 2 Insurers for Non-Compliance
Mar 15 2016 // Vermont Department of Financial Regulation (DFR) Commissioner Susan L. Donegan announced that Travelers Insurance Co. and Liberty Mutual Insurance Co. have paid Vermont $154,000 in fines and repaid consumers another...
2 Instech Startups Target Small Business Insurance Market
Mar 15 2016 // Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for small businesses, today announced a $13 million seed investment led by investors Zeev...
Maine’s Nonprofit Health Insurer Sets Aside $43M to Cover Potential Losses
Mar 14 2016 // The lone health insurance cooperative to make money in 2014 on the Affordable Care Act’s public insurance exchanges saw big losses in 2015 and is now setting aside $43 million to cover possible big losses this...
China Insurer Anbang Offers $6.5 Billion to Buy Major U.S. Hotel Group
Mar 13 2016 // China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc. for around $6.5 billion, as the owner of New York’s iconic Waldorf Astoria expands its U.S. hotel portfolio, a person...
Berkshire Hathaway Balks at Reporting on Climate Change Risks
Mar 13 2016 // Warren Buffett’s compensation for running Berkshire Hathaway Inc. edged up 1 percent last year to $470,244, reflecting an increase in the cost of keeping the billionaire safe. Buffett’s salary remained at...
Insurers with Big Stake Buy Puerto Rico Bonds
Mar 13 2016 // The companies with the most at stake in Puerto Rico’s debt crisis have become buyers of the island’s bonds. MBIA Inc.’s National Public Finance Guarantee Corp. and Ambac Financial Group, which together...
Alabama Makes Arrest in Fraud Ring Targeting 22 Insurers
Mar 11 2016 // The Alabama Department of Insurance: Insurance Fraud Unit has arrested 43-year-old Elvie Gray of Hale County for the crime of insurance fraud. On February 1, a Hale County Grand Jury indicted Gray after an extensive...
South Dakota Bill Allows Insurer Tax Credits for Private School Scholarships
Mar 10 2016 // A bill that would give insurance companies tax credits for contributions to help lower-income students in South Dakota attend private schools is headed to Gov. Dennis Daugaard after passing through the state...
Hartford CEO Swift to Chair P/C Insurer Trade Group AIA
Mar 10 2016 // The Hartford Chairman and CEO Christopher J. Swift will become chairman of the board of directors of the American Insurance Association (AIA) at its March meeting, serving a one-year term. Swift succeeds Michael S....
Chief Executive of Leading Romanian Insurance Company Charged with Fraud
Mar 9 2016 // Anti-corruption prosecutors have charged one of Romania’s richest businessmen with money laundering and abusing his position as a chief executive of a leading insurance company. The anti-corruption prosecutors’...
Florida Assignment of Benefits, Ridesharing Bills Approaching Dead End
Mar 8 2016 // It’s looking like Florida lawmakers will not provide resolution for two controversial issues currently facing the Florida insurance industry, this year at least. With just three days left in the 2016 Florida Session,...
Life Insurer Pledges $25M in Low-Cost Loans for Flint Lead Pipe Removal
Mar 8 2016 // The mayor of Flint, Mich., says Union Labor Life Insurance Co. has committed to bring $25 million in low-cost loans to help remove lead pipes and improve water quality. Karen Weaver announced the funding on March 6, saying...
American Financial Offers to Buy Rest of Insurer National Interstate for $293M
Mar 8 2016 // About two years after withdrawing a similar offer, American Financial Group Inc. is proposing to acquire all of the outstanding common shares of specialty transportation insurer National Interstate Corp. that its...
The Future, and Present, Belong to Specialty P/C Insurers: Conning
Mar 8 2016 // Specialty property/casualty insurers are now a dominant force in the market and generate more than half of the industry’s premiums, Conning Inc. asserts in a new report. Two-thirds of individual insurance companies...
UT Dallas Students Receive Scholarships from Insurer Trade Group
Mar 7 2016 // The Insurance Council of Texas (ICT) Education Foundation has honored five insurance and risk management students at the University of Texas at Dallas with scholarships and registration into the Gamma Iota Sigma (GIS)...
Insurers Could Find an Early-Mover Advantage from Telematics: Fitch
Mar 7 2016 // The motor insurance industry faces a significant shake-up from two waves of technological innovation – the growth of telematics and the development of driverless cars, according to Fitch. Over the short term, telematics...
Report: Frequency of Florida Water Loss Claims Up 46% in 5-Year Period
Mar 7 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
