Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Utility, Insurer Sued Over Damage to Voting Machines in Mississippi County
Nov 5 2018 // A southwest Mississippi county is suing an electrical utility and its own insurer, seeking more than $500,000 for damage to voting machines caused by a 2016 power outage. The Enterprise-Journal reports Pike County in Sept....
Pressure’s on the Trucking Sector
Nov 5 2018 // 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...
Why It’s Important to Understand Your Carriers
Nov 5 2018 // I have been analyzing the insurance industry and individual insurers and agencies for a long time now. When I started analyzing the industry, I never imagined, and I have not met any industry veterans who could imagine,...
Changing World for P/C Insurance Underwriters: Guy Carpenter
Nov 5 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
Mass. Appeals Court Rules in Favor of Insurer in Underinsured Motorist Coverage Case
Nov 5 2018 // A Massachusetts Appeals Court has ruled in favor of an insurer in a case involving an automobile accident in which the injured plaintiff sought to obtain underinsured motorist coverage under a policy held by the mother and...
Medical Profession Liability Insurer ISMIE Mutual Expanding Into Ohio
Nov 2 2018 // ISMIE Mutual Insurance Co., a medical professional liability insurance provider, is expanding into Ohio after state regulators there granted the company admitted status. ISMIE said it is now able to offer Ohio physicians,...
Texas Insurer Group Provides $31K in University Student Scholarships
Nov 2 2018 // The Insurance Council of Texas (ICT) Education Foundation recently honored 20 students studying insurance and risk management at universities in Texas with $31,000 in scholarships. Funds for ICT’s scholarship program...
Digital Carrier Next Insurance Launches General Contractor Coverage
Nov 2 2018 // Small business digital insurance carrier Next Insurance has launched a new general contractor insurance policy that includes general and professional liability insurance for general contractors entirely online. Next...
China’s Biggest Insurer, Ping An, Plans $2B IPO of Health Tech Unit
Nov 1 2018 // Ping An Insurance Group Co., China’s biggest insurer by market value, is planning a Hong Kong initial public offering of its health-care technology unit that could raise about $2 billion, people with knowledge of the...
Court Limits Insurer’s Payout in Massive Wisconsin Wildfire
Oct 31 2018 // The state Supreme Court is limiting an insurance company’s payout in a massive northwestern Wisconsin wildfire. Logging equipment owned by Ray Duerr Logging LLC sparked the Germann Road Fire in Douglas County in May...
A.M. Best Upgrades Ratings of Workers’ Comp Insurers Retail First, BusinessFirst of Florida
Oct 31 2018 // A.M. Best has upgraded the financial strength ratings of two workers’ compensation insurers based in Florida. RetailFirst Insurance Co. and BusinessFirst Insurance Co. have received a financial strength ratings of A-...
Texas Workers’ Comp Division Proposes New Carrier Reimbursement Forms
Oct 30 2018 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting comments on five newly proposed forms to help insurance carriers submit requests for reimbursement from the Subsequent Injury...
Cleaning Company Owner Pays $43K Restitution to Ohio Workers’ Comp Insurer
Oct 30 2018 // The owner of a Columbus, Ohio, cleaning company who continued to run his business after his workers’ compensation insurance lapsed in 2010 has paid more than $43,000 in restitution to the Ohio Bureau of...
What’s Happening and What Lies Ahead for P/C Insurance Pricing: Moody’s
Oct 30 2018 // The current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates...
UK Insurers, Brokers Applaud Government’s Decision Not to Hike Premium Tax
Oct 30 2018 // UK insurers and brokers have applauded the UK Treasury’s decision not to raise premium taxes, which currently has an annual price tag for each household of an average of £200 ($256.40), according to the Association...
Update: Lion Air Jet Plunged at 350 Miles Per Hour Before Crash, Data Show
Oct 30 2018 // More than a day after a brand-new Boeing Co. 737 Max jet flown by Indonesia’s Lion Air plunged into the Java Sea, the search for the plane failed to yield much as investigators continued the grim task of uncovering...
Top 10 Market Conduct Actions Facing P/C Insurers
Oct 30 2018 // Untimely claims handling and failure to provide required compliant claims, underwriting, and policyholder service disclosures are the U.S. insurance industry’s top compliance shortcomings. That’s according to a...
How High Customer Expectations Raise the Bar for Insurance Industry
Oct 30 2018 // Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their overall customer experience is being tested by the rising cost of auto insurance. For...
Insurer: Not liable for Claims of Embezzlement in New Mexico Matter
Oct 29 2018 // Another insurance company has gone to federal court in New Mexico to avoid paying millions of dollars in claims from victims whose trust funds and savings were embezzled. The Albuquerque Journal reported the Cincinnati...
It’s a Very Different World for P/C Insurance Underwriters, Says Guy Carpenter
Oct 29 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
