Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Fights Back Against Assignment of Benefits Abuse
Feb 8 2016 // Florida insurers, consumer and insurance advocates, as well as regulators, are hoping 2016 may finally be the year that legislators address the misuse of assignment of benefits (AOB) for water loss claims that they say has...
Special Purpose Captive Insurer OK’d in Arkansas
Feb 8 2016 // Diamond Risk Insurance LLC, a wholly-owned subsidiary of Baptist Health, has been approved as a captive insurer by the Arkansas Insurance Department. Arkansas Insurance Commissioner Allen Kerr said Baptist Health is the...
10 Trends in U.S. Casualty Markets in 2016: Marsh
Feb 8 2016 // The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh...
Ghost of 2008 Crash Still Haunts Real Estate E&O
Feb 8 2016 // The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis. While it is still recovering...
New Jersey Manufacturers Insurance Co. Ratings Downgraded a Notch
Feb 5 2016 // New Jersey Manufacturers Insurance Company’s stellar financial strength rating has been downgraded a notch by A.M. Best, based on concerns about its underwriting and operating performance. The workers’...
P/C Insurer Results: Profit Inched Up in First 9 Months of 2015
Feb 5 2016 // Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by...
California Commissioner Explains Call for Insurer Divestment from Coal
Feb 4 2016 // One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan. 25 when he asked all insurance companies doing business in California to voluntarily divest from their...
Oklahoma Files Suit Against Directors, Officers of Failed Insurer, Red Rock
Feb 3 2016 // Oklahoma insurance regulators have filed suit against two New York financiers who took control of a failed Oklahoma insurance company, saying the pair and others infused it with allegedly worthless assets and used it as a...
The Right Property Data Helps Better Serve Consumers
Feb 3 2016 // This post is part of a series sponsored by CoreLogic. Why doesn’t the carrier already have property data on this home? Is this quote accurate or will I have to go back to the homeowner with a revision? Every agent...
International Insurers Still Reluctant to Provide Cover for Iran Oil Cargoes
Feb 3 2016 // Oil companies looking to steal a jump on rivals in the race to benefit from Iran’s emergence from Western sanctions risk having tankers left in limbo by international insurers’ continued reluctance to provide...
RMS Releases Cyber Accumulation Management System to Manage Exposure
Feb 3 2016 // RMS has released its Cyber Accumulation Management System*, which includes a new software system and framework for cyber exposure reporting, in addition to a suite of cyber catastrophe scenarios for loss modeling. The RMS...
Why Google’s Not So Smart or Fast and Insurance Agents Aren’t Dead… Yet
Feb 2 2016 // Insurance agents aren’t dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry observers said at a...
Willis Re Joins with Tech Firm, Measure, to Raise Drone Usage for Insurers
Feb 2 2016 // Willis Re, the reinsurance business of Willis Towers Watson, announced a strategic partnership with technology company Measure to advance the use of drones within the insurance industry and bring the latest drone...
Health Insurers in Kansas Support Network-Only Plan Proposal
Feb 1 2016 // Insurance providers have asked Kansas lawmakers to approve a measure that would allow them to offer health plans requiring customers to only use the insurers’ network. The plans are called Exclusive Provider...
Dutch Insurer Delta Lloyd Still Faces Solvency II Uncertainties; Rights Issue Ahead
Feb 1 2016 // Dutch insurer Delta Lloyd is still discussing aspects of Europe’s new solvency regime with regulators as it prepares a 1 billion euro ($1.1 billion) rights issue to shore up its position. Delta Lloyd’s shares,...
Arizona House Leader Wants Another Cut on Insurance Company Taxes
Jan 29 2016 // An Arizona House panel has voted to advance a bill accelerating phased-in insurance company tax cuts included in a law passed last year. House Bill 2002 is sponsored by House Republican Majority Whip David Livingston. He...
Talanx Group’s Industrial Insurer Operating with New Name: HDI Global SE
Jan 29 2016 // Talanx Group’s industrial lines insurer, formerly called HDI-Gerling Industrie Versicherung AG, is now operating under the name HDI Global SE. On Jan. 8, the renaming of HDI-Gerling Industrie Versicherung AG became...
So, If the Future Arrived in 2015, What About 2016?
Jan 29 2016 // Repeatedly, we have described 2015 as the “year the future arrived for insurance.” Across the board, we saw significant changes in how carriers thought about the impact of new technology and innovation. It was...
Ace Westchester’s Rubel: Future Trends and the Insurance Industry
Jan 28 2016 // What will the insurance industry be like in 15 years? The future will arrive whether the industry is ready or not. And while even so-called experts are no better than the average person in predicting it, what’s most...
Virtual Insurance Agent Insurify with License Plate Quote Feature Raises $2 Million
Jan 28 2016 // Consumers will soon be able to simplify the buying of auto insurance by snapping a photo of their license plate and texting it to a phone number provided by the new site, Insurify.com, which will then generate price...
