Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
China’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
May 11 2015 // Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will sell the shares...
Insurers Warn About Car Sales Scam on Craigslist
May 8 2015 // An insurance industry-backed crime watch group is warning about an organized auto sales scam involving the popular online market place, Craigslist. Working with law enforcement agencies in the Chicago area and across the...
N.Y. Court Revives Bond Insurer’s $120M Lawsuit Against Goldman Sachs
May 7 2015 // New York’s top state court on Thursday revived a bond insurer’s $120 million lawsuit claiming Goldman Sachs Group Inc lied about a pool of securities backed by subprime mortgages during the period leading up...
Constellation Acquiring Medical Professional Liability Insurer Arkansas Mutual
May 6 2015 // Constellation, a mutual holding company, announced that Little Rock-based medical professional liability insurance provider, Arkansas Mutual Insurance Co., is joining its family of companies. Arkansas Mutual will be the...
Insurers See Impact from Wearable Devices Within 2 Years
May 6 2015 // Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry, according to a survey in Accenture’s annual Technology Vision report. The survey of more than 200 insurance...
How Wearable Devices Could Disrupt the Insurance Industry
May 6 2015 // Nearly 50 years after Captain Kirk began using his wrist communicator on the television show, Star Trek, wearable technology is taking hold. From Fitbit and Nike Fuelbands to Google Glass and Golden-I, the technology is...
India’s Raise of Foreign Insurers’ Investment Cap a ‘Positive Step’: AIA
May 6 2015 // Stephen Simchak, director of international affairs for the American Insurance Association (AIA) In his testimony before the U.S. International Trade Commission (ITC) on trade and investment policies in India. Has welcomed...
Florida Commissioner McCarty Touts State Regulation Before Congress
May 6 2015 // Florida Insurance Commissioner Kevin McCarty championed flexible state insurance regulation and warned against “one-size-fits-all” bank-like regulation for insurers in recent testimony before the U.S. Senate...
Agent Support, Ratings Added to Expanding Google Compare
May 5 2015 // The auto insurance comparison website Google Compare is expanding into Texas, Illinois and Pennsylvania, as well as adding ratings and insurance agent support. That announcement was made Tuesday by Stephanie Cuthbertson,...
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 5 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
Insurers Warn Against Encroachment on State Regulation
May 5 2015 // Insurance companies are calling for Congress to ensure state-based insurance regulation remains protected from federal or international “regulatory encroachment.” “Congress must now increase its oversight...
In Land of Negative Yields, Even Conservative Insurers Eye Junk Bond Investments
May 5 2015 // The new fixed-income haven is, of all things, the market for junk bonds. With government securities in Germany to Japan and Ireland yielding less than nothing, money is pouring into exchange- traded funds that buy...
Southeast Schools Hoping to Fill Need for Insurance Cybersecurity Experts
May 5 2015 // The insurance industry, like other businesses, has come to realize it needs to do more to protect its companies, customers, employees and portfolios from cyber threats. Cyber-savvy professionals are in high-demand and are...
Fitch Upgrades Citizens’ Coastal Account, Outlook Stable
May 5 2015 // Fitch Ratings has assigned an ‘AA-‘ rating to the following senior secured bonds of the Citizens Property Insurance Corp., Coastal Account (formerly known as the High Risk Account): –$750 million series...
New Jersey Woman Gets Prison Term for Filing False Claims With Insurer
May 4 2015 // A New Jersey woman who submitted more than $500,000 in fraudulent health care claims to her insurer is now headed to prison. State authorities say 41-year-old Donna Dzienisewski, of Middletown, received a three-year term...
RIMS Report: Uber Touts Ridesharing Insurance Solution
May 4 2015 // In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses have bristled over the higher insurance costs they must bear compared to...
Best Affirms Ratings of XL and Subs; Removes from Under Review
May 4 2015 // A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the ongoing...
State Regulation Worked in Red Rock/Foster Jennings Case: Oklahoma Commissioner
May 4 2015 // The circumstances surrounding the liquidation of a small Oklahoma insurer highlight the concern over how effectively state insurance regulators are able assess potential buyers of insurance companies, according to a recent...
Georgia High Court Sides with XL in Consent to Settlement Dispute
May 4 2015 // The Georgia Supreme Court denied an insured’s bad faith claim against its insurer for its refusal to pay a settlement because the insured settled on the amount without the consent of the insurer that was required by...
How Analytics Technology Can Speed Integration Post-M&A
May 4 2015 // The record number of merger and acquisition (M&A) transactions involving insurance brokers and agents throughout the United States in the past year underscores the imperative for these firms to accelerate growth and...
