Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
North Carolina Insurers Request 19% Rate Increase for Mobile Home Policies
Feb 19 2019 // The North Carolina Rate Bureau has filed a request to increase homeowners’ insurance rates for mobile home policies of at least 19 percent, according to the North Carolina Department of Insurance (NCDOI). The NCRB,...
Hearing Scheduled to Settle Rate Dispute with North Carolina Insurers
Feb 18 2019 // In response to a filing by North Carolina insurers for a 17.4 percent rate increase in homeowners insurance rates, North Carolina Insurance Commissioner Mike Causey has set a Sept. 4, 2019 hearing date, saying he does not...
Insurers Seek to Deny Boat Owner’s Claim in Rhode Island Case
Feb 18 2019 // The National Liability & Fire Insurance Co. and the Boat Owners Association of the United States are suing a Vermont man in federal court in Rhode Island and are seeking to deny his claim on an $85,000 policy for his...
Insurers with Best Service Win More Business from Independent Agents
Feb 18 2019 // It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting...
Eating an Elephant: Tales from 9 Agency Start-Ups
Feb 18 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,...
Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit
Feb 15 2019 // Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We...
New Ventures, Driver Shortage Among Challenges in Trucking Insurance Market
Feb 15 2019 // The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low...
Insurance Fraud Case in New York May Impact First Party No-Fault Benefits
Feb 14 2019 // A high-profile insurance fraud case on appeal in New York is being closely watched by fraud fighters across the country for the impact the decision will have on no-fault law. The case, Andrew Carothers, M.D., P.C. v....
UK Insurer Aviva Prepares for ‘Hard Brexit’ by Transferring Assets from UK
Feb 14 2019 // Aviva Plc asked a London court to approve the transfer of assets totaling 9 billion euros ($10.2 billion), saying the uncertainty from Brexit was “intensifying” as it joined other insurers and banks triggering...
AIG Reports Q4 Loss on Catastrophes, Lower Investment Returns
Feb 13 2019 // American International Group Inc. on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market. Excluding realized investment gains and...
Insurer, Credit Union Settle South Dakota Suit over Premium Hikes
Feb 13 2019 // Black Hills Federal Credit Union in South Dakota and a Wisconsin-based insurance company have agreed to pay $3 million to settle a class-action lawsuit claiming they improperly raised insurance premiums on thousands of...
Narragansett Bay Insurance Company Relocates Corporate Offices in Rhode Island
Feb 13 2019 // Narragansett Bay Insurance Company (NBIC) has relocated its corporate offices to the Northwoods Office Park in Johnston, R.I. NBIC is a provider of homeowners insurance in Rhode Island and the Northeastern U.S., with...
Munich Re’s India Partner Weighs Selling Health Insurer Stake: Sources
Feb 13 2019 // Prathap C. Reddy and his family, founders of India’s Apollo Hospitals Enterprise Ltd., plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter...
What? Women Pay More Than Men for Auto Insurance? Yup.
Feb 12 2019 // It’s a widespread belief that men pay more for automobile insurance than women. But that’s only true for young adults. Several studies in 2018 and 2017 revealed that women over 25, particularly those between 40...
Causey Schedules Hearing to Settle Rate Dispute with North Carolina Insurers
Feb 11 2019 // In response to a filing by North Carolina insurers for a 17.4 percent rate increase in homeowners insurance rates, North Carolina Insurance Commissioner Mike Causey has set a Sept. 4, 2019 hearing date, saying he does not...
Sanctions Against Sudan Are Lifted but Insurers Still Can’t Buy Overseas Reinsurance
Feb 11 2019 // Sixteen months after the United States lifted most sanctions on Sudan, businesses are unable to operate dollar transactions, insurance companies are cut off from the reinsurance market and the local airline is virtually...
Insurer Offers Employee Benefit Deal: Student Loan Relief for Unused Vacation Time
Feb 7 2019 // Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days. The new perk is a creative twist...
North Carolina Auto Insurers Request 7.6% Rate Increase
Feb 5 2019 // The annual auto insurance filing from the North Carolina Rate Bureau to the North Carolina Department of Insurance calls for an overall statewide average increase of 7.6 percent, according to a statement from Insurance...
Iowa High Court: Insurer Not on Hook for Electrical Damage Caused by Squirrel
Feb 4 2019 // The Iowa Supreme Court says an insurance company doesn’t have to pay for damages after a squirrel climbed onto an electrical transformer and triggered a high-voltage spark that damaged a city’s power...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
