Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Regulators Want More Details on Insurers’ Living Wills for Bankruptcy
Jul 29 2015 // Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a collapse, regulators said Tuesday in their first response to the companies’ living wills. The...
Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight
Jul 29 2015 // The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took...
Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base
Jul 28 2015 // In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the venerable insurance industry in the city of Hartford, Connecticut, when it built a suburban office complex in Bloomfield —...
Hospitals, Drugmakers Could Follow Health Insurer Mergers
Jul 28 2015 // Anthem Inc’s decision to buy Cigna Corp., forming the largest U.S. health insurer by membership, will likely speed consolidation across the healthcare industry, from hospitals to drugmakers. Anthem announced its...
Comprehensive Rating Platform Leads to MGA Successes
Jul 28 2015 // Dallas, TX, July 28 2015-Texas All Risk General Agency, Inc. is celebrating single digit mid year loss ratio trends with all 5 of their commercial binding carriers. The company attributes its continued success to their...
Foreign Insurers Take Cautious Look at Iran Business in Wake of Nuclear Deal
Jul 27 2015 // Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are...
The Doctors Co. Challenging Florida’s Order to Decrease Med Mal Rates
Jul 27 2015 // An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set...
Firms Interested in Driver Data Collected by Auto Insurers
Jul 24 2015 // The restaurants and doughnut shops that consumers pass on their commute would love to predict when they’ll be driving by. Their auto insurer may already know, and could be looking for a way to profit from that...
Anthem to Buy Cigna, Creating Largest U.S. Health Insurer by Membership
Jul 24 2015 // Anthem Inc. said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership. The deal – the biggest ever in the health insurance industry – comes...
India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz
Jul 23 2015 // As Nestle SA slugs it out with India’s food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American International Group...
London Imports Climate-Related Risks Through Insurers, Supply Chains
Jul 23 2015 // London is importing climate-related risks through investments, insurers and supply chains, according to a new report that details dangers posed to the UK capital by global warming beyond the physical effects. More than...
A.M. Best Special Report: Florida Property Insurers Remain Untested
Jul 23 2015 // The property insurance market in Florida has significantly shifted in market share as Citizens Property Insurance Corp. (Citizens)—the state-run property insurance company—continues to depopulate and move policyholders...
Conn. Court Overturns $35M Verdict in Hartford’s Auto-Repair Labor Rate Case
Jul 22 2015 // The Connecticut Supreme Court on July 13 unanimously overturned nearly $35 million in damages against the Hartford Fire Insurance Company. In its 18-page decision, the Supreme Court said the lower court had incorrectly...
Bad Faith Liability and an Insurer’s Refusal to Settle
Jul 22 2015 // Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can be...
Travelers Q2 Profit Up 19% on Lower Catastrophe Costs
Jul 21 2015 // Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit advanced 19 percent as natural disaster costs dropped. Net income climbed to $812 million, or $2.53 a...
Brazil Economy Challenges Re/Insurers; No Rating Impact Expected: A.M. Best
Jul 21 2015 // As Brazil’s sovereign ratings hover just above non-investment grade status, A. M. Best said it is considering the effect a future sovereign downgrade would have on rated re/insurers’ balance sheets and...
Price is Important! Well, Not So Much!
Jul 20 2015 // What steps do you take to assure your client has the best insurance carrier? The “best” carrier is the one that best combines coverage (protection), service, and price. Coverage (Protection) Why do your clients...
Insurer’s Refusal to Settle Can Lead to Bad Faith Liability
Jul 20 2015 // Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can be...
What Insurers Want to Know When Considering Wearable Devices
Jul 20 2015 // In a recent blog on the subject, Mark Breading, a partner at SMA, weighed whether wearables would hurt or benefit insurers. He provided some key questions insurers should consider in developing wearables strategy. They...
Near National P/C Carriers Identified for 2015
Jul 20 2015 // The Demotech Company Classification System, established in the Feb. 12, 2007 issue of Insurance Journal, categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National...
