Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How Long Will Health Insurers Remain Patient with Obamacare?
Nov 20 2015 // The fate of Barack Obama’s signature health- care law may depend on how long Anthem Inc. and Aetna Inc. are willing to wait before starting to make money off it. The two insurers are on the hot seat now that...
XL Buys Stake in High-Net Worth Insurer PURE
Nov 20 2015 // XL Group Plc, the Dublin-based insurer run by Chief Executive Officer Mike McGavick, acquired a stake in Privilege Underwriters Reciprocal Exchange, which takes on risks for wealthy clients and received funding from KKR...
Maryland Issues Bulletin on Commercial Policy Cancellation Notices
Nov 19 2015 // Property/casualty insurers writing commercial policies in Maryland are no longer required to file for approval the cancellation or nonrewal notices they send out to insureds, the Maryland Insurance Administration announced...
Iowa Hospital, Minnesota Insurer Form Insurance Company
Nov 19 2015 // Des Moines, Iowa-based hospital and medical clinic company UnityPoint Health is getting into the health insurance business. The company said it has partnered with Bloomington, Minn., health care provider and insurer...
GEICO 1st Auto Insurer in N.Y. to Offer Digital ID Cards for Policyholders
Nov 18 2015 // New York Gov. Andrew M. Cuomo announced that GEICO has become the first insurer in New York State to complete the certification process through the Department of Motor Vehicles to allow customers to begin using electronic...
Telematics Changing Drivers’ Behavior: Insurance Research
Nov 18 2015 // Telematics devices offered by auto insurers appear to working to change the behavior of drivers. More than half (56 percent) of the 1,135 drivers participating in an Insurance Research Council (IRC) public opinion survey...
Tianjin Port Explosions to Cost Industry at Least $2 Billion: Insurer Filings
Nov 18 2015 // Insurer Talanx AG’s $122 million loss from port explosions at Tianjin, one of China’s worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to almost $2...
Minnesota Bars Use of Price Optimization in Insurance Rates
Nov 17 2015 // Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in setting rates for auto and homeowners insurance. Rothman said the anti-consumer...
The Price of Price Optimization in Insurance
Nov 17 2015 // The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are labeling the practice...
Columbia Lloyds Insurance Company Appoints John R. Todd as New President / Chief Executive Officer and Sam Bana as Chief Operating Officer
Nov 17 2015 // Pictured left to right: Sam Bana, COO and John R. Todd, President & CEO Houston, TX, November 6, 2015 – Columbia Lloyds Insurance Company, a leading provider of Homeowners and Tenant Dwelling insurance throughout...
Consumer Groups, Unions Form Coalition to Oppose Health Insurer Mergers
Nov 16 2015 // Two U.S. consumer groups announced the formation of a coalition with New York labor unions last week to press antitrust regulators to oppose big insurance mergers that would cut the number of nationwide for-profit health...
How to Know What Insurance Customers Want
Nov 16 2015 // What do today’s customers want from insurance providers? They want understanding, interaction, even a relationship. But they vary in when and how they wish to learn, interact and build a relationship. Insurance...
Top 25 Workers’ Compensation Insurers: A.M. Best
Nov 16 2015 // The U.S. workers’ compensation market saw solid gains in 2014, thanks in part to premium increases and favorable claims frequency. This was the fourth consecutive year in which the industry reported improved results,...
P/C Direct Premium Written Up Nearly 4.7 Percent
Nov 16 2015 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported, a record high for the industry. For 2014, total...
The Rebound Continues as Contractors & Builders Expect to Grow Again in 2016
Nov 16 2015 // The Rebound Continues as Contractors & Builders Expect to Grow Again in 2016 Builders and contractors can expect another year of steady growth in 2016 and so can the insurance specialists that serve this rebounding...
Top 10 Market Conduct Actions Against P/C Insurers
Nov 16 2015 // Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property/casualty insurers in 2014, according to Wolters...
Survey: Insurers Spent $1.52B with Diverse California Suppliers Last Year
Nov 16 2015 // Diverse California businesses supplied $1.52 billion in goods and services to insurance companies last year, according to a survey by the California Department of Insurance. The 2014 tally was a $587 million increase since...
Oil Company Prevails in Suit Against Insurers over Pipeline Rupture
Nov 16 2015 // An Arkansas federal jury has awarded an oil company nearly $72 million in damages from lost income and expenses stemming from the breach of a pipeline carrying oil from Louisiana to Arkansas. In litigation heard in federal...
Louisiana Citizens Property Insurance to Shed More Policies in 2016
Nov 15 2015 // Louisiana’s property insurer of last resort expects to shift about 10,000 policies to private insurance companies for 2016, a move that will reduce premiums by roughly $20 million. Interim Chief Executive Officer...
Delaware Officials Say Several Insurers Received Fraudulent Invoice
Nov 12 2015 // The Delaware Department of Insurance issued a bulletin to all insurance carriers doing business in Delaware, warning them to look out for deceptive invoices. The bulletin No. 80 (“Deceptive Solicitation From...
