Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Insurer Group PCI Adds 4 to Federal Relations, Tax Policy Teams
Jun 1 2017 // The Property Casualty Insurers Association of America (PCI) announced the addition of four new hires in the areas of federal government relations and taxation. Mona Dooley and Kyle Glenn are joining the association as...
Willis Programs Taps Allianz as Carrier for Agribusiness Programs
May 31 2017 // Willis Programs has partnered with Allianz Global Corporate & Specialty (AGCS) on coverage for its DairyProtector and FeedLotGuard programs. Allianz, a property casualty insurance carrier in the agribusiness industry,...
Greece Aims to Attract U.K. Shipowners, Insurers & Brokers Seeking Brexit HQs
May 31 2017 // The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc. “We’re in contact...
New Bond ETF Rules Expected to Attract Investments from Insurers
May 31 2017 // BlackRock Inc. expects $300 billion in new money from insurers to flood into the already booming bond exchange-traded fund sector over the next five years, a spokeswoman said on Tuesday, following a move by regulators to...
Illinois Senate Passes Bills Requiring Work Comp Pre-Approval, Creating Nonprofit Insurer
May 30 2017 // The Illinois Senate has passed two workers’ compensation measures — one that would require companies writing workers’ comp insurance to get state approval for the rates they charge, and another that creates a...
Munich Re, Aviva Ventures Invest in UK Connected Home Insurer Neos
May 30 2017 // Neos, a UK connected home insurer, announced last week it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. The strategic investment...
Insurer USAA Caught in Hannity TV Advertising Controversy
May 30 2017 // Financial services firm USAA, facing a backlash to its decision to pull advertising from Sean Hannity’s show on Fox News Channel, says it is withdrawing from other opinion-based television programs. The company,...
Flood Insurance Looks Like One Area of Bipartisan Agreement
May 30 2017 // Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners...
Here’s What the House Has in Mind for Revamping Flood Insurance Program
May 26 2017 // A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The proposal would introduce...
Lloyd’s Insurers Launch Asia Political Risk Consortium
May 25 2017 // Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and Talbot will work...
Insurance Groups Welcome Delay in Liability Insurance Law Restatement
May 24 2017 // Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by Insurance Journal, the American Legal Institute (ALI) on...
California Commissioner Lowers Workers’ Comp Pure Premium
May 22 2017 // California Insurance Commissioner Dave Jones issued a revised advisory pure premium rate, lowering the benchmark to $2.02 per $100 of payroll for workers’ compensation insurance effective July 1. This is 16.5 percent...
California’s Comp Insurers Had 5.1% More in Direct Written Premium in 2016
May 22 2017 // California workers’ compensation insurers wrote $12.96 billion in direct written premium last year, an increase of $628 million, or 5.1 percent, from the prior year, according to new data from the National...
Private Equity Firm Carlyle Sues Insurers Over Oil Losses
May 22 2017 // Julia Payne U.S. private equity firm Carlyle Group is suing a group of its insurers over $400 million worth of oil it claims it lost when Morocco’s sole refinery went bankrupt two years ago, court documents...
Update: Insurers Sound Alarm Over Liability Law Restatement; Vote Delayed
May 22 2017 // Liability insurers, their lawyers and their regulators are holding their collective breath that a scheduled vote this week on a proposed restatement of law regarding liability insurance will not happen. If approved, the...
Firms Turn to Kidnap Insurance Policies to Cover Ransomware Losses
May 19 2017 // Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry,”...
UK Insurer Ageas Uses Artificial Intelligence to Manage Motor Claims
May 19 2017 // UK insurer Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims in partnership with AI specialist Tractable. In what it describes as “a first” for the UK market, Ageas...
Democratic Attorneys General Move to Defend Obamacare Insurer Subsidies
May 19 2017 // More than a dozen Democratic attorneys general on Thursday sought to intervene to defend a key part of the Obamacare healthcare law — subsidy payments to insurance companies — which is under threat in a court...
Re/Insurers, Other Global Businesses Have Stake in New WHO Leader
May 19 2017 // The World Health Organization’s 194 member-states will vote for a new director-general next week, choosing a doctor to lead the planet’s top technical agency on all matters health. With a $4 billion annual...
