Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Personal Auto Insurers Wade Cautiously into Ridesharing Waters
Jan 23 2015 // In recent months, controversy over the potential “uninsured” status of drivers for app-based transportation network companies like Uber and Lyft has finally started to settle down. Those two services —...
Global Insurers, Brokers Establish Micro Insurance Consortium
Jan 23 2015 // A group of global insurance companies and brokers took advantage of the World Economic Forum meeting in Davos to announce that they have established a micro insurance consortium and micro insurance venture incubator...
Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation
Jan 22 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...
Swiss Re CEO Says Infrastructure Investment, Insurers Good Match
Jan 22 2015 // Swiss Re AG Chief Executive Officer Michel Lies called for the creation of a special infrastructure asset class to allow insurers to invest in projects such as roads and bridges. “If you take all the insurance...
California Court Rejects Insurance Challenge to Prop. 103
Jan 21 2015 // The Sacramento Superior Court issued a decision rejecting an insurance industry challenge on the California insurance commissioner’s regulations under Proposition 103 that limit the amount of advertising costs...
Chinese Insurers’ Hunt for Trophy Properties Boosts NYC, London Prices
Jan 20 2015 // What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers,...
North Carolina Home Insurers to Appeal Rate Denial
Jan 20 2015 // Insurance companies aren’t giving up on their quest to raise premiumson North Carolina homeowners by an average of 25 percent, according to an industry spokesman. The group representing nearly 100 companies selling...
