Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

The One Issue EVERY Insurance Carrier Should Agree To – Taking Care of the ‘Little Guy!’

Apr 1 2016 // I chose April 1 to publish this article because so many are expecting a joke; well this is no joke. In fact, I can’t be more serious. Three days ago I published an article about the “primary and...

Climate Change Easy Bet to Be Hot Topic at Insurance Regulators’ Meeting

Mar 31 2016 // Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The...

Former Kansas Insurance Company Employee Sentenced for Embezzlement

Mar 31 2016 // A former Topeka insurance company employee has been sentenced to a year and a day in federal prison for embezzlement. The U.S. attorney’s office says 47-year-old Erin Rebecca Thomas also was ordered to pay $215,000...

MetLife Victory Could Push AIG, Pru to Fight Systemic Risk Designations

Mar 31 2016 // After regulators slapped the too-big-to-fail label on MetLife Inc., Chief Executive Officer Steve Kandarian had several responses. One was to challenge government watchdogs in court — a move shunned by other insurers...

Massachusetts Court Rules on ‘Equitable Contribution’ Case

Mar 30 2016 // Massachusetts’ top court ruled this month that a workers’ compensation insurer that has paid benefits under a policy has a right to pursue “equitable contribution” from a second insurer that also...

Split Supreme Court in Search of Birth Control Benefit Compromise

Mar 30 2016 // The U.S. Supreme Court called for additional briefing in a divisive clash over contraceptives and Obamacare, issuing an unusual order that suggests at least one justice may be eyeing a possible compromise. The order comes...

Self-Driving Cars to Create Long Term Challenges for Auto Insurers: Moody’s

Mar 29 2016 // Accident avoidance features in vehicles, such as automatic braking, adaptive cruise control, and lane departure prevention, are becoming more prevalent and will lead to lower accident frequency in the next five-to-10...

The ‘Primary and Noncontributory’ Tool Or Why this Requirement Should Disappear

Mar 29 2016 // Upper tier contractors seek to avoid, through the use of various transfer mechanisms, the financial costs that can result from bodily injury or property damage to a third party caused or contributed to by other parties...

ISO to Collect Terrorism Insurance Data for Treasury

Mar 28 2016 // The property/casualty insurance data and rating organization ISO will collect and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with gauging the effectiveness of...

Prepare for Disruption in High Net Worth Insurance Segment

Mar 28 2016 // ACE’s $28.3 billion purchase of Chubb will create a major disruption in the luxury insurance market. When the integration of the two insurers is complete, the new company is anticipated to control approximately $6...

10 ACP Re Insurers Miss Deadline; A.M. Best Places Ratings Under Review

Mar 25 2016 // A.M. Best said it has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of ACP Re Ltd., based in Hamilton, Bermuda...

Lloyd’s Insurers Lead New Trend to Sell Legacy Portfolios: Willis Towers Watson

Mar 25 2016 // The majority of Lloyd’s businesses (77 percent) are considering legacy portfolio disposals, with more than half of firms based in western Europe (53 percent) expecting to make at least one sale in the next three...

Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT

Mar 25 2016 // The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence...

Health Insurers Working to Improve Provider Network Directories

Mar 24 2016 // Some health insurers are hoping to ease headaches that can flare when customers try to confirm whether a doctor is covered in a plan’s network of providers. The trade association America’s Health Insurance...

How Telematics Saves on Claims, Improves Customer Experience

Mar 24 2016 // Insurers that are not already using the data from their telematics programs for claims would be wise to do so early in their adoption of telematics as the task only becomes more difficult as more data is collected,...

AIR Says Brussels Attacks Have Limited Insurer Impact; FERMA Issues Comment

Mar 24 2016 // The deadly coordinated attacks in Brussels on March 22, which killed 33 people and wounded 260. are expected to have limited impact on the insurance industry, according to catastrophe modeling firm AIR Worldwide. Loss of...

China’s Fosun Weighs IPO for Ironshore, Just 4 Months After Acquiring Insurer

Mar 23 2016 // Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for Ironshore Inc., just months after acquiring the insurer. Fosun may also...

Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage

Mar 23 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...

Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re

Mar 22 2016 // The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power increasingly moving to the center, according to the findings of a new global survey...

Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk

Mar 21 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...