Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Tianjin Port Explosions to Cost Industry at Least $2 Billion: Insurer Filings
Nov 18 2015 // Insurer Talanx AG’s $122 million loss from port explosions at Tianjin, one of China’s worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to almost $2...
Minnesota Bars Use of Price Optimization in Insurance Rates
Nov 17 2015 // Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in setting rates for auto and homeowners insurance. Rothman said the anti-consumer...
The Price of Price Optimization in Insurance
Nov 17 2015 // The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are labeling the practice...
Columbia Lloyds Insurance Company Appoints John R. Todd as New President / Chief Executive Officer and Sam Bana as Chief Operating Officer
Nov 17 2015 // Pictured left to right: Sam Bana, COO and John R. Todd, President & CEO Houston, TX, November 6, 2015 – Columbia Lloyds Insurance Company, a leading provider of Homeowners and Tenant Dwelling insurance throughout...
Consumer Groups, Unions Form Coalition to Oppose Health Insurer Mergers
Nov 16 2015 // Two U.S. consumer groups announced the formation of a coalition with New York labor unions last week to press antitrust regulators to oppose big insurance mergers that would cut the number of nationwide for-profit health...
How to Know What Insurance Customers Want
Nov 16 2015 // What do today’s customers want from insurance providers? They want understanding, interaction, even a relationship. But they vary in when and how they wish to learn, interact and build a relationship. Insurance...
Top 25 Workers’ Compensation Insurers: A.M. Best
Nov 16 2015 // The U.S. workers’ compensation market saw solid gains in 2014, thanks in part to premium increases and favorable claims frequency. This was the fourth consecutive year in which the industry reported improved results,...
P/C Direct Premium Written Up Nearly 4.7 Percent
Nov 16 2015 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported, a record high for the industry. For 2014, total...
The Rebound Continues as Contractors & Builders Expect to Grow Again in 2016
Nov 16 2015 // The Rebound Continues as Contractors & Builders Expect to Grow Again in 2016 Builders and contractors can expect another year of steady growth in 2016 and so can the insurance specialists that serve this rebounding...
Top 10 Market Conduct Actions Against P/C Insurers
Nov 16 2015 // Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property/casualty insurers in 2014, according to Wolters...
Survey: Insurers Spent $1.52B with Diverse California Suppliers Last Year
Nov 16 2015 // Diverse California businesses supplied $1.52 billion in goods and services to insurance companies last year, according to a survey by the California Department of Insurance. The 2014 tally was a $587 million increase since...
Oil Company Prevails in Suit Against Insurers over Pipeline Rupture
Nov 16 2015 // An Arkansas federal jury has awarded an oil company nearly $72 million in damages from lost income and expenses stemming from the breach of a pipeline carrying oil from Louisiana to Arkansas. In litigation heard in federal...
Louisiana Citizens Property Insurance to Shed More Policies in 2016
Nov 15 2015 // Louisiana’s property insurer of last resort expects to shift about 10,000 policies to private insurance companies for 2016, a move that will reduce premiums by roughly $20 million. Interim Chief Executive Officer...
Delaware Officials Say Several Insurers Received Fraudulent Invoice
Nov 12 2015 // The Delaware Department of Insurance issued a bulletin to all insurance carriers doing business in Delaware, warning them to look out for deceptive invoices. The bulletin No. 80 (“Deceptive Solicitation From...
N.Y. Regulators Weigh Cybersecurity Requirements for Banks, Insurers
Nov 12 2015 // New York regulators are considering a host of cybersecurity requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses for the financial...
Insurers Face Claims of $600 Million from Brazilian Mine Disaster: Sources
Nov 11 2015 // Insurers covering risks for a Brazilian mine where two dams burst last week, killing at least six people, could pay up to $600 million in claims, a source with direct knowledge of the matter said on Monday. A property...
Delaware Marks Licensing of 1,000th Captive Insurer
Nov 10 2015 // Delaware Gov. Jack Markell presented Insurance Commissioner Karen Weldin Stewart with a proclamation Monday recognizing the Department of Insurance’s (DOI) licensing of its 1,000 captive insurance company, AWI Inc....
Inclusion on List of Too-Big-to-Fail Insurers May Alter Business Strategy: Fitch
Nov 10 2015 // A change to the list of globally systemically important insurers (G-SIIs) suggests the potential for being added to or removed from the list could play a significant role in setting strategy for some major insurers,...
Supreme Court in Bind Over Insurer’s Right to Insured’s Damages Money
Nov 10 2015 // Which do the conservative justices hate more: personal-injury lawyers or interpreting a law loosely to expand the power of lower courts? That question was to be on the table Monday at the U.S. Supreme Court. The justices...
A Conversation on Innovation and the Industry’s Future with ACORD’s Hartnett
Nov 9 2015 // There are not many insurance executives who will quote inventor Thomas Edison, Microsoft’s Steve Baumer, futurist Alvin Toffler, Moore’s Law and philosophers Aristotle and Plato. There are also not many people...
