Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
People Moves: Novatae Risk Group Hires Catrabone as Carrier Relations VP
Oct 28 2024 // Novatae Risk Group, headquartered in Dallas, named John Catrabone as vice president of carrier relations. Based in Ohio, Catrabone comes to Novatae with more than 30 years of experience in various insurance industry...
Title Insurer Settles Kickback Charges With District for $500K
Oct 25 2024 // District of Columbia Attorney General Brian L. Schwalb reported that Universal Title will pay $500,000 after an investigation by his office found that the company was engaged in an illegal title insurance kickback...
S&P Reveals Top 50 Largest P/C Insurers
Oct 25 2024 // As the third-fastest growing company on a list of the world’s top 50 largest insurers, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P Global Market...
Australia Sues Insurer QBE Over Pricing Discounts, Shares Slip
Oct 23 2024 // Australia’s corporate regulator is taking QBE to court, alleging that the country’s biggest insurer by gross written premiums misled more than half a million customers about discounts on various products during...
Top 5 Challenges Faced by MGAs in Managing Multi-Carrier Processes and How to Overcome Them
Oct 23 2024 // This post is part of a series sponsored by Selectsys. Managing multi-carrier processes presents significant challenges for Managing General Agents (MGAs). With increasing complexity in the insurance landscape, MGAs must...
7 Ways Carriers Can Leverage Compliance Data for Business Opportunities
Oct 22 2024 // This post is part of a series sponsored by AgentSync. Historically, carriers have been inclined to treat compliance as a series of necessary checklist items to perform. But by shifting your mindset to see compliance as a...
90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs
Oct 21 2024 // Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with...
Agents More ‘Satisfied’ with Commercial Insurers
Oct 21 2024 // Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching...
Why Homeowners Insurers Are Unprofitable and What to Do About It: Aon
Oct 21 2024 // A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers...
Court Finds Ambiguity But No Bad Faith by Insurer in Bible App Data Claim
Oct 17 2024 // The Pennsylvania Supreme Court has let stand a state appeals court ruling that tackled for the first time what is meant by “your computers” under electronic data coverage in a commercial property policy. The...
Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan
Oct 16 2024 // Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters. Most of the amount will be...
Coal Expansion Helps Lure Insurers Back to Australia Producer Whitehaven
Oct 11 2024 // Whitehaven Coal Ltd., one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to take on the...
Hurricane Milton Could Use Up P/C Insurers’ 2024 Catastrophe Budgets
Oct 10 2024 // S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S. property/casualty insurers, affecting underwriting margins and earnings. In a...
Update: Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation
Oct 10 2024 // Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an...
Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers
Oct 9 2024 // A wide cone of uncertainty surrounds insurance experts’ pre-landfall predictions about the state of the industry that will prevail in the aftermath of Hurricane Milton, with most viewing it as a $20 billion-plus loss...
Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest
Oct 9 2024 // Executive Summary: Insurers and reinsurers are responding to heightened risks of civil unrest with better calculations of their probable maximum losses, careful risk pricing, clear contractual wordings, and by using new...
Why Homeowners Insurers Are Unprofitable and What To Do About It: Aon
Oct 8 2024 // A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers...
Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report
Oct 7 2024 // Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to CCC Intelligent Solutions...
A Better Customer Experience: What Agents Should Expect from Insurers
Oct 7 2024 // In today’s competitive insurance environment, successful independent agencies have focused on building their agency’s brand. To that end, agents must focus on working with insurance companies whose service...
Agent Satisfaction With Insurers Holds Strong; Erie Tops for Personal Lines
Oct 2 2024 // Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching...
