Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurtech Firms Continue to Grapple With Data Ownership
Jul 15 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
U.S. P/C Insurers’ Net Income Increased 69% in 2018 Over 2017: A.M. Best
Jul 15 2019 // The U.S. property/casualty industry showed a year-over-year 69% increase in net income to $59.2 billion in 2018, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and...
Cyber Alert: New Era in Privacy Liability to Begin. California’s Data Privacy Law Could Be Game-Changer
Jul 15 2019 // As the nation’s most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. Anxiety is on...
Rhode Island Governor Vetoes Bill on Suing Car Insurance Companies
Jul 12 2019 // Rhode Island Governor Gina Raimondo has vetoed a bill that would have allowed individuals to sue auto insurers for triple damages if their vehicle is totaled. The Democratic governor says the bill, which is supported by...
5th Circuit: No Assertion that Drunken Driving Equals Intention to Crash
Jul 12 2019 // If a drunken motorist collides with another vehicle, can the incident truly be called an accident? A federal judge in Texas said “no” and dismissed a plaintiff’s lawsuit seeking punitive damages from...
California Regulators Seek to Curb Misinformation About Earthquake Insurance
Jul 12 2019 // The recent earthquakes that pummeled neighborhoods in Ridgecrest and Trona in Southern California have led to reports that some insurers and agents may be declining to write earthquake policies in various areas of the...
Confie Acquires Southeast Auto Insurer Southern Harvest
Jul 12 2019 // Confie, a national provider of personal and commercial lines insurance, is acquiring Southern Harvest Insurance. The move will broaden Confie’s U.S. presence to include Georgia and further develop its presence in...
Why First Notice of Loss Is Key to Customer Satisfaction: Viewpoint
Jul 11 2019 // What’s worse: An incident that caused an insurance claim or the claims process itself? Ask a policy holder who has recently lived through a homeowners’ insurance claim process and the results might not be as...
Pushing and Pulling Lloyd’s Into the 21st Century
Jul 10 2019 // Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in the market worked...
Norway Insurer Protector Expects Q2 Loss After Grenfell Fire Ruling with Munich Re
Jul 10 2019 // Shares in Protector Forsikring fell 12% on Wednesday after the Norwegian insurer warned about a second-quarter loss, partly because it had lost an arbitration case related to the 2017 Grenfell Tower fire in London. It said...
Spanish Insurer MAPFRE Teams with China Re on Belt & Road Initiative Cover
Jul 9 2019 // Spanish insurer MAPFRE said it has signed a memorandum of understanding with China Re to insure infrastructure within the belt and road initiative promoted by China. The two said they will collaborate on insuring...
Roman Catholic Archdiocese of New York Sues Insurers Over Future Abuse Claims
Jul 8 2019 // The Roman Catholic Archdiocese of New York has sued more than two dozen insurance companies, seeking to compel them to cover claims filed by people who say they were abused by clerics. Church officials anticipate that...
Trump Administration to Ease Rules on Truckers’ Maximum Hours on Road
Jul 3 2019 // Truck driver Lucson Francois was forced to hit the brakes just five minutes from his home in Pennsylvania. He’d reached the maximum number of hours in a day he’s allowed to be on duty. Francois couldn’t...
Sale of Applied Underwriters Still Under Review; Cayman Islands Insurer Likely Involved
Jul 1 2019 // It appears that the Berkshire Hathaway workers’ compensation unit Applied Underwriters is being sold in a large acquisition, which likely involves Cayman Islands-based United Insurance Co. A spokesman for the Applied...
30% of Disaster Claims Settled After Desk Audit Using Munich Re Remote Tool, Images
Jul 1 2019 // Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims...
Generali Is Front-Runner to Buy Portugal Insurer Tranquilidade: Sources
Jul 1 2019 // Assicurazioni Generali SpA has emerged as the front-runner to acquire Apollo Global Management’s Tranquilidade, the second-largest non-life insurer in Portugal, people familiar with the matter said. The Italian...
Idaho Crop Insurance Company Will Pay $3.48M in Lawsuit
Jul 1 2019 // A crop insurance company has agreed to pay a southwestern Idaho farming family $3.48 million following a lawsuit. The Farm Bureau Mutual Insurance Company of Idaho agreed to pay Nate and Kristin Pancheri for damage to...
Texas Windstorm Insurer: $4.2B Available for 2019 Hurricane Season
Jul 1 2019 // Texas’ insurer of last resort for properties in counties along the state’s coastline says it has $4.2 billion in available funds as this year’s hurricane season gets underway. That amount includes a $111...
Agents (Still) Looking for Underwriting Sweet Spot: Channel Harvest
Jul 1 2019 // Whether technology is driving a “one size fits all” underwriting approach or carriers are narrowing their strike zone, this year’s independent agency survey from Channel Harvest reveals agents continue to...
Preparing for the Unpredictable Talent Considerations for CAT Season
Jul 1 2019 // The combined global losses from natural disasters in 2017 and 2018 were the highest ever for a two-year period. While no single major catastrophe caused massive destruction in 2018, nearly 400 smaller natural disasters...
