Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How Insurtech Will Revolutionize Inland Marine by Cutting Costs
Jun 17 2019 // Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even difficult-to-place, small or one-off inland marine risks at the best possible...
Roost Gathering Data as it Awaits Insurance Industry Transformation
Jun 17 2019 // For years, insurance industry observers have been predicting that home telematics products would transform the insurance industry by forcing carriers to take on the role of damage preventer instead of just claims...
Underwriters Get Picky: 5 Trends to Watch in Construction Insurance
Jun 17 2019 // Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their...
Insurers Appoint Dutch Marine Engineer to Salvage Oil Tankers in Gulf of Oman
Jun 14 2019 // Dutch marine engineer Boskalis said on Friday it had has been appointed to salvage both tankers that were hit in the Gulf of Oman in a suspected attack. Boskalis said the condition of the Front Altair tanker, carrying a...
EU Says It’s Ready for ‘Undesirable’ No-Deal Brexit, but Some Insurers Are Unprepared
Jun 13 2019 // The European Union said it’s ready for the U.K. to leave the bloc without a deal and isn’t planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European Commission...
Florida Insurer American Integrity Appoints Ritchie as COO
Jun 12 2019 // Tampa, Fla.- based American Integrity Insurance has appointed Executive Vice President Jon Ritchie as chief operating officer. He will continue to report to Bob Ritchie, president and CEO. In this role, Jon Ritchie will...
How Insurers Are Digitizing Claims with Apps, Photos, Videos, E-Payments and More
Jun 11 2019 // The digital transformation of the insurance industry isn’t just for insurtech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows policyholders to take photos...
2 Execs at Lloyd’s Insurer TMK Forced to Resign After Sexual Harassment Allegations
Jun 11 2019 // Two executives at a top Lloyd’s of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of stalking a junior...
Agents (Still) Looking for Underwriting Sweet Spot: Channel Harvest Survey
Jun 7 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...
UK Insurer Aviva’s New CEO Targets Cost, Job Cuts in Company Overhaul
Jun 6 2019 // Aviva Plc’s new chief executive officer, Maurice Tulloch, kicked off his overhaul of the company with a plan to cut costs and jobs and streamline its U.K. business. Tulloch, who took over in March, said he would...
Jury Gets to Decide If One Insurer Acted in Bad Faith Against Another
Jun 5 2019 // A federal judge in Rhode Island has cleared the way for a trial to decide whether Columbia Casualty Insurance, in bad faith, put its own interest over its policyholder’s by gambling on a trial instead of settling a...
Privacy Exclusion Protects Insurer from $60 Million Class Action
Jun 4 2019 // A federal judge in Florida has ruled that a policy exclusion for invasion of privacy claims relieved an insurer of any responsibility for a $60 million settlement against a Boca Raton company for violations of the...
North Carolina School System Settles Tornado Damage Claims with Insurer for $10M
Jun 3 2019 // More than a year after a tornado struck, a North Carolina school system says it’s reached a $10 million settlement with its insurance company for damage to three schools. The News & Record of Greensboro reports...
5 Areas of School Liability to Watch
Jun 3 2019 // Lilian A. Vanvieldt, senior vice president, educational entities practice leader for Alliant, has spent more than three decades insuring schools across the country. Her book spans from the small school district in Maine...
Resolving Claim Disputes: Step 0
Jun 3 2019 // Resolving claim disputes involves a four-step process of reading, researching, documenting, and pleading your coverage position. This process evolved from a series of seminars I introduced in the ’90s. However, when...
Texas Windstorm Insurer Withdraws 10% Rate Increase Filing
Jun 3 2019 // By Stephanie K. Jones Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was...
FCC: Wireless Carriers Were Ill-Prepared for Hurricane Michael Outages
May 31 2019 // A Federal Communications Commission report says wireless carriers’ poor preparation and coordination lengthened communication outages in the Florida Panhandle after Hurricane Michael. The Panama City News Herald...
Lawyers Professional Liability Insurance Claims Grow in Severity, Complexity, Cost
May 31 2019 // The number of legal malpractice claims resulting in larger multimillion dollar payouts – as well as the dollar amounts involved – has surged in the past year, with at least two settlements exceeding $250...
Allianz Expansion Plan Includes $1 Billion for UK Insurers
May 31 2019 // Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The Munich-headquartered company agreed...
State of Emergency Declared in Ohio; Insurers Asked to Allow Deferred Payments
May 30 2019 // Ohio Insurance Director Jillian Froment has issued a bulletin to all insurance companies and other entities transacting the business of insurance in the state to allow leeway to insurance consumers in counties covered by a...
