Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Reinsurers at Baden Baden Forum Expect P/C Insurers to Resist 2017 Price Hikes
Oct 24 2016 // Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of...
Connecticut Based Insurer Cigna Eases Rules for Opioid Addiction Medication
Oct 24 2016 // The health insurer Cigna has agreed to end a policy that required physicians to fill out extra paperwork before they could give patients a drug used to treat opioid addiction. The move announced Friday comes after New York...
Big Data Gathered by Twitter Monitoring Could Cut Premiums – and Erode Privacy
Oct 24 2016 // When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help...
North Carolina Insurers Want Supreme Court Review of 25% Rate Hike Denial
Oct 24 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...
Dangers in Data Collection: How Much Is Too Much?
Oct 24 2016 // How to Help Insureds Manage Customer Privacy Risk Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data...
Is Training the Key to Unlocking Analytics Talent?
Oct 24 2016 // Analytics and big data are here to stay. Already creating monumental shifts in the business world, today’s analytical advancements are leading an evolution on how people think about information, track data, shop for...
The Insurance Industry of Tomorrow
Oct 24 2016 // There was a great turnout for the future of the insurance industry early this month in Las Vegas. The occasion was the first InsureTech Connect Conference, which brought together an estimated 1,500 tech entrepreneurs,...
Q2 Report: P/C Insurers’ Direct Premium Written Up 3.6 Percent
Oct 24 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion DPW was reported, a record-high. For 2015, total DPW for all P/C...
Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B
Oct 21 2016 // Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international...
Could More State Commissioners Require Climate Disclosure?
Oct 20 2016 // Max Messervy took a decidedly positive tack when pried again and again to reveal any negative reaction to a report he puts together every so often. Messervy, the insurance program manager at sustainability leadership...
Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million
Oct 20 2016 // Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital...
More Insurers Disclosing Climate Change Risks, Report Shows
Oct 20 2016 // Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes...
