Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurance Alliance Network – #19 Agency Partnerships 2019
Sep 2 2019 // $37,053,881 2018 Total P/C Revenue Every agency maintains independent ownership in their book of business when they become a member of the Insurance Alliance Network, part of the Alera Group. According to Jane D....
SIAA – #1 Agency Partnerships 2019
Sep 2 2019 // $1,211,398,245 2018 Total P/C Revenue The SIAA business model has been operating since 1983 in the Northeast and nationally since 1995. The organization operates with 48 local master agencies with over 350 associates...
Canada Insurer The Co-operators Acquires Quebec Broker, Cadieux Beausejour Dupras
Aug 30 2019 // Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc. Financial details of the deal were not disclosed. The brokerage’s portfolio includes...
How Insurers Help Design High-End Homes That Mitigate Disaster Risk
Aug 30 2019 // Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage,...
With New, Legal Cannabis Industries, Illinois and Missouri Can Learn from Pioneer States
Aug 30 2019 // As Illinois and Missouri undertake the process of licensing businesses in their newly legalized cannabis industries — recreational in Illinois and medical in Missouri — they have the advantage of taking what has worked...
Update: Florida Prepares for Hurricane Dorian; CoreLogic Cites $145B Exposure
Aug 29 2019 // Hurricane Dorian has set its sights on the Southeast coast, with Florida likely to be the state that feels the biggest impact when it makes its U.S. landfall sometime over the weekend or early next week, according to...
European Insurers Are Having a Rough Time This August – Here’s Why…
Aug 29 2019 // European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings as well as some companies’ exposure to Asia are making things even...
Top 10 Commercial Auto Insurers: Winners and Losers in Fast-Growing Market
Aug 29 2019 // The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In fact, a decade of...
More Tesla Solar Panel Claims Emerge; 2 Home Insurers Allege Negligence
Aug 29 2019 // One evening last year, David Burek noticed charred wood and a burning smell in his attic, near his young sons’ bedroom. He climbed a ladder and saw a melted connector wire from the solar panels installed on the roof...
When Insurance Companies Fail at the Promise
Aug 28 2019 // I read an article last week about the intersection of gig work, an innocent injured party, insurance, and big business. Let me summarize the best I can. A driver is in traffic and is suddenly hit by another driver, who was...
North Carolina Insurers Request 19.2% Rate Increase for Dwelling Policies
Aug 28 2019 // The North Carolina Department of Insurance has received a dwelling insurance rate filing from the North Carolina Rate Bureau requesting a statewide average rate increase of 19.2%, varying by territory. The N.C. Rate...
Florida Insurer American Integrity Launches Policyholder Home Maintenance App
Aug 28 2019 // American Integrity Insurance Co., a Tampa, Fla.-based home insurance carrier, has introduced a new, free home platform app designed to provide tools and information for customers to maintain their home and...
Insurer Not Responsible for Workers’ Comp Claim Due to Overdose Death
Aug 26 2019 // The New Hampshire Supreme Court has affirmed a decision by the New Hampshire Compensation Appeals Board (CAB) denying an estate’s request that its insurer pay workers’ compensation benefits to the estate as a...
5 Insurtechs Working to Improve Agency Processes, Efficiency
Aug 26 2019 // Independent insurance agents can find sifting through the many insurtech products to pinpoint ones suited to their needs is a daunting assignment. But it’s an assignment they must tackle, according to agency...
P/C Insurers’ First-Half Underwriting Income Drops; Downgrades Outpace Upgrades: A.M. Best
Aug 26 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
New Business Up 20% at Insurer AIA on Hong Kong, China Sales
Aug 23 2019 // Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value,...
Wildfires Making Insurance Harder to Find, California Department of Insurance Says
Aug 21 2019 // Severe wildfire seasons have made it harder for homeowners to find insurance in high wildfire-risk areas, according to new data collected by the California Department of Insurance. The data released this week from the CDI...
Florida Insurer American Integrity Appoints Dowd as EVP
Aug 21 2019 // American Integrity has appointed industry veteran Dick Dowd as executive vice president. Dowd will report to Bob Ritchie, president and CEO, and be responsible for all sales and marketing staff and initiatives. He will...
Top 15 Earthquake Insurance Companies
Aug 21 2019 // Earthquake coverage is available mostly from private insurance companies. In California homeowners can also get coverage from the California Earthquake Authority (CEA), a privately funded, publicly managed organization....
Chesapeake Employers’ Insurance Company Appoints Madden to Board of Directors
Aug 21 2019 // Martin G. Madden, a former senior advisor to Maryland Governor Larry Hogan from 2015 to 2017, was appointed to the board of directors of Chesapeake Employers’ Insurance Company, effective June 1, 2019. Madden will...
