Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Small Group of Bermudian Re/Insurers Drive Overall Q1 Premium Growth: S&P
May 24 2016 // At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report published by Standard &...
South Dakota Lawyer Says Auto Insurer Misled Him about Policy
May 23 2016 // The former lawyer for a car crash victim accused an auto insurance company of hiding a $1 million policy that could have paid for his client’s medical bills during testimony in court. Attorney Jeff Cole testified in...
2016 Super Regional P/C Insurers™
May 23 2016 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2015 data for property/casualty...
CEO’s Departure at Mortgage Insurer Radian May be Rival’s Opportunity to Acquire: Analyst
May 23 2016 // Essent Group Ltd. may have an opportunity to buy Radian Group Inc., the rival mortgage insurer whose chief executive officer is stepping down, an analyst at BTIG LLC said. “Radian has no clear successor,” for...
Federal Reserve to Propose Lighter Capital Rules for Large Insurers Than Banks
May 23 2016 // U.S. insurers deemed big enough to threaten the financial system will probably face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve Governor Daniel Tarullo said...
Insurers Limit Earthquake Exposure in Oklahoma
May 23 2016 // As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has...
What to Know About Travelers’ CGL Cyber Ruling
May 23 2016 // Experts are cautioning insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Buyers would be mistaken to...
Agents Sound Off on Compensation
May 23 2016 // On a first quarter results call, W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distribution, driven by what he called a fight to grow margins in the...
Delaware Fines Insurers for Market Misconduct
May 23 2016 // Delaware Insurance Commissioner Karen Weldin Stewart has fined insurance companies a total of $83,300 during the first quarter of 2016 for violating state insurance regulations. Fines generally result from a market conduct...
Virginia Reminds Insurers: Rates Must Be Cost-Based
May 23 2016 // Virginia Insurance Commissioner Jacqueline Cunningham has issued an administrative letter reminding insurers to review the rate standards outlined in Virginia Code §38.2-1904 to ensure compliance. Cunningham also noted...
Employee Engagement Platform Pays Off for Midwest Insurer
May 23 2016 // As the new chief information officer and senior vice president in charge of business transformation at property/casualty carrier, GuideOne Insurance, Doug Cretsinger faced some big challenges. He managed a staff of around...
CDI: Trucking Company Owners Cheated Workers’ Comp Carrier out of Millions
May 23 2016 // A pair of California trucking company owners were arrested for cheating their workers’ compensation insurer out of millions of dollars. Alvin Shin Chen, 54, and Fiona Xilin Chen, 46, both of La Canada Flintridge,...
New York Health Insurers Propose Hikes for Individual, Small Group Rates
May 20 2016 // New York health insurers have proposed premium increases averaging 17.3 percent for next year in the market for individuals and 12 percent for small groups. The New York State Department of Financial Services often reduces...
Big Deal: Insurer Signs NBA Star Shaq as Brand Spokesman
May 20 2016 // Tennessee-based nonstandard auto insurance provider The General has signed its first real-life brand ambassador and he’s a big one: NBA Hall-of-Famer Shaquille O’Neal. In his brand ambassador role, the 7-foot,...
Auto Insurance Customers Disappointed in Their Insurers’ Websites: J.D. Power
May 20 2016 // While overall customers are more satisfied with their experience shopping online for auto insurance, they are less thrilled with the websites of individual insurance companies, with only slightly more half saying they...
Main Street America Group Expands Private Passenger Auto Coverage to Conn., N.H.
May 19 2016 // The Main Street America Group has expanded its private passenger auto insurance program to Connecticut and New Hampshire. Highlights of the Main Street Protection Auto program, which was first launched in South Carolina...
Agents Seek Better Compensation Deal with Carriers
May 19 2016 // On a first quarter results call W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distributors, driven by what he called a fight to grow margins in the...
Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers
May 19 2016 // Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the head of the country’s property insurance industry group said on...
P/C Insurers Caught Between Slowing Premium Growth and Rising Loss Ratios
May 18 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...
Economical to Buy Largest Canada Pet Insurer, Western Financial Insurance Co.
May 18 2016 // Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced plans to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Co. (WFIC) and...
