Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Among Parties Arguing over Cause of Flooded Homes in Nebraska
Apr 24 2016 // The city of Bellevue, Neb., the Metropolitan Utilities District, a plumbing contractor and its insurance company disagree about who’s to blame for a ruptured water line that flooded about 12 homes in February. The...
India’s 1st Insurer IPO Paves Way for More Public Offerings in $60B-Plus Industry
Apr 22 2016 // India will get its first life-insurance listing since it opened up to private-sector investors 16 years ago, paving the way for more companies seeking to go public in an industry that’s since grown to more than $50...
Florida Commissioner McCarty Saying Goodbye: ‘It’s Been a Labor of Love’
Apr 21 2016 // “It’s not for the faint of heart, I can tell you that… Anyone who comes in here and thinks it’s an easy job really does not have any idea what they’re getting into. But it’s been a...
Japanese Earthquakes Could Cost Insurers $2.9 Billion: AIR Worldwide
Apr 21 2016 // An earthquake that struck southern Japan on April 16 will probably cost insurers as much as 320 billion yen ($2.9 billion), according to catastrophe modeler AIR Worldwide. The cost might be as low as 180 billion yen, the...
One-Size Doesn’t Fit All in Today’s Evolving Homeowners Market
Apr 20 2016 // The homeowners insurance line, not often thought of as a bastion of change, is actually quietly evolving beyond the traditional “one-size-fits-all” business. Some of the puzzle pieces that make up homeowners...
AmTrust Seeks to Boost Lloyd’s Presence with Purchase of Specialty Insurer ANV
Apr 20 2016 // AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd’s affiliates for $218.7 million in cash. The seller is the Ontario Teachers’ Pension Plan. As...
UnitedHealth to Drop Individual Obamacare Plans in Multiple States
Apr 20 2016 // UnitedHealth Group Inc. will drop out of government-organized health insurance markets in at least 16 states as the U.S. industry leader tries to stem losses from participating in Obamacare, the healthcare overhaul that...
New York AG Sues Health Insurer Over Hepatitis C Treatment
Apr 19 2016 // New York’s attorney general has filed a lawsuit against an Albany-area health insurer that he says broke the law by denying coverage for expensive hepatitis C treatments until patients showed advanced symptoms of the...
Oklahoma to Hold Hearing on Earthquake Insurance Rate Increases
Apr 19 2016 // Concerned about a competitiveness in the state’s earthquake insurance market, Oklahoma Insurance Commissioner John D. Doak has ordered a public hearing to investigate rising rates. The May 24 hearing will include...
Pacific Specialty Insurance Company Recognized by Celent as a Model Insurer for Operational Excellence
Apr 18 2016 // Palo Alto, CA, April 18, 2016- Pacific Specialty Insurance Company has been recognized by Celent as a Model Insurer for operational excellence in their work to transform their legacy systems and infrastructure. Celent is a...
P/C Direct Premium Written Up 2.5 Percent in 2015
Apr 18 2016 // Direct premium written (DPW) for property/casualty (P/C) insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported. For 2015, total DPW for all P/C insurers...
P/C Price Declines Slow for Buyers: Willis Towers Watson
Apr 18 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Sports Business Gets Personal
Apr 18 2016 // Industry Growth Led by Smaller Studios, Individual Trainers The health and fitness industry has exploded in recent years, a trend that experts expect will continue. Gym memberships jumped 18.6 percent in the United States...
Survey: Revenue Up, Independent Agents Seeking New Carriers
Apr 18 2016 // Independent insurance agents continue to grow and want to grow more with the help of new carrier appointments. This is one of the initial findings of a new national survey of agents conducted by Channel Harvest Research...
Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage
Apr 18 2016 // A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property...
Study: Economic Impact of North Carolina Captives Increased by $12.8M in 2015
Apr 18 2016 // The economic impact of North Carolina’s captive insurance company program increased significantly in its second full year of operation, according to a study conducted by the North Carolina Department of...
Hot Topic: Insurer’s Intent to Recoup Defense Costs and Reservation of Rights Letters
Apr 18 2016 // Whether an insurer can recoup defense costs from its own insured at the conclusion of a successful declaratory judgment action on coverage is a hot topic. Some courts have held that, where there is no coverage, an insurer...
ING Completes Exit From Former Insurer Unit, NN Group, with $1.6B Stock Sale
Apr 15 2016 // ING Groep NV sold its remaining stake in NN Group NV at a loss as the Dutch bank completed its drawn-out exit from the insurance business. The bank sold 45.7 million shares, representing a 14.1 percent stake, for about 1.4...
Independent Agents Seek New, Strong Performing Carriers: Survey
Apr 14 2016 // Independent insurance agents are seeing revenue growth and would like to grow more, but they’ll need help from carriers. Agents indicate a strong desire to add new carriers, but only if those carriers can demonstrate...
RIMS 2016: What’s the Biggest Risk for Cyber Insurers?
Apr 14 2016 // Powered by InsuranceJournal.tv Nobody really knows what the biggest cyber risk is. But Scott Stransky, senior scientist at risk modeling firm AIR Worldwide, has thought a lot about a cloud breach and the business...
