Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
The Emerging Hail Risk: What the Hail is Going On?
May 19 2014 // The number of reported claims involving hail damage to residential and commercial roofing products has increased dramatically in the past few years. Some reports place the increase at almost double historical claim...
High Net Worth Carrier PURE Enters California
May 19 2014 // Call it a little luck or a good timing – maybe a bit of both – but an insurer focused on high net worth individuals has added California to the list of states in which it does business at a time when the number of...
How to Improve Communication with Insurance Companies
May 19 2014 // Today agents must assume an active role in establishing solid relationships with their insurance companies. The key to any good relationship is communication. Agencies must devise a well-organized plan to communicate with...
Lower Cat Losses Helped Home Insurers to First Profit Since 2007: SNL
May 16 2014 // The U.S. homeowners insurance industry benefited from lower catastrophe activity in 2013 and became profitable for the first time since 2007, according to an analysis by SNL Financial. According to SNL, all of the top 20...
R.I. Issues Bulletin on Implementing Auto Insurance Verification System
May 15 2014 // Rhode Island regulators recently issued a bulletin notifying the state’s auto insurers of their filing requirements and deadlines for the Rhode Island Insurance Verification System (RIIVS) to track uninsured...
N.Y. Plastic Surgeon’s Insurer to Pay for $2.3M Settlement in Death Case
May 15 2014 // A plastic surgeon who has appeared on television to talk about the procedures she offers has settled with the family of a New York woman who died following a liposuction procedure. Legal documents filed last week say Dr....
How Technology Is Revolutionizing Insurance Distribution: Swiss Re
May 15 2014 // Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. The study concludes...
Insurers Pull Back on Trade Credit Coverage for Sears Suppliers
May 15 2014 // Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining sales at the...
China Insurance Regulator Warns Insurers on Investments in Debt
May 14 2014 // Chinese insurers face increasing risks from their investments in property and local government debt as the nation’s economic growth slows, according to a senior regulatory official. The China Insurance Regulatory...
Adjuster Hunkers Down for Lengthy Battle with Nationwide Over ‘On Your Side’ Slogan
May 13 2014 // A Tennessee adjuster sued by Nationwide Insurance for alleged trademark infringement because he used the company’s slogan, On Your Side, in his firm’s name and marketing, is fighting back in court and on the...
South Carolina Boat Crash Victim’s Family Settles with Insurer
May 13 2014 // The family of a man killed in a boat crash on South Carolina’s Lake Murray four years ago is receiving a settlement from the insurer for a friend who operated the vessel. The State newspaper reported the payment of...
Has Online Shopping for Auto Insurance Peaked?
May 13 2014 // Shopping over the internet for auto insurance is down for the second year in a row, says a survey by a company that tracks the behavior of consumers with credit history. The latest TransUnion Auto Insurance Shopping Index...
Bill Would Give Tax Relief to Small, Rural P/C Insurers
May 12 2014 // About 600 small mutual property/casualty insurers serving rural communities would get a tax break under federal legislation filed last week in Congress. Introduced by Reps. Erik Paulsen, R-Minn., Ron Kind, D- Wis., and...
Identity of Secret ‘Company Doe’ in Product Liability Case Revealed
May 12 2014 // Company Doe is a secret no more. Ergobaby, a company that makes and sells baby carriers, acknowledged last Thursday it is the firm known as “Company Doe” in a lawsuit against the Consumer Product Safety...
Foreign Insurers’ Role in U.S. Tax Evasion Under Scrutiny
May 12 2014 // A Swiss asset management firm, Swisspartners Group, agreed to pay $4.4 million to the United States to settle a probe into whether it helped U.S. taxpayers evade their federal income taxes, the U.S. Department of Justice...
Best Downgrades Tower Group International and Subs Ratings
May 12 2014 // A.M. Best has downgraded the financial strength ratings (FSR) to ‘C++’ (Marginal) from ‘B’ (Fair) and issuer credit ratings (ICR) to “b” from “bb” of the pooled and reinsured...
CME, SIX to Provide Collateral Management Services to Swiss Insurers
May 12 2014 // CME Group Inc.’s European clearinghouse and SIX Group’s central-securities depository have agreed to offer an integrated collateral-management service to insurance companies operating in Switzerland. Once the...
Trusted Choice Consumer Portal Funding Now Tops $50M
May 9 2014 // Project CAP, the organization formed to help local independent agents compete in the digital economy under the Trusted Choice brand, has raised $10 million from two additional carrier investors. The capital from the two...
Bill Allowing Insurers to Drop Drivers Axed by Arizona’s Brewer
May 7 2014 // Arizona Gov. Jan Brewer has vetoed a bill that would have allowed insurance companies to drop drivers from their coverage if their car was driven mostly out of the state. The bill would have affected college students and...
‘Inhance’ Launched to Plug Re/Insurers’ Cat Loss Information Gaps
May 7 2014 // Lloyd’s Old Library was the setting yesterday for the launch of inhance, a new product designed to close gaps in existing models that continue to expose re/insurers – and companies – to unexpected catastrophe...
