Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Valen Analytics Releases Risk Scoring Model for Commercial Auto Insurers
Mar 4 2016 // Valen Analytics, a provider of proprietary data, analytics and predictive modeling for property and casualty insurers, has launched Risk Score for commercial auto insurance within its InsureRight Platform. The predictive...
Massachusetts Top Court Rules on Damages for Injured Workers
Mar 4 2016 // Massachusetts’ highest court recently ruled in a case of first impression that a workers’ compensation insurer is not entitled to a lien on the money awarded to claimants for pain and suffering. This ruling...
U.S. Treasury Seeks Terrorism Data from Insurers
Mar 4 2016 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) is requesting that insurers voluntarily submit insurance data regarding their participation in the Terrorism Risk Insurance Program (TRIP). The...
A.M. Best Affirms Ratings of Beazley’s Lloyd’s Syndicates & US Insurer
Mar 4 2016 // A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a+” of Beazley’s Lloyd’s Syndicates Syndicates 2623, 623, 3623 and 3622. The outlook for all...
P/C Insurers Expanding Use of Predictive Models, Big Data Across Functions
Mar 3 2016 // Over the next two years, many property/casualty insurers expect to advance their use of predictive analytics to both improve business performance and leverage big data, according to Willis Towers Watson, which adds that...
Why Small Commercial Lines May Not Be So Bright for Agency Carriers
Mar 3 2016 // As more small business owners become comfortable buying everything including insurance online, exclusive agent carriers will gain an advantage over independent agency carriers in the highly-fragmented and increasingly...
Europe’s Insurers Turn to Risky Property Investments, in Hunt for Better Returns
Mar 3 2016 // Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch...
Report: Florida Water Loss Claims up 46 Percent in 5-Year Period
Mar 2 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
House Committee Passes Private Flood Insurance Bill
Mar 2 2016 // The House Financial Services Committee this morning approved a proposal intended to encourage more private insurers to write flood insurance. The committee approved the Flood Insurance Market Parity and Modernization Act...
Hospitals Say Anthem-Cigna Merger Will Empower Blue Cross, Hurt Consumers
Mar 2 2016 // U.S. hospitals are stepping up their bid to stop Anthem Inc.’s takeover of rival health insurer Cigna Corp., saying the deal will increase the dominance of Blue Cross Blue Shield plans and potentially raise premiums...
Largest Delta Lloyd Shareholder, Highfields, Will Vote Against Rights Offer
Mar 2 2016 // Highfields Capital Management LP, the largest shareholder in Delta Lloyd NV, will vote against the Dutch insurer’s plan to raise 650 million euros ($706 million) in a rights offer it called...
Top 25 P/C Insurance Carriers, Groups by Line of Insurance: NAIC
Mar 1 2016 // The National Association of Insurance Commissioners (NAIC) has published market share data indicating the degree of market concentration in property/casualty insurance. The 2015 market share data for property/casualty...
Supreme Court Blocks States from Collecting Self-Insurers’ Health Cost Data
Mar 1 2016 // The U.S. Supreme Court on Tuesday ruled that Vermont cannot compel health insurers to hand over data on the amount paid on medical claims, backing Liberty Mutual Insurance Co.’s contention that federal law prohibited...
P/C Insurers’ Faith in Predictive Modeling Continues to Grow
Mar 1 2016 // Clarification: This article first ran a year ago, in February, 2015, on Carrier Management.com. It is not Willis Towers Watson’s most recent survey on insurers’ use of predictive modeling. For a report on...
More Than 40% of Insurers See Google as Potential Threat: Capgemini Report
Mar 1 2016 // More than 40 percent of insurers see Google as a potential threat because of its strong brand and ability to use customer data, a report released on Tuesday said. And young, mobile phone-friendly consumers may bypass...
The MOST Basic CGL Coverage Concept
Feb 29 2016 // Begin at the beginning – with the insuring agreement! Coverage can never be any broader. This is the most basic CGL coverage concept. Before applying the policy’s exclusions, exceptions or conditions to a loss,...
State Farm Reports Investments Overcame Underwriting Loss in 2015
Feb 28 2016 // State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to $6.2 billion from $4.2...
Keystone Insurers Group Adds 3 Missouri Agencies
Feb 26 2016 // Keystone Insurers Group announced it has added three new partners in Missouri: Scott Agency of Montgomery City, Harrison Agency of Columbia and Anderson & Green Insurance Agency of Sikeston. Harrison Agency was...
Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers
Feb 23 2016 // Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard...
Safety National Forms Safety Specialty Insurance Company
Feb 22 2016 // Safety National Casualty Corporation has acquired an excess and surplus company that will begin operations in March 2016 as Safety Specialty Insurance Company (SSIC). Safety Specialty will initially focus on complementing...
