Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Fosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks
Sep 14 2015 // Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying spree over the next two years after his Fosun Group snapped up insurers, banks and fashion companies...
New York Health Insurer’s Data Breach Puts 10M Records at Risk
Sep 11 2015 // Upstate New York health insurer Excellus BlueCross BlueShield on Wednesday said its computer systems and those at affiliates had been breached, exposing data from more than 10 million members, in the latest case to show...
Can U.S. P/C Insurers Handle Equity Market Volatility?
Sep 11 2015 // While some are more exposed than others, U.S. property/casualty insurers generally can handle more significant deterioration in global equity market conditions while maintaining capital positions consistent with current...
Republicans’ Suit Against Obamacare Insurer Reimbursements Advances
Sep 9 2015 // Congressional Republicans were allowed by a judge to pursue their lawsuit accusing the Obama administration of violating the Constitution by spending money on the president’s signature legislative achievement, the...
TDI Posts Summary of Bills Affecting Property/Casualty Insurers
Sep 9 2015 // The Texas Department of Insurance has produced a summary of various bills passed by the Texas Legislature this year that impact property/casualty insurance companies. Many but not all of the following were effective Sept....
Maine Issues Bulletin on Insurance Scoring, Adverse Action Notices
Sep 9 2015 // The Maine Bureau of Insurance recently issued a bulletin advising insurers in the state that use credit information in underwriting or rating personal insurance policies. The bulletin examined the topic of insurance...
Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Sep 9 2015 // Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., Lancashire...
How Population Shifts Are Changing Personal Lines Insurance
Sep 8 2015 // There are “far-reaching implications” for personal lines insurers and the products and services they provide as the U.S. continues to undergo changes in its demographic structure, an industry report states. The...
Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals
Sep 8 2015 // MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares surged. The...
Litigation Relief Needed for TWIA Depop Program to Work, Lawmakers Say
Sep 7 2015 // A new law that became effective Sept. 1 in Texas will give the state’s property insurer of last resort for wind and hail along the coast more leeway in its plan to reduce overall exposure by incenting private...
Hurricane Katrina: Every Number Tells a Story
Sep 7 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
What to Know About Insurance Company Financial Status
Sep 7 2015 // I recently listened to an insurance company executive give a discombobulated, “woe is me” speech to a room of agents who were largely ignorant of carriers’ financial success. To summarize his...
S&P: U.S. Insurers Cautious to Respond to Soaring Cyber Demand
Sep 7 2015 // Standard & Poor’s predicts a major jump in demand for cyber insurance in the coming years, with interest initially outstripping supply. U.S. insurers will respond gradually, however, entering the market with...
The Hard Market That Wasn’t
Sep 7 2015 // Are Your Carriers Positioned For What Comes Next? For the U.S., property/casualty industry recent events have mimicked the boxing idiom one, two punch. P/C industry professionals haven’t seen a combination of an...
Cyber Risk Insurers Lag in Buying Cyber Cover
Sep 7 2015 // As recently as two years ago, only half of the top 10 carriers writing cyber insurance had purchased cyber coverage themselves, a broker specialist said recently. During an interview at the Standard & Poor’s...
Insurers Look to Cyber, M&A Coverage as Prices Decline: Marsh
Sep 7 2015 // Commercial insurance rates continued their global decline in the second quarter of 2015, a trend driven by an abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
District of Columbia, Maine, Pennsylvania Nix Price Optimization
Sep 7 2015 // The District of Columbia, Maine and Pennsylvania have recently joined a growing number of states and jurisdictions that issued directives prohibiting the use of price optimization. In Washington, D.C., the Department of...
California Commissioner Applauds Supreme Court Decision Against Hartford
Sep 7 2015 // California Insurance Commissioner Dave Jones praised a recent unanimous California Supreme Court decision that he said ensures policyholders are protected from insurers refusing to cover third-party liability claims when...
California Insurance Company Oversight Law Signed
Sep 7 2015 // California Gov. Jerry Brown in late August signed Assembly Bill 553, which establishes new oversight aimed at reducing the number of insurance company insolvencies. AB 553 was authored by Assemblyman Tom Daly, D-Anaheim,...
Ohio Licenses First Captive Insurance Company
Sep 7 2015 // Imprise Financial PCC Inc. is now licensed as Ohio’s first “protected cell” captive insurance company, according to the Ohio Department of Insurance. Through its protected cells, Imprise Financial will...
