Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Workers’ Compensation Insurers Face Rise in Motor Vehicle Accidents
Aug 14 2018 // Although there has been an overall decline in workers’ compensation claims, the frequency of claims for motor vehicle accidents has increased in recent years. According to the National Council on Compensation...
How Agent and Carrier Relationships Are Changing in a Customer-Centric World
Aug 14 2018 // Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more product options and more...
UK Insurer ESure Receives $1.5 Billion Offer from Bain Capital
Aug 13 2018 // ESure Group Plc has received an unsolicited offer of about 1.17 billion pounds ($1.5 billion) from Bain Capital Private Equity LP as private equity firms seek to consolidate the insurance industry. The offer of about 280...
China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap
Aug 13 2018 // China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year on R&D. Last year, it attracted 46 million new customers, equivalent to the...
City in Iowa Rejects Plan to Bill Insurers for Emergency Response
Aug 9 2018 // Waterloo (Iowa) Fire Rescue’s proposal to bill insurance companies for its emergency response costs has been rejected. City council members have voted 5-2 against the plan that would seek payments for the...
Barbados Ex-Minister Charged in U.S. with Laundering Bribes from Insurer
Aug 9 2018 // A former minister in the government of Barbados has been criminally charged in the United States with laundering bribes he received from a Barbadian insurance company, federal prosecutors said on Monday. Donville Inniss,...
CCC Introduces CCC™ OEM Care with Participation from Eight OEMs
Aug 9 2018 // Solution suite enables collision repairers, insurers, and auto manufacturers to collaborate on safe, quality repairs. Chicago, IL, August 9, 2018 – CCC Information Services Inc. (CCC) announced today the availability of...
Catastrophe Bonds – A to Z
Aug 7 2018 // A reader of this publication, the president of an insurance agency, recently wrote to say he kept hearing about catastrophe bonds but had little knowledge of what they were. He was curious if these instruments would...
New AIR Reinsurance Cat Modeling Software Estimates Insurer Loss Potential
Aug 6 2018 // Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios,...
As Underwriting Pain Increases, Insurers Pull Back from Underperforming Lines
Aug 6 2018 // News that Lloyd’s is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive said last...
Texas Seeks Input on Changes to Catastrophe Data Call Standards
Aug 6 2018 // Texas insurance regulators have responded to insurer requests for revisions to its standards for catastrophe data calls and is seeking input on the proposed changes. The Texas Department of Insurance said following...
Auto Insurer Loses Appeal for Dismissal of Complaints in Louisiana Claims Dispute
Aug 6 2018 // In late June, the Louisiana Supreme Court ruled against an insurer and its insureds seeking summary judgement dismissing complaints against them in a case involving auto insurance claims. At issue was whether or not the...
Security First Enters Florida’s Growing Private Flood Market
Aug 6 2018 // A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than what is available from the National Flood Insurance Program. Ormond Beach, Fla.-based Security First...
The Declining Value of Insurance
Aug 6 2018 // Value is a relative term often specific to a given asset. For example, if the price of gold declines from $1,800 per ounce to $1,250 per ounce, as it has, then gold is less valuable. The price of insurance is set to...
Maryland Appeals Court Says Insurer Has Duty To Defend in Hidden Camera Case
Aug 6 2018 // The Maryland Court of Special Appeals has concluded Harleysville Preferred Insurance Co. has a duty to defend the limited liability company that owns and operates Rams Head Tavern in underlying litigation regarding a...
Michigan State Sues Insurers Over Nassar Victims’ Sex Assault Claims Coverage
Aug 6 2018 // Michigan State University has filed suit against 13 insurance carriers over coverage of sexual assault claims by victims of now-imprisoned former sports doctor Larry Nassar. The lawsuit against the insurers was filed July...
South Dakota Moves to Liquidate Surety Insurer ReliaMax
Aug 6 2018 // ReliaMax Surety Co. has been placed into liquidation by the South Dakota Division of Insurance. The South Dakota DOI petitioned the Hughes County Circuit Court on June 12, 2018, to place ReliaMax into liquidation due to...
Carr Fire Losses May Reach $1.5B in Likely Another Destructive Season for California
Aug 2 2018 // California’s Carr wildfire has the potential to yield losses of up to $1.5 billion, according to a Moody’s report issued on Thursday. The fire has ravaged parts of Shasta County in or near Redding in the...
CNA Hardy’s EU Subsidiary Granted Insurer License in Luxembourg
Aug 2 2018 // CNA Hardy, the specialist commercial insurer writing business within the Lloyd’s and company markets, announced that its new European subsidiary has successfully been granted an insurance company license by...
Insurer RSA Reports 15% Drop in H1 Operating Profit on Winter Weather Claims
Aug 2 2018 // Icy roads and frozen pipes due to bad weather in Canada and Britain hit insurer RSA’s first-half operating profit on Thursday, though results were in line with analyst forecasts. General insurer RSA, best known in...
