Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become Premier Specialty P/C Insurer
May 15 2017 // Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a “premier” specialty property/casualty insurance company, both domestically and abroad, now that Liberty Mutual...
As Auto Insurance Sales Stagnate, Carriers Turn to Agents: J.D. Power
May 15 2017 // Amid a second straight year of stagnant auto insurance shopping activity and modest rate increases, auto insurance companies have grown increasingly reliant on great customer service, personalized advice and strong agents...
Top 10 Technical Fouls to Avoid When Filing Environmental Claims
May 15 2017 // Benzinger is chief broking officer and managing director at Aon Risk Solutions Environmental Practice. Claims are where the rubber meets the road for an insurance policy. For some lines of coverage, like workers’...
Producer Compliance in California: The Top Three Regulatory Danger Zones
May 15 2017 // Like Big Brother, California’s Department of Insurance is watching you. Okay, perhaps not literally — and certainly not all of you, but the department definitely has its antennae up when it comes to the...
Illinois’ Cost per Workers’ Comp Claim Trending Down
May 15 2017 // The average total cost of a workers’ compensation claim in Illinois has dropped by 6.4 percent since 2010, but the state still has relatively high costs per claim, according to a report by the Workers Compensation...
Insurance Industry-Backed Storm Damage Bill Passes Texas House
May 15 2017 // The passage in the Texas House of a bill limiting liability for property insurance companies sued by policyholders following weather related events has given the insurance industry, which lobbied strongly for the bill,...
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...
