Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Plans Underway for Super Regional P/C Insurer Conference 2017 for C-Suite Professionals
Dec 3 2016 // Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis. The theme of the event is...
California Commissioner Issues Auto Collision Repair Regulations
Dec 2 2016 // California Insurance Commissioner Dave Jones issued new Auto Collision Repair Labor Rate Survey Regulations that he said will increase consumer protections when a damaged vehicle is repaired. The California Department of...
Insurers Praise House Approval of Systemic Risk Reform Bill
Dec 2 2016 // The House of Representatives took a step toward changing the Dodd-Frank financial regulation law by passing a measure that requires that a systemic risk designation be based on more than a financial institution’s...
North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies
Dec 2 2016 // The North Carolina Rate Bureau (NCRB) has requested a 19.6 percent rate increase on all dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. NCDOI announced Dec. 1 it is...
Swiss Re’s U.S. Solar Power Plant is One Part of Its Climate Change Commitment
Dec 1 2016 // Swiss Re’s solar power installation at its U.S. headquarters in Armonk, N.Y., a 2-megawatt facility expected to be up and running by late spring 2017, is just one part of a green theme that the carrier has been...
Chinese Insurers May Hike Overseas Investments by $100B over 3 Years: BNP Paribas
Dec 1 2016 // Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real estate, BNP Paribas said on...
London Insurers List 4 Priorities for Brexit Negotiations
Nov 30 2016 // Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market. The objectives outline arrangements that will help the City of London “maintain its position as the...
Furtado Joins Western National Insurance as VP, Agency Sales
Nov 29 2016 // Western National Insurance Group has hired Eric Furtado as vice president of agency sales. He is based in the company’s Edina, Minn. office and is responsible for day-to-day sales activities, as well as management of...
Asbestos Losses Continue to Haunt P/C Insurers: A.M. Best
Nov 29 2016 // Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s $15 billion higher than the previous estimate, according to a new A.M. Best...
Insurance Industry Sees Challenges with New York City Crawler Crane Requirements
Nov 29 2016 // The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory...
AXIS Capital Buys Belgium-Based Specialty Aviation Re/Insurer Aviabel
Nov 29 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced it has agreed to acquire general aviation insurance and reinsurance leader Aviabel, in a move that is designed to increase the company’s scale and relevance in the...
Insurtech to Become Part of Traditional Insurance Landscape: S&P Report
Nov 29 2016 // Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report. “We...
Nebraska County to Challenge Insurers Over Coverage for $28M Lawsuit
Nov 28 2016 // Nebraska’s Gage County will challenge its insurers’ decision not to cover it for a $28.1 million judgment awarded to six people who were wrongfully convicted of murder. KWBE reports that the county board...
Insurtech Startups Attract Growing List of Traditional Insurer Partners
Nov 28 2016 // Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years. The 46-year-old head of Munich Re’s Digital Partners unit has said the industry is...
Fitch Sees Large Insurers Gaining from Trump Deregulation
Nov 22 2016 // Broad financial industry deregulation under the Trump administration would ease regulatory burdens for large U.S. insurance companies while macroeconomic trends resulting from shifting global and economic policies could...
Special Report: A Tale of Superbugs’ Deadly Costs
Nov 22 2016 // With good reason, Dan Greulich’s doctors called him “the miracle man.” In the span of a decade, the insurance company executive engaged not once, but twice, in a race with death as he awaited replacements...
New Jersey’s Selective Insurance Company of America Appoints New Officers
Nov 22 2016 // Selective Insurance Company of America, the Branchville, N.J., headquartered subsidiary of Selective Insurance Group Inc., has made five new officer appointments. The company has appointed Rohan Pai to senior vice...
Major Canada Earthquake Could Lead to Widespread Insurer Insolvencies: Report
Nov 22 2016 // A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and trigger a domino effect across the financial sector, according to a Conference Board of...
Q&A: Deloitte Insurance Expert Discusses Hurricane Season and Flood Insurance
Nov 22 2016 // Powered by InsuranceJournal.tv Although Atlantic hurricane season ends in November, cleanup from any damage seen on the East Coast could last beyond the end of the season. Some coastal areas, such as Virginia Beach, were...
Who Pays When Driverless Cars Crash? UK Insurers Call for Int’l Standards
Nov 22 2016 // Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, according to the Association of British Insurers (ABI). The ABI supports the formation of...
