Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Top 25 Workers’ Compensation Insurers
May 14 2018 // The top 10 workers’ compensation insurers capture 46 percent of the market across the country, according to the latest figures from the National Association of Insurance Commissioners (NAIC). The top three —...
Chinese Insurers Seeking Better Returns Turn to Shadow Lending: Reuters
May 13 2018 // Chinese insurers are channeling funds through shadow lenders to real estate and local government infrastructure projects in a bid to boost returns, six insurance and trust sources told Reuters. The practice undermines...
How Insurer Execs, Workers View Artificial Intelligence and Future Work
May 11 2018 // Insurers can seize major growth opportunities by redesigning work, bringing in new talent, and pivoting their existing workforces to work with artificial intelligence (AI), according to a new repot by Accenture. The...
Arrest Warrants Issued for New York Financiers Over Failed Oklahoma Insurer
May 10 2018 // Arrest warrants have been issued for two New York financiers after prosecutors filed charges in Oklahoma state court relating to the purchase and handling of a now-defunct Oklahoma insurance company that the pair once...
Schuyler Named CEO of Aon Carrier Link
May 10 2018 // Broker Aon announced the appointment of Richard Schuyler as chief executive officer of Aon Carrier Link. The Aon Carrier Link channel uses data and analytics to give buyers access to Lloyd’s syndicates through...
Insurers See Some Obstacles to Expanding Use of Advanced Analytics
May 9 2018 // Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new Willis Towers Watson...
Want Flood? Let the Market Make it Happen.
May 9 2018 // I spent a day last week in a conference that was focused on some specific risks that make up a property insurance gap nationwide. The morning was focused on one of my favorite soap boxes, flood. You guessed it. It’s...
Insurers Seeking Major Premium Hikes for Obamacare Plans in 2019
May 8 2018 // The first glimpse of what health insurance companies plan to charge for Obamacare plans next year suggests there’s no relief ahead for consumers saddled with high premiums. Several insurers in Maryland and Virginia...
California Commissioner Ran a Climate Change ‘Stress Test’ on Insurers
May 8 2018 // California Insurance Commissioner Dave Jones has run a “stress test” on the state’s largest insurers. Jones said during a press conference on Tuesday that he is the first U.S. financial regulator to...
Why Agents Should Care About Underinsurance
May 8 2018 // This post is part of a series sponsored by CoreLogic. When it comes down to it, the biggest loser in a property that is underinsured is the homeowner who may not be able to rebuild their home to the way it was before a...
Auto Insurers Turn to Improving Digital Experience as Competition Intensifies
May 7 2018 // The battle among auto insurers to win and retain business is as heated as it has ever been. A combination of record-low volumes of new insurance shoppers, consistent price competition among insurers and emerging...
Insurers Advance Post-Brexit Hub Plans Despite Promises of Transition
May 7 2018 // Lloyd’s of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers. The moves come despite...
California Commissioner Urging Insurers to Offer Coverage for Cannabis Industry
May 7 2018 // California Insurance Commissioner Dave Jones is renewing his call for insurers to offer insurance products for California’s legalized cannabis industry in the wake of reports that President Trump has abandoned...
Pennsylvania Court Awards Summary Judgment to Insurer Accused of Bad Faith
May 7 2018 // A judge in the U.S. District Court for the Western District of Pennsylvania awarded summary judgment to an insurer accused of bad faith after denying a man’s claim for losses exceeding $1 million. The court found...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
Cyber Insurers Say Underwriting Is Profitable, For Now
May 7 2018 // Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting...
Insurers Should Take Notice of Ohio Workers’ Comp Subrogation Ruling
May 7 2018 // The Ohio Supreme Court has held two insurers jointly and severally liable to the Ohio Bureau of Workers’ Compensation (BWC) for past, present and estimated future payments the BWC made under a workers’...
North Carolina Homeowners Insurers Agree to 4.8% Rate Increase
May 7 2018 // The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau to increase homeowners insurance rates statewide by an average of 4.8 percent. The agreement between the two parties...
What If Tech Companies, Carriers Conspire to Denigrate Consumer Protections and Agency Value?
May 7 2018 // Here’s to ruffling feathers: Indeed, entities do exist in the insurance industry that do not look after their customers adequately. Carriers also exist that scrimp on claims, and some take shortcuts in underwriting,...
California Man Nabbed for Collecting Workers’ Comp from Multiple Insurers While Working
May 4 2018 // Michael Williams, 34, of Daly City, Calif., has been arrested on 21 felony counts of insurance fraud and grand theft after allegedly working for multiple employers while collecting over $85,000 in workers’...
