Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Is No-Fault Auto Insurance to Blame for High Rates, Fraud?
Sep 13 2016 // A dozen states still use no-fault auto insurance to cover the medical expenses of crash victims. Michigan House members returned to work last week to decide whether they’ll give the state’s motorists a break on...
Florida’s First Hurricane in 11 Years ‘Could Have Been a Lot Worse’ for Industry
Sep 12 2016 // A large oak tree toppled over a Whataburger restaurant in Tallahassee, Fla., Sept. 2, 2016. Many businesses and homes in Tallahassee are without power and several roads are blocked due to tree damage caused by Hurricane...
China Opens Link for Insurers to Invest in Hong Kong Stocks
Sep 9 2016 // China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed to buy the city’s shares through an exchange trading link with Shanghai, the China Insurance Regulatory...
Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market
Sep 8 2016 // The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected...
Insurer Appeals Order to Pay Connecticut Diocese $945K for Abuse Settlements
Sep 8 2016 // An insurance company has appealed an order by a federal judge in Connecticut to reimburse the Roman Catholic Archdiocese of Hartford $945,000 for payments church officials made to settle sexual misconduct cases involving...
UK Chancellor of Exchequer to Discuss Brexit Plans with Insurers & Bankers
Sep 7 2016 // Chancellor of the Exchequer Philip Hammond will meet senior bankers in London on Wednesday to set out the government’s plans to support the economy and sound out their views for a post-Brexit Britain. Hammond will...
Fitch: No Credit Implications for Florida State-Run Insurers From Hermine
Sep 7 2016 // Hurricane Hermine, the first hurricane to make landfall in Florida in 11 years, is not likely to have a significant impact on the financial condition of the Florida Hurricane Catastrophe Fund (FHCF) or Citizens’...
BlackRock Says Investors Must Weigh Climate Change Like Insurers Are Doing
Sep 7 2016 // BlackRock Inc., the world’s largest asset manager, said all investors should factor climate change into their decision-making and doing so would not mean having to accept lower returns. Global moves to coordinate a...
Hudson Insurance Launches Commercial Excess & Umbrella Unit, Taps Farrell to Lead
Sep 6 2016 // Hudson Insurance Group has launched its new commercial excess and umbrella business unit that will provide coverage on a non-admitted basis in all 50 states. Led by Thomas Farrell, the unit will operate on a limited...
School Boards Insurance Company of Pennsylvania Rebrands Following Church Mutual Acquisition
Sep 6 2016 // School Boards Insurance Company of Pennsylvania Inc., which in June was acquired by Church Mutual Insurance Company of Merrill, Wis., has rebranded to CM Regent Insurance Company to better reflect the company’s...
UK Risks Losing Lloyd’s & London Market Insurers on Brexit: Lloyd’s Chairman
Sep 6 2016 // Lloyd’s of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain’s decision in June to leave the bloc,...
Demotech on Workers’ Comp: Premiums Up 2.3% in First Half of 2016
Sep 6 2016 // Demotech’s review of second quarter 2016 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 2.3 percent increase...
Trucking Through Cost, Talent, & Regulatory Roadblocks
Sep 6 2016 // It’s been a rough ride, full of twists, turns and a few roadblocks for truckers and their insurance specialists. Truckers today face a number of obstacles that have raised the cost of doing business, including tough...
Washington Commissioner Fines Pet Insurer for Violating State Laws
Sep 6 2016 // Washington Insurance Commissioner Mike Kreidler has fined a pet insurance company $150,000 for violating state laws. Kreidler said his agency issued fines in July against American Pet Insurance, which goes under the name...
AIG Reported to Be Selling Its Last Shares in China’s PICC Insurer
Sep 5 2016 // American International Group (AIG) is seeking to raise about $190 million by selling its remaining shares in China’s PICC Property and Casualty Co Ltd, according to a term sheet of the deal seen by IFR on...
Insurers Seen ‘Easily’ Handling Hermine Losses
Sep 2 2016 // Hurricane Hermine, which is poised to land in Florida Friday, may result in “manageable” losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is forecast...
California Granny Who Lost Life Savings Awarded $15M in Case Against Insurers
Sep 2 2016 // A California grandmother who lost her life savings in a real estate investment scam offered by an insurance agent was awarded more than $15 million Wednesday in a lawsuit against MetLife and two subsidiaries, attorneys...
Pennsylvania’s Keystone Insurers Group Hires Neff
Sep 2 2016 // Keystone Insurers Group, a property and casualty insurance partnership headquartered in Northumberland, Penn., has named Linda Neff as its director of school transportation, the firm’s largest specialty insurance...
EU Passporting Essential for Lloyd’s Market Position in Post-Brexit World: Fitch
Sep 1 2016 // The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access...
Commentary: It is a Catastrophe that No One Listens to the Experts on Florida
Sep 1 2016 // “If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.” Although the author is unknown, this comment is often attributed to Mark Twain or Thomas...
