Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Zika Exclusion Now Commonplace in Cancellation Cover for Latin America Events
Mar 21 2016 // Organizers of rock concerts and conferences in Latin America or fringe events at the Rio Olympics beware: if you still need insurance to cover cancellation due to the Zika virus, it’s probably too late. The...
How Technology May Alter Small Commercial Lines Advantage
Mar 21 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...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Massachusetts Court Rules on Damages for Injured Workers
Mar 21 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...
Claims for Broker Negligence Assignable
Mar 21 2016 // A California intermediate appellate court has reaffirmed that a professional negligence claim against a client’s property/casualty insurance broker is freely assignable. It also held that the assigned rights are...
Insurance Rates for Architects, Engineers Not Going Anywhere
Mar 18 2016 // After three straight years of moderate increases, insurance premiums for architects and engineers professional liability leveled off in 2015. A new survey by insurance broker Ames & Gough also found that insurers plan...
Generali Q4 Profit Misses Analysts’ Estimates on Life Income; Donnet Named CEO
Mar 18 2016 // Assicurazioni Generali SpA’s fourth-quarter profit rose less than some analysts expected on a writedown of its stake in BTG Pactual Group and lower income at its life business. The shares had their biggest decline in...
North Carolina Couple Charged with Defrauding Insurance Company
Mar 18 2016 // A Fayetteville, North Carolina, couple is accused by authorities of trying to defraud an insurance company after submitting altered receipts for property they said was stolen. The Fayetteville Observer reports Maria Alta...
Online Comparison Launched by California Department of Insurance
Mar 16 2016 // Insurance Commissioner Dave Jones wants California drivers know about the department’s online tool that helps consumers shop for different insurers based on price. The tool is now being launched by the California...
P/C Insurers’ Operating Earnings Fell 7.2% in 2015: Fitch
Mar 16 2016 // U.S. property/casualty insurers’ operating earnings decreased in 2015, highlighting the competitive operating environment and low investment yields that challenge insurers’ earnings growth potential, according...
Survey Shows Many Americans Fine with Lying to the IRS, or Their Insurer
Mar 15 2016 // Call it a “little green lie.” A number of Americans apparently find it acceptable to lie when there’s money at stake. A survey of 2,115 American adults from NerdWallet conducted in February shows a...
Vermont Fines 2 Insurers for Non-Compliance
Mar 15 2016 // Vermont Department of Financial Regulation (DFR) Commissioner Susan L. Donegan announced that Travelers Insurance Co. and Liberty Mutual Insurance Co. have paid Vermont $154,000 in fines and repaid consumers another...
2 Instech Startups Target Small Business Insurance Market
Mar 15 2016 // Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for small businesses, today announced a $13 million seed investment led by investors Zeev...
Maine’s Nonprofit Health Insurer Sets Aside $43M to Cover Potential Losses
Mar 14 2016 // The lone health insurance cooperative to make money in 2014 on the Affordable Care Act’s public insurance exchanges saw big losses in 2015 and is now setting aside $43 million to cover possible big losses this...
China Insurer Anbang Offers $6.5 Billion to Buy Major U.S. Hotel Group
Mar 13 2016 // China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc. for around $6.5 billion, as the owner of New York’s iconic Waldorf Astoria expands its U.S. hotel portfolio, a person...
Berkshire Hathaway Balks at Reporting on Climate Change Risks
Mar 13 2016 // Warren Buffett’s compensation for running Berkshire Hathaway Inc. edged up 1 percent last year to $470,244, reflecting an increase in the cost of keeping the billionaire safe. Buffett’s salary remained at...
Insurers with Big Stake Buy Puerto Rico Bonds
Mar 13 2016 // The companies with the most at stake in Puerto Rico’s debt crisis have become buyers of the island’s bonds. MBIA Inc.’s National Public Finance Guarantee Corp. and Ambac Financial Group, which together...
Alabama Makes Arrest in Fraud Ring Targeting 22 Insurers
Mar 11 2016 // The Alabama Department of Insurance: Insurance Fraud Unit has arrested 43-year-old Elvie Gray of Hale County for the crime of insurance fraud. On February 1, a Hale County Grand Jury indicted Gray after an extensive...
South Dakota Bill Allows Insurer Tax Credits for Private School Scholarships
Mar 10 2016 // A bill that would give insurance companies tax credits for contributions to help lower-income students in South Dakota attend private schools is headed to Gov. Dennis Daugaard after passing through the state...
