Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Rhode Island Horse Insurer Gets Three Years in Prison for $1.3M Fraud Scheme
Mar 14 2019 // A Rhode Island insurance agent who specializes in insuring horses has been sentenced to three years in prison for defrauding clients, insurance companies and finance companies out of $1.3 million. Federal prosecutors say...
Insurers Remain Cautious About Marijuana Insurance Market
Mar 14 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. One of the key...
Industry Awaits Florida Supreme Court Decision on Post-Loss AOB Policy Language
Mar 14 2019 // As Florida lawmakers weigh reform for the state’s assignment of benefits crisis, the insurance industry and regulators are closely monitoring a case addressing post-loss policy language that is currently before the...
Aon, Insurtech Zesty.ai Partner to Enhance Property Underwriting with AI Data
Mar 13 2019 // Aon has formed a strategic alliance with Zesty.ai, a San Francisco-based insurtech startup, which uses artificial intelligence (AI) to enhance insurers’ property underwriting. Zesty.ai’s technology provides...
North Carolina Insurance Fraud Round-Up: January, February
Mar 13 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the first two months of 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to...
Insurers Face Big Claims from Victims’ Families After Boeing 737 MAX Crash: Sources
Mar 12 2019 // Boeing Co.’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation...
Demotech: Expect 2018 Catastrophe Losses to Impact Florida-Based Insurers
Mar 12 2019 // After reviewing the year-end financial statements of the Florida-based carriers it rates, Ohio-based ratings agency Demotech is warning that many insurers could see underwriting and operating losses in their year-end...
Connecticut Lawmakers Continue Push to Address Crumbling Foundations
Mar 11 2019 // Connecticut lawmakers were urged Friday to pass additional legislation to address the state’s crumbling foundations problem and also find additional funds to help impacted homeowners. Michael Marglaras,...
UK’s Global Aerospace Is Boeing’s Lead Insurer
Mar 11 2019 // Britain’s Global Aerospace is the lead insurer for the world’s biggest plane maker Boeing Co, the insurer’s top boss said on Monday. “I can confirm that Global Aerospace leads Boeing, and also Lion...
Brazil’s Caixa Aims to Raise $3.9B via Listings of Units, Including Its Insurer: Report
Mar 11 2019 // State-owned Brazilian bank Caixa Economica Federal is hoping to raise 15 billion reais ($3.88 billion) through the listing of four of its subsidiaries, chief executive Pedro Guimaraes told newspaper O Globo in an interview...
Shares of China’s Largest Property Insurer PICC Begin Their Expected Steep Descent
Mar 11 2019 // Shares in China’s largest property insurer have started their descent back to Earth and according to analysts, it could be a prolonged and rocky journey. People’s Insurance Co. (Group) of China Ltd.’s...
How to Serve Today’s Nonprofit Insurance Market
Mar 8 2019 // Nonprofits are a lot like most insurance clients. They seek trusted and consultative relationships with their agents, brokers and carriers. They seek partners that understand their mission. But they also seek agents who...
Australia Floods Cost Insurers US$635M in February: Aon’s Catastrophe Recap
Mar 8 2019 // Australia’s Northern Queensland experienced widespread flooding from Jan. 26 to Feb. 7, which cost insurers more than A$893 million (US$635 million) with total economic losses of at least A$1.7 billion (US$1.2...
New Hampshire High Court Rules Board Wrong to Deny Workers’ Comp for Medical Pot
Mar 8 2019 // The New Hampshire Supreme Court has ruled that a labor appeals board was wrong to determine that workers’ compensation insurance can’t reimburse an employee for the cost of medical marijuana. The court found...
Beyond Nassar: Michigan State University Assessing Insurance Options
Mar 8 2019 // Michigan State University continues to explore its insurance coverage options with regard to sexual assault or molestation claims brought against the school after rejecting renewal coverage offered by its long-term...
Credit Rating Downgrades on U.S. P/C Insurers Doubled in 2018, Says A.M. Best
Mar 6 2019 // Credit rating downgrades in the U.S. property/casualty (P/C) insurance segment more than doubled year over year in 2018, reversing a trend of annual declines since 2014, according to a new A.M. Best report. The report says...
Fix Assignments of Benefits Now
Mar 6 2019 // I recently received an email from a Florida “snow bird”. If you’re not familiar with the term, it refers to people who make their home in two places. In the warm months, they make their homes in northern...
The Lowdown: Renewals Rates & Client Strategies – Date & Time Change
Mar 5 2019 // Notice: There has been a date and time change since the original publishing. If making use of market insights is not among your strong suits, you’re not alone. So where do you obtain the latest rate information to...
Industry Eyes Renewal of U.S. Terror Reinsurance and Alternatives Should Congress Fail
Mar 5 2019 // U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The program, which expires at...
Report: Insurers in Texas Provide Security, Investment and Jobs for Texans
Mar 4 2019 // A new report shows the impact of the insurance industry in Texas and the contributions it makes to the state. In addition to providing financial security and helping manage risk for Texans in all walks of life, insurance...
