Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Face Risks of Declining Customer Loyalty, Tech-Savvy Firms: Accenture
Aug 4 2015 // Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms from stealing their...
Arizona Supreme Court Ruling May Expose Agents to Lawsuits
Aug 3 2015 // An Arizona Supreme Court ruling in July may expose agents who write auto policies to malpractice lawsuits if they are accused of failing to inform their customers about uninsured and underinsured motorists coverage —...
Former Arkansas Insurance Company Exec Sentenced for Embezzlement
Aug 3 2015 // The former president of a Little Rock, Ark.-based insurance company was sentenced in July to one year and one day in prison for embezzlement. John Mathis “Matt” Lile, III, of Little Rock, the former president...
Insurers Unprepared for Self-Driving Car Disruption: KPMG
Aug 3 2015 // The majority of property/casualty insurers do not expect autonomous or self-driving vehicles to have a real impact on their auto insurance business for another decade and have not adjusted their business models to prepare...
Evolving Consumer Base Is Changing Personal Lines: Conning
Aug 3 2015 // There are “far-reaching implications” for personal lines insurers and the products and services they provide as the U.S. continues to undergo changes in its demographic structure, an industry report states. The...
The Doctors Co. Challenges Florida’s Order to Decrease Med Mal Rates
Aug 3 2015 // An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set...
A.M. Best: Will 2015 Be the Year That Tests Florida Property Insurers?
Aug 3 2015 // The property insurance market in Florida has significantly shifted in market share as Citizens Property Insurance Corp. (Citizens)–the state-run property insurance company–continues to depopulate and move...
The Ins and Outs of Bad Faith Claims in Florida
Aug 3 2015 // Coverage, liability and damages analyses are the three common themes of Florida third party bad faith cases, according to two southeast Cozen O’Connor attorneys. The attorneys presented on the subject during a...
Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best
Jul 31 2015 // The pursuit of improved investment returns has become more important for European insurers after a lengthy period when their attention was more focused on non-investment sources of profit, according to a report published...
Louisiana-Based Workers’ Comp Insurer Expands Into Texas
Jul 30 2015 // LUBA Workers’ Comp, based in Baton Rouge, La., is now offering workers’ compensation insurance coverage to businesses in Texas. LUBA Workers’ Comp covers businesses in Arkansas, Louisiana and Mississippi...
Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima
Jul 30 2015 // Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into...
Regulators Want More Details on Insurers’ Living Wills for Bankruptcy
Jul 29 2015 // Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a collapse, regulators said Tuesday in their first response to the companies’ living wills. The...
Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight
Jul 29 2015 // The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took...
Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base
Jul 28 2015 // In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the venerable insurance industry in the city of Hartford, Connecticut, when it built a suburban office complex in Bloomfield —...
Hospitals, Drugmakers Could Follow Health Insurer Mergers
Jul 28 2015 // Anthem Inc’s decision to buy Cigna Corp., forming the largest U.S. health insurer by membership, will likely speed consolidation across the healthcare industry, from hospitals to drugmakers. Anthem announced its...
Comprehensive Rating Platform Leads to MGA Successes
Jul 28 2015 // Dallas, TX, July 28 2015-Texas All Risk General Agency, Inc. is celebrating single digit mid year loss ratio trends with all 5 of their commercial binding carriers. The company attributes its continued success to their...
Foreign Insurers Take Cautious Look at Iran Business in Wake of Nuclear Deal
Jul 27 2015 // Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are...
The Doctors Co. Challenging Florida’s Order to Decrease Med Mal Rates
Jul 27 2015 // An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set...
Firms Interested in Driver Data Collected by Auto Insurers
Jul 24 2015 // The restaurants and doughnut shops that consumers pass on their commute would love to predict when they’ll be driving by. Their auto insurer may already know, and could be looking for a way to profit from that...
Anthem to Buy Cigna, Creating Largest U.S. Health Insurer by Membership
Jul 24 2015 // Anthem Inc. said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership. The deal – the biggest ever in the health insurance industry – comes...
