Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Maryland’s Frederick Mutual Insurance Company Promotes Roso
Jun 13 2017 // Frederick Mutual Insurance Company (FMIC), a Frederick, Md.-based provider of insurance coverage to homeowners and businesses in the states of Maryland and Pennsylvania through a network of independent agents, has promoted...
Burand’s State of P/C Insurance Industry, Part 1: Agencies Facing Paradigm Shift
Jun 13 2017 // Editor’s Note: This is the first of two articles by Burand based on his most recent 50-page whitepaper, State of the P&C Insurance Industry 2017. The whitepaper is available from Insurance Journal’s...
Lloyd’s Urges Insurer Investment in Natural Habitats for Flood Protection
Jun 13 2017 // Natural coastal habitats such as mangroves, coral reefs and salt marshes protect communities more effectively against coastal storms than seawalls, and insurers should consider this when pricing flood risk, Lloyd’s...
Washington County Insurer to Pay $2.25M Wrongful Conviction Settlement
Jun 12 2017 // The insurance company for Spokane County, Wash. will pay $2.25 million to settle a federal civil rights lawsuit that contended the Spokane County Sheriff’s Office engaged in witness-tampering and recklessness to...
How and Why More Insurers Are Turning to Bots
Jun 12 2017 // As more bots handle claims and perform underwriting tasks, should human employees be concerned? Human industry experts say there’s no need to worry. Insurers in the U.S. and overseas are exploring the use of chatbots...
N.C. Lawmakers Again Scuttle Bill to Reform Rate Bureau
Jun 11 2017 // Most of the auto insurance industry has for several years been trying to convince North Carolina’s lawmakers to eliminate the last vestiges of the once-common “rate bureau” system, under which the...
U.S. Storms in May to Cost Insurers $3B; Economic Costs Total $4B: Aon Report
Jun 9 2017 // Total aggregated economic losses from severe weather in the U.S. during May was set to exceed US$4.0 billion, while public and private insurers face a combined payout approaching an estimated US$3.0 billion, according to...
Climate Change Advocates Galvanized by Trump Decision
Jun 8 2017 // You’d think climate change activists now living under a new reality created by a U.S. president making good on his promise to withdraw the nation from the Paris accord on global warming would feel at least a bit...
Cape Town Hit by Worst Storm in 30 Years, Threatening Insurers’ Outlook
Jun 8 2017 // South Africa’s property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years and dozens of fires engulfed the region around the town of Knysna this...
Keystone Insurers Group Names Maurer as VP in Michigan
Jun 8 2017 // Property/casualty insurance broker, Keystone Insurers Group (Keystone), has appointed Mark Maurer as its state vice president in Michigan. Maurer recently was vice president at Arlington/Roe. While there he established an...
Cuomo Takes Steps to Keep New York Insurers in Obamacare
Jun 7 2017 // New York Governor Andrew Cuomo announced steps on Monday to encourage insurers to keep selling health plans in the state’s Obamacare exchange, as the companies withdraw from other markets amid uncertainty surrounding...
U.S. P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord
Jun 6 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
Private Insurer Will No Longer Fund Fraud Prosecutions in Texas
Jun 6 2017 // Note: This article originally ran in the Texas Tribune. Thanks to new money and oversight from the Texas Legislature, the state can now pursue workers’ compensation fraud cases without relying on an unusual and...
Canada’s Home Insurers Undergo Claims Stress Test: J.D. Power
Jun 6 2017 // A record year for catastrophic disasters, from the Fort McMurray fire to floods in Quebec, have put Canadian home insurers to the test in 2017. According to the J.D. Power 2017 Canadian Home Insurance Study, a spike in...
Travelers’ Drone Program Is Shaping the Way Claims Reps Do Business
Jun 5 2017 // Travelers’ Claim University, founded in 2007, is working to change the way its claims professionals do business through the use of drones to assist in property inspection and claims analysis. The nearly...
P/C Industry Posts $4.7B Net Underwriting Loss in 2016
Jun 5 2017 // Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by higher catastrophe-related property losses, according to ISO and the Property Casualty Insurers...
Texas Lawmakers Pass ‘Hailstorm’ Litigation Bill
Jun 5 2017 // Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events passed the state...
A Few E&O Tips to Watch: Certificates, Carrier Ratings and Alternative Markets
Jun 5 2017 // It seems agencies today have more challenges than ever. Below are three tips to reduce errors and omissions (E&O) exposures. 1. Send Certificates of Insurance I would love to share with you a story regarding a...
P/C Insurers Positioned to Absorb Hurricane Season: Fitch
Jun 2 2017 // The 2017 U.S. hurricane season may be here, but property/casualty insurers should be able to handle the challenges it brings, Fitch Ratings said in a new report. “Fitch currently has a negative sector outlook on the...
Texas Windstorm Insurer: Finances Sound at Start of Hurricane Season
Jun 1 2017 // The Texas Windstorm Insurance Association (TWIA) says it is financially sound and ready for the 2017 hurricane season by once again securing $4.9 billion in total funding. In a media release, TWIA said its 2017 season...
