Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Most UK Insurers, Banks, Financial Firms Will Lose EU Access with No-Deal Brexit
Dec 20 2018 // Most banking, insurance and other financial firms in Britain would be cut off from the European Union if there is a no-deal Brexit, the bloc’s executive body said on Wednesday. Financial services are Britain’s...
Japan’s Post Holdings Buys 7% of Insurer Aflac
Dec 19 2018 // Japan Post Holdings Co. Ltd. on Wednesday said it will buy 7 percent of U.S. insurer Aflac Inc. for about $2.4 billion, as the postal and financial conglomerate seeks new profit-drivers to counter weak growth...
UK Household Insurers, Banks Face Action for Overcharging Customers
Dec 19 2018 // Providers in the U.K.’s markets for cash savings, mortgages, insurance, mobile phone contracts and broadband are burdening customers with a “loyalty penalty” of around 4 billion pounds ($4.4 billion) a...
Gold Becomes First Female CEO of Insurors of Tennessee
Dec 19 2018 // Insurors of Tennessee named Ashley Gold as CEO of the organization, effective Jan. 1, 2019. Gold currently serves as general counsel for the trade association – which represents independent insurance agents in the state...
EU Regulator Says Insurers Pass Stress Tests
Dec 17 2018 // Europe’s biggest insurers successfully withstood the latest tests of their ability to cope with severe market shocks, the European Union’s insurance watchdog said on Friday. The European Insurance and...
Fitch Sees U.S. P/C Insurers Reducing Investments in Hedge Funds
Dec 17 2018 // U.S. property/casualty insurers’ investment position in other alternative investments as reported is concentrated within a few large insurers and is relatively stable as a percentage of invested assets for the last...
Hurricane Michael Recovery Goes On for Florida Agents
Dec 17 2018 // The page has finally turned on the tumultuous 2018 hurricane season, but for the agents who live and work in the Florida Panhandle, the story isn’t over – personally or professionally. “We all still feel...
State Specialist P/C Carriers Identified for 2018
Dec 17 2018 // The Demotech Company Classification System categorizes insurers into one of 11 categories created by Demotech based on the analysis of data reported by companies to the National Association of Insurance Commissioners...
People
Dec 17 2018 // Reliance Partners, which specializes in commercial insurance, added Brandon Richards as chief sales officer and opened a new office in Austin, Texas. Richards is a veteran insurance professional with more than 17 years in...
Report: Return on Net Worth for California Workers’ Comp Insurers Rose
Dec 17 2018 // A new report shows the average return on net worth for California workers’ compensation insurers rose to 9.9 percent in 2017, the fourth consecutive increase. The report comes from the National Association of...
Chicago Doctor Convicted for Fraudulently Billing Insurers for Non-Performed Services
Dec 17 2018 // A federal jury has convicted a Chicago doctor on fraud charges for billing insurance companies for purported chiropractic manipulations that were never performed, the U.S. Attorney’s Office for the Northern District...
Special Report: The Industry Industry Gives Back
Dec 14 2018 // Safety National Safety National proudly supports Variety the Children’s Charity of St. Louis, an organization that has been helping children with physical and developmental disabilities for more than 80 years. In...
AM Best: Outlooks Revised to Stable for Texas Farm Bureau Insurance Companies
Dec 14 2018 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Texas Farm Bureau...
California Commissioner Wants Insurers to Waive Inventory Requirement for Wildfire Victims
Dec 13 2018 // California Insurance Commissioner Dave Jones is asking residential insurers to pay at least 75 percent and up to 100 percent of personal property or contents coverage in the event of a total loss without requiring...
Slice Now Offering On-Demand Insurance Cloud Services Platform to Insurers in UK, EU
Dec 13 2018 // Slice Labs Inc. said it is now making its Insurance Cloud Services (ICS) available in the United Kingdom and across the European Union. The ICS allows subscribing insurers to Iaunch on-demand insurance products customised...
Citizens to Request 8.2% Rate Increase from Florida Regulators
Dec 13 2018 // Citizens Property Insurance Corp. will file for a statewide average increase of 8.2 percent for personal lines policyholders – homeowners, condominium owners and renters. The Florida insurer of last resort’s Board...
Report: More Than 87K Floridians Dropped by Home Insurers Last Quarter
Dec 12 2018 // State records show home insurers have dropped the policies of more than 87,000 Floridians in the third quarter of this year. The Palm Beach Post reports that state records also show half of the state’s top 10...
I.I.I. Study Cites AOB Abuse for Increasing Insurance Costs In Florida
Dec 12 2018 // A new study released by the Insurance Information Institute (I.I.I.) finds that Florida’s assignment of benefits (AOB) crisis has cost consumers billions of dollars in unnecessary litigation and inflated claim costs...
The Bad News About High Auto Insurance Customer Satisfaction
Dec 10 2018 // Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their overall customer experience is being tested by the rising cost of auto insurance. For...
Peak Re Launches Asian Reinsurance Sidecar Deal Using Bermuda Special Purpose Insurer
Dec 10 2018 // Peak Reinsurance Co., the Hong Kong-based reinsurer, announced it has launched Asia’s first sidecar transaction via a new Bermuda-domiciled special purpose insurer, Lion Rock Re Ltd., to provide collateralized...
