Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Missouri Joins Other States in Barring Insurers’ Use of Price Optimization
Jan 25 2016 // In mid-January, the Missouri Department of Insurance issued a bulletin to insurers reminding them that the rating practice generally known as “price optimization” is prohibited in the state. “Price...
Something to Consider: Future Trends and the Insurance Industry
Jan 25 2016 // What will the insurance industry be like in 15 years? The future will arrive whether the industry is ready or not. And while even so-called experts are no better than the average person in predicting it, what’s most...
Report: Mississippi Insurers Not Overcharging Coastal Residents
Jan 25 2016 // Results of Mississippi’s Clarity Act Data Call are in and they confirm what insurance experts in the state say they already knew: insurers are not overcharging coastal residents in Mississippi. In fact, many...
China’s Insurance Marketplace Explained in California Symposium
Jan 25 2016 // Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of...
Vermont Licensed 33 New Captive Insurers in 2015
Jan 25 2016 // Vermont licensed 33 new captive insurance companies in 2015, according to data released by the Vermont Department of Financial Regulation. 2015’s new licensees bring Vermont’s overall total licenses to 1,062...
Two Florida Clinic Owners Charged With Defrauding Insurers
Jan 24 2016 // The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of two unlicensed clinic owners from Miami-Dade County. Noel Ruiz of Miami and Alberto B Franco of Hialeah were...
Bond Insurers’ Lawsuits Against Puerto Rico to Be Combined
Jan 22 2016 // A second lawsuit over Puerto Rico’s debt default will be joined with a similar suit in order to save time and money and avoid inconsistent rulings, a U.S. federal judge said on Thursday. Financial Guaranty Insurance...
Aspen Acquires Crop Insurer AgriLogic
Jan 20 2016 // Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspens’s specialty insurance business. AgriLogic, headquartered in...
What to Expect in U.S. Casualty Markets in 2016: Marsh
Jan 20 2016 // The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh...
Poland’s Largest Insurer, PZU, Appoints Executive at Bank of America as CEO
Jan 20 2016 // PZU SA appointed Michal Krupinski, an executive at Bank of America Inc. and former deputy treasury minister, as chief executive officer of Poland’s largest insurer, in the latest change as Poland’s new...
Marine Insurers Cautious About Re-Entering Iran, Despite Lifting of Sanctions
Jan 19 2016 // Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Tehran has...
Louisiana Citizens Property Insurer Plans Rate Changes
Jan 19 2016 // Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The...
Virginia City, Insurers Settle Suit Filed by Wrongfully Convicted Man
Jan 14 2016 // The city of Newport News, Virginia, and its insurers have paid $2 million to settle a lawsuit brought by a man who spent nearly 23 years in jail before a judge tossed his conviction. The Daily Press reports that the...
China’s Insurance Marketplace Explained in California Symposium
Jan 13 2016 // Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of...
MetLife Spinoff Plan Could Add to Pressure on AIG to Split
Jan 13 2016 // After General Electric Co. began selling finance operations to exit too-big-to-fail status, American International Group Inc. Chief Executive Officer Peter Hancock said it wasn’t clear that escaping the government...
Oklahoma Licensed 26 Captive Insurers Last Year
Jan 13 2016 // Oklahoma’s captive insurance industry grew in 2015 with the licensing of 26 captive insurers, the Oklahoma Insurance Department announced. With the addition of the 26 new captives, Oklahoma currently regulates 73...
Brit Ltd. Renews and Expands its Bermuda Special Purpose Insurer, Versutus
Jan 13 2016 // Brit Ltd. announce the renewal and expansion of the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer Versutus Ltd., in support of Brit’s property treaty portfolio for...
Update: Dutch Insurer Aegon Plans $432M Share Buy-Back, to Cut U.S. Costs
Jan 13 2016 // Aegon NV jumped the most in almost six years after saying it plans to buy back 400 million euros ($432 million) of shares and cut costs to improve its return on equity. The Dutch owner of insurer Transamerica Corp....
Report: Mississippi Insurers Not Overcharging Coastal Residents
Jan 12 2016 // Results of Mississippi’s Property Insurance Clarity Act Data Call are in and they confirm what insurance experts in the state say they already knew: insurers are not overcharging coastal residents in Mississippi. In...
Insurers to Pay Port in Washington Soil Contamination Suit
Jan 12 2016 // A Cowlitz County, Wash. judge has ordered insurers to pay the Port of Longview $2.45 million in attorney fees in an ongoing lawsuit over soil contamination. The Daily News reported that the order is the latest development...
