Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Supporting the Troops: Industry Gives Back to Those Who Served
Dec 19 2016 // Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn...
California Commissioner Issues Anti-Steering Regulations
Dec 16 2016 // California Insurance Commissioner Dave Jones has issued new Anti-Steering in Auto Body Repair regulations that he says increase protections to prevent consumers from being misled or claims delayed when a collision-damaged...
Re/Insurers’ Fundamentals Begin to Erode in Challenge-Filled Market: A.M. Best
Dec 16 2016 // The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled “Insurers Hunt for...
Hartford’s Execs Make Plea to End ‘Real Issue, Real Pain’ of Distracted Driving
Dec 16 2016 // Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 million prior-year...
Allianz Eyes Purchasing Generali’s French Operations: Sources
Dec 16 2016 // Allianz SE, Europe’s largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company’s French operations, according to people familiar with the matter. Allianz executives...
Vermont Ski Resort Owner Suing Insurer to Fund Defense in Fraud Case
Dec 15 2016 // A Vermont ski resort owner is suing his insurer in federal court for more than $2 million to fund his legal defense against fraud accusations brought by the Securities and Exchange Commission. Jay Peak owner Ariel Quiros...
More UK Insurers Consider Move to Ireland for Europe HQs: Central Bank
Dec 15 2016 // A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country’s vote to leave the European Union,...
Insurer Community Investments in California Earn $10M in Tax Credits
Dec 14 2016 // California Insurance Commissioner Dave Jones announced $10 million in tax credits awarded to 15 insurance companies and other investors that made more than $50 million in capital investments into California’s...
South Africa’s Rand Merchant Acquires 30% of UK Motor Insurer Hastings
Dec 14 2016 // South Africa’s Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm’s shares to 2-1/2...
California’s Surplus Export List Getting Interest Ahead of Upcoming Hearing
Dec 13 2016 // Ben McKay, executive director of the Surplus Lines Association of California, said his phone has been quite a bit busier lately ahead of a public hearing on Friday on the state’s export list. People in the insurance...
California Workers’ Comp Bureau Issues Report on 3Q Insurer Experience
Dec 13 2016 // California’s Workers’ Compensation Insurance Rating Bureau on Tuesday issued its report on statewide workers’ comp insurer loss and premium experience through Sept 30, which among other things shows that...
Transportation Insurer National Interstate Promotes Skuggen, Adds AIG’s Blankenship
Dec 13 2016 // National Interstate Insurance Co. announced the promotion of George Skuggen to senior vice president and the hiring of Steve Blankenship as vice president, Passenger Transportation. In his new role, Skuggen will oversee...
Lloyd’s Insurers Urged to Focus on U/W Discipline as 2016 Losses Loom
Dec 13 2016 // Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd’s to cut its subscription rates. To...
Top Florida Stories of 2016: The AOB ‘Insurance Crisis’
Dec 13 2016 // Assignment of benefits abuse has become such a well-known problem in the state of Florida this year that it now just goes by the nickname “AOB.” The issue with AOB comes from when a policyholder suffers a loss,...
Main Street America’s Surety Bond Capacity Increased to $98M
Dec 12 2016 // The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $98.6 million. The super-regional property/casualty insurance...
Zurich Insurance Agrees to Acquire Australia’s Biggest Travel Insurer for $551M
Dec 12 2016 // Switzerland’s Zurich Insurance Group has agreed to buy Australia’s biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million), stepping up its investment in the Australian...
Insurance Journal and Demotech, Inc. Announce Super Regional P/C Insurer Conference 2017 for C-Suite Professionals
Dec 12 2016 // Lake Geneva, WI, December 12, 2016- Insurance Journal and Demotech, Inc. announced their inaugural Super Regional P/C Insurer Conference, held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake Geneva,...
North Carolina High Court Dismisses Insurer Rate Increase Request
Dec 12 2016 // North Carolina’s Supreme Court is rejecting efforts by insurance companies to raise homeowners’ premiums. The state’s highest court on Friday dismissed arguments by the group that represents North...
North Dakota’s Nodak Mutual Seeking to Convert to a Stock Company
Dec 12 2016 // A North Dakota mutual insurer with ties to the Farm Bureau is awaiting a decision from the state insurance commissioner as to whether it can proceed with a plan to convert to a stock insurance company. Nodak Mutual...
Keystone Insurers Group Adds More Michigan Agencies
Dec 9 2016 // Keystone Insurers Group announced the addition of three more agency partners in Michigan: Nulty Insurance Agency, Ottawa Kent Insurance and Mason-McBride Inc. Keystone recently expanded into Michigan, adding Saginaw Bay...
