Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Workers’ Comp Superior Performers
Jun 4 2018 // The best workers’ compensation insurers have similar characteristics. A new study released by ACORD identified a few of those similarities, including that they pay their agency partners more than their rivals do as a...
Cyber Market Grew 32% But Small-Medium Firms Opted Out
Jun 4 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year-over-year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
I Used to Walk to School and Home Uphill Both Ways
Jun 4 2018 // An interview was recently published in a major industry publication with a notable ex-CEO of a prominent insurance company. Throughout the article, the ex-CEO bemoaned how power and profit has shifted to brokers from...
TWIA Seeking Preliminary $175M Insurer Assessment for Harvey Losses
Jun 4 2018 // The Texas Windstorm Insurance Association is seeking regulatory approval for a $175 million assessment to TWIA’s insurance company members for Hurricane Harvey losses. Harvey made landfall on the Texas coast on Aug....
Distribution Overpowers Underwriting. How CNA Ex-CEO Chookaszian Views Industry’s Past, Present and Future
Jun 1 2018 // The former chief executive of an insurance company believes the center of value of the property/casualty industry has shifted away from one of the activities that would seem to define an insurance risk-taking enterprise:...
Caribbean Insurers Well-Capitalized Despite 2017 Hurricane Losses: A.M. Best
Jun 1 2018 // An analysis of A.M. Best-rated property/casualty insurers based in the Caribbean reveals that hurricanes Irma and Maria were mainly earnings events, and that the responsiveness of reinsurers allowed these insurers to...
European Commission Proposes Motor Insurance Reforms
Jun 1 2018 // The European Commission has proposed a series of proposals to strengthen European Union rules on motor insurance including one to assure that victims of accidents receive full compensation even when an insurer is...
South Carolina Passes First Insurance Industry Cybersecurity Law
May 31 2018 // South Carolina has become the first state to pass a cybersecurity bill requiring any insurance entity operating in the state to establish and implement a cybersecurity program protecting their business and their customers...
How to Succeed in Today’s Small Business Insurance Market
May 30 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...
Rhode Island’s Narragansett Bay Insurance Company Names Tiziani SVP
May 30 2018 // Narragansett Bay Insurance Company (NBIC) has named Glen Tiziani senior vice president of Sales & Distribution, effective May 21, 2018. NBIC, a Rhode Island-headquartered, wholly-owned subsidiary of Heritage Insurance...
Aon Names Hennessy to Head New Carrier Solutions Group
May 30 2018 // Insurance broker Aon has appointed Karl Hennessy as chief executive officer of the firm’s newly created Carrier Solutions group. The newly formed group will support and grow Aon’s network of managing general...
European Insurers Bypassing U.S. Treasuries
May 29 2018 // U.S. Treasuries need to get a lot cheaper to attract some European investors. Even with yields at multi-year highs, Treasuries are paying less than their pricier German peers when European insurers account for steep...
California Commissioner: Insurers Pocketing Comp Profits, Not Passing Savings to Employers
May 29 2018 // California Insurance Commissioner Dave Jones on Tuesday adopted a revised workers’ compensation insurance advisory pure premium rate by lowering the benchmark to $1.74 per $100 of payroll for workers’ comp. The...
Burand’s State of the P/C Insurance Industry 2018: Pricing Cycle Effects on Agents
May 29 2018 // The property & casualty insurance and group benefits industry is changing faster than ever, or at least faster than any time in any reader’s history. Many factors are the parents of such change. In part one of...
P/C Insurers Improved Results in Q1
May 28 2018 // The U.S. property/casualty insurance industry saw its combined ratio improve by nearly five points in the 2018 first quarter and net underwriting income grow at a healthy clip, A.M. Best said in a special report. A...
Professor Says Window to Prevent Dangerous Impacts from Climate Change Closing Fast
May 24 2018 // Costs from climate change-driven extreme weather events are on the rise, and the amount of time left to stop those impacts before they get progressively worse is rapidly closing, according to a Columbia University...
Mercer’s Sun to Succeed Zheng as CEO of AIG’s China Insurer
May 24 2018 // American International Group announced that Lisa Sun will join the company as chief executive officer of AIG Insurance Company China. Sun joins AIG from Mercer, where most recently she was CEO of Mercer’s Hong Kong...
How Data Privacy Laws Could Hamper Insurance Underwriting
May 24 2018 // Complying with the European Union’s new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gatherāsomething that could diminish underwriting quality, A.M. Best...
Bond Insurer Assured Guaranty Sues Puerto Rico Again Over Turnaround Plan
May 23 2018 // Bond insurer Assured Guaranty sued Puerto Rico and its federally-appointed oversight board on Wednesday, saying their plan to resuscitate the storm-ravaged, bankrupt U.S. territory violates the U.S. Constitution by...
Insurers Welcome Global Regulation Provision in Banking Reform Bill
May 23 2018 // The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes a provision on international insurance regulation that is being met with cheers...
