Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
First Capacity Exchange Hailed as Success by MGA’s, Insurers
Sep 14 2012 // The inaugural Managing General Agents’ Association (MGAA) capacity exchange has been hailed as a success by insurers and MGA’s alike as an effective route to identifying and developing new products and scheme...
Consumer Watchdog Slams Calif. Prop. 33 Campaign over Libya Tragedy
Sep 13 2012 // The battle over an automobile insurance persistency initiative is heating up, with the latest volley over a radio advertisement targeting a military audience that opponents are calling on to be removed following the...
How Florida’s Citizens’ Surplus Loans to Private Insurers Would Work
Sep 12 2012 // Florida’s state-backed property insurer is considering for the first time whether to invest in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The...
Arthur J. Gallagher CEO: This Rate Environment Unusual but Better
Sep 12 2012 // Speaking at a recent conference, brokerage Arthur J. Gallagher’s CEO J. Patrick Gallagher described how different today’s commercial insurance rate environment feels, even to an industry veteran like himself....
Low Interest Rates: an Ongoing Problem for the Re/insurance Industry
Sep 12 2012 // Swiss Re’s sigma report analyzing the effect on the insurance industry of the continuing low interest rates doesn’t paint a pretty picture. They have been at historic lows for several years. For instance the...
U.S. Regulators Add Tool to Track Insurers Operating Globally
Sep 11 2012 // State insurance commissioners in the U.S. have agreed to adopt a code that helps track insurers doing business in multiple countries. The National Association of Insurance Commissioners (NAIC) said it will add the Legal...
Florida’s Citizens’ Plan for Loans to Private Insurers Criticized
Sep 10 2012 // Hurricane-prone Florida’s insurer of last resort, state-run Citizens Property Insurance Corp. on Friday approved a plan to provide up of $350 million in sweetened loans to private companies willing to take over...
Asia’s Insurers Hiring While Bankers Face the Axe
Sep 10 2012 // Slowing economic growth across much of Asia has failed to crimp expansion plans by the region’s insurance companies, even as the rest of the financial industry slashes jobs. While banks and brokerages cut costs and...
Treasury Launches $18 Billion AIG Stock Offering
Sep 10 2012 // The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc., making the government a minority investor for the first time since it rescued the company in the depths of the...
Dodd-Frank Provisions Still Hold Concern for Insurers
Sep 10 2012 // The Dodd-Frank Act of 2010 brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression. It represented a significant change in the...
Tapping the High Net Worth Market
Sep 10 2012 // How Agents and Carriers Can Find Gold in Personal Lines Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so...
Top 25 Workers’ Compensation Insurers Grow Premium 29.8% Based on June 30, 2012 Results Versus June 30, 2011
Sep 10 2012 // Demotech’s review of second quarter 2012 data, as reported by insurers to the National Association of Insurance Commissioners, shows that industry workers’ compensation direct written premiums continued to...
P/C Insurers Show Improved Results Mid-Year: Fitch
Sep 10 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...
Lower Catastrophe Losses Boost P/C Insurers’ Earnings in Q2: Moody’s
Sep 10 2012 // U.S. property/casualty insurers reported significantly higher net income in the second quarter of 2012 relative to 2011, driven by lower catastrophe losses and increased growth in earned premiums, said Moody’s...
A Duty (to Settle) Too Far
Sep 10 2012 // Sometimes, courts should leave well enough alone – and this especially applies to the law that has been developed over decades as to a liability insurer’s duty to settle third-party claims. In the overwhelming...
Analysis: Florida’s Insurers, Reinsurance and Catastrophic Storms
Sep 10 2012 // Since 1996, Demotech has rated most of the homegrown Florida domiciled insurers. Our efforts have focused on the assignment of Financial Stability Ratings® (FSRs) to all financially stable insurers, start-ups as well as...
Fla. Citizens Posts Depopulation Plan
Sep 7 2012 // The depopulation committee of Florida’s Citizens Property Insurance Corp. unveiled a plan yesterday designed to transfer about a third of the state-run insurer’s 1.4 million policies to private insurance...
Private Insurers in Line to Take 150,000 Policies from Florida’s Citizens
Sep 7 2012 // Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens Property Insurance Corp., which would contribute to the greatest shift of policies to the...
Tennessee Agency Hollis & Burns Joins Keystone Insurers
Sep 7 2012 // Memphis, Tenn.-based agency Hollis & Burns Inc. has joined Keystone Insurers Group as Keystone’s sixteenth franchise partner in the state. The announcement was made jointly by Hollis & Burns President Richard...
Report Finds Less than 10% of Global Insurers Using ‘App’ Strategy
Sep 6 2012 // A report by Swiss research company MyPrivateBanking concludes that while the “mobile app revolution” has reached the insurance industry, adoption of the popular technology is “still at a very early stage,...
