Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How a Border-Adjustment Tax Would Hurt Louisiana’s Insurance Market
May 12 2017 // Louisiana already has some of the highest property insurance rates in the nation. But they could creep higher still—an estimated $1.11 billion higher over the next decade—should congressional tax-reform efforts limit...
Illinois’ Árachas Group Joins Keystone Insurers Group
May 12 2017 // Árachas Group of Bartlett, Illinois, created by the merger of two local insurance agencies, has joined Keystone Insurers Group, becoming the network’s 18th partner in the state. Sullivan & Associates, led by...
California Court Denies Review of Insurer Challenge to Commissioner’s Advertising Decision
May 12 2017 // The California Supreme Court this week rejected a petition for review by Mercury Insurance and a coalition of insurance industry groups in a case that pitted them against California Insurance Commissioner Dave Jones. The...
Bermuda Re/Insurers Hit by Ogden Rate Change, Higher Nat Cats: S&P
May 12 2017 // A big change in the Ogden rate in the UK and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor’s said in a new...
Travelers’ Drone Program Is Changing the Way Its Claims Reps Do Business
May 11 2017 // Powered by InsuranceJournal.tv 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...
Massachusetts Court Affirms How to Calculate Interest in Workers’ Comp Suit
May 10 2017 // The Massachusetts Appeals Court has affirmed the Department of Industrial Accidents (DIA) reviewing board’s decision in a case involving how interest should be assessed on unpaid workers’ compensation...
CEO Pusey to Leave Insurer Trade Group AIA for Eli Lilly
May 10 2017 // The American Insurance Association (AIA) announced today that President and CEO Leigh Ann Pusey will be stepping down on June 9, after leading the organization since 2009. Pusey is leaving to join global pharmaceutical...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
How P/C Insurers Fared in 2016
May 9 2017 // Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related property losses, according to ISO and the Property...
Will Technology Make Insurance Obsolete?
May 9 2017 // “Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April...
Australia’s Cyclone Debbie Estimated to Cost Insurers US$825.7M: PERILS
May 9 2017 // The initial estimate of insured property market losses for Cyclone Debbie is A$1.12 billion (US$825.7 million), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance...
Florida Lawmakers Once Again Fail to Pass AOB Claims Reform
May 9 2017 // Florida lawmakers have once again let slip an opportunity to address insurance claims abuse, as legislation failed to make it through the Senate before the 2017 legislative session ended Friday. This is the fifth...
Texas House Passes ‘Hailstorm’ Bill Aimed at Weather Damage Lawsuits
May 5 2017 // Note: this story was originally published in the Texas Tribune. The Texas House gave initial passage on May 4 to a bill that would make it harder for property owners to sue insurers over weather-related damage to...
Allstate’s Sadler Moves to Answer Financial as Director of Carrier Relations
May 5 2017 // Jeff Sadler has joined online insurance agency Answer Financial as director of Carrier Relations. Sadler will oversee strengthening the agency’s carrier platform to meet the needs of its growing customer base. He...
House Passes Obamacare Repeal, 217-213; Senate Support in Doubt
May 4 2017 // House Republicans mustered just enough votes to pass their health-care bill Thursday, salvaging what at times appeared to be a doomed mission to repeal and partially replace Obamacare under intense pressure from President...
California Insurer Groups and Insurance Department Battle over Auto Repair Survey Bill
May 3 2017 // A California bill that could affect auto repair costs is making its way through state Legislature, and one group that’s happy about that is the Association of California Insurance Companies. ACIC is one of several...
Texas Seeks Property Insurers’ Catastrophe Area Premium Data
May 3 2017 // The Texas Department of Insurance (TDI) has issued a special data call to companies writing direct commercial property or business owners insurance in Texas during calendar year 2016, seeking information that would help...
Startup Next Insurance Raises $29 Million from Insurers, Other Investors
May 3 2017 // Next Insurance, a digital insurance company for small to medium businesses, said it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide and other existing...
Insurer’s Lawsuit Says Keurig Coffee Machine Caused Massachusetts Fire
May 3 2017 // A legal dispute is brewing between insurance company Liberty Mutual and Keurig Green Mountain, the maker of single-cup coffee machines. The Boston-based insurer has filed a lawsuit that alleges that a Massachusetts...
Mexico Auto Thefts Surge in Ominous Trend for Insurers
May 3 2017 // Auto-theft rates in Mexico are rising at the fastest pace ever, and authorities are getting worse at tracking down the stolen cars. In March, the number of auto thefts rose 21 percent from the same month a year earlier,...
