Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Stop Cutting Prices, Bank of England Warns Insurers
Sep 21 2016 // The London insurance market should not keep cutting prices to secure business because low interest rates mean investment earnings can no longer cushion poor underwriting, the Bank of England said. The key challenge for the...
Why Insurers Must Pick Up Their Technology Pace
Sep 20 2016 // The insurance industry is on the horns of a dilemma: how to use new technologies to improve their operations and how to insure the risks these new technologies present to their customers. The pace of technology is changing...
P/C Insurers’ Underwriting Loss Worsened in First Half
Sep 19 2016 // Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an underwriting loss of...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Sep 19 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
New York’s Attempt to Subject Surplus Lines Insurers to Insurance Franchise Tax
Sep 19 2016 // New York has increasingly asserted that unauthorized insurance companies — including surplus lines insurance companies — are subject to New York insurance franchise tax. However, there are several arguments...
New Technologies: A Double-Edged Sword for Insurance Companies
Sep 19 2016 // The insurance industry is on the horns of a dilemma: how to use new technologies to improve operations and how to insure the risks these new technologies present to customers. Situation The pace of technology is changing...
How Competition Brings Out E&S Market’s Creativity
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
September Earthquake Deemed Oklahoma’s Strongest on Record; Insured Costs Uncertain
Sep 19 2016 // An earthquake that hit Pawnee, Okla., in the north central part of the state on Sept. 3 was upgraded on Sept. 7 from the preliminary 5.6 magnitude estimate to a 5.8 magnitude temblor by the U.S. Geological Survey, making...
Florida’s First Hurricane in 11 Years ‘Could Have Been a Lot Worse’ for Industry
Sep 19 2016 // The 11-year hurricane drought in Florida is officially over. While preliminary damage estimates and claims are still trickling in from Hurricane Hermine, Florida’s first named hurricane since 2005, the consensus from...
Gamification in Insurance: Playing to Win
Sep 19 2016 // Among the many innovations happening in the insurance industry today, gamification is surely one of the more interesting. At the nexus of trends ranging from behavioral science and social networking to the Internet of...
Future Workers’ Compensation Profitability Faces Obstacles
Sep 19 2016 // Workers’ compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in 2015. However, long-term...
Re/Insurers Need to ‘Reinvent’ Products to Participate in New Economy: XL’s McGavick
Sep 16 2016 // The re/insurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. Competitive pressures are...
Louisiana Police Jury Seeks to Recover Stolen Money, Sues Insurer
Sep 16 2016 // The Rapides Parish Police Jury has hired a law firm to try to recover money they say was stolen from the District Attorney’s Office by an employee. The police jury, which is the governing authority for the parish,...
New York Regulators Announce Emergency Measure to Protect Some Health Insurers
Sep 16 2016 // New York’s Department of Financial Services has issued an emergency regulation intended to help the state’s health insurers deal with a federal requirement that puts some under sharp financial stress. The...
New York Proposes ‘Flexible’ Cybersecurity Regulation for Insurers, Banks
Sep 15 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...
Carrier to Exit New Jersey Health Exchange Marketplace
Sep 14 2016 // State officials say a health insurance carrier is leaving New Jersey’s health exchange marketplace created under the Affordable Care Act, or ACA. Officials with Health Republic of New Jersey say the insurance co-op...
Re/Insurers May Be Entering Reserving ‘Danger Phase’: JLT Re Execs
Sep 14 2016 // Re/insurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked well to compensate for low investment yields and soft...
UK Auto Insurer Esure to Spin Off Gocompare.com Unit
Sep 13 2016 // Esure Group Plc climbed to the highest since June 30 after the U.K. automotive insurer announced a plan to demerge its price-comparison website Gocompare.com through a separate listing on the London Stock Exchange. The...
Powell Named Missouri VP for Keystone Insurers Group
Sep 13 2016 // Keystone Insurers Group has named Andrea Powell as its state vice president for Missouri. Powell brings 16 years of experience in the insurance industry. Most recently, she was the Missouri marketing representative for...
Oklahoma Quake Insured Costs Uncertain; Swiss Re Suggests New Products Needed
Sep 13 2016 // Damage estimates of insured losses from the earthquake that hit Pawnee, Okla., in the north central part of the state on Sept. 3 likely won’t be available until early October, according to an insurance department...
