Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Digital Insurance Agency EverQuote’s IPO Begins Today at $18 Per Share
Jun 28 2018 // Cambridge, Mass.-based online insurance agency EverQuote Inc. announced the pricing of its initial public offering of 4,687,500 shares of its Class A common stock at a public offering price of $18 per share. The shares are...
Malaysia Expected to Give Foreign Insurers More Time to Cut Local Stakes: Sources
Jun 28 2018 // Malaysia’s central bank is considering granting extensions to some foreign insurers to give them more time to trim stakes in their local ventures, people with knowledge of the matter said. Foreign insurers are...
Top Practice Areas for Lawyers’ Malpractice Claims
Jun 28 2018 // New malpractice claims against lawyers are being driven by inadequate safeguards against conflicts of interest, along with participation in certain expanding and complex practice areas, according to a new study by...
Insurtech Agency CoverWallet Offers Its API for Other Small Firms to Offer Insurance
Jun 27 2018 // Digital small business insurance agency CoverWallet, which is partly owned by insurers Zurich Insurance and Starr Companies, is expanding its distribution by letting other small businesses such as accountants and lenders...
Swiss Re-Backed Insurer FWD Weighs IPO in Hong Kong
Jun 27 2018 // Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the...
EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official
Jun 26 2018 // The European Union’s default market access for foreign financial firms will not be eased for Britain after Brexit and improvements to the equivalence regime will apply to all third countries, an EU official told...
Partnering with Insurtech to Transform Rather Than Disrupt Insurance
Jun 26 2018 // The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive,...
Opinion: Is Florida’s Flood Insurance Industry Really Prepared?
Jun 26 2018 // The clock is ticking: The National Flood Insurance Program expires on July 31, 2018; so what happens next? It is well documented that the NFIP is broken and has been in disarray for a long time. The NFIP’s primary...
California Workers’ Comp Rating Bureau Exploring Blockchain, Behavioral Science
Jun 22 2018 // Powered by InsuranceJournal.tv One wouldn’t normally associate blockchain with workers’ compensation, two completely different industries that seem worlds apart. But as it turns out, the technology is of value...
How Insurance Plans Contribute to Opioid Epidemic: Johns Hopkins Study
Jun 22 2018 // Health care insurers including Medicare, Medicaid and major private insurers have not done enough to combat the opioid epidemic, suggests a study led by researchers at Johns Hopkins Bloomberg School of Public Health. The...
Louisiana Seeks to Clarify Named Storm/Hurricane Deductible Law
Jun 21 2018 // The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the interpretation and application of state law regarding policy deductibles in...
Guggenheim Exploring Deal with Munich Re’s Asset Management Unit
Jun 21 2018 // Guggenheim Partners is exploring the sale of a stake in its $250 billion asset-management unit overseen by Scott Minerd, according to people familiar with the matter. Guggenheim Partners Investment Management has been in...
With Ambitions to Expand (and Disrupt Allianz), German Insurer DFV Weighs IPO
Jun 21 2018 // With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG [DFV] needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering...
Weiss Ratings Names Strongest, Weakest Homeowners Insurers in Texas
Jun 20 2018 // Palm Beach Gardens, Florida-based Weiss Ratings has named the six strongest providers of homeowners insurance doing business in Texas that are financially ready for the 2018 hurricane season. At the same time, Weiss...
Court Rules Failed California Workers’ Comp Insurer Can’t Use Special Funds for Administrative Expenses
Jun 20 2018 // The Appellate Court of Illinois has issued a decision supporting California Insurance Commissioner Dave Jones and the California Insurance Guarantee Association’s position that Lumbermens California workers’...
Two P/C Insurance Trade Groups — AIA and PCI — Plan to Merge
Jun 20 2018 // Two leading U.S. property/casualty insurance carrier trade groups are talking about merging. The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) said their respective...
Catastrophes Pushed Homeowners Insurers’ Combined Ratio Above 107 in 2017
Jun 20 2018 // After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of numerous catastrophes, according to an A.M. Best report. The new...
A Few More Thoughts About Assignments of Benefits
Jun 20 2018 // I last wrote about assignments of benefits (AOB) back in January. You didn’t read that one? I’m shocked, but I’ll be ok. Here’s the link to my thoughts about assignments of benefits. You don’t...
Chubb Insists No Insurance for Weinstein, Who Wants Jury to Settle Coverage Issues
Jun 19 2018 // Hollywood movie mogul Harvey Weinstein is asking that a jury decide whether his insurer must defend him against 14 lawsuits accusing him of sexually harassing and assaulting women over several decades. Weinstein contends...
Health Insurers Propose Lower Premiums for Minnesota Individual Market
Jun 19 2018 // Health insurers in Minnesota’s individual market are proposing mostly decreased premium rates for 2019, with average proposed decreases ranging from 3 percent to more than 12 percent for consumers, according to data...
