Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
RIMS Report: Uber Touts Ridesharing Insurance Solution
May 4 2015 // In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses have bristled over the higher insurance costs they must bear compared to...
Best Affirms Ratings of XL and Subs; Removes from Under Review
May 4 2015 // A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the ongoing...
State Regulation Worked in Red Rock/Foster Jennings Case: Oklahoma Commissioner
May 4 2015 // The circumstances surrounding the liquidation of a small Oklahoma insurer highlight the concern over how effectively state insurance regulators are able assess potential buyers of insurance companies, according to a recent...
Georgia High Court Sides with XL in Consent to Settlement Dispute
May 4 2015 // The Georgia Supreme Court denied an insured’s bad faith claim against its insurer for its refusal to pay a settlement because the insured settled on the amount without the consent of the insurer that was required by...
How Analytics Technology Can Speed Integration Post-M&A
May 4 2015 // The record number of merger and acquisition (M&A) transactions involving insurance brokers and agents throughout the United States in the past year underscores the imperative for these firms to accelerate growth and...
‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB
May 4 2015 // Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines. On average, small, medium and large accounts...
Independent Agents Identify Business Opportunities for Carriers
May 4 2015 // Most independent insurance agents are impressed by the carriers they place business with – but most also are interested in adding new company partners. This is one of the preliminary findings of a recent national survey...
Beating Up on Workers’ Comp: Grand Bargain Taking Jabs from Multiple Directions
May 4 2015 // The state-based workers’ compensation system has stayed on its feet for 100 years in part by being able to defend itself against blows and then counterpunch when necessary. It has shown an ability to reform to fit...
E&O Insights: Insuring Restaurants and Taverns Presents Some Real E&O Risks
May 4 2015 // Although most agencies insure at least one restaurant or tavern, this shouldn’t suggest that they are easy accounts to write. Errors and omissions (E&O) carriers will readily admit that writing this class of...
Doak Disputes WSJ Report; Says State Regulation Effective in Red Rock Case
May 4 2015 // The circumstances surrounding the liquidation of a small Oklahoma insurer highlight the concern over how effectively state insurance regulators are able assess potential buyers of insurance companies, according to a recent...
RIMS Report: Insurers, Employers Still Figuring Out Legal Marijuana’s Effects
May 3 2015 // Following the lead of a pioneering few, more states around the country are warming up to the idea of legalizing marijuana use for medical or recreational purposes, or both. But with legalized pot still in its infancy, it...
Property Claim Litigation Bill Passed by the Texas Senate
May 1 2015 // The Texas Senate on April 30 passed a bill aimed at stemming the onslaught of property claim litigation that has been occurring with increasing frequency in the state following natural catastrophes. Advocates of Senate...
Bitcoins: The Next Cyberinsurance Risk?
Apr 30 2015 // Consumers around the world are racking up more than 100,000 financial transactions every day without using cash, credit cards or a barter system, How are all those buyers doing it? With Bitcoins, of course. The growing use...
Insurance Company Wants Out of Defamation Suit in Delaware
Apr 29 2015 // An insurance company is asking a federal judge in Delaware to declare that it’s not obligated to defend the ex-wife of serial political candidate Richard Korn against his defamation lawsuit. Liberty Mutual argues in...
Could New Insurance Players Disrupt the Market?
Apr 28 2015 // Those with long careers in the insurance industry have seen newer entrants founder on the shoals of our business. Many well-intentioned outsiders don’t understand the innate complexities of the insurance ecosystem...
Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks
Apr 28 2015 // Federal officials and flood insurance companies were chastised by a panel of New York judges for imposing delays on settlements with hundreds of Hurricane Sandy victims who alleged their claims were wrongfully denied or...
Insurer Files Suit against Follower of Imprisoned Arkansas Evangelist
Apr 27 2015 // An insurance company is asking a Pulaski County, Ark., judge to declare it has no responsibility to pay court judgments against the homeowners policy of a follower of imprisoned evangelist Tony Alamo. The judgments are...
Insurers May Face Stock Sell-Off as Bond Yields Drop to Record Lows
Apr 27 2015 // Allianz SE, Europe’s biggest insurer, was cut to underperform by Jefferies Group as the investment bank warned insurance stocks may face an industrywide sell-off. “If bond yields fall further from here, the...
Insurers’ Payments to Reduce Players’ Benefit from NFL Concussion Deal
Apr 27 2015 // Nearly a fifth of the National Football League settlement approved last week compensating former players with head injuries could go to their health insurers instead. As a result of federal laws and court rulings enabling...
