Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Specialty CEO Disputes State Regulator’s Claims, Says Insurer Not Insolvent
Oct 24 2019 // The head of recently shuttered Florida Specialty Insurance Co. says that claims by Florida’s insurance regulator that the company is insolvent are untrue. The company’s CEO, Susan Patschak, argues...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
California Roofer Arrested For Workers’ Comp Fraud, $50K Loss to Insurer
Oct 21 2019 // Herbert Allen Kelly III, 65, of Rancho Murieta, Calif., owner of Kelly Roofing Co., has been arrested on six felony counts of workers’ compensation fraud after allegedly underreporting his business’ payroll and...
California Balks at Applied Underwriters Sale, Questions Subsidiary’s Move to New Mexico
Oct 21 2019 // The California Department of Insurance has denied an application for approval of the sale of California Insurance Co., a subsidiary of Applied Underwriters that was sold in a massive deal that has been under scrutiny over...
Few Hong Kong Firms Have Riot Insurance so They’ll Be Paying for Protest Damages
Oct 21 2019 // Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most violent protests in living memory as few of them bought insurance coverage for riot...
How TRIA Would Handle Another 9/11: I.I.I.
Oct 21 2019 // The Insurance Information Institute’s new white paper, “A World Without TRIA: Incalculable Risk,” shows how the market for terrorism insurance has evolved since the 2001 terrorist attacks — from the...
Reinsurers Take the Technology Lead
Oct 21 2019 // When it comes to innovation and utilization of emerging technologies in the insurance industry, reinsurance companies once led the way as early adopters of technology. But recently, the primary insurance sector has...
How Risk Management is Transforming Risk in Commercial Property
Oct 21 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
26 Insurers Extend Time for 2017 California Wildfire Victims for Living Expenses
Oct 18 2019 // Twenty-six insurers have agreed to extend the time limits for 2017 wildfire survivors to access additional living expense benefits. The companies represent a majority of the total losses from the devastating 2017 wildfires...
James River Insurance Retains Rating After Dropping Its Biggest Customer, Uber
Oct 18 2019 // Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its largest client. A.M Best...
Typhoons Faxai, Hagibis Unlikely to Affect Stability of Japan’s Non-Life Insurers: AM Best
Oct 18 2019 // The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels,...
Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers
Oct 18 2019 // Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union...
Idea Exchange: Missouri Court Rulings Conflict with Insurer Right to Intervene Protections
Oct 18 2019 // The Western District of the Missouri Court of Appeals recently issued opinions that effectively strip any practical effect from a Missouri amendment made to provide certain protections to insurers. In Aguilar v. GEICO Cas....
Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims
Oct 17 2019 // It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured...
Private Flood Insurance Growth Could be Boon for Claims Professionals
Oct 16 2019 // A nudge into the market by carriers offering private flood insurance is becoming more of a shove, which might bring new opportunities for claims adjusters and maybe create a more efficient claims process along the way. An...
Auto Insurance Customer Loyalty Is Declining. Here’s Why.
Oct 15 2019 // Last year more than $6 billion in advertising was pumped into the marketplace to encourage consumers to shop and switch their auto insurance providers. Everywhere consumers look, they are being hit with insurance ads –...
AF Group Appoints Cooper, Travis to New Executive Roles
Oct 14 2019 // National specialty insurance carrier AF Group in Lansing, Michigan, has named Steve Cooper president of Third Coast Underwriters and Abel Travis vice president of Fundamental Underwriters. Cooper currently is president of...
What Agents Should Know Before Joining an Insurance Agency Network
Oct 11 2019 // Today is a great time to be an independent agent, but running an independent agency is not easy. Without an awareness of how the industry is evolving, and having access to ongoing training and education, you may not be...
Cyber Insurance Will Reshape Cybersecurity
Oct 11 2019 // Cybersecurity is broken. It’s a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about the ability of the...
How TRIA Would Handle Another 9/11: I.I.I.
Oct 11 2019 // The Insurance Information Institute’s new white paper, “A World Without TRIA: Incalculable Risk,” shows how the market for terrorism insurance has evolved since the 2001 terrorist attacks – from the...
