Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Apr 23 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management...
New York Governor Presses Banks, Insurers to Weigh Risk of NRA Ties
Apr 20 2018 // New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations and the public...
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
Apr 20 2018 // Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG,...
Deadlines for Texas Windstorm Insurer Appraisal Demands Extended
Apr 19 2018 // The deadlines for a Texas Windstorm Insurance Association (TWIA) claimant to demand appraisal of a claim for damages caused by Hurricane Harvey have been extended, the Texas Department of Insurance reports. An extension of...
Spanish Mayor Offers Gibraltar’s Insurers a Solution for Post-Brexit Access to EU
Apr 19 2018 // A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea on the southern tip of...
North Carolina Homeowners Insurers Agree to 4.8% Rate Increase
Apr 19 2018 // The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between...
Florida Agency Owner Arrested Over $62K Premium Fraud Scheme
Apr 19 2018 // An insurance agency owner in Florida has been arrested after he admitted to stealing more than $60,000 in insurance premiums, according to a statement from the Florida Department of Financial Services (DFS). Michael...
Patent Litigation Insurer RPX Insurance Services Partners with Great American
Apr 19 2018 // Great American Insurance Company and RPX Insurance Services, LLC (RPXIS), a wholly owned subsidiary of RPX Corporation, have entered into a limited binding authority agreement. Under the terms of the agreement, RPX...
Ohioans Charged with Defrauding Insurer of More than $300K
Apr 18 2018 // Three people in Ohio have been charged with insurance fraud totaling more than $330,000, according to the U.S. Attorney’s Office for the Northern District of Ohio Kifiyun Daniels of Akron, and Jessie Banks of...
The Reason You Only Need One Auto Policy
Apr 18 2018 // This weekend was really good one for one of my sons. He got the all-too-rare opportunity to go see his girlfriend (who lives almost 350 miles from us). They both work and go to school, so their time is super tight. Before...
Florida’s Citizens Reopens More Than 25K Hurricane Irma Claims
Apr 17 2018 // Citizens Property Insurance Corp. says it has reopened about 37 percent of its Hurricane Irma claims, according to a statement from the Florida insurer of last resort. The insurer says the reopening of claims is part of...
Wisconsin-Based Accelerator Boosts Startups in Insurance and Beyond
Apr 16 2018 // The insurance industry is not the only focus of the Madison, Wisconsin-based startup accelerator, gener8tor, but insurance is its oldest and largest operational sector. Founded in 2012 by attorneys Troy Vosseller and Joe...
Demotech Affirms ‘A’ Ratings of Florida Insurers
Apr 16 2018 // Demotech will not downgrade any of the 16 Florida homeowners insurers that it said earlier this year could face financial stability ratings (FSRs) adjustments because of hurricane losses and assignment of benefits...
Florida AOB Reform Efforts Fail Again as Parkland Tragedy Derails Legislative Session
Apr 16 2018 // With over 900 items on the Florida legislative docket and only 60 days to consider them, it’s not surprising that many bills simply die in committee or are never seriously considered. Add to that a tragic event right...
North Carolina Touts Growth of 5-Year-Old Captive Insurance Program
Apr 16 2018 // North Carolina’s captive insurance company program, now in its fifth year of operation, has established itself as a leading domicile for captive insurance companies, according to a statement from North Carolina...
Surplus Lines: Insurtech and Technological Opportunities, Challenges
Apr 16 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
The New Small Commercial: Why Carriers Need to Better Serve ‘Small Specialty’
Apr 16 2018 // The evolution of the small businesses is creating a service challenge for independent agents and an opportunity for carriers to provide efficient and effective solutions for their agent partners by expanding their service...
New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs
Apr 16 2018 // The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there...
New York DFS Urges Insurers to Encourage the Use of Commercial GPS
Apr 13 2018 // The New York Department of Financial Services (DFS) has advised its regulated insurers to encourage policyholders that investing in commercial global positioning system (GPS) equipment could reduce motor vehicle collisions...
Central Banks Eye Effects of Climate Risks on Oversight of Insurers, Companies: Opinion
Apr 13 2018 // Central bankers have been dubbed “masters of the universe” for the tools and powers they have acquired since the financial crisis. Some of them now want to play a more active role in the fight against climate...
