Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Crowdsourced Insurer Rater Clearsurance Raises $4 Million
Oct 6 2017 // Clearsurance, a crowdsourced review, rating and educational platform for the insurance industry, has raised $4 million in a Series A funding round. The round was led by its co-founder, Michael Crowe, and includes Davis...
Penn. Supreme Court Says Malice Not Required to Win Bad Faith Claims
Oct 5 2017 // The Pennsylvania Supreme Court unanimously affirmed a decision by the state’s Superior Court that although ill-will or malice is one factor that can be used to assess insurer bad faith, it is not a prerequisite for...
Dutch Insurers & Banks Warned to Account for Risks of Climate Change
Oct 5 2017 // Banks, insurers, and other financial institutions must do more to take into account the risks posed by climate change to their business, a Dutch Central Bank study said. As global warming increases the risk of extreme...
Get Very Used to Drone Usage in the Insurance Industry
Oct 4 2017 // One major insurance carrier already has a program underway to train claims adjusters to visit accident sites and fly drones to gather data. American Family Insurance started working on developing a drone program around...
If You Don’t Tell Your Story, Someone Else Will
Oct 4 2017 // I have to be a little transparent today. I’ve struggled with writing. I normally have this post written by mid day on Monday, read over it again on Tuesday, and uploaded to the site for publishing first thing...
Why the Insurance Industry Needs a Toothbrush and Other Notes from Record-Breaking InsureTech Connect Conference
Oct 4 2017 // Insurance company employees wondering where all their bosses are this week should not be worried. It’s a good bet the executives are safe in Las Vegas at the second annual InsureTech Connect Conference. More than...
Oklahoma Emergency Care Provider Will Take Insurer to Court over Legal Fees
Oct 3 2017 // An emergency medical care provider in Oklahoma has authorized its attorneys to take a liability insurance company to court if needed to force the business to pay a claim aimed at covering legal costs. Emergency Medical...
Growing List of Re/Insurers Make Decisions on Post-Brexit EU Headquarters
Oct 3 2017 // Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become a non-life insurer, joining a growing list of insurers setting up regulated EU operations in case...
UPDATE 2: Global Re/Insurers Estimate Price Tag of Q3 Hurricanes & Quakes
Oct 3 2017 // Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit...
Everest Re Gets Nod to Launch Irish Insurer for EU Business; Aon’s Cross Is CEO
Oct 3 2017 // Everest Re Group Ltd. announced today that its Dublin-based subsidiary has been granted authorization in principle by the Central Bank of Ireland to operate as an authorized non-life insurer in Ireland. This entity, to be...
Mississippi City Wants Insurer to Pay Up for Building Collapse Clean Up
Oct 3 2017 // A southwest Mississippi city is trying to get paid for $370,000 it’s spent cleaning up a building that collapsed July 23. McComb city attorney Wayne Dowdy tells the Board of Selectmen that the building’s owner...
Hudson Taps Atlanta-Based Moreman to Establish Subcontractor Default Business
Oct 3 2017 // Hudson Insurance Group has added Wallace Moreman as senior vice president. In this new position, Moreman will establish a subcontractor default insurance (SDI) business for Hudson. Christopher Gallagher, president and CEO...
Blockchain Industry Initiative, B3i, Expands with 23 New Broker, Re/Insurer Entrants
Oct 2 2017 // The Blockchain Insurance Industry Initiative B3i announced it has expanded with 23 new brokers and re/insurers entrants, which will help with B3i’s upcoming market testing program. B3i’s new entrants are: AIA,...
New Association for Insurance Agency Networks Forming
Oct 2 2017 // An insurance industry lender is among those touting a new association for insurance agency networks. The lender, Live Oak Bancshares Inc., says it will not have ownership in the new group, Insurance Networks Alliance...
Indiana’s AG, 37 Others Urge Insurers to Help Fight Opioid Crisis
Oct 2 2017 // Indiana Attorney General Curtis Hill has joined a coalition of 37 states and territories urging health insurance companies to examine financial incentives that contribute to the opioid crisis. The bipartisan coalition is...
California Commissioner High on Marijuana Insurance, Sums up Trump Battle
Oct 2 2017 // It’s David vs. Goliath. That about sums up California Insurance Commissioner Dave Jones’ feelings on his efforts to keep the remnants of Obamacare up and running in his state while President Trump does his best...
States Should Implement Stronger Safeguards for Consumers in Natural Disasters: Rutgers Report
Oct 2 2017 // As homeowners file insurance claims in the wake of Hurricanes Harvey and Irma, many could find their level of protection depends on the state where their damaged home is located, according to a research report released by...
Workers’ Comp Premiums Up 1.0% in First Half of 2017
Oct 2 2017 // Workers’ compensation insurers reported a modest increase in direct written premiums — a 1.0 percent increase — during the first six months of 2017 versus the same period in 2016. Workers’...
With Hurricane Losses Insurers Downgrade Anticipated Profit Goals
Oct 2 2017 // Allstate expects insurance losses of about $593 million for August mainly due to Hurricane Harvey, which left a path of destruction along the Gulf Coast. The initial accounting follows warnings from other insurers that are...
Canada’s Intact Financial Completes OneBeacon Acquisition; Vows to Grow Specialty Insurer
Sep 29 2017 // Intact Financial Corp. said it has completed its acquisition of U.S. specialty insurer OneBeacon Insurance Group from Bermuda-based White Mountains Insurance Group. The purchase price was C$2.3 billion (US$1.7...
