Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
London Imports Climate-Related Risks Through Insurers, Supply Chains
Jul 23 2015 // London is importing climate-related risks through investments, insurers and supply chains, according to a new report that details dangers posed to the UK capital by global warming beyond the physical effects. More than...
A.M. Best Special Report: Florida Property Insurers Remain Untested
Jul 23 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 policyholders...
Conn. Court Overturns $35M Verdict in Hartford’s Auto-Repair Labor Rate Case
Jul 22 2015 // The Connecticut Supreme Court on July 13 unanimously overturned nearly $35 million in damages against the Hartford Fire Insurance Company. In its 18-page decision, the Supreme Court said the lower court had incorrectly...
Bad Faith Liability and an Insurer’s Refusal to Settle
Jul 22 2015 // Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can be...
Travelers Q2 Profit Up 19% on Lower Catastrophe Costs
Jul 21 2015 // Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit advanced 19 percent as natural disaster costs dropped. Net income climbed to $812 million, or $2.53 a...
Brazil Economy Challenges Re/Insurers; No Rating Impact Expected: A.M. Best
Jul 21 2015 // As Brazil’s sovereign ratings hover just above non-investment grade status, A. M. Best said it is considering the effect a future sovereign downgrade would have on rated re/insurers’ balance sheets and...
Price is Important! Well, Not So Much!
Jul 20 2015 // What steps do you take to assure your client has the best insurance carrier? The “best” carrier is the one that best combines coverage (protection), service, and price. Coverage (Protection) Why do your clients...
Insurer’s Refusal to Settle Can Lead to Bad Faith Liability
Jul 20 2015 // Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can be...
What Insurers Want to Know When Considering Wearable Devices
Jul 20 2015 // In a recent blog on the subject, Mark Breading, a partner at SMA, weighed whether wearables would hurt or benefit insurers. He provided some key questions insurers should consider in developing wearables strategy. They...
Near National P/C Carriers Identified for 2015
Jul 20 2015 // The Demotech Company Classification System, established in the Feb. 12, 2007 issue of Insurance Journal, categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National...
Expanding Your Sales Portfolio? Give LTCI a Second Look
Jul 20 2015 // If you don’t offer your clients long term care insurance (LTCI), you may be missing out. This rapidly-evolving product is more attractive than ever. LTCI is more versatile than you may remember, thanks to recent...
New Regulatory Guidance Affects Insurers, Producers
Jul 20 2015 // detailed illustration of a compass with Cyber Security text, eps10 vector Producers, brokers and insurers are all targeted by cyber attackers looking for personal identifiable information (PII) that can be used to open...
Vermont Regulators Issue Bulletin on Price Optimization
Jul 20 2015 // Vermont regulators recently issued a bulletin addressing the issue of price optimization in personal lines ratemaking, warning insurers that adjustments to rates may not be based on non-risk-related factors. The Vermont...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 20 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
Arizona Supreme Court Ruling May Expose Agents to Lawsuits
Jul 17 2015 // An Arizona Supreme Court ruling 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 – even with a...
Japanese Insurers Eye More Acquisitions in U.S.
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
Signed, Sealed, Delivered: Florida’s 2015 Insurance Legislation Takes Effect
Jul 17 2015 // Below is a list of insurance-related Florida legislation passed by lawmakers in the 2015 regular session. All legislation has been approved by Governor Rick Scott and became effective as of July 1, 2015. HB1133 –...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 16 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
Carriers See Growth Ahead in Specialty Insurance Program Market: Survey
Jul 16 2015 // The outlook is good for the specialty insurance program market, with carriers looking more favorably on smaller accounts, single state programs and startups, according to a new survey. Carriers see the program...
Ex-Oppenheimer Exec Gets Jail Time for Role in Oklahoma Insurer Fraud
Jul 16 2015 // A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen Reichman, 54, and three...
