Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Bill Fixes DMV Addendum Affecting Broker-Agents
Apr 6 2015 // After decades of broker-agents sharing driver motor vehicle records with insurers to underwrite and rate personal and commercial automobile policies, the California Department of Motor Vehicles late last year began...
Google Takes the Wheel
Apr 6 2015 // When Google stepped into the insurance ring last month, the industry took note. Some said agents and the insurance industry should be concerned. Others said Google Compare, as the new service is named, is nothing new in...
N.Y. DFS Eyes Insurers’ Cybersecurity, Price Optimization
Apr 6 2015 // New York state regulators recently sent a letter to insurers operating in the state, seeking detailed information on their cybersecurity measures. Benjamin Lawsky, superintendent of the New York Department of Financial...
IBM’s ‘Internet of Things’ Unit to Offer Insurers Online Data Service, Analysis
Apr 3 2015 // IBM is investing $3 billion to build an “Internet of Things” division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using it to help...
ISO Introduces Endorsements to Address Ridesharing Policy Gaps
Apr 2 2015 // ISO has introduced two new personal auto coverage options for ridesharing drivers when they’re logged in but don’t have any passengers – an issue that has been the subject of controversy among insurance...
BB&T Ups Stake in AmRisc Agency, Divests Insurer American Coastal
Apr 2 2015 // Raleigh, North Carolina-based insurance broker BB&T Insurance Holdings Inc. has reached an agreement to significantly increase its partnership interest in AmRisc, a managing general underwriter for commercial property...
Iowa High Court: Insurer not on Hook for Leak at Shopping Center
Apr 1 2015 // The Iowa Supreme Court has ruled that an insurance company is not on the hook for a 2010 leak at Waterloo shopping center that damaged a store. In a split decision on March 20, the high court sided with State Farm...
Insurers Face Earnings Growth Challenges in Varying Global Economy: S&P
Mar 31 2015 // When it comes to finding earnings growth in 2015, the challenge facing the global insurance industry will be uneven economic conditions in many parts of the world, according to a report released by Standard &...
Allianz Estimates $300 Million in Claims for Germanwings Crash, Sources Say
Mar 31 2015 // Germany’s Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The figure...
Oaktree-Backed Insurer Seeks to Raise $2 Billion, Plans IPO Within Five Years
Mar 30 2015 // Oaktree Capital Group LLC is among investors backing a Bermuda insurance venture that’s seeking to raise $2 billion with plans for an initial public offering within five years. Fidelis Insurance Holdings Ltd. is led...
Boston Area Expects a Flood of Claims After Record Winter
Mar 29 2015 // After the Big Dig-out, it’s time for the Big Payout. Or will it be the Big Denial? New England’s epic winter is on pace to produce a corresponding number of claims as thousands of homeowners seek to repair...
Federal Reserve Mulling Insurers’ Proposal for Capital Standards
Mar 29 2015 // The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting...
Personal Insurance Federation of Florida Releases TNC Legislation Guidelines
Mar 27 2015 // Transportation network companies such as Uber and Lyft represent a promising technology that can serve consumers well in the future, but Florida legislators should clarify the insurance requirements for these services in...
Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey
Mar 27 2015 // For the third consecutive year, most insurers providing professional liability insurance for architects and engineers saw their premium rates increase modestly in 2014, as expectations of larger rate hikes were tempered by...
Update: Lufthansa Liability May be Unlimited; Insurance in Play
Mar 27 2015 // The families of passengers on the doomed jet operated by Deutsche Lufthansa AG’s Germanwings will able to seek unlimited recoveries from the carrier because the co-pilot may have deliberately crashed the plane into...
Analysts Say Low Interest Rates to Drag on Insurer Profits, Dividends Long-Term
Mar 27 2015 // Rock-bottom interest rates could erode insurers’ earnings power and financial strength for years to come, putting an end to a string of stronger-than-expected rises in dividends, analysts said in reports published on...
Yemen Conflict Could Disrupt Major Oil Shipping Route; Insurers Pull Back
Mar 27 2015 // Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United...
New York to Investigate Insurers’ Cybersecurity Work After Hacks
Mar 27 2015 // Insurers doing business in New York State must tell a regulator there about efforts to prevent computer hacking, detailing the precautions taken and the personnel devoted to the task. Benjamin Lawsky, superintendent of the...
EU, US Insurers Lost $400 Billion from Continued Low Interest Rates: Swiss Re
Mar 26 2015 // A study, – “Financial repression: The unintended consequences -” released by Swiss Re, notes that “seven years after the financial crisis, central banks are still keeping interest rates at historically...
Second Injury Funds: Are They Still Necessary or Just a Drain On the System?
Mar 25 2015 // Second (or subsequent) injury funds (SIFs) have been abolished in 20 states. Alabama and Maine began this movement in 1992, with South Carolina being the most recent convert; each ending its respective program in 2013....
