Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers’ Firefighting Teams Move to Limit Damage from California Wildfires
Nov 13 2018 // California’s raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may soon rank among...
Italy’s Atlantia Sets Aside $400M to Rebuild Genoa Bridge; Reveals Insurer Dispute
Nov 12 2018 // Italian infrastructure group Atlantia has set aside 350 million euros ($400 million) to cover the estimated cost of rebuilding the Genoa bridge which collapsed in August and compensating the families of those killed. The...
Health Insurer Aetna Faces $25M Verdict in Oklahoma Coverage Case
Nov 9 2018 // A jury has ordered Aetna to pay more than $25 million to the family of an Oklahoma City woman who died a year after the insurance company refused to cover a type of radiation therapy. Jurors found that Aetna doctors...
CoreLogic Expands Flood and Hail Solutions in Canadian Market
Nov 9 2018 // CoreLogic, the Irvine, Calif.-based property data and analytics firm, announced it is expanding its Flood Risk Score and Weather Verification Services for hail into Canada. The availability of the CoreLogic Flood Risk...
Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?
Nov 9 2018 // Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor...
Hartung Named Wisconsin State VP for Keystone Insurers Group
Nov 8 2018 // Keystone Insurers Group (Keystone) has appointed JoAnn Hartung as Wisconsin state vice president for the agency partnership organization. Hartung has served multiple roles within the industry, most recently as regional...
AIG Finalizes Acquisition of Program Manager Glatfelter Insurance
Nov 7 2018 // American International Group said it has completed the acquisition of insurance program manager Glatfelter Insurance Group, a deal announced in September. The addition is a key element in AIG’s strategy to reposition...
Some UK Insurers May Be Forced to Adjust Motor, Home Insurance Prices: Fitch
Nov 7 2018 // Some UK insurers may be forced to change how they set their prices for motor and home insurance as a result of a regulatory investigation next year, according to Fitch Ratings. Insurers have been accused of overcharging...
Run-Off Venture SOBC Darag Completes First Acquisition of Florida Auto Insurer Peachtree
Nov 7 2018 // SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist, and DARAG, the leading legacy acquirer, has completed of its first acquisition of Peachtree Casualty Insurance Co. of Florida. The...
Judge Rules for Insurer Employer’s Mutual in Nebraska Wrongful Conviction Case
Nov 5 2018 // A Nebraska judge has ruled that an insurance provider doesn’t have to cover the legal debt of a Nebraska county that wrongfully convicted six people in a 1985 rape and murder. Lancaster County District Judge Jodi L....
Winning, Sharing, Trusting, Failing, Losing: 10 Insuretech Connect Takeaways
Nov 5 2018 // Pulling together some loose threads from October’s Insuretech Connect Conference, here are 10 takeaways: Innovation Rap. “I actually feel the industry gets a bad rap in terms of innovation,” Dan Glaser,...
States Urge Insurers to ‘Spread the Word’ on Flood Insurance to Boost Sales
Nov 5 2018 // It might be time for carriers and agents to encourage their clients to buy flood coverage even if they’re not living and working inside a flood zone. Such an action is long overdue, according to insurance...
South Carolina Insurer Data Security Law Should Be Nationwide Role Model
Nov 5 2018 // In October 2017, the National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Bill, also known as the NAIC “Model Law.” NAIC’s “Model Law” seeks to...
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...
