Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Unlicensed Health Insurance Companies Targeting Delaware Seniors
Sep 21 2017 // Senior citizens are being warned to be on the lookout for unlicensed health insurance companies in Delaware. The companies have been marketing and selling plans to residents of long-term care and nursing home facilities in...
States Need Better Protections for Insurance Consumers in Natural Disasters: Rutgers Report
Sep 21 2017 // As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers Center for Risk and Responsibility at the Rutgers Law School in Camden, N.J., suggests...
Insurers Oppose Latest Republican Obamacare Repeal Effort
Sep 21 2017 // Insurance-industry groups said Wednesday that they oppose a Republican proposal to repeal and replace the Affordable Care Act, joining health-care providers in asking Senators to reject the bill. America’s Health...
Fitch: Hurricane Irma Losses Substantial, But Won’t Weaken Insurer Ratings
Sep 21 2017 // Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss estimates, according to a report from Fitch Ratings. The ratings agency said these losses will...
After the Storm: Insurance Agents E&O Lessons Learned
Sep 20 2017 // Editor’s Note: This is a republication of a January, 2013 article by Sally Coombs, who was then with Fireman’s Fund Insurance Co, which is now integrated into Allianz Global Corporate & Specialty...
Zebra Online Insurance Agency Gets $40M from Investors and New CEO from Kayak
Sep 20 2017 // The Zebra, an online auto insurance comparison marketplace, plans to use $40 million in new venture funding to double down on brand building, product expansion and customer outreach. Company co-founder and Chief Operating...
A.M. Best Warns on Hurricane Maria Impact on Caribbean/Puerto Rican Insurers
Sep 20 2017 // Many insurers and reinsurers in the Caribbean and in Puerto Rico will be tested as they brace for Hurricane Maria, the second hurricane to hit the region in two weeks, according to ratings agency A.M. Best. Hurricane Maria...
Kansas Banker Sentenced to Prison for Defrauding Bank, Insurance Company
Sep 20 2017 // Prosecutors say a former Kansas banker has been sentenced to prison eight months in prison for a wire fraud scheme that included the theft of funds from Labette Bank and its insurance company subsidiary, as well as filing...
2 New Insurers Approved to Do Business in Arkansas
Sep 20 2017 // Arkansas Insurance Commissioner Allen Kerr has approved two new companies to begin conducting insurance business in his state. Kerr granted a Certificate of Authority to Security First Insurance Co. (SFIC) of Ormond Beach,...
XL Group Picks Dublin for Post-Brexit EU Headquarters
Sep 20 2017 // XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The insurer and reinsurer...
EU Seeks More Control Over Insurers and Financial Sector
Sep 20 2017 // The European Commission proposed on Wednesday transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure...
California Commissioner Sums up Trump Battle, High on Cannabis Insurance
Sep 19 2017 // It’s David vs. Goliath. That about sums up California Insurance Commissioner Dave Jones’ feelings on his efforts to keep the remnants of Obamacare up and running in his state while President Trump does his best...
Insurers Hope Insurtech Will ‘Nudge’ Customers to Less Risky Behaviors
Sep 19 2017 // Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. The lure of products promising...
Chinese Insurer ZhongAn Initiates $1.5 Billion Hong Kong IPO
Sep 18 2017 // ZhongAn Online P&C Insurance Co., China’s largest online insurer, started taking orders for a Hong Kong initial public offering that could raise as much as $1.5 billion. The Shanghai-based company is offering...
Firms Hit by Harvey, Irma Hope Business Interruption Coverage Pays Off
Sep 18 2017 // Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers. Exclusions in the fine print of policies, along...
Georgia Insurance Head Directs Insurers to Exercise Leniency in Wake of Irma
Sep 18 2017 // Georgia’s insurance commissioner has issued a stern message to the insurance industry in the aftermath of Hurricane Irma, saying in a directive to insurance companies on Thursday that they are to exercise leniency in...
A.M. Best: Hurricane Irma to Test Florida Market Newbies
Sep 18 2017 // Although insured losses as a result of Hurricane Irma will not be as severe as originally forecast, the storm still represents a sizeable catastrophe event that will test the infrastructure and potentially strain the...
Researcher Says Some Auto Insurers Illegally Overcharge Michigan Women
Sep 18 2017 // A group defending Michigan’s auto insurance system says it has uncovered instances of insurers illegally selling more expensive policies to women and widowed drivers, raising questions about state oversight of rating...
Mixed Messages Sent Over Texas’s New Cat Claims Statute
Sep 18 2017 // Ambiguity surrounding a Texas law that went into effect on Sept. 1 had insurance industry representatives and attorneys who represent insurance policyholders issuing conflicting messages to insureds who may have suffered...
Brokers Keep Trucking Market Motoring Despite Insurer Exits
Sep 18 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
