Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Just Like Many British Homes, UK Insurers’ Shares Are Subsiding This Summer
Sep 28 2018 // Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s non-life insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent,...
New Property Insurer, Journey, to Include Texas in Initial Roll Out
Sep 28 2018 // Texas is one of three states in which a new property/casualty insurance company plans its initial roll out. In addition to Texas, Florida-based Journey Insurance Co., formed by United Insurance Holdings Corp. (UPC...
Insurers Tell Congress Trump Tariffs Harm Insurance Consumers
Sep 27 2018 // As the Trump Administration continues to slap tariffs onto various consumer products, property/casualty insurers are increasingly concerned how some of these actions will affect the cost of auto and home insurance. Auto...
UPC Insurance, Tokio Marine Kiln Form New Florida-Based Property Insurer ‘Journey’
Sep 27 2018 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has formed Journey Insurance Co. in partnership with Tokio Marine Kiln. The new property and casualty insurer will...
Slice Labs Raises $20M for Its On-Demand Platform for Insurers
Sep 26 2018 // Cloud services provider Slice Labs has raised an additional $20 million that it will use to expand its cloud services for on-demand insurance products globally. The Series A funding round was led by The Co-operators with...
UK Financial Firms Expect 5,766 Jobs to Move with Hard Brexit: 3rd Reuters Survey
Sep 26 2018 // As few as 630 UK-based finance jobs have been shifted or created overseas so far ahead of Brexit, while the number of jobs that UK-based financial institutions said they expected to move in the event of a...
Global Insurers Realize Innovation Is Critical for Future Success: A.M. Best Survey
Sep 25 2018 // A significant majority of global insurers understand that innovation is increasingly becoming a competitive differentiator in the global marketplace, according to the results of an A.M. Best survey of its rated...
Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses
Sep 25 2018 // This enhanced satellite image made available by NOAA shows Hurricane Florence off the eastern coast of the United States on Wednesday, Sept. 12, 2018 at 5:52 p.m. EDT. (NOAA via AP) Insurance industry losses from Hurricane...
Massachusetts Insurance Agents, Carriers Helping Their Towns Get Back to Normal After Gas Explosions
Sep 25 2018 // As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as...
Court Upholds California Commissioner’s Regulatory Actions Against PacifiCare
Sep 21 2018 // A three-justice panel of the California Court of Appeal, 4th Appellate District, gas upheld Insurance Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations, which prescribe how insurance companies...
The State of NAIC’s Data Security Model Law
Sep 21 2018 // Powered by InsuranceJournal.tv Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert...
Former Insurance Company Exec Named Chief Actuary at Oklahoma Insurance Dept.
Sep 20 2018 // Andrew Schallhorn has been appointed as chief actuary at the Oklahoma Insurance Department (OID), effective Sept. 24. Schallhorn formerly was president of Reserve National Insurance Co. In a departmental press...
Members of Assn. of Bermuda Insurers & Reinsurers Provide $840M to Local Economy
Sep 20 2018 // Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey...
Banks and Insurers Have Improved Their Cyber Defenses
Sep 20 2018 // Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture,...
Florida Appeals Court Deals Insurers a Win in AOB Fight with Policy Language Ruling
Sep 20 2018 // In a significant turn of events in the insurance industry’s fight against Florida assignment of benefits (AOB) abuse, Florida’s Fourth District Court of Appeal (DCA) has ruled that an insurer’s...
Why Small Mutual P/C Insurers, Insurtechs May Need Each Other: A.M. Best
Sep 19 2018 // Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual property/casualty insurance companies continue to face...
Global Insurers in Mood to Take on New Investment Risks
Sep 18 2018 // Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment advisor BlackRock. Almost half (47%) of insurers surveyed plan...
Insurer Fights Paying $5.3M to Man Wrongly Convicted in Missouri
Sep 17 2018 // A former insurance carrier for the city of Columbia, Missouri, is appealing a ruling that it owes $5.3 million to a man who served 10 years in prison before his conviction for killing a sports editor in Columbia was thrown...
Can Home Insurers Keep Customers as Happy as Insurtechs?
Sep 17 2018 // Homeowners insurance companies are faring rather well when it comes to customer satisfaction. Consultants at J.D Power think the carriers’ investments in improved digital channels and bundled products that combine...
A.M. Best Sees Recent Floods Having Limited Effect on India’s Insurers’ Ratings
Sep 17 2018 // A.M. Best said it does not expect flooding in the Indian state of Kerala to have a significant impact on the balance sheet strength of rated Indian non-life insurers; however, the losses may add to the unfavorable...
