Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Chinese Insurers Form Fund to Finance Overseas Energy, Infrastructure Projects
Jan 5 2016 // More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas,...
Flood Claims to Hit U.K. Insurers’ 2015 Earnings: A.M. Best
Jan 5 2016 // Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a briefing published by A.M. Best. Initial estimates of combined insured losses from Storm Desmond, which hit...
New York Insurance Association Elects 2016 Officers, Board of Directors
Jan 4 2016 // The New York Insurance Association (NYIA) announced that Steven J. Coffey, president and chief executive officer of Broome Co-operative Insurance Company (BCIC), has been elected to serve as the association’s chair...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
World’s Top 10 Insurers Ranked by Premium, Assets
Jan 4 2016 // The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. France’s AXA S.A. kept its...
Hospital Says KanCare Insurers Denying Legitimate Claims
Jan 3 2016 // Lawrence Memorial Hospital officials say the three insurance companies managing Kansas’ Medicaid system routinely turn down legitimate claims to hold down costs. The three contractors for the state’s privatized...
Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market
Dec 30 2015 // “We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood...
Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead
Dec 29 2015 // Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to...
Tennessee Adds 100th Captive Insurance Company
Dec 29 2015 // The Tennessee Department of Commerce & Insurance (TDCI) announced the licensing of Tennessee’s 100th captive insurance company on Dec. 22. In 2011, Gov. Bill Haslam signed the revised State of Tennessee’s...
ABI Confirms Insurers’ UK Flood Coverage Efforts; Losses May Top $1.6 Billion
Dec 28 2015 // Mark Shepherd, General Insurance Policy Manager at the Association of British Insurers (ABI), said: “Insurers will be doing everything possible to help customers hit by the latest floods. “They will be...
Telemedicine Gaining Acceptance Among Patients, Insurers
Dec 27 2015 // Telemedicine services, which allow doctors to treat patients via video, are gaining acceptance among consumers and insurance companies as it becomes clearer when a virtual visit is appropriate, industry executives...
Zurich North America Forms Captive Insurance Company in Vermont
Dec 23 2015 // Zurich North America has selected Vermont as the domicile for a new sponsored cell captive company, according to the Vermont Department of Financial Regulation. The captive, Hoplite Reinsurance Company of Vermont, is...
Polish Insurer PZU Shares Rise after Tax Proposal Watered Down
Dec 23 2015 // Shares in Polish insurer PZU SA jumped most in three months as lawmakers watered down the size of a planned tax on Polish insurance companies. Shares of the country’s largest insurer rose as much as 3.4 percent, the...
Europe’s Banks Increased Infrastructure Investments Erodes Insurers’ Returns
Dec 22 2015 // The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European politicians have...
S&P Revises Outlook on Global Multiline Insurer XLIT to Positive; Affirms Ratings
Dec 22 2015 // Standard & Poor’s Ratings Services has revised its outlook on the global multiline insurer XLIT Ltd. and its operating companies (collectively XL) to positive from stable. S&P has also affirmed its...
Flood, Fraud & the Florida Market: McCarty Talks Hot Insurance Topics in 2015
Dec 21 2015 // It was another busy year for the Florida Office of Insurance Regulation (OIR). From conducting the annual property/casualty data call and subsequent stress test of Florida property insurers, to working on the depopulation...
Milliman Report on Europe, Japan, Asia Insurers Sees Increased Embedded Value
Dec 21 2015 // Global consulting and actuarial firm Milliman, Inc. has announced the availability of two new reports detailing embedded value (EV) results for 32 major insurance companies in Europe and Japan and 14 major insurance...
South Carolina Insurers to Weather at Least $181M in Claims from October Storm
Dec 21 2015 // The mega-storm that devastated South Carolina in early October is estimated to have cost more than $1.4 billion with insurers paying around $181 million of those losses in claims, so far. South Carolina Gov. Nikki Haley...
Top 5 Markets of 2015
Dec 21 2015 // There was no shortage of new products launched by the insurance industry in 2015. Cyber, a risk that has consistently seen a lot of activity over at least the last several years, continued to be on the top of the...
Massachusetts AG Faults Insurers’ Rate Hikes
Dec 21 2015 // Massachusetts Attorney General Maura Healey says two of the state’s largest homeowners’ insurance companies won excessive and unwarranted rate increases of about 9 percent by taking advantage of last...
