Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Private Insurers Weigh Backing Veterans’ Mortgages
Oct 28 2014 // Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of the market. The Department of Housing and Urban Development is urging mortgage insurers...
Global Regulators Set Capital Rules for 9 Too-Big-to-Fail Insurers
Oct 23 2014 // Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. The International...
Chairman of Key House Committee for Insurers Could Face Challenge
Oct 23 2014 // House Financial Services Committee Chairman Jeb Hensarling is facing a long-shot challenge to his chairmanship from an Oklahoma Republican. Representative Frank Lucas announced he is considering opposing Hensarling for the...
Some Insurers Exclude Ebola; Others Offer New Products
Oct 23 2014 // As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses...
Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’
Oct 22 2014 // A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the...
Pageler Named Chair of National Insurer Group’s Fraud Committee
Oct 22 2014 // Ranney Pageler, vice president of fraud investigations at Employers Insurance, has been named chair of the Property Casualty Insurers Association of America (PCI) Fraud Committee. Pageler, who is based in Austin, Texas,...
Landslide Cleanup Deal Reached in Oregon, Insurers to Pay
Oct 22 2014 // A legal path has been cleared for hundreds of tons of debris to be removed from a waterway south of Coos Bay, Ore. that’s home to federally protected coho salmon and green sturgeon. In April 2012, a massive...
North Carolina Opens Hearing on Homeowners Rate Hike
Oct 22 2014 // North Carolina’s insurance commissioner on Monday began deciding whether to allow homeowners’ coverage costs to rise by as much as 35 percent even as some insurers demand even higher rates in agreements with...
Average Claims Experience Not Enough to Retain Customers: Accenture
Oct 22 2014 // Although a large majority (86 percent) of home and auto insurance customers who have submitted a claim in the past two years are satisfied with how it was handled, 41 percent of those who have submitted a claim are still...
Eight P&C Insurers Get Top Marks for Climate Change Risk Management
Oct 22 2014 // Munich Re and ACE Ltd. are among insurers that are best prepared to manage risks related to climate change, a lobbying group said. The nine insurers that were found to be integrating climate change into underwriting and...
Record Aviation Claims Driving Up Premiums
Oct 21 2014 // Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty bill dwarfs the $60-$90...
Jury Finds Texas Windstorm Insurer Adequately Paid City for Ike Claims
Oct 21 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...
10 Insurance Myths (Men Are More Likely Than Women to Believe 8 of Them)
Oct 21 2014 // Men may be more gullible when it comes to insurance myths than women but even women think a number of popular myths about insurance are true, according to a survey by online insurance seller insure.com. Insure.com said it...
S&P: Global Multiline Insurers’ Credit Quality to Stay Strong in 2015
Oct 21 2014 // Global multiline insurers (GMI) continue to show strong credit quality, according to Standard & Poor’s Ratings Services. S&P provided an overview of the GMI sector in an article titled “Global Multiline...
P/C Insurers’ Reserves Redundancy to Continue: Moody’s
Oct 20 2014 // U.S. property/casualty insurers’ reserves will remain moderately redundant through the end of the year, Moody’s Investors Service has reported. “We expect moderately redundant reserves based on ongoing...
NJ Transit Sues Insurers Over Sandy Losses, Seeks $300M
Oct 20 2014 // New Jersey Transit, the nation’s third-largest bus, rail and light rail transportation provider, is suing several excess insurers to recoup additional $300 million for Superstorm Sandy losses. NJ Transit says its...
Top 30 Private Auto Insurers: SNL
Oct 20 2014 // CSAA Insurance Exchange, which sells private auto insurance to AAA members in about 25 states, experienced double-digit year-over-year growth in personal auto business, far outpacing other top writers in the second...
Big Data: It Isn’t Just for Carriers
Oct 20 2014 // This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry has...
P/C Insurers’ Net Income Rose in First-Half of 2014
Oct 20 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
P/C Direct Premium Written Up 5.2% in First-Half of 2014
Oct 20 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2013, nearly $545 billion of DPW was reported, a record high for the industry. For 2013, total DPW...
