Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ohio Court: Insurance Department May Take Over Health Insurer
May 30 2016 // The state’s insurance department is taking over a company that provides health insurance to nearly 22,000 residents, mainly in central Ohio. The move affects those holding InHealth Mutual policies from Coordinated...
Liability Insurer Accuses Surgical Robot Maker of Hiding Injury Claims
May 27 2016 // It’s health insurers’ cardinal rule: disclose pre-existing conditions. Now comes a case in which that familiar decree involves not a patient, but rather a $1.5 million surgical robot known as the da Vinci...
Texas’ Coastal Wind Insurer Expects $4.9B in Funds for 2016 Hurricane Season
May 27 2016 // While its reinsurance plans for the 2016 hurricane season haven’t yet been nailed down, Texas’ insurance company of last resort for wind and hail along the Texas coast expects to have around $4.9 billion in...
What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris
May 26 2016 // It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015...
The Unpleasantness of Selling and Buying Insurance
May 26 2016 // Do you have a minute to talk about your death? It isn’t easy to sell life insurance. Investing in a mutual fund, you feel like you’re saving money. Purchasing insurance, you feel like you’re spending...
Are Ridesharing Drivers Safer Than Average American Drivers?
May 26 2016 // Ridesharing drivers are safer drivers than the average American behind the wheel, according to research by Boston-based Aite Group. The researchers, using driving analytics data, conclude that average consumers are safer...
Dutch Insurer NN Group Plans to Buy Back Shares Worth $559 Million
May 26 2016 // NN Group NV, the second-biggest Dutch insurer, said it will buy back as much as 500 million euros ($559 million) of shares over the 12 months from June as it returns excess capital to investors. First-quarter operating...
Swiss Re’s List of Emerging Risks Range from Blockchain Tech to Human Cyborgs
May 26 2016 // A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three,...
Pennsylvania Advises Insurers on Arson, Insurance Fraud Reporting Rules
May 26 2016 // The Pennsylvania Insurance Department recently issued a notice to advise and remind insurers of their obligations under the state’s law in the reporting of suspected arson and insurance fraud. The department also...
Oklahoma Commissioner: 4 Insurers Have 55% of Earthquake Market
May 25 2016 // Data released at a May 24 hearing to determine the competitiveness of earthquake insurance coverage in Oklahoma shows that four insurance companies have 55 percent of the market in the state. That’s a concern for...
PBS/NPR Documentary Adds to Criticism of Private Insurers, FEMA Over Profits on Flood Insurance
May 25 2016 // Private insurance companies working for the government’s flood insurance program have made hundreds of millions of dollars at the same time that thousands of homeowners are claiming they have been underpaid for...
Oklahoma Regulators Warn Insurers on Earthquake Coverage Hikes
May 25 2016 // Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on May 24 they were concerned with spiking rates for earthquake insurance coverage and...
Flood Damage from UK’s Winter Storms to Cost Insurers $2 Billion: ABI
May 25 2016 // Flood damage in Britain from winter storms has resulted in claims for more than 15,000 homes and businesses and is likely to lead to pay-outs of 1.3 billion pounds ($1.9 billion), the Association of British Insurers...
Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments
May 24 2016 // Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of...
Insurers Rethinking $17.7 Billion Invested in Hedge Funds
May 24 2016 // Insurers have had about enough of hedge funds. Stung by market-trailing returns, the insurance industry in the U.S. is reversing course after more than doubling its hedge fund allocation over five years, to $17.7 billion...
Small Group of Bermudian Re/Insurers Drive Overall Q1 Premium Growth: S&P
May 24 2016 // At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report published by Standard &...
South Dakota Lawyer Says Auto Insurer Misled Him about Policy
May 23 2016 // The former lawyer for a car crash victim accused an auto insurance company of hiding a $1 million policy that could have paid for his client’s medical bills during testimony in court. Attorney Jeff Cole testified in...
2016 Super Regional P/C Insurers™
May 23 2016 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2015 data for property/casualty...
CEO’s Departure at Mortgage Insurer Radian May be Rival’s Opportunity to Acquire: Analyst
May 23 2016 // Essent Group Ltd. may have an opportunity to buy Radian Group Inc., the rival mortgage insurer whose chief executive officer is stepping down, an analyst at BTIG LLC said. “Radian has no clear successor,” for...
Federal Reserve to Propose Lighter Capital Rules for Large Insurers Than Banks
May 23 2016 // U.S. insurers deemed big enough to threaten the financial system will probably face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve Governor Daniel Tarullo said...
