Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Sues Owners of Iowa Building Ravaged by Fire
Mar 16 2015 // An insurance company that owns structures next to a downtown Younkers, Iowa, building ravaged by a massive fire last year has a filed a lawsuit against the building’s owners and the companies responsible for its...
Contractual Risk Transfer: The Basics
Mar 16 2015 // Upper tier contractors seek to avoid the financial costs that can arise out of bodily injury or property damage to a third party caused by a lower tier (subcontractor) for which they (the upper tier) could be held...
Insurers, Drugmakers Tussle Over Drug Copay Caps
Mar 13 2015 // The battle over soaring U.S. drug prices is heading for the states. With the price of some treatments topping $100,000, patient groups are pushing for state laws to make sure insurers cover most of the costs. Their...
Nautilus Insurance Group Enhances Commercial Excess Product
Mar 13 2015 // Provides more options, flexibility and launches new platform. Scottsdale, AZ, March 13, 2015 – Nautilus Insurance Group, comprised of Nautilus Insurance Company (“Nautilus”) and Great Divide Insurance...
Third Point Re Says It’s a Real Insurer as IRS Weighs Tightening Tax Rules
Mar 13 2015 // Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it’s more than just a hedge fund investing vehicle as the Internal Revenue Service weighs tightening regulation for offshore...
InsuraMatch Online ‘Super Agency’ Offers ‘Personality-Driven’ Options
Mar 12 2015 // Do you prefer a fixed price or a la carte? How about paperless or paper? Are you a cat person or a dog person? Do you prefer “old school” or “new school”? These are some of the optional questions...
Independent Insurance Agents Defying Doomsayers
Mar 12 2015 // According to analysts, technologists, aggregators and others, the independent agency system is in trouble. Somebody forget to tell independent agents. Or more to the point, the doomsayers perhaps didn’t notice that...
Google Compare May Go Beyond Auto Insurance
Mar 11 2015 // The way Valen Analytics President and CEO Dax Craig describes it, Google’s move into insurance with Google Compare for auto insurance is an “all-aboard, wake-up-and-smell-the-coffee” call to the insurance...
Part of Houston Ship Channel Closed After Tanker, Carrier Collide
Mar 11 2015 // A portion of the busy Houston Ship Channel was shut on March 9 after two ships collided in fog, causing a leak of flammable liquid. Methyl tertiary-butyl ether, or MTBE, a gasoline additive aboard the Danish-flagged...
Capital Ownership, Cost a Challenge for Insurance Industry: Berkley CEO
Mar 11 2015 // The U.S. economy is evolving in many ways, most significantly when it comes to both the cost of capital and the ownership of capital, and that change in capital ownership is a challenge for the insurance industry,...
Anti-Insurance Fraud Measures Needed in Minnesota and Michigan
Mar 10 2015 // Minnesota and Michigan both are confronting significant problems with scammers defrauding auto insurance systems they perceive have relatively soft defenses. Minnesota faces a surge in organized fraud rings that fleece...
Compare.com Confirms Partnership with Google Insurance Comparison Site
Mar 10 2015 // Online auto insurance comparison site compare.com is now working with Google on its auto insurance compare and buy platform, Google Compare, in California. Andrew Rose, CEO of Virginia-based compare.com, said Google...
4 Health Insurers Fined $280K in Md. for Selling Unapproved Student Plans
Mar 10 2015 // Four health insurance companies paid a combined $280,000 in fines to the Maryland Insurance Administration (MIA) for selling unapproved health insurance plans to college students in Maryland, regulators announced last...
FEMA to Impose More Oversight on Flood Insurers, Engineering Firms
Mar 10 2015 // Federal disaster relief officials are keeping a closer eye on companies that help it provide flood insurance, following allegations by Hurricane Sandy victims that claims were denied or underpaid based on manipulated...
Jury Verdict Favors Texas Insurer in Hidalgo County Hail Claim Case
Mar 9 2015 // A Texas-based insurance company has prevailed in the first lawsuit to go to trial over claims from two massive hailstorms in Hidalgo County, Texas, in 2012. The 12-member jury in Amaro v. National Lloyds found that...
Connecticut Gov.’s Budget Shifts $9M in Public Health Expenses to Insurers
Mar 9 2015 // Some of Connecticut’s insurers would pick up the tab for breast and cervical cancer detection, AIDS services and venereal disease control under Gov. Dannel P. Malloy’s proposed two-year, approximately $40...
P/C Insurers Face $1 Billion Tab for February Storms in U.S.
Mar 9 2015 // February storms in the U.S. are expected to cost insurers more than $1 billion, according to the latest Global Catastrophe Recap from Aon Benfield’s Impact Forecasting. Five separate storm systems hit the U.S. during...
Insurers, Brokers and Clients Express their Views on the Industry
Mar 9 2015 // The Economist’s Insurance 2015 Conference, which took place on Tuesday, March 15, at the ornate Clothworkers Hall in London, featured a panel that expressed the views of insurers, brokers and their clients in a...
State Farm to Pay $352.5M to Settle Texas Residential Overcharges Case
Mar 9 2015 // A settlement has been reached in a long-running dispute between the nation’s largest homeowners insurer and the state of Texas over premium overcharges. The Texas Office of Public Insurance Counsel (OPIC) announced...
Michigan Pot Grower Who Didn’t Tell Insurer Must Reimburse Claim Payment
Mar 9 2015 // An insurance company that didn’t know about a medical marijuana nursery in a Bay City, Mich., basement can recover more than $130,000 paid after the house was destroyed by fire. A federal appeals court upheld a...
