Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Get Ready for the Insurtech Revolution, Act 2
Oct 8 2018 // The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and more efficient to buy and...
Israeli Risk Modeling Firm Kovrr Launches Silent Cyber Risk Identification Product
Oct 5 2018 // KOVRR, a provider of predictive modeling for cyber insurance, announced a silent and affirmative cyber risk product. The new product enables insurance and reinsurance carriers to identify uncalculated capital at risk and...
Lending Tree to Buy Online Insurance Service QuoteWizard for $370M
Oct 5 2018 // Online financial services marketplace LendingTree Inc. said it has agreed to acquire QuoteWizard.com, one of the largest online insurance comparison marketplaces. Since its founding in 2006, QuoteWizard has helped nearly...
Bond Insurers Want Independent Receiver for Puerto Rico’s Bankrupt Electric Utility
Oct 5 2018 // Bond insurance companies that were not part of a preliminary deal to restructure debt issued by the Puerto Rico Electric Power Authority (PREPA) have relaunched litigation seeking a receiver for the bankrupt agency. The...
California Insurance Commissioner Wants Inventory Requirements Eased for 2018 Wildfire Survivors
Oct 4 2018 // California Insurance Commissioner Dave Jones wants insurers to assist wildfire survivors by voluntarily easing detailed personal property home inventory requirements and to follow the lead of other insurers providing at...
Japanese Typhoons Put Downward Pressure on Creditworthiness of Insurers: S&P
Oct 4 2018 // The recent run of large natural disasters to hit Japan likely has put downward pressure on the creditworthiness of the nation’s three largest non-life insurance groups, according to S&P Global Ratings in a market...
Doctor’s Alleged Fraud Scheme Throws Medical Claims Review Process into Doubt
Oct 2 2018 // For years, Spyros Panos seemed like a successful orthopedic surgeon, seeing dozens of patients a day and bringing in millions of dollars in fees for his suburban New York medical group. In fact, he was inflating charges...
How New Business Is Creating a New Wholesaler-Retailer Relationship
Oct 2 2018 // An influx of new business is presenting surplus lines wholesalers and their retail partners with new opportunities to work together even as other forces are changing how they work together. The surplus lines insurance...
Linking P/C Auto Insurance Customer Experience to Improved Financial Value
Oct 2 2018 // Most insurance organizations have historically built strategic plans around a few core tenets: 1) increasing sales (market share and growth); 2) improving acquisition or retention; 3) increased persistency; and 4)...
Why Hospitals Charge Auto Insurance, Workers’ Compensation Patients Much More Than Health Insurers
Oct 1 2018 // Insurer market power matters in hospital pricing. Patients with automobile, workers’ compensation, and other non-conventional commercial insurance plans paid much higher prices than patients with HMO/PPO health...
Texas Coastal Lawmakers Urge Denial of Windstorm Insurer’s 10% Rate Increase Request
Oct 1 2018 // More than 20 state legislators have signed a letter addressed to Texas Insurance Commissioner Kent Sullivan requesting that a 10 percent rate increase filed by the state’s property insurer of last resort for wind and...
Top 20 Private Passenger Auto Liability Insurers in Louisiana
Oct 1 2018 // 1.State Farm Mutual Automobile Insurance Company Market Share: 31.06% 2. Progressive Security Insurance Company Market Share: 10.19% 3. Allstate Property and Casualty Insurance Company Market Share: 7.08% 4. Geico Casualty...
Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses
Oct 1 2018 // Insurance industry losses from Hurricane Florence, which hit the Carolinas mid-September as a Category 1 storm, will be manageable and not have a severe impact on insurers, according to experts. As the storm turned out to...
South Carolina Issues Emergency Order to Insurers, Updates Hurricane Florence Data Call
Oct 1 2018 // The South Carolina Department of Insurance has issued two Hurricane Florence-related notices to all property and casualty insurers doing business in the state. SCDOI Director Ray Farmer issued an emergency regulation Sept....
New York DFS Issues Final Reg Requiring Insurers to Include Formulary Exception
Oct 1 2018 // The New York Department of Financial Services (DFS) is taking new actions to address the opioid crisis in New York State. DFS issued a final regulation requiring insurers to include a formulary exception process for...
Personal Injury Insurance Actions in Missouri and a New Definition of ‘Reasonable Value’
Oct 1 2018 // A change in a Missouri state statute has created a new, interpretable definition of reasonable value of medical care in personal injury litigation. Although the change was likely intended to provide more clarity, competing...
Massachusetts Insurance Agents, Carriers Helping Their Towns Get Back to Normal After Gas Explosions
Oct 1 2018 // As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as...
Commercial Auto: Profitability Issues Remain, but There’s Light at the End of Tunnel
Oct 1 2018 // Despite insurers’ best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two major carriers have...
2 Insurer Tax Credits Under Scrutiny by Arkansas Task Force
Sep 30 2018 // A tax overhaul task force is looking into whether Arkansas should change two tax credits authorized for insurance companies that cost the state about $77 million a year. Members of the Tax Reform and Relief Legislative...
New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses
Sep 28 2018 // Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and...
