Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AmTrust Financial to Buy Texas-Based Insurer, Republic
Sep 28 2015 // AmTrust Financial Services Inc. announced that it has agreed to acquire Republic Companies Inc. and its affiliates (Republic) from Delek Group Ltd. and Republic Insurance Holdings LLC. Republic is based in Dallas. The...
Armstrong Settles with Dallas Insurer Over Tour de France Bonuses
Sep 28 2015 // Lance Armstrong settled a cycling promotion court fight on confidential terms but still has a lawsuit over a U.S. Postal Service sponsorship to contend with. Armstrong settled two related lawsuits with SCA Promotions Inc....
New York Regulators to Shut Obamacare Insurer Health Republic
Sep 28 2015 // Health Republic Insurance of New York, the Affordable Care Act insurer that got $265 million in U.S. loans, will stop selling policies and eventually cease operations under orders from New York and federal regulators. The...
Cardiologist in Ohio Convicted of Overbilling Insurers $7.2M
Sep 27 2015 // A federal court jury in Cleveland, Ohio, has convicted a cardiologist of ordering unnecessary medical tests, performing unnecessary procedures and submitting fraudulent bills totaling $7.2 million. Fifty-six-year-old...
Texas Associates Insurors Adds Peterson as Risk Advisor
Sep 25 2015 // Texas Associates Insurors announced that Erik Peterson has joined the agency as a risk and insurance advisor, specializing in medical device, servicing and malpractice risk. Peterson has experience in the industrial and...
Workers’ Compensation Premiums Up 5.3% in First Half of 2015: Demotech
Sep 25 2015 // Workers’ compensation insurers reported a 5.3 percent increase in direct written premiums during the first six months of 2015 versus the same period in 2014, according to actuarial firm Demotech’s review of...
Pennsylvania Reminds Health Insurers to Keep Provider Directories Up to Date
Sep 24 2015 // Pennsylvania Insurance Commissioner Teresa Miller is reminding health insurers that they must keep their provider directories up to date and that consumers should not pay higher out-of-network costs if they use a health...
Health Insurer CEOs Defend Big Mergers Before Senate
Sep 24 2015 // Leaders of two major health insurers planning multibillion dollar acquisitions made their case to Congress this week that bigger can mean better in their industry, but concerns are being raised in Washington about how...
ADB, OECD Call for Governments, Insurers to Address Disaster Relief
Sep 24 2015 // Representatives from the Asian Development Bank (ADB) and the Organization for Economic Cooperation and Development’s (OECD) Global Seminar on Disaster Risk Financing fostered an in-depth debate on the development of...
California Blazes Destroy 2,000-plus Homes, Curb Insurer Appetites
Sep 23 2015 // A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct...
Rhode Island Directs Insurers Using Price Optimization to Submit Revised Filings
Sep 23 2015 // Rhode Island’s Insurance Division issued a bulletin on Sept. 18 advising that any personal lines property/casualty insurer that uses price optimization to rate policies in Rhode Island should submit revised filings...
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
Sep 22 2015 // CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could...
Aon Outlines New Growth Paths for Re/Insurers at 14th Hazards Conference
Sep 22 2015 // Aon Benfield is examining how insurers and reinsurers can identify and capitalize on new growth opportunities amid challenging market dynamics at its 14th Biennial Hazards Conference in Australia. Aon noted that it’s...
RSA’s Hester Expects More Bids After Zurich Abandons Takeover Offer
Sep 22 2015 // RSA Insurance Group Plc Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich Insurance Group AG abandoned its 5.6 billion-pound ($8.7 billion) offer for the British...
Californians Pushed by Wildfires into High-risk Insurance Market
Sep 21 2015 // There are lots of reasons people live in California’s Modjeska Canyon. Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, yet is just a 20...
Monte Carlo 2015: Reinsurers Reexamine How They Do Business
Sep 21 2015 // The annual Rendez-Vous de Septembre in Monte Carlo, Monaco traditionally focuses on one or two signatory concerns within the industry. This year, things were different. The 2,700 registered attendees were faced with...
Wyoming Man And His Insurers to Pay $2.9M for 2012 Wildfire
Sep 21 2015 // A man who accidentally started a 2012 wildfire that burned over a mountain and threatened the town of Jackson has agreed to a $2.9 million payment under a legal settlement. James G. Anderson Jr., 79, will be responsible...
EU Weighs Solvency II Capital Relief for Insurers’ Investments in Infrastructure
Sep 21 2015 // The European Union is preparing reduced capital requirements for insurers in a bid to spur investment in long-term infrastructure projects. The European Commission, the EU’s executive arm, is considering amending...
New York Fears Audit of Insurer in Albany Probe Could Trigger Insolvency, Rate Hikes
Sep 21 2015 // New York doctors, some of whom already pay 10 times more for malpractice insurance than physicians in San Francisco, may see their rates soar thanks to a state audit beginning this month. Physicians’ Reciprocal...
Aon Benfield Lists 7 Emerging Business Risk Opportunities for Re/Insurers
Sep 21 2015 // Aon Benfield has identified seven emerging risks that present re/insurers with business opportunities over the next five to 10 years, which the announcement listed as “US mortgage credit, the sharing economy,...
