Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Cyber, Risk Management & Claims for Accountants’ Liability
Nov 7 2016 // The environment for accountants’ professional liability (APL) insurance programs continues the trend of the past few years of both expansions in coverage and risk management with many programs. The market is also...
3 Ways Auto Insurers Should Adapt to Drivers’ Changing Road Habits
Nov 7 2016 // For a historically slow-moving industry, changes are occurring at a rapid rate in today’s auto insurance world. Drivers’ road habits are shifting and auto insurers should adapt to the changing behavior behind...
Startup Auto Insurer Root Targets Good Drivers with Smartphones
Nov 7 2016 // Root officially debuted in the U.S. market on October 25. The fledgling auto insurer, just 18 months old, relies on telematics and a customer’s smartphone to deliver what it says will be significantly cheaper rates...
Goldman Sachs, Paulson Settle Fraud Claims by Bond Insurer Over Subprime CDO
Nov 6 2016 // Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial...
Texas Stamping Office Updates Surplus Lines Eligible Insurer List
Nov 4 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) reported the following changes to the eligible insurer list. Alien insurers effective 10/1/2016 include the following: The Hanover Atlantic Insurance Company LTD. Helvetia...
Berkshire’s Workers’ Compensation Product Carries Risks of Innovation
Nov 4 2016 // David Miller is a stickler for safety at the Goodwill stores he runs in central California. So when Applied Underwriters offered his nonprofit a deal on insurance for workplace accidents if he could minimize injuries, he...
Court Rules in Favor of Massachusetts Insurers Insolvency Fund in Workers’ Comp Suit
Nov 4 2016 // The Supreme Judicial Court of Massachusetts in Boston, Mass., has ruled that the Massachusetts Insurers Insolvency Fund is authorized to recover certain amounts paid by the fund in workers’ compensation benefits on...
China’s Online Insurer ZhongAn Launches Fintech Incubator
Nov 4 2016 // ZhongAn Online Property & Casualty Insurance Co. Ltd., China’s first online insurance company, has launched a fintech innovation company. The company, called Called ZhongAn Information and Technology Services Co....
The Hartford Goes Green for Millennials
Nov 3 2016 // If Alexandra Zepp is typical of those in a millennial generation that’s beginning to account for a larger and more influential portion of the nation’s workforce, then what she has to say about her choice of...
AG Defends California Insurance Commissioner’s Regulatory Move
Nov 2 2016 // The California Supreme Court heard oral arguments this week, during which the Attorney General’s office in suit filed by the insurance industry defended a regulatory move by Insurance Dave Jones. The regulation was...
Drivers Leaving Keys for Thieves a Growing Problem, Says Insurers’ Crime Bureau
Nov 2 2016 // Last year, one out of every eight car thefts was a freebie for the thief because the driver left the keys or the car access device inside. It’s a growing problem according to a report from the insurance...
Georgia Orders Property Insurers to Report Hurricane Matthew Claims Data
Nov 2 2016 // The Georgia Department of Insurance is ordering all insurers operating in the state to report claims information related to Hurricane Matthew. The storm, which began its path through Georgia starting Oct. 7, is estimated...
Aspen Insurance Acquires Puerto Rico Marine MGA, Blue Waters Insurers
Nov 1 2016 // Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings, announced it has acquired Blue Waters Insurers Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist marine...
California Commissioner Wants Workers’ Comp Insurers to Reduce Rates
Oct 27 2016 // California Insurance Commissioner Dave Jones issued a formal finding today that costs to insurers in the workers’ compensation system are declining and he’s asking workers’ comp insurers to pass those...
Michigan Golf Course Verdict Puts Insurers in the Rough
Oct 27 2016 // Did the weight of winter ice ruin the putting greens at three suburban Detroit golf clubs? That tricky issue was posed to jurors in federal court, who ruled in favor of the clubs last week in a dispute with insurance...
Pennsylvania Insurance Commissioner Warns Flood Victims About Repair Scams
Oct 27 2016 // Pennsylvania Insurance Commissioner Teresa Miller is urging homeowners whose properties suffered damage in the recent flooding that hit several North Central Pennsylvania counties to be cautious of scams when seeking...
U.S. Homeowners Insurers’ Premiums Growing But Return on Equity Down: Aon
Oct 26 2016 // The U.S. homeowners insurance market is on track for continued growth in direct premiums for 2016 despite a decreasing return on equity for insurers. U.S. homeowners premium is set to surpass $90 billion for the first...
Startup Auto Insurer Root Targets Good Drivers with Smartphones
Oct 25 2016 // Root officially debuted in the U.S. market on October 25. The fledgling auto insurer, just 18 months old, relies on telematics and a customer’s smartphone to deliver what it says will be significantly cheaper rates...
Insurers vow ‘muscular’ response to over-regulation
Oct 25 2016 // Insurers aren’t known for their aggressive pushback against overly meddlesome regulations. American insurance companies – like any massive industry – have a large lobbying presence. But they tend to tread...
Ping An Insurance Executive Says Stock Considerably Undervalued
Oct 25 2016 // Ping An Insurance (Group) Co., the world’s second-largest insurer by market value, is undervalued by as much as 45 percent, a senior executive at the company said. The $94 billion company, whose businesses span...
