Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Workers’ Comp and the Gig Economy: Status Quo Remains, for Now
Apr 1 2019 // The rise of an on-demand economy once threatened to put workers’ compensation insurers in the hot seat, in large part because the question of how the sector could, or should, cover these individuals remained...
Insurers Cautious About Marijuana Insurance Market
Apr 1 2019 // The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report, “Cannabis:...
How Drones and Aerial Imagery Use Rose to New Heights Post 2018 Catastrophes
Apr 1 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
Today’s Hot Markets
Apr 1 2019 // Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foods Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and...
8 Things to Consider When Buying or Selling an Insurance Agency
Apr 1 2019 // Insurance agency acquisitions and deal values are near an all-time high and all expectations are that deal flow in 2019 will match or exceed last year’s numbers. And while reported numbers tend to skew towards larger...
Attorney Turned Criminal Apologizes to Insurers for Giant Workers’ Comp Fraud
Apr 1 2019 // Sean Enrique O’Keefe said he started out as a “humanistic attorney,” but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers’ compensation claimants to...
Final Four a ‘Big-Ticket’ for Insurers Covering NCAA Tournament
Mar 29 2019 // If the NCAA’s Final Four basketball games were to be cancelled or postponed for any reason, that would be really, really bad news, not only for the collegiate sports association and fans but also for the panel of...
House Committee Passes Bill to Protect Banks, Insurers Serving Marijuana Businesses
Mar 29 2019 // A House committee has advanced a bill to protect financial institutions from criminal prosecution for providing services to legal marijuana businesses. The House Financial Services Committee voted 45 to 15 in favor of the...
California Commissioner Yet to Move on Petition from Climate Activists for More Insurer Regs
Mar 28 2019 // Nobody’s saying much as California Insurance Commissioner Ricardo Lara considers how he will respond to a petition submitted by climate change activists urging him to place new regulations on insurers to disclose...
UK Insurers Pay Record £1 Million ($1.3 Million) Each Day for Vehicle Thefts: ABI
Mar 28 2019 // A surge in vehicle thefts, including keyless car crime, has led to motor insurers paying out a record £1 million (US$1.3 million) every day, according to figures published by the Association of British Insurers (ABI). See...
N.Y. Cyber Reg: A Third-Party Service Provider Compliance Framework
Mar 27 2019 // This writing presents a framework that if adopted by insurance agencies and carriers could simplify and minimize the cost of complying with the New York Department of Finance Regulation 23 NYCRR Section 500.11...
Pennsylvania Treatment Firm Accused of Exploiting Addicts, Insurers
Mar 27 2019 // The Pennsylvania attorney general’s office charged the co-founder and former executives of an addiction treatment firm and accused them of profiting off addicts by fraudulently billing insurance companies for tens of...
Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures
Mar 27 2019 // Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake-up in years in the city’s retail banking...
Hannover Re Offers Match-Making Service for Insurtechs, Insurers Called ‘hr | equarium’
Mar 27 2019 // Insurtech companies across the globe have created an abundance of innovative solutions and services that span the insurance value chain. However, the challenge for both insurers and insurtechs is how to find the best...
Marsh Partners with Insurers on Program to Help Firms Pick Best Cybersecurity Products
Mar 27 2019 // What the insurance industry has done for auto and building safety products, insurance broker Marsh wants to extend to cybersecurity products. That is, recommend the cybersecurity products that are the most effective. The...
Q&A: Mitchell International’s Hatamian Talks Workers’ Comp’s Tech Transformation
Mar 22 2019 // Powered by InsuranceJournal.tv Mitchell International’s product management and strategy group leader, Shahin Hatamian, recently spoke with Insurance Journal’s Elizabeth Blosfield about how technology has been...
Bank of England to Issue Rules for How Banks, Insurers Should Manage Climate Risk
Mar 22 2019 // The Bank of England will soon spell out how it wants banks, insurers and investment companies to manage the financial risks from climate change, Governor Mark Carney said on Thursday. The central bank under Carney has been...
9 Insurance Agency Start-Ups: Why and How They Set Out on Their Own
Mar 22 2019 // What motivates people to take a risk in an industry dedicated to managing risk? New independent agencies are born of various circumstances. Sometimes it’s about seizing an opportunity that comes along; other times,...
Climate Activists Petition for Carriers in California to Reveal Fossil Fuel Insureds
Mar 21 2019 // More than 60 environmental, consumer and social justice organizations on Thursday delivered a petition to California Insurance Commissioner Ricardo Lara seeking what is believed would be the first regulations in the nation...
Main Street American Group Promotes Kusch, Listau in Florida
Mar 21 2019 // The Main Street America Group, a super-regional property/casualty insurance company, has announced the promotions of Jeff Kusch and Chris Listau to president roles of their respective divisions. Kusch, president of field...
