Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Sees Growth in Insurance Market for Telemedicine Providers
May 4 2018 // As the U.S. market for telemedicine continues to expand, so does demand for insurance coverage for these providers, according to Beazley, which launched its product last summer. The U.S. is the largest and most mature...
California Bills Inspired by 2017 Mudslides and Fires Clear Committee
May 2 2018 // Two bills inspired by the 2017 mudslides and fires in California that are designed to help prevent homeowners from being underinsured when disaster strikes passed the Assembly Insurance Committee on Wednesday. The bills,...
Insurers Offering Discounts on Tornado-Resilient Homes in Oklahoma
May 2 2018 // Dozens of insurance companies are now offering discounts to Oklahomans who have built or retrofitted their homes to certain tornado-resilient standards, the Oklahoma Insurance Department announced. A new law went into...
Explaining a Policy to Someone Who Knows Better
May 2 2018 // A good friend and colleague forwarded me a press release written and sent out by a public adjusting company. Since I was wondering what to write about this week, I’m truly grateful for the article, but when I read...
Insurtechs Haven’t Yet Made Impression on Public
May 2 2018 // Insurtechs may be trying to transform how carriers, brokers and agents do business, but customers aren’t widely aware of their existence just yet, J.D. Power has determined. J.D. Power, which focused mostly on the...
Crop Insurer NAU Country Insurance Enhances Crop Management Platform
May 1 2018 // Iteris, Inc., a data firm focused on the transportation and agriculture industries, and U.S. crop insurance provider NAU Country Insurance Co. have added Iteris’ ClearAg Spray Advisor and crop growth stage models to...
Illinois House OKs Development of State-Financed Workers’ Comp Insurer
Apr 30 2018 // Illinois’ House of Representatives has passed a bill that would create a state-monitored insurance company with the intention of driving down workers’ compensation insurance costs in the state. The House voted...
U.S. Insurers Not Doing Enough on Sustainability, New Report Shows
Apr 26 2018 // A new report from a sustainability advocate gives two green thumbs down to the U.S. insurance industry for its inability to grow its efforts, or its interest, in dealing with climate change compared with other sectors. The...
Bills Addressing Last Year’s California Wildfires Have Insurers Concerned
Apr 26 2018 // Insurance industry representatives said on Thursday they are working with the authors of pair of controversial bills approved by a committee in the California state Senate that are designed to give relief to victims of the...
Insurers Say Cyber Insurance Underwriting Is Profitable for Now: PwC
Apr 26 2018 // Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting...
Pennsylvania Court Awards Summary Judgment to Insurer Accused of Bad Faith
Apr 26 2018 // A judge in the U.S. District Court for the Western District of Pennsylvania awarded summary judgment to an insurer accused of bad faith after denying a man’s claim for losses exceeding $1 million when a fire...
California Commissioner Doing Battle with Insurers over Wildfire Bills
Apr 25 2018 // California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supports say will protect survivors of last year’s wildfires that struck in the...
N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements
Apr 25 2018 // The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It issued these updated...
Insurer-Backed Research Urges Reform of Fire Tests of British Building Materials
Apr 25 2018 // British laboratory tests on the fire safety of building materials are inadequate, research for the insurance industry in the wake of the Grenfell Tower fire showed on Wednesday. At least 71 people died in the fire in the...
Insurers Fear U.S. Economic Slowdown, Inflation: Goldman Sachs
Apr 25 2018 // Goldman Sachs Group Inc.’s asset-management unit, which oversees $250 billion for insurers, said an economic slowdown in the U.S. is the biggest investment risk for the industry for the first time since the financial...
California Commissioner Urging Insurers to Offer Coverage for Cannabis Industry
Apr 24 2018 // California Insurance Commissioner Dave Jones is renewing his call for insurers to offer insurance products for California’s legalized cannabis industry in the wake of recent reports that President Trump has abandoned...
Bond Insurer Assured Guaranty Defends Against Attack by Greenlight’s Einhorn
Apr 24 2018 // Hedge fund manager David Einhorn said on Monday that his Greenlight Capital was betting Assured Guaranty’s stock will fall, sending shares of the bond insurer down as much as 6 percent in after-hours...
Global Insurers Favor Private Equity Investments
Apr 24 2018 // Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets...
Report from Sustainability Advocate Shows U.S. Insurers Lag Peers
Apr 24 2018 // While a small group of insurance companies is taking meaningful steps to acknowledge and respond to the business risks posed by a new operating reality posed by a changing climate, overall the sector’s performance...
Insurers Broadening Architects, Engineers Liability Coverage: Survey
Apr 24 2018 // While the market for architects and engineers professional liability insurance remains intensely competitive, many insurers providing this coverage are weighing new policy enhancements that offer expanded protection. A new...
