Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Tech Company Roost Forms Insurer Partnerships for Home Telematics Pilot
Feb 13 2018 // Roost, a provider of home telematics for property insurance carriers, has partnered with Erie Insurance to test customer engagement with its Roost Smart Water Leak and Freeze Detector device in order to prevent water...
Proposed Hawaii Bill Calls for Insurers to Cover Air Ambulance Rides to Mainland
Feb 12 2018 // A proposed law in the state legislature would require insurance companies to cover air ambulance rides to the mainland for critical procedures not offered in Hawaii. The measure would take the burden off families that are...
Why Tax Cuts May Curb Insurers’ Municipal Bonds Appetite
Feb 12 2018 // Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with property and casualty insurance companies may be breaking up. That’s because last...
Maryland Property Insurer Left Client Data Temporarily Exposed Online
Feb 9 2018 // The Maryland Joint Insurance Association left data about some of its customers exposed online, but there’s no evidence it was accessed improperly. The Baltimore Sun reported Wednesday that a California-based...
January Windstorms to Cost Europe’s Insurers More Than $2B: Aon
Feb 9 2018 // European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon Benfield’s...
Sompo International to Buy Italian Agriculture Insurer A&A
Feb 9 2018 // Sompo International said it has agreed to buy an Italian agriculture insurer in a bid to broaden the reach of a new, recently launched global technology platform focused on the sector. The Bermuda-based specialty...
Software Firm Sapiens to Grow U.S. Market with Acquisition of Adaptik
Feb 9 2018 // Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost...
North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics
Feb 9 2018 // If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success. Their insurers will also be celebrating a tidy profit. The Games are being staged about two...
South Carolina Notifies Insurers of Workers’ Comp Loss Cost Updates, Filing Requirements
Feb 8 2018 // South Carolina has alerted insurers of several changes to loss costs for the state’s voluntary and assigned risk workers’ compensation markets, and has issued a requirement that updated loss cost multipliers be...
Texas Appeals Court Says Federal Law Preempts State on Air Ambulance Fees
Feb 8 2018 // An appellate court in Texas has ruled that federal law, as opposed to state regulation, prevails when it comes to the amount an air ambulance service may charge insurance companies for its services. The ruling of the...
A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017
Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. The expected net underwriting loss for 2017 of...
How Disasters Expose Challenges and Opportunities for Insurance
Feb 7 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to panelists at the Insurance...
Super Regional P/C Insurer Conference Registration Underway
Feb 5 2018 // Lake Geneva, WI, February 5, 2018- Following up on a sold-out inaugural conference last year, the industry’s second annual Super Regional P/C Insurer Conference has been scheduled for July 22-24, 2018 at the Grand...
Tennessee Captive Insurers Exceed $1B in Premiums in 2017
Feb 5 2018 // The state of Tennessee saw domestic captive insurance companies exceed $1 billion in written premiums in 2017 for the first time – a milestone for Tennessee’s burgeoning captive insurance marketplace. In...
Still an Uphill Climb for Commercial Auto Market
Feb 5 2018 // The difficult job of moving commercial auto insurance to a profitable place has not gotten any easier. More vehicles on the road thanks to a rebounding economy, more miles driven, distracted drivers and...
Bermuda’s Re/Insurance Model to Be Tested Following U.S. Tax Reforms: Fitch
Feb 5 2018 // The Bermuda re/insurance model will be tested following U.S. tax reforms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the U.S. corporate tax rate to 21...
Why Independent Agents Remain Alive and Well
Feb 5 2018 // When I began my career as a journalist covering the insurance industry back in 1981, many of my early stories reported on dire warnings in a series of studies and expert pronouncements predicting the imminent demise of the...
Incumbent Re/Insurers Drive Insurtech Investments in Q4 2017: Willis Towers Watson
Feb 2 2018 // Re/insurance industry incumbents are fueling investments in insurtech startups, sending a clear message to potential disruptive outsiders, according to a report published by Willis Towers Watson, which detailed 2017 trends...
Super Regional P/C Insurer Conference Registration Underway
Feb 1 2018 // Following up on a sold-out inaugural conference last year, the industry’s second annual Super Regional P/C Insurer Conference has been scheduled for July 22-24, 2018 at the Grand Geneva Resort & Spa in Lake...
Normandy Insurance Company Hires Morton as Pennsylvania Field Manager
Feb 1 2018 // Normandy Insurance Company, a Deerfield Beach, Fla.-headquartered workers’ compensation carrier, has hired Kelly Morton as its Pennsylvania field manager. The multi-state workers’ compensation carrier recently...
