Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Top 3 Trends that Can Affect Residential Property Valuations
Sep 4 2015 // This post is part of a series sponsored by CoreLogic. Accurate property valuation is critical to insurers as well as homeowners. In the event that a property is undervalued, insurers lose out on premium revenue while the...
Missouri Fines Insurer Safe Auto for Alleged Violations
Sep 4 2015 // Missouri motorists insured by Safe Auto may receive a refund or credit following a market conduct examination conducted by the Missouri Department of Insurance. The department contends that the auto insurer failed to...
North Carolina Man Accused of Defrauding Insurance Companies
Sep 4 2015 // North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of William Jeffery Barnhardt, 65, of West End, Moore County; he is charged with two counts each of insurance fraud and obtaining property by false...
Blackstone Acquires Major Interest in Mortgage Insurer PMI
Sep 3 2015 // Blackstone Group LP acquired a “significant equity stake” in mortgage insurer PMI Group Inc. Blackstone, the New York-based private-equity firm, will provide a loan to PMI for working capital and gains the...
Tennessee Supreme Court Rules for Insurer in Assignment of Benefits Case
Sep 3 2015 // The Tennessee Supreme Court has affirmed a Court of Appeals decision that a chiropractic patient’s assignment of benefits was not an effective assignment of his rights to insurance proceeds from a third party’s...
Study Says European Insurers’ Assets under Management Hit $11 Trillion
Sep 2 2015 // European insurers’ assets under management jumped 9.4 percent to €9.9 trillion ($11.15 trillion) in 2014 from a year earlier, trade body Insurance Europe said on Tuesday, mainly driven by increased investment by...
Penn. Advises Homeowners to Reduce Property Hazards, Avoid Coverage Loss
Sep 1 2015 // Pennsylvania Insurance Commissioner Teresa Miller is advising consumers that the Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer...
District of Columbia Issues Price Optimization Ban Bulletin
Aug 28 2015 // The District of Columbia’s Department of Insurance, Securities and Banking (DISB) this week issued a bulletin notifying property/casualty insurers doing business in the District that price optimization is...
Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett
Aug 28 2015 // Investors hunting for yield after a global financial rout might well take a detour to the headquarters of a tiny insurance company hidden away along a highway in west Dublin. Just as world markets cratered on August 24,...
European Re/Insurers Well Positioned to Withstand Market Volatility: A.M. Best
Aug 27 2015 // European re/insurers are well positioned to withstand the current volatility in the stock markets, having made significant changes to their investment portfolios since the global financial crisis of 2008, as well as the...
Insurers Paid $12.9M in Claims Stemming From Baltimore Riot
Aug 26 2015 // The Maryland Insurance Administration says insurance companies have paid $12.9 million in claims stemming from civil unrest in Baltimore linked to the death in April of Freddie Gray. The agency said Tuesday that the...
Maine Issues Bulletin Prohibiting Use of Price Optimization
Aug 26 2015 // Maine Insurance Superintendent Eric A. Cioppa stated in a bulletin published Monday that in Maine, personal lines property/casualty insurers that use price optimization should submit revised rate filings removing such...
Ohio Licenses First Captive Insurance Company
Aug 26 2015 // Lieutenant Governor Mary Taylor announced that Imprise Financial PCC Inc. is now licensed as Ohio’s first ‘protected cell’ captive insurance company. Through its protected cells, Imprise Financial will...
Hurricane Katrina: The Numbers Tell Their Own Story
Aug 26 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
Brazil Insurer Caixa Seguridade, Reinsurer IRB Plan IPOs to Raise $3.6 Billion
Aug 26 2015 // Brazilian insurer Caixa Seguridade Participações SA and reinsurer IRB Brasil RE SA on Tuesday filed plans for initial public offerings that their shareholders expect to raise a combined 13 billion reais ($3.6 billion)...
California Commissioner Applauds Supreme Court Decision Against Hartford
Aug 25 2015 // California Insurance Commissioner Dave Jones is praising a recent unanimous California Supreme Court decision that he said ensures policyholders are protected from insurers refusing to cover third-party liability claims...
How to Know What Insurance Customers Want
Aug 25 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...
Small Fleet Managers Would Choose Insurer for UBI Service: Survey
Aug 25 2015 // More than half of small fleet managers are likely to stay with their current insurance carriers rather than switching if their insurer offers usage-based insurance (UBI) programs, according to a new survey by analytics...
Pennsylvania Says Insurers Are Prohibited From Using Price Optimization
Aug 24 2015 // Pennsylvania Insurance Commissioner Teresa Miller has issued an official notice warning the state’s insurers that they are prohibited from using the price optimization techniques in property/casualty insurance...
Amlin’s CEO Philipps Dampens Market Rumors That Insurer Is for Sale
Aug 24 2015 // Amlin plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd’s of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. “We are not for sale, we...
