Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
West Virginia Funeral Home Sued for Filing False Death Claims to Insurers
Sep 21 2015 // The operators of a Putnam County, West Virginia funeral home are being accused of filing false death claims to insurance companies on behalf of pre-need contract customers who were still alive. Attorney General Patrick...
Pennsylvania to Hold Hearing on Health Insurer Balance Billing
Sep 21 2015 // Pennsylvania Insurance Commissioner Teresa Miller announced that the state’s Insurance Department will hold a public hearing in October on the issue of “balance billing” of health insurance...
Maine Issues Bulletin on Insurers’ Adverse Action Notices
Sep 21 2015 // The Maine Bureau of Insurance recently issued a bulletin on the topic of insurance scoring and adverse action notices. The bulletin 406, “Insurance Scoring – Adverse Action Notices,” was addressed to...
New York Health Insurer’s Data Breach Puts 10M Records at Risk
Sep 21 2015 // Upstate New York health insurer Excellus BlueCross BlueShield said on Sept. 10 that its computer systems and those at affiliates had been breached, exposing data from more than 10 million members, in the latest case to...
Workers’ Comp Premiums Increase By 5.3% in First Half of 2015
Sep 21 2015 // Demotech’s review of second quarter 2015 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 5.3 percent increase...
Why Now Is Time to Privatize Flood Insurance: A Candid Conversation with Hiscox USA CEO Walter
Sep 21 2015 // The private insurance industry is ready and anxious to take on flood risk, and politicians should reform the federal program now to take advantage of this interest, according to the U.S. executive of a leading specialty...
Missouri Fines Insurer Safe Auto for Alleged Violations
Sep 21 2015 // Missouri motorists insured by Safe Auto may receive a refund or credit following a market conduct examination conducted by the Missouri Department of Insurance. The department said the auto insurer failed to provide...
Tennessee Supreme Court Rules for Insurer in Assignment of Benefits Case
Sep 21 2015 // The Tennessee Supreme Court affirmed a lower court’s decision that a chiropractic patient’s assignment of benefits was not an effective assignment of his insurance proceeds from a third party’s insurance...
Cyber Attacks Bring New Clients – Including Insurers – to Defense Firms
Sep 18 2015 // A broadening wave of cyber attacks is drumming up new clients for defense companies as anxiety about the loss of sensitive data spreads from military chiefs to company bosses. Banks, utilities and media groups are the new...
Gen Y Insurance Customers Are Not Happy Bundlers
Sep 17 2015 // The insurance industry has some work to do to win over Gen Y customers, those ages 21 through 38. Members of the Gen Y generation, who were born between 1977 and 1994, are less satisfied with their homeowners insurers than...
Irish Insurers Face Higher Reserves; Fairfax Financial to Invest in FBD Holdings
Sep 17 2015 // Irish insurers will have to set aside significantly more reserves to cover car-crash, workplace injuries and other claims as compensation payouts surge, according to the industry’s regulator. The nation’s...
Guy Carpenter Report Examines Major Emerging Risks Facing Re/Insurers
Sep 16 2015 // A report published by Guy Carpenter & Co., released Sept. 2015, identified four key areas of emerging risk for re/insurers: cyber risk, technology risk, casualty catastrophe and reserving, and life, health and...
Iowa Insurers Assessed $10M for Second Injury Fund
Sep 16 2015 // Sufficient funds are not available to meet the liabilities of the Second Injury Fund in Iowa, the Iowa Insurance Division reported. As result, insurers and self-insured employers in Iowa are being assessed for $10 million....
Hanover Insurance CEO Eppinger to Exit
Sep 16 2015 // Frederick H. Eppinger is stepping down as president, chief executive officer and a director of the Worcester, Mass.-based The Hanover Insurance Group. The announcement said Eppinger, 56, is leaving to pursue other...
Germany’s Talanx Invests in Renewable Energy to Counter Low Interest Rates
Sep 16 2015 // Talanx AG, the German insurance company buying into its first offshore wind farm, said it’s likely to purchase more renewable-energy assets. The insurer sees renewables as offering “long-term, bigger yields...
Moody’s Sees 2015 as Turning Point for P/C Commercial Insurers
Sep 15 2015 // The outlook for the U.S. property/casualty commercial insurance sector is stable but insurers will begin to feel the pressure from compressing margins, according to Moody’s Investors Service. In a new report,...
Aon Launches Cat Model for Marine & Energy Insurers
Sep 15 2015 // Aon Benfield announced it has invested in an innovative catastrophe model to help marine and energy insurers more accurately assess their cargo risks. While there are plenty of catastrophe models in the non-marine sector,...
Texas Associates Insurors Adds Steanson in Austin
Sep 14 2015 // Texas Associates Insurors added J.D. Steanson as its newest risk and insurance advisor, specializing in commercial contractor, home construction contractor and trade contractor risk assessment. Steanson is a member and has...
Maryland Insurance Administration Welcomes 7 New Insurers to Marketplace
Sep 14 2015 // The Maryland Insurance Administration (MIA) today announced seven new insurance companies are approved to offer workers’ compensation and life insurance products in Maryland. “Our goal is to increase options...
Why Now Is Time to Privatize Flood Insurance: a Candid Conversation with Hiscox USA CEO Walter
Sep 14 2015 // The private insurance industry is ready and anxious to take on flood risk, and politicians should reform the federal program now to take advantage of this interest, according to the U.S. executive of a leading specialty...
