Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Could Hurricane Florence Cost Insurers $20 Billion?
Sep 11 2018 // Here’s some grim back-of-the-envelope math for insurers: Hurricane Florence may wreak $15 billion to $20 billion in covered losses from wind and coastal storm-surge, if the past is any guide, according to catastrophe...
How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s
Sep 10 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...
Washington Fines Insurance Providers, Including T-Mobile, for Illegal Rebates
Sep 10 2018 // Washington Insurance Commissioner Mike Kreidler issued fines in July totaling $115,050 against insurance companies, agents and brokers for reported violations of state insurance regulations. The alleged violators and their...
The Lowdown: Top Private Flood Carriers, High Tides, Storm Surges & More
Sep 9 2018 // As I watch the daily tracking of Hurricane Florence and anticipate its potential destruction, I am compelled to revisit this June blog post and share it with you once again. In the words of Peter Criss, “I...
Aon Creates $350M of Cyber Capacity, Launches New Solution for Silent Cyber
Sep 7 2018 // Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent cyber* solution. Aon’s silent cyber solution is designed to partner with carriers in their...
Tokio Marine Buys Minority Stake in S. Africa Insurer Hollard for African Foothold
Sep 7 2018 // Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to help both companies expand through Africa. Tokio Marine will pay 5 billion rand ($327...
Staffpak Announces New Carrier Partner For Staffing Agency and PEO Programs
Sep 6 2018 // Dallas, TX, September 6, 2018— U.S. Risk’s StaffPak program has partnered with program-driven Markel Specialty to offer property and casualty coverage to the staffing and PEO industries. Markel will provide...
South Carolina Insurer Data Security Law Should Be Nationwide Role Model
Sep 5 2018 // In October 2017, the National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Bill, also known as the NAIC “Model Law.” NAIC’s Model Law seeks to establish a...
Keystone Insurers Group Adds 2 New Michigan Agencies
Sep 4 2018 // Keystone Insurers Group has named Shoreline Insurance of Muskegon and Combined Insurance Agencies of St. Joseph to its growing community of partners in Michigan. Since 1976, Shoreline Insurance has served clients in the...
Selective Insurance Company of America Promotes Cunniff, Bradley
Sep 4 2018 // Selective Insurance Company of America, a subsidiary of Branchville, N.J.-headquartered Selective Insurance Group Inc., has appointed Christopher Cunniff to senior vice president of actuarial reserving and Ryan Bradley to...
French Reinsurer SCOR Spurns $9.6B Acquisition Offer from Insurer Covea
Sep 4 2018 // French reinsurer SCOR SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. SCOR shares climbed the most in...
California’s 1st Cannabis Insurer Expands Coverage
Sep 3 2018 // California Insurance Commissioner Dave Jones approved a filing from Golden Bear Insurance Co. amending its California Cannabis program product to lower rates, expand coverage options, and expand the classes of business...
15 Emerging Risks Worth Watching That Are Not Cyber
Sep 3 2018 // When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some...
Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best
Sep 3 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
As Cyber Insurance Market Grows, Accumulation Risk Is Key Concern: Geneva Assn.
Sep 3 2018 // Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, according to a study...
Report: Missouri Medical Professional Liability Insurers Saw Slight Profit in 2017
Sep 3 2018 // In 2017, poor underwriting results for medical professional liability insurers in Missouri were partially offset by higher investment returns, and insurers barely eked out a profit, earning a 0.2 percent return on net...
State Farm Mutual Automobile Insurance Company Announces New York Rate Cut
Aug 31 2018 // State Farm Mutual Automobile Insurance Company has announced it will cut its rates in New York. As a result, its overall personal auto rate will drop by 3.4%. The total state-wide expected impact for State Farm Mutual by...
Church Mutual Launches New Online Insurer, CM Select
Aug 30 2018 // Church Mutual Insurance Co., based in Merrill, Wisconsin, has launched CM Select Insurance Co., which offers online access to products and serves created specifically for smaller churches and other religious...
3 New Insurers OK’d to Do Business in Arkansas
Aug 30 2018 // Arkansas Insurance Commissioner Allen Kerr has approved three new insurance companies to conduct insurance business in that state. Authority was granted to West Bend Mutual Insurance Co. (WBM) of West Bend, Wisconsin, to...
Online Insurer CM Select Targets Small Churches, Religious Organizations
Aug 30 2018 // Church Mutual Insurance Co. has launched CM Select Insurance Co. – an online insurer offering access to an insurance product specifically for smaller churches and other religious organizations. These organizations can...
