Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Wishes & Predictions… in their own words
Feb 4 2019 // Ely Kaplansky, President, Kaplansky Agency, MA Increased market share. Rate increases. Continued profitable growth. Crag Shink, Managing Partner, C.H. Shink & Associates, NY A harder market in some segments. Increasing...
AM Best Says Specialty Insurer Exposures to PG&E Bankruptcy Within Risk Appetites
Feb 1 2019 // Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy filing by PG&E Corp., the California utility whose equipment is being...
The Polar Vortex And Climate Change
Jan 31 2019 // A new report outlines the numerous risks insurers face from climate change. The report from Sustainalytics, a provider of ESG (environmental, social and governance) and corporate governance products and services, shows...
Insurers with Best Service Win More Business from Independent Agents
Jan 31 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...
Pennsylvania’s Largest Workers’ Comp Insurer Files Plan to Correct Charges
Jan 31 2019 // Pennsylvania’s State Workers Insurance Fund (SWIF), the largest writer of workers’ comp insurance in Pennsylvania, has filed a plan to retroactively correct charges to employers for their workers’...
New Georgia Commissioner Beck Implements Insurer Rating, Complaint Systems
Jan 31 2019 // Georgia’s new Insurance Commissioner Jim Beck has issued several orders directed at insurers since he took office earlier this month as part of what he says is fulfilling his campaign promise to be a commissioner for...
Octo Telematics to Provide Commercial Fleet Telematics to Mexico Auto Insurer
Jan 30 2019 // Octo Telematics, the Rome-based provider of telematics and data analytics solutions for the auto insurance industry, has partnered with Qualitas, Mexico’s largest auto insurer with operations throughout Mexico, Latin...
French Insurer Covea Abandons Hostile Takeover of SCOR
Jan 30 2019 // SCOR SE slumped the most in more than a decade in Paris trading [on Tuesday, Jan. 28] after rival Covea abandoned efforts to buy the French reinsurer, ending one of the country’s most acrimonious takeover attempts in...
Travel Insurer Allianz Predicts More New England Than Los Angeles Fans at Super Bowl
Jan 29 2019 // Even though the New England Patriots already have 10 Super Bowl appearances behind them, its fans will be showing up in droves to this year’s game, which pits them against the Los Angeles Rams on Sunday, February 3...
Global Malware Attack Could Cost Insurers $27 Billion
Jan 29 2019 // A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for risk management...
Allianz Enters Formal Negotiations to Buy Malaysia Car Insurer: Sources
Jan 29 2019 // Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the matter...
Oklahoma’s Mulready Asks Insurers to Assist Shutdown-Affected Policyholders
Jan 25 2019 // Oklahoma’s new insurance commissioner is encouraging insurance companies in his state to work with and assist policyholders affected by the partial federal government shutdown. In a bulletin to all insurance...
Bank Issues China’s First Perpetual Bond as Investment Restrictions on Insurers Eased
Jan 25 2019 // China’s fourth-largest lender on Friday issued the first-ever perpetual bonds by a Chinese bank, with yields at the low end of market expectations after new policies to support their issuance boosted market...
Anbang Insurance Assets for Sale Include Manhattan Building, Health Insurer, Hotels
Jan 25 2019 // Anbang Insurance Group Co., which symbolized the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire. The Beijing-based conglomerate is...
Progressive Takes Aim at Multi-Line Insurers
Jan 25 2019 // With much of the property/casualty insurance industry’s attention focused on external threats from insurtechs and digital native companies, perhaps the greatest disruption is coming from within. Following the last...
Delaware Licensed 46 Newly Formed Captive Insurers in 2018
Jan 24 2019 // In 2018, Delaware licensed 46 newly formed captive insurers despite a challenging environment, according to Delaware Insurance Commissioner Trinidad Navarro in a press release issued by the Delaware Insurance...
Insurers Advised Political Volatility, Economic Slowdown, Floods Among Top Risks
Jan 24 2019 // As insurers track both old and new risks heading into 2019, here’s one that carriers don’t typically consider: The White House. David Wessel, director of The Hutchins Center on Fiscal and Monetary Policy, cited...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
Jan 24 2019 // The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market...
Insurance Industry Use of Drone, Aerial Imagery Soared After 2018 Southeast Disasters
Jan 24 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...
Texas Sunset Board: Legislature Needs to Decide Nature of Windstorm Insurer
Jan 23 2019 // To be the insurer of last resort for wind and hail insurance along the Texas coast, without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives...
