Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
2015 State Specialist P/C Insurers Revealed
Dec 7 2015 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Program Business Revenue Doubles in 5 Years
Dec 7 2015 // Data Management, Technology Present Future Challenges and Opportunities for Sector The pace of growth in the program market may be slowing but it is in no way standing still. According to the most recent study from the...
Maryland Issues Bulletin on Commercial Policy Termination Notices
Dec 7 2015 // Property/casualty insurers writing commercial policies in Maryland are no longer required to file the cancellation or nonrewal notices they send out to insureds for approval, the Maryland Insurance Administration (MIA)...
New York Says Robust Cybersecurity Regs Needed for Insurers
Dec 7 2015 // New York regulators are considering a host of cybersecurity requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses for the financial...
Highway Bill Restores Crop Insurance Funding Cut in Budget Deal
Dec 4 2015 // The $305 billion highway bill that was agreed upon by the House and Senate and is on its way to President Obama’s desk has a little something for everyone, including farmers and crop insurers. The five-year measure,...
ECB Decision to Extend Quantitative Easing Hits European Insurers’ Shares
Dec 4 2015 // Shares of European insurers fell after the European Central Bank decided to extend its quantitative easing program until at least March 2017 and broaden the range of assets purchased. The decision is...
Main Street America Launches Commercial Lines Cyber Risk Coverage
Dec 4 2015 // The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country. The coverage, available through Main Street America’s...
Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists
Dec 2 2015 // Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies — a high-water mark for the divestment movement,...
N.H. to Examine Health Insurers’ Substance Abuse Treatment Coverage
Dec 1 2015 // New Hampshire’s Insurance Department is examining whether insurance companies are appropriately covering substance abuse services as required by law. The probe comes as New Hampshire seeks to expand treatment and...
Dutch Insurer NN Eyes Growth Through Acquisitions
Nov 30 2015 // NN Group NV, the Dutch insurer and asset manager spun out of ING Groep NV, is ready to expand and will consider acquisitions amid speculation that it could seek to acquire Delta Lloyd NV. Delta Lloyd’s shares...
Louisiana Citizens Property Insurance Shedding More Policies
Nov 30 2015 // Insurance Commissioner Jim Donelon reported that three insurance companies new to Louisiana are participating in the latest round of depopulation of Citizens Property Insurance Corp. Citizens is the state’s property...
2 South African Insurers Bet $375 Million on West & North Africa Expansion
Nov 25 2015 // South African insurers Sanlam Ltd. and Santam Ltd. agreed to buy a 30 percent stake in Saham Finances SA of Morocco for $375 million to gain access to insurance markets in West and North Africa. The stake will be purchased...
Mass. AG Healey: Insurer Improperly Charged Thousands of Homeowners
Nov 24 2015 // The largest force-placed insurance company in Massachusetts has agreed to provide refunds to homeowners to settle allegations that it improperly charged for force-placed insurance policies, Massachusetts Attorney General...
A.M. Best: Outlook Improved for 2 Kansas Mutual Insurers
Nov 24 2015 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Bremen Farmers Mutual Insurance Co. (Bremen) in...
Health Insurers in Arkansas Owed More than $7.1M in Rebates for 2014
Nov 23 2015 // Arkansas consumers and businesses are owed more than $7.1 million from health insurers because those companies collected too much in premiums last year than what they spent on medical care, according to federal...
Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case
Nov 23 2015 // A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in...
U.S. to Pursue Covered Agreement with EU for Re/Insurers
Nov 22 2015 // The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based...
Avera Health Buying Health Insurer, DAKOTACARE
Nov 20 2015 // Regional health system Avera Health is buying the DAKOTACARE health insurance company, creating what it says will be the second-largest health insurer in South Dakota. The two Sioux Falls-based companies announced their...
Arizona Lawmaker Wants Another Cut to Insurance Company Taxes
Nov 20 2015 // One of the top Republican leaders in the Arizona House wants to accelerate cuts to insurance company taxes that were included in a bill he sponsored. Majority Whip David Livingston of Peoria has filed a bill for the...
Large British Insurers Get Major Exemption from Proposed EU Audit Rules
Nov 20 2015 // Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union rules will...
