Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
North Carolina Insurers Want Supreme Court Review of 25% Home Insurance Rate Hike Denial
Oct 4 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...
Berkshire’s Applied Underwriters Defends Workers’ Comp Products, Says Brokers Should Not Be at Risk
Oct 3 2016 // Legal and regulatory squabbles in New York, California and other states involving Berkshire Hathaway and its Applied Underwriter affiliates over particular workers’ compensation products should not have any negative...
New York Proposes Cybersecurity Regulation for Insurers, Banks
Oct 3 2016 // The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing...
Insurers in Iowa Asked to Provide Relief to Those Impacted by Flooding
Oct 3 2016 // In advance of expected late September flooding in the Cedar Rapids, Iowa-area, state Insurance Commissioner Nick Gerhart issued a bulletin requesting the assistance of both property/casualty and life/health insurance...
P/C Direct Premium Written Up 4.3 Percent: Demotech
Oct 3 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion of DPW was reported, a record high for the industry. For 2015,...
Strategic Carrier Mistakes and New Blood Opportunities
Oct 3 2016 // Carriers have made a huge mistake. Most do not yet get it. Some never will grasp the mistake they’ve made. Some will know but will forever deny they have made the mistake. However, it is a strategic mistake...
Insurer Groups’ Supported Bills Signed into law by California Governor
Sep 29 2016 // Two insurance groups praised California Gov. Jerry Brown over his signing on various insurance-related legislation. Brown recently approved legislation co-sponsored by the Association of California Insurance Companies to...
Insurance Company Wants Out of Delaware Child Porn Defamation Suit
Sep 29 2016 // A federal judge has ruled that an insurance company is obligated to defend the ex-wife of serial political candidate Richard Korn in a defamation lawsuit he filed against her. Liberty Mutual argued that a homeowner’s...
2 New Insurers Approved to Operate in Arkansas
Sep 27 2016 // The Arkansas Insurance Department announced that two companies have been approved to begin offering insurance products in the state. Arkansas Insurance Commissioner Allen Kerr has granted authority to Motorists Life...
Insurers Encouraged by Latest Round of Covered Agreement Talks
Sep 27 2016 // Insurers say they are encouraged by the most recent developments in the covered re/insurance agreement negotiations between the United States and European Commission. Following the latest round of the talks, held Sept....
Could Trouble with Comp Products from Berkshire Affiliates Land in Brokers’ Laps?
Sep 26 2016 // Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with...
Private Mortgage Insurers’ Bigger Slice of Freddie Mac Pie Smaller Than Hoped
Sep 26 2016 // Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it’s shaping up to be less lucrative than they had hoped. Freddie Mac on Monday planned to...
Report: Some Illinois Insurance Companies Forcing Roof Replacements
Sep 26 2016 // When Dennis Roberts’ car insurance started getting a bit too expensive, he did what a lot of consumers do and shopped around. Then he picked a new company and switched both his home and auto coverage, never expecting...
Penn State and Insurer Settle Fight Over Payments to Sandusky Sex Abuse Victims
Sep 26 2016 // Penn State has settled a court fight with its insurer over payments to victims of the Jerry Sandusky child sex abuse scandal, a case that revealed new allegations about how early late Penn State football coach Joe Paterno...
Canada’s Regulator Tightens Capital Requirements for Mortgage Insurers
Sep 23 2016 // Canada’s financial services regulator released new draft capital requirements for federally regulated mortgage insurers to better reflect growing risks in the country’s housing markets. The Office of the...
R&Q Acquires U.S. Sports Captive Insurer in Runoff
Sep 23 2016 // London’s Randall & Quilter Investment Holdings Ltd. said it has acquired United States Sports Insurance Co., a wholly owned captive insurer of USA Swimming Inc. for $2.1 million. The company being acquired was...
Lloyd’s Insurer Advent Names Gray as Direct & Facultative Property Consultant
Sep 23 2016 // Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct & facultative (D&F) property division. He takes up his role with immediate effect and will report to Nigel Fitzgerald, CEO. Gray...
Home Insurers, Agents Face Satisfaction Gap with Affluent Gen Y Customers
Sep 22 2016 // Overall, home insurers are performing better in customer satisfaction as they compete more on improving the customer experience than on price. However, there is one up-and-coming affluent consumer group — the Gen Y...
New MGA Verve to Target Liability Market for Insurance Agents, Insurers in U.S.
Sep 22 2016 // Newly-launched managing general agency Verve Risk Partners plans to target U.S. professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers. The...
Peer-to-Peer Personal Lines Insurer Lemonade Opens for Business in New York
Sep 21 2016 // Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup’s debut and initial venture funding announcement. The New York-based company, which its founders promise will...
