Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Global Re/Insurers Lobby Against ‘Unfathomable’ House Tax Bill
Nov 7 2017 // Multinational companies including Apple Inc., Pfizer Inc. and Ford Motor Co. would face a new tax on payments they make to offshore affiliates under the House Republicans’ tax bill — a surprise provision that...
Tough Road for Trucking Insurance Specialists
Nov 7 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
Connecticut Lawmakers Create ‘Insurance Company’ to Help Homeowners
Nov 7 2017 // Connecticut legislators are looking to help hundreds, if not thousands, of homeowners whose foundations are crumbling because of an iron sulfide found in the concrete by creating the state’s own insurance...
Puerto Rico Bond Insurers’ Stocks Fall After ’60 Minutes’ Episode on Hurricane Maria
Nov 7 2017 // Shares of three major bond insurance firms with exposure to Puerto Rico fell on Monday after a “60 Minutes” episode aired on Sunday highlighted the extensive damage wreaked on the island by Hurricane...
Maryland’s The Brethren Mutual Insurance Company Hires Glass
Nov 7 2017 // The Brethren Mutual Insurance Company has hired Bob Glass as its new director of underwriting. Glass brings more than 30 years of insurance experience in property and casualty underwriting, marketing and product...
Commentary: Florida’s New Ridesharing Law Could Set Up Coverage Disputes
Nov 7 2017 // As the Sunshine State continues to attract millions of visitors each year who share clogged highways with commuters traveling throughout its ever-evolving metropolitan hub, it is no surprise that Florida has embraced...
Small Business Digital Insurer Attune Adds Starr’s Stamets, OnDeck’s Dreiling
Nov 3 2017 // Digital small business insurer Attune has named Martha Dreiling as head of Analytics and Corporate Operations and Richard E. Stamets as head of Underwriting Strategy. Dreiling oversees Attune’s analytics, people and...
The Central Insurance Companies Appoint Purmort to Board, Executive Committee
Nov 3 2017 // The Central Insurance Companies have announced the election of Evan Purmort to its Board of Directors as well as his appointment to the Executive Committee of the Central Companies. As regional vice president, Purmort...
Filling Approved for First Admitted Insurer in California to Sell Cannabis Insurance
Nov 2 2017 // The California insurance commissioner has approved the first filing by an admitted commercial insurance company to sell cannabis business insurance. Insurance Commissioner Dave Jones on Thursday announced the approved...
Artificial Intelligence Poses Risks to Insurers, Banks, Warns Global Regulator
Nov 1 2017 // Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. The FSB, which...
Top Technology Investments of Workers’ Compensation Carriers: Novarica
Oct 30 2017 // Workers’ compensation insurers are looking to technology to deliver operating efficiencies, underwriting insights and product development as they navigate a fragmented market with high sensitivity to state...
AIG, Insurer for Disney/ABC, Balks at Paying Part of ‘Pink Slime’ Settlement
Oct 27 2017 // American International Group Inc. on Thursday sued Walt Disney Co. to avoid having to reimburse the parent of ABC News for part of a settlement of a meat producer’s defamation lawsuit over a product that critics call...
Global Re/Insurers Seek Premium Hikes After Costly 3rd Quarter
Oct 27 2017 // Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in insured losses,...
Florida Reports More Than $9 Million Recovered for Insurance Consumers in Q3
Oct 27 2017 // Assistance provided to Floridians by from Florida’s insurance consumer helpline led to the recovery of nearly $9.3 million in the third quarter of 2017, according to a statement from Florida’s Chief Financial...
$65M of Unpaid Taxes by New Mexico Insurance Companies, Audit Shows
Oct 26 2017 // A long list of insurance companies failed to pay taxes on insurance premiums of nearly $65 million to the state of New Mexico since 2003, according to an independent audit released Tuesday that could weigh in ongoing legal...
Hiscox Appoints Veys from UK Insurer LV= as Chief Investment Officer
Oct 26 2017 // Specialist global insurer Hiscox has appointed Alex Veys as chief investment officer. Veys will take over the position from David Astor, who is retiring in 2018 after 15 years at Hiscox. Veys has more than 30 years’...
Saudi Insurers Need More Consolidation, Foreign Input, Says Regulator
Oct 26 2017 // Saudi Arabia’s insurance industry needs more consolidation and foreign input to help create solid companies capable of competing in the oil-rich nation’s crowded market, the country’s central bank chief...
Dutch Insurer Aegon Eyes Acquisitions Such as Smaller Competitor ASR
Oct 23 2017 // Aegon NV, the Dutch insurer that generates most of its business from the U.S., is scouting for acquisitions and has looked at companies including smaller rival ASR Nederland NV amid consolidation in the domestic market,...
Insurers Weigh Premium Hikes for UK’s Tall Buildings After Grenfell Tower Fire
Oct 23 2017 // Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year. Inquiries...
Admitted Carriers, CanaBOP Coming to California’s Cannabis Industry
Oct 20 2017 // The first admitted insurance carrier has filed to provide coverage to California’s legal cannabis industry and several more carriers have stated their intent to file products, according to state Insurance...
