Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh
Jun 17 2015 // Abundant capacity and strong competition have contributed to a favorable marketplace for buyers of political risk insurance globally, according to Marsh’s “Political Risk Market Update,” published this...
Federal Reserve Plan for Insurer Capital Standards Rests on States: Reuters
Jun 16 2015 // The U.S. Federal Reserve is considering a proposal for new nationwide insurance capital standards that would rely heavily on the current system of state-based regulations, according to a copy of the plan seen by Reuters...
A.M. Best: European Insurers Tap Capital Markets Ahead of Solvency II
Jun 16 2015 // Low interest rates together with highly liquid and stable financial markets have prompted European insurers to tap the capital markets in their efforts to lower the cost of capital and optimize levels of risk-adjusted...
Kansas High Court: Insurer Must Cover Student Injured in Crash
Jun 15 2015 // The Kansas Supreme Court has ruled that an insurance company should cover a student who was in a private vehicle when he was injured in a crash on the way to a soccer match. The ruling stems from a 2006 accident in which...
Report: Connecticut City’s Insurer Paid $30K to Settle Ebola Fear Lawsuit
Jun 15 2015 // The insurance carrier for a Connecticut city paid $30,000 to settle a lawsuit filed by the family of a third-grader who was barred from school for several days because of Ebola fears. School officials in Milford,...
Despite Being Happy with Auto Insurer, 33% Switch After Shopping Online
Jun 15 2015 // A third of people who shopped for auto insurance online actually changed their insurance carrier, an insurance industry survey found. At the same time, the online opinion survey by the Insurance Research Council (IRC)...
Windstorm Insurance Bill Stirs Lively Debate in Texas House
Jun 15 2015 // Differences of opinion on the never-ending problem of what to do about property insurance along the coast had lawmakers from coastal areas pitted against inland representatives in the waning days of the Texas legislative...
Florida Commissioner McCarty Warns Against U.S. Adopting ‘Bank-Like’ Regulation for Insurance
Jun 15 2015 // Florida Insurance Commissioner Kevin McCarty championed flexible state insurance regulation and warned against “one-size-fits-all” bank-like regulation for insurers in recent testimony before the U.S. Senate...
First Major California Insurer to Offer Ridesharing Endorsement
Jun 15 2015 // Farmers became the first large California insurer to start offering a ridesharing insurance product in late-May. In an announcement made at the Los Angeles office of California Department of Insurance, California Insurance...
Court Revives Suit in N.H. School’s Missing Policy Case
Jun 15 2015 // The U.S. Court of Appeals for the First Circuit has revived a New Hampshire school’s lawsuit seeking to prove that it is still covered by an insurance policy from almost 50 years ago even though there are no longer...
Failure of Texas Hail Claim Litigation Bill a Disappointment to Insurers
Jun 15 2015 // In the last days of the Texas legislative session an insurance industry-backed measure that proponents said would help rein in litigation related to property insurance claims died in the House of Representatives. Passed by...
Philadelphia Insurance Acquires Allen J. Flood Companies in New York
Jun 12 2015 // Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurer for niche markets, announced its acquisition of all outstanding shares of The Allen J....
Where Cyber Insurance Underwriting Stands Today
Jun 12 2015 // “You would think the first question to ask would be: Do insured parties understand the elements and limitations of coverage?” said Kevin Kalinich, speaking on cyber risk. “The real first question is: Do...
Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects
Jun 12 2015 // Projects to capture carbon emissions from power plants and store them permanently underground face “large risk premiums” from insurers because the technology is so new, Royal Dutch Shell plc...
Growth Business: Helping Insurers Recoup Personal Injury Medical Costs
Jun 11 2015 // George Rawlings grabs a stack of computer printouts and stretches them six feet across his office, admiring data from police reports of Florida auto accidents: the names of those hurt and the severity of their...
CBO Confirms Private Insurers Could Take on Way More Terrorism Risk
Jun 11 2015 // I hate to say I told you so. Actually, scratch that. I love to say I told you so. I just wish it weren’t necessary in this case. Back in January, when Congress passed a six-year extension of the federal backstop for...
Health Insurers Ask Pennsylvania Regulators for Big Rate Hikes
Jun 10 2015 // A national upswing of health insurance rates is coming to Pennsylvania, and that could mean bigger-than-expected cost increases next year for at least a couple hundred thousand Pennsylvanians who bought insurance in the...
Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer
Jun 10 2015 // Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine...
Hewlett-Packard’s Insurers to Pay $100M into Autonomy Settlement Fun
Jun 9 2015 // Hewlett-Packard Co. confirmed today that it has agreed to a settlement with PGGM Vermogensbeheer B.V., the lead plaintiff in the securities class action arising from the impairment charge taken by HP following its...
Lloyd’s Specialist Insurer Marketform Promotes Two Underwriters
Jun 8 2015 // Specialist Lloyd’s underwriter Marketform has announced the promotion of Ian West to Head of Financial and Professional Lines. He will also continue as the Class Underwriter for Financial Lines, reporting to Chief...
