Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Security Vendors, Partnerships Offer Key to Simplifying, Selling Cyber Insurance Online: CoverHound CEO
Jun 9 2016 // CoverHound CEO Keith Moore has a vision of simplifying cyber insurance sales that involves underwriting the security vendors used by insureds—a model that could ultimately allow small business customers to bind their...
Global Disasters During May to Cost Insurers at Least $7B: Aon Report
Jun 9 2016 // Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield’s catastrophe model...
Doak Deems Oklahoma Earthquake Insurance Market ‘Noncompetive’
Jun 8 2016 // Oklahoma’s top insurance regulator has determined that there’s a definite lack of competition in the earthquake insurance market in Oklahoma and ordered insurers to change the way they file rates for the...
Connecticut Reviewing Health Insurers’ Rate Hike Requests
Jun 8 2016 // Connecticut’s Department of Insurance is reviewing rate increase requests filed by 14 health insurance companies that range on average from 2.1 percent to 32 percent. The private plans, offered on and off the...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report
Jun 8 2016 // When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a...
Ohio Insurers Group: 11 Metro Areas in State See Decline in Auto Thefts
Jun 7 2016 // The Ohio Insurance Institute (OII) reported that 11 of the 15 Ohio metro areas (MSAs) in the National Insurance Crime Bureau’s (NICB) Hot Spots report show a decline in auto thefts between 2014 and 2015, based on...
Blanch Appointed President of Florida Flood Insurer TypTap
Jun 7 2016 // HCI Group, Inc. (HCI) has appointed Ted Blanch as president of TypTap Insurance Company, HCI’s new online insurance company. Blanch brings years of industry experience to TypTap, which offers an online platform to...
Insurers Must Stop Insuring Illegal Fishing Vessels: UBC Research
Jun 7 2016 // Rogue fishing vessels are able to secure insurance even after they have been red-flagged by international watchdogs for unlawful activity, according to research published by the University of British...
Michigan House Passes Repeal of Inadvertent Auto Insurer Tax Credit
Jun 6 2016 // The Michigan Legislature is close to repealing an annual tax break worth tens of millions of dollars that was inadvertently given to auto insurers four years ago, a move agreed to as part of a state budget deal. The...
What Insurance Industry Can Learn from Amazon About Customer Satisfaction
Jun 6 2016 // Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59 percent of customers reporting that they received excellent customer service from the e-commerce giant....
Australia’s Storms Estimated to Cost Insurers $28 Million: Insurance Council
Jun 6 2016 // The Insurance Council of Australia (ICA) has declared an insurance catastrophe after the storms that pounded the east coast of Queensland and New South Wales (NSW) over the weekend. By Monday, June 6, insurers had received...
Agency E&O and Carrier Insolvency: Things Stay the Same
Jun 6 2016 // Insurance company insolvency has been a thorny issue spanning many decades. The only consistency is that there is no one solution and that an agent can be held liable for placing coverage with a company that becomes...
Carriers Can Still Profit Despite Unpredictable Economy, Berkley Says
Jun 6 2016 // Partnership and greater efficiency will help lead the way to continued profitability despite a new level of uncertainty globally, according to Bill Berkley, executive chairman of the W.R. Berkley Corp. and keynote speaker...
Popular Program Market: New Programs Might Get a Chance
Jun 6 2016 // The program insurance segment has been an attractive area for property/casualty carriers in recent years and interest doesn’t appear to be faltering. While carriers have been eager to snatch-up mature and profitable...
P/C Insurers Continue to See Slow Premium Growth and Rising Loss Ratios
Jun 6 2016 // For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO...
Beef, Microplastics, Blockchain Tech and Human Cyborgs: Swiss Re on Emerging Risks
Jun 6 2016 // A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three,...
New Jersey Regulator: State’s Marketplace Is Strong, Vibrant
Jun 6 2016 // Richard J. BadolatoNew Jersey’s insurance marketplace is strong and continues to grow, with new market entrants bringing more competition and products for the benefit of consumers, the state’s top regulator...
Regulators: 4 Insurers Hold 55% of the Oklahoma Earthquake Market
Jun 6 2016 // At a May 24 hearing on the competitiveness of earthquake insurance coverage in Oklahoma state insurance regulators released data showing four insurance companies hold 55 percent of the market. That’s a concern for...
Federal Reserve Unveils New Proposed Capital Rules for Large Insurers
Jun 5 2016 // American International Group Inc. and Prudential Financial Inc.’s new capital rules should reflect the insurance business’s differences from Wall Street banking, the Federal Reserve said in a proposal to limit...
Texas Coast Wind Insurer: Position for Hurricane Season Is ‘Strongest-Ever’
Jun 3 2016 // With its reinsurance program now in place, the Texas Windstorm Insurance Association (TWIA) says it is in its strongest-ever position for this year’s hurricane season with $4.9 billion in total funding available to...
