Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Craigslist a Vehicle for Car Sales Scam, Insurers Say
Jun 1 2015 // An insurance industry-backed crime watch group is warning about an organized auto sales scam involving the popular online marketplace, Craigslist. Working with law enforcement agencies in the Chicago area and across the...
European Central Bank Warns of Risks to Insurers of Low Interest Rates
May 29 2015 // The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone’s...
Hail Claim Litigation Bill Dies in Texas House
May 28 2015 // With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in the House of...
Insurer Will Pay $300K in Michigan ‘Scared-to-Death’ Case
May 28 2015 // An insurance company has agreed to pay $300,000 to settle a lawsuit over the death of an 85-year-old man, ending an unusual dispute over whether the driver may have been literally scared to death before his car slammed...
Low Interest Rates ‘Harmful’ to Insurers & Pension Funds: BlackRock CEO
May 28 2015 // Lowering interest rates around the world to boost the global economy has reached a point where it is now “quite harmful” to clients, including pension funds and insurers, BlackRock Inc. Chairman and Chief...
Texas All Risk General Agency, Inc.’s Technology Brings Growth in Houston
May 28 2015 // Dallas, TX, May 28, 2015 – Following 3 years of exceptional results in personal lines, Texas All Risk General Agency, Inc. is again expanding it’s homeowners/dwelling fire aggregate in the Greater Houston...
First Major California Insurer to Offer Ridesharing Endorsement
May 27 2015 // Farmers will become the first large California insurer to start offering a ridesharing insurance product on Thursday. In an announcement made at the Los Angeles office of California Department of Insurance today,...
Connecticut Insurance Department Licenses New Captive Insurer
May 27 2015 // Connecticut Insurance Commissioner Katharine L. Wade announced that a corporation specializing in consultation and financial management for reinsurance companies is expanding its footprint in Connecticut. The Connecticut...
Some European Insurers, Pension Funds Build Loan Books to Rival Banks
May 27 2015 // Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel...
Insurers Get Ready to Comply With New Mississippi Property Insurance Clarity Act
May 27 2015 // Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the...
For P/C Insurers, 2014 Was Better Than Average Year
May 26 2015 // Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as...
ING to Sell $1.3 Billion of Shares in Insurer NN Group to Institutional Investors
May 26 2015 // ING Groep NV is selling a 1.2 billion-euro ($1.3 billion) stake in insurer NN Group NV as it seeks to exit the company by the end of next year. ING is selling 45 million shares of NN to institutional investors, decreasing...
FEMA Reconsidering Private Insurers’ Role in Flood Insurance
May 26 2015 // Federal officials have agreed to consider a proposal calling for an end to the federal flood insurance model that allows private insurance carriers to write and service policies. Senator Charles E. Schumer, D-N.Y., citing...
UK’s Regulator Criticizes Insurers for Failures in Handling Claims for SMEs
May 22 2015 // The UK’s Financial Conduct Authority criticized the insurance industry for “poor practices” and “significant” failures in handling claims for small and medium-sized enterprises (SMEs). The...
The Scoop on Recall Insurance and Listeria-Linked Ice Cream
May 22 2015 // While peanut butter and cantaloupe made big news in recent years, ice cream is now the latest item to be pulled off grocery store shelves due to foodborne-illness. Brenham, Texas-based Blue Bell Creameries’...
Health Insurer CareFirst Says Cyberattack Stole Data of 1.1M Users
May 21 2015 // CareFirst BlueCross BlueShield, which sells health insurance in Maryland, Virginia and the District of Columbia, said on Wednesday that a cyberattack compromised the data of 1.1 million current and former...
Brokerslink Signs Partnership Pact with African Insurer Saham Finances
May 21 2015 // Independent broker network Brokerslink has signed a three year strategic partnership agreement with pan-African insurance group, Saham Finances. The bulletin said the agreement one of the biggest pan-African insurance...
Missouri General Joins Keystone Insurers Group
May 20 2015 // St. Louis, Mo.-based agency Missouri General Insurance Agency has become a franchise partner in Keystone Insurers Group. Missouri General offers business and personal insurance, and benefits and financial...
Montana Bank and Insurer Sue Over Who Pays $24.5M Verdict
May 20 2015 // First Interstate Bank and its insurer are suing each other over who gets to pay a defunct Missoula, Mont. logging company its $24.5 million verdict upheld by a state judge in April. The Missoulian reported Kelly Logging...
Courts and Carriers Can Misapply the Absolute Pollution Exclusion
May 19 2015 // Never let it be said that an exclusion would or could be misapplied; but the absolute pollution exclusion likely qualifies as the most misapplied exclusion within the commercial general liability (CGL) policy. Reasons for...
