Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Heading a National Ridesharing Outline a Political Gain for Jones?
Feb 4 2015 // A committee of regulators led by California Insurance Commissioner Dave Jones is working on standards on ridesharing that departments of insurance in states across the U.S. can look to as an example. Whether the National...
Marine Insurer Seacurus Launches South-East Asian Petro-Piracy Coverage
Feb 4 2015 // Specialist marine insurance intermediary, Seacurus, has developed a petro-piracy endorsement which can be added to existing kidnap & ransom (KR) insurance cover. The coverage was developed in response to the evolving...
Attorneys, Insurers Facing Off over Hail Litigation in Texas
Feb 4 2015 // The vestiges of twin hailstorms that ravaged the south Texas coast in 2012 are now blowing through the halls of the Capitol in Austin. Two of the state’s most-powerful lobbies, the insurance industry and trial...
Philadelphia Insurance Companies Announces 2 Promotions
Feb 3 2015 // Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurance company for niche markets, promoted two vice presidents to senior vice presidents. Bob...
Montana Licensed 34 Captive Insurance Companies In 2014
Feb 3 2015 // State insurance department officials are reporting that Montana licensed 34 new captive insurance companies in 2014, bringing the state’s total number of licensed captives to 177. In addition to the 34 new captive...
37 Captive Insurers Licensed in Oklahoma During 2014
Feb 2 2015 // The Oklahoma Insurance Department announced that it issued 37 new captive insurance licenses last year, bringing the total number of licensed captives in the state to 47. Oklahoma has licensed pure, association, sponsored...
Cayman Enacts Regulations Affecting Portfolio Insurance Companies
Feb 2 2015 // The Cayman Islands passed new insurance regulations on January 16, which affect portfolio insurance companies (PIC). These regulations are designed to provide more risk management alternatives for insurers incorporated as...
Deloitte Insurance Report Keys in on Climate Change
Jan 29 2015 // The potential impact of climate change on the insurance industry was important enough for consulting giant Deloitte Touche Tohmatsu Ltd. to include the topic as a significant part of its recent 2015 Property and Casualty...
P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months
Jan 28 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
Berkshire’s Commercial Insurer Hires AIG, Chubb Execs to Enter Canada Market
Jan 28 2015 // Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance,...
Asia’s Top-Performing Hedge Fund Bullish About China Insurers
Jan 27 2015 // Asia’s top-performing hedge fund is holding on to yuan shares of Chinese insurance and utilities companies, even after the Shanghai Composite Index surged 53 percent in 2014. Monetary easing in China will help...
Insurers Sending ‘Consent to Rate’ Letters to North Carolina Homeowners
Jan 27 2015 // North Carolina homeowners are being told to pay higher insurance premiums or risk losing their coverage under a law that allows companies to pay more than the state has approved. The StarNews of Wilmington reported...
Not All Program Market Competition Is Good
Jan 26 2015 // The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are cautioning that not all...
TWIA Legislative Recommendations Address Funding, Depopulation
Jan 26 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Mexican Motor Carriers Can Apply to Cross Border for Long-Haul Trucking
Jan 26 2015 // The U.S. Department of Transportation announced that Mexican motor carriers will soon be able to apply for authority to conduct long-haul, cross-border trucking services in the United States. This marks a milestone in...
Independent Agents See Carriers’ Online Sales As Major Threat: Accenture Survey
Jan 26 2015 // Independent insurance agents’ strengths in customer service and risk management could be challenged by changing consumer behaviors, new technologies and the evolving competitive landscape, according to a new report...
North Carolina Insurers Request Mobile Home Rate Changes
Jan 26 2015 // The North Carolina Rate Bureau has filed for mobile homeowners insurance rate changes with the North Carolina Department of Insurance (NCDOI). The bureau has requested an average statewide decrease of 0.8 percent for the...
Florida PIP Report Shows Reduction in Rates and Fraud
Jan 26 2015 // Florida’s attempt to lower the cost of personal injury protection (PIP) automobile coverage is progressing as insurers’ rates have declined due in part to lower losses and fewer fraudulent claims. The Florida...
Mexican Motor Carriers Can Apply to Cross Border for Long-Haul Trucking
Jan 26 2015 // The U.S. Department of Transportation announced that Mexican motor carriers will soon be able to apply for authority to conduct long-haul, cross-border trucking services in the United States. The policy change marks a...
Michigan Orders Unlicensed Agent, ‘Fictitious’ Insurer to Stop Selling Insurance
Jan 26 2015 // The Michigan Department of Insurance and Financial Services (DIFS) has ordered Ray Coleman, Midwest Insurance Group and RPM Insurance Group (RPM) to cease and desist from selling, soliciting or negotiating insurance...
