Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Obamacare Explosion More Like a Slow Burn for Now
Mar 28 2017 // U.S. President Donald Trump said on Friday that Obamacare was “exploding” after Republican lawmakers shelved legislation that would have dismantled the healthcare law. That’s not going to happen this...
Insurers, Victims Sue Saudi Arabia Over Sept. 11 Terrorist Attacks
Mar 27 2017 // Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks. The lawsuit filed late Thursday in the U.S....
R&Q Acquires Captive Insurer from Fortune 500 Engine Manufacturer
Mar 22 2017 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced the acquisition of ICDC Ltd., a captive insurer of an American Fortune 500 company, for an undisclosed sum. The name of the former parent of the captive...
Thunderstorms Just as Costly to Insurers as Hurricanes: Study
Mar 22 2017 // Risk to U.S. property from thunderstorms is as high as from hurricanes, according to new research finding that for the past decade, severe convective storms have been the largest annual aggregated risk peril to the U.S....
Maryland-Based Chesapeake Employers’ Insurance Company Promotes Adelman
Mar 22 2017 // Chesapeake Employers’ Insurance Company, a Towson, Md.-based provider of workers’ compensation insurance, has promoted Joan Adelman to vice president of legal services. In her new role, Adelman is responsible...
India’s Bank of Baroda Eyes Sale of Insurer, Asset Management Stakes
Mar 22 2017 // Bank of Baroda, India’s third-largest state-run bank by assets, is considering a sale of some of the minority stakes it holds in its insurance and asset-management ventures, according to people familiar with the...
How Medical Liability Insurers’ $30 Billion ‘Cushion’ Is Also Barrier to Profit
Mar 22 2017 // For all the changes in healthcare over the past 10 years, the principal challenges facing medical professional liability (MPL) insurance remain much the same as they have been since its crisis in the mid-2000s: a high...
European Reinsurance Buying Continues to Increase But Demand for Cover Slows: A.M. Best
Mar 21 2017 // The 20 largest European cedants have continued to buy more reinsurance as soft market conditions prevail, although the pace at which retention ratios are falling has been more subdued, according to A.M. Best in a new...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
How the Industry Can Take the Lead on New Food Safety Risks
Mar 20 2017 // The recently finalized Food Safety Modernization Act (FSMA)-related FDA Regulations on Sanitary Transportation of Human and Animal Food has the potential to significantly affect risk management strategies employed by food...
Pennsylvania Court Approves Liquidation of Two Insurance Companies
Mar 20 2017 // The Commonwealth Court in Pennsylvania has approved petitions to liquidate Penn Treaty Network America Insurance Company and American Network Insurance Company, with policyholder claims set to be paid through the state...
Texas Senate Committee Hears Testimony on Tweaked ‘Hail Litigation’ Bill
Mar 20 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
Texas High Court Finds for Insurer in D&O Coverage Dispute
Mar 20 2017 // The Texas Supreme Court recently ruled in favor of an insurer in a case that hinged on the applicability of an insured-v.-insured exclusion in the carrier’s directors and officers (D&O) liability policy. The...
2016 a Strong Year for North Carolina Captive Insurance Industry
Mar 20 2017 // Growth of North Carolina’s captive insurance company program once again exceeded expectations during the program’s third full year of operation, according to Insurance Commissioner Mike Causey. During 2016, the...
Iowa Researchers Say Big Data May Help Improve Trucking Safety
Mar 20 2017 // Helping drivers avoid congestion would increase productivity and improve safety, according to a team of Iowa State University and industry researchers, who believe a solution is using big data technology. The challenge is...
Self-Driving Cars to Transform Motor Insurance in Liability Shift: Fitch
Mar 17 2017 // Widespread use of autonomous vehicles will completely transform the motor insurance sector over the long term when liability begins to shift towards manufacturers and traditional risk pools shrink, according to a report...
Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech
Mar 17 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning of last month about the effects of assignment of...
Pennsylvania Insurance Commissioner Offers Advice for Winter Storm Damage
Mar 16 2017 // Pennsylvania Insurance Commissioner Teresa Miller is offering tips to consumers whose home or automobile may have sustained damage from this week’s winter storm, according to a press release issued by the...
Author of Texas ‘Hailstorm’ Bill Says ‘Significant Changes’ Made
Mar 15 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
Nodak Completes Mutual-to-Stock Insurance Company Conversion
Mar 15 2017 // Nodak Mutual Insurance Co., based in Fargo, N.D., has completed its conversion from a mutual to stock insurance company and the formation of a mutual holding company Nodak Mutual Group Inc. and an intermediate stock...
