Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Predictions on the Demise of the Independent Agent Are Premature Yet …
Nov 3 2014 // This column has covered a number of important technology issues facing agents, including security, social media, mobile technology, and the customer experience. A groundbreaking study issued last month and an equally...
E&O Insights: How Important Is Your E&O Policy?
Nov 3 2014 // Errors and omissions (E&O) coverage: It’s one of the most important coverages you can secure. After all, your agency’s protection depends heavily on your E&O policy and how it works. Despite this, it...
Workers’ Comp Writers Using More Mobile Device Apps, Other Technology
Nov 3 2014 // Workers’ compensation insurers are increasingly turning to mobile device applications and other technology innovations in their bid to remain a force in the industry and serve their clients, Novarica determined in a...
How to Navigate Today’s Agency E&O Market
Nov 3 2014 // While many agencies stick with their agency errors and omissions (E&O) carrier, those that do shop around tend to do so when premiums are rising. According to Insurance Journal‘s exclusive 2014 Agency E&O...
Wind Insurer Settles Lawsuit with South Texas School District
Nov 3 2014 // The Texas Windstorm Insurance Association has agreed to pay nearly $8 million to settle an unpaid claims lawsuit filed by a South Texas school district, according to district court records in Cameron County. The...
Jury Finds Texas Windstorm Insurer Adequately Paid City for Ike Claims
Nov 3 2014 // Texas’ wind and hail insurer of last resort in coastal areas announced that a judgment has been entered in its favor in a lawsuit brought by League City in Southeast Texas. The judgment signed on Oct. 16, 2014, by...
The Pitfalls of Rejecting a Defense Under Texas ‘Same Facts’ Test
Nov 3 2014 // Texas law recognizes that an insurer’s reservation of rights can create a potential conflict of interest. (Northern County Mut. Ins. Co. v. Davalos, 140 S.W.3d 685 (Tex. 2004)). Although there is a potential for...
Small Businesses Moving to Obamacare Exchanges
Nov 2 2014 // U.S. small businesses are dropping health insurance for their workers, as Obamacare lets them send employees to new marketplaces where they can often get subsidies from the government to buy coverage. WellPoint...
Louisiana’s Direct Action Statute’s Effect on Claims-Made Policy Notice Provisions
Oct 31 2014 // Typical claims-made insurance policies require claims to be both made and reported within the applicable policy period. Under this type of policy, the risk of a claim incurred but not made, as well as a claim made but not...
Top 25 D&O Insurers Show Healthy Growth: SNL
Oct 31 2014 // Direct premiums written for the directors’ and officers’ liability insurance industry grew 7.35 percent year over year in the first half of 2014, rising to $2.91 billion, according to an SNL Financial analysis...
Africa Provides Insurers With New Business Opportunities
Oct 31 2014 // Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog...
Regulator Takes Focus on Climate Change Preparedness
Oct 30 2014 // With a calm demeanor and in a somewhat scientific tone he doesn’t mind using while explaining his stance on something, Mike Kreidler stood by his decision to call out the insurance industry and the rest of the...
Florida Approves Up to 183K Takeouts from Citizens for 2015
Oct 30 2014 // The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 180,040 personal residential policies and 2,527 commercial residential polices from Citizens Property Insurance Corp. The OIR said these...
Healthcare Overhaul Boosts Earnings at Insurer WellPoint
Oct 30 2014 // Indianapolis, Ind.-based WellPoint raised its 2014 earnings forecast again and trumped third-quarter expectations as the overhaul of the healthcare system adds millions to the nation’s health insurance rolls, and at...
Korean Regulators: Insurers Must Boost Capital to Prepare for Aging Population
Oct 30 2014 // South Korea’s insurers have been told by regulators to boost capital to prepare for an aging population, with the United Nations predicting a world-beating average life expectancy of 95.5 years by the end of the...
German Insurer Uses Phone App to Help Improve Young Driver Safety
Oct 30 2014 // Signal Iduna, a German insurance provider, has launched a new car insurance policy through ‘sijox’, its young customer brand. “AppDrive powered by TomTom” uses a smartphone app to provide feedback...
Heaven & Hail: Hail Insight and the Damage it Brings
Oct 30 2014 // This post is part of a series sponsored by CoreLogic. Hail Damage by the Numbers Damage from convective storms continues to capture the attention of both the public and insurers because of the increase in the number of...
South Carolina Liquidating Commercial Auto Insurer First Keystone
Oct 29 2014 // The South Carolina Department of Insurance last week declared an insurer that specialized in providing commercial auto insurance to be insolvent and the insurer is now being liquidated. The First Keystone Risk Retention...
China Insurers Face Shadow Banking Default Risk: Ratings Agencies
Oct 29 2014 // A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust...
Top 10 Market Conduct Issues for P/C Insurers
Oct 28 2014 // A review of state insurance regulators’ examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to be the top criticisms. According to compliance...
