Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Group: Most Midwesterners not Prepared for Natural Disasters
Apr 9 2015 // With more severe thunderstorms and possibly tornadoes in the forecast for portions of the central U.S. today, the Property Casualty Insurers Association of America (PCI) says a recent survey conducted by Harris Poll on...
Bill Cutting Taxes For Insurance Companies Signed by Arizona Governor
Apr 9 2015 // Arizona is set to reduce taxes for insurance companies under a new bill Gov. Doug Ducey signed into law. The tax cut is expected to mean the loss of more than $44 million to state’s general fund over the next 10...
Arizona Law Clarifies Medical Marijuana Insurance Requirements
Apr 9 2015 // Workers’ compensation carriers and self-insurers will not be required to pay for a patient’s medical marijuana under a new bill Gov. Doug Ducey signed into law. The state’s more than 63,000 holders of...
Insurers Tracking Fitness: Too Accurate for Comfort?
Apr 9 2015 // Someday soon, Big Brother may be watching you. Only his name will be “John Hancock.” The insurer is rolling out a program in the U.S. similar to ones already deployed in other parts of the world, where your...
Hastings Weighs IPO as U.K. Car Insurer Gains Market Share
Apr 9 2015 // Hastings Insurance Group increased its customer base by 20 percent in 2014, boosting profitability and setting the U.K. car insurer on track for a potential initial public offering this year. Hastings, which generates 90...
Feds Seek Unified Approach with Insurers to Cyber Threats
Apr 9 2015 // The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director Michael McRaith assured...
Insurers AIG, USAA Receive OK to Test Use of Drones
Apr 8 2015 // Two more insurers have received approval to test the use of unmanned aerial vehicles (UAVs), or drones, for their business. The Federal Aviation Administration (FAA) has approved requests from USAA and American...
A.M. Best: Insurers Must Consider Risks of U.K. Exit From European Union
Apr 8 2015 // Insurers based in the United Kingdom underwriting a material amount of European business should be monitoring the potential consequences of the United Kingdom exiting or renegotiating its position within the European Union...
How Analytics Technology Can Help Speed Integration Post-Merger Deal
Apr 7 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...
Solvency II Staggers Towards Finish Line: a Retrospective Analysis
Apr 7 2015 // It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, the introduction of the...
Bermuda Re/Insurers Post Strong 2014 Global Underwriting Results: ABIR
Apr 6 2015 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2014 global underwriting results for its member (re)insurers, with 19 of 21 member (re)insurers participating in the survey. The ABIR said:...
AXA: Tighter Capital Rules on Too-Big-to-Fail Insurers May Threaten Recovery
Apr 6 2015 // AXA SA, France’s biggest insurer, said plans to impose tighter capital rules on too-big-to-fail insurers will pose a new hurdle to European growth and do little to bolster financial stability. Insurance companies...
Texas Windstorm Insurer: Private Carrier, UPC, Interested in 60K Policies
Apr 6 2015 // The Texas Windstorm Insurance Association (TWIA) announced that a carrier participating in its depopulation program has signaled an interest in taking over around 60,000 TWIA policies. TWIA is the property insurer of last...
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...
