Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers’ Use of Cell Tower Data to Deny Claims Comes Under Scrutiny
Apr 3 2017 // It took Jaclyn Bentley nearly three years to prove she didn’t burn her house down for the insurance money, allegations she and her lawyer say were born of the junk practice of analyzing cellphone tower data. She was...
The Competitive Advantage: The Lost Value Proposition of Independent Agencies
Apr 3 2017 // My brother recently asked for advice regarding his personal insurance. I recommended he contact an independent agent I know who represents three carriers who I know provide a good form, reasonable price, and good claims...
Forget Insurtech. What About Us? Young Agents Speak Out in Annual Survey Report
Apr 3 2017 // Young agents want more tech tools to compete. With so much attention lavished on insurtech startups that vow to replace them, young insurance agents feel they are being shortchanged in the race to invest in insurance...
Underwriting Profits Now Imperative for Medical Liability Insurers: PLUS Report
Apr 3 2017 // For all the changes in healthcare in the past 10 years, the principal challenges facing medical professional liability (MPL) insurance remain much the same as they did during the crisis in the mid-2000s: a high level of...
Broad Intellectual Property Coverage Presents Challenges in Private D&O
Apr 3 2017 // Physical property damage due to natural disasters, weather-related or man-made incidents can be relatively straightforward to assess, but understanding how a different form of property causes damage can be a little more...
Insurtech Startups Take Note: Traditional Insurers Score Highest Ever Satisfaction Grades
Apr 3 2017 // Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year, and these claimants are now giving insurers their highest ever satisfaction...
Florida Property Insurers Avoid Ratings Downgrades From Demotech, For Now
Apr 3 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning about the effects of assignment of benefits abuse and...
April 1st Wrap-Up: Trump Forms Insurer; Epstein to AIG; Minute-by-Minute Insurance
Apr 1 2017 // Here is latest insurance industry real fake news on this April 1st: Trump, Cabinet to Launch MAGA Health Insurance Company President Donald J. Trump announced today that he, his family and his Cabinet of billionaires are...
Bermuda Re/Insurers Start to Feel Pressures of Challenging Market: A.M. Best
Mar 31 2017 // Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve development. These negative trends are...
Duke Energy Sues 30 Insurers Over Carolinas Coal Ash Cleanup Costs
Mar 31 2017 // The largest U.S. electric company sued 30 international and domestic insurance companies Wednesday, saying they should cover part of the utility’s multibillion-dollar cleanup costs in the Carolinas for toxic...
Texas Businesses Divided on High-Priority Insurance Bill
Mar 30 2017 // This article originally appeared in the Texas Tribune. Weeks after major business interests blasted legislation that would make it harder for property owners to sue insurance companies over weather-related damages, other...
First Domestic Run-Off Insurance Carrier Granted License by Rhode Island
Mar 30 2017 // ProTucket Insurance Company has become the first Rhode Island domestic insurer to be formed specifically for providing run-off portfolio transfer solutions. The move has been made possible under new state legislation which...
Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit
Mar 30 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation for the UK’s exit from the European Union. The Brussels’...
Citizens Seeks Florida Agents’ Help Fighting Water Claims Abuse
Mar 30 2017 // As the Florida property market fights what has so far been a losing battle against attorneys and unlicensed contractor firms over water loss claims and assignment of benefits (AOB), Citizens Property Insurance Corp.,...
New York DFS Superintendent Directs Insurers to Submit Disaster Plans
Mar 29 2017 // All insurance companies licensed to conduct business in New York State must submit updated disaster response and recovery plans and responses to online questionnaires to the Department of Financial Services (DFS) by June...
Citigroup to Seek Bancassurance Distribution Partners in APAC Region: Source
Mar 28 2017 // Citigroup Inc. will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of...
Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources
Mar 28 2017 // Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources...
Obamacare Explosion More Like a Slow Burn for Now
Mar 28 2017 // U.S. President Donald Trump said on Friday that Obamacare was “exploding” after Republican lawmakers shelved legislation that would have dismantled the healthcare law. That’s not going to happen this...
Insurers, Victims Sue Saudi Arabia Over Sept. 11 Terrorist Attacks
Mar 27 2017 // Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks. The lawsuit filed late Thursday in the U.S....
R&Q Acquires Captive Insurer from Fortune 500 Engine Manufacturer
Mar 22 2017 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced the acquisition of ICDC Ltd., a captive insurer of an American Fortune 500 company, for an undisclosed sum. The name of the former parent of the captive...
