Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Direct Auto Purchasers Show Better Carrier ‘Satisfaction’: J.D. Power
Jul 1 2019 // U.S. auto insurance consumers are quite happy about their coverage, and a growing shift to direct-to-consumer models has driven much of their good feelings. In a new report, J.D. Power says overall customer satisfaction...
Insurance Agents Have Come to Embrace Insurtech. When Will Carriers?
Jul 1 2019 // There used to be a time when independent insurance agents were wary of what disruption insurtech might bring. They feared a future where all insurance transactions were done digitally — eliminating the need for the...
2019 Super Regional P/C Insurers
Jul 1 2019 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2018 data for property/casualty...
Specialist Re/Insurer Apollo Taps Steeds from XL Catlin as Political Risk U/W
Jun 28 2019 // Lloyd’s managing agency Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969, effective immediately. He reports to Chris King, head of crisis management at...
S. Africa Insurer Discovery Opens Bank, Challenging Traditional Lenders
Jun 28 2019 // It took Discovery Ltd. 1.5 million man hours over four years to build a bank. When the startup opens to the public Monday it will challenge South African lenders with histories going back to 1838, and they’re ready...
China Creates Insurance Group to Take Over Troubled Insurer Anbang
Jun 28 2019 // China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that’s under state control. Beijing-based Dajia Insurance Group, which...
Poll: Majority of Americans Say Global Warming is Affecting U.S. Weather
Jun 27 2019 // The majority of Americans say global warming is important to them, and that it’s affecting the weather in the U.S. A national survey by the Yale Program on Climate Change Communication and the George Mason University...
U.S. P/C Insurers’ Net Income Increased 69% in 2018: A.M. Best
Jun 27 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...
What Passed, What Didn’t: New Florida Laws Taking Effect July 1
Jun 27 2019 // The Florida Legislature looked at and passed many pieces of legislation in the 2019 session that will impact the insurance industry. The following are summaries of what passed — and what didn’t. What Passed HB 7065...
Georgia Court: Insurer Can’t Deny Coverage Despite Misinformation on Application
Jun 27 2019 // An insurer that extended its workers’ compensation coverage for 90 days after discovering the employer had violated the terms of its policy could not then deny coverage for a claim on the grounds that those terms had...
Data-Driven Insurance Future Clouded by Data Ownership Uncertainty
Jun 26 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...
Tokio Marine Puts UK Insurer into Run-Off, Now Focusing on Lloyd’s Business
Jun 25 2019 // Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward, Tokio Marine Kiln (TMK) will focus on its Lloyd’s businesses. The run-off plan will be...
Supreme Court to Hear Fight Over $12 Billion Obamacare Payments to Insurers
Jun 25 2019 // The U.S. Supreme Court on Monday agreed to decide whether insurers can seek $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to...
Trump Moves to Force Hospitals, Insurers to Disclose Prices
Jun 25 2019 // The Trump administration took a step toward making paying for health care more like paying for coffee, computers or clothing, by letting patients know prices up front — but what consumers could do with that...
Texas Windstorm Insurer Funded at $4.2 Billion for 2019 Hurricane Season
Jun 24 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. By comparison, at the start...
Idaho Crop Insurance Company Will Pay $3.48M in Lawsuit
Jun 24 2019 // A crop insurance company has agreed to pay a southwestern Idaho farming family $3.48 million following a lawsuit. The Idaho Statesman reported that the Farm Bureau Mutual Insurance Company of Idaho agreed to pay Nate and...
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power
Jun 24 2019 // Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by denying coverage to gambling companies and nuclear-power generators. The asset-management arm of ASR...
How the Florida ‘Omnibus’ Insurance Bill Will Impact Insurer Duty to Defend, Appraisal
Jun 24 2019 // While most of the news out of the 2019 Florida Legislative Session surrounding insurance has focused on House Bill 7065 and the wide-spread assignment of benefits (AOB) reform it promises, another piece of legislation that...
What to Expect in Agency Technology
Jun 21 2019 // To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but...
Notes on Public Adjusters
Jun 19 2019 // I recently had a conversation about public adjusters. Here’s the short version of that conversation. What is a public adjuster? Would you recommend someone use a public adjuster? That made me think that we could...
