Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Trade Credit Insurers Paid UK Claims of $4.9M Each Week in 2016: ABI
Apr 7 2017 // Trade credit insurers paid claims to UK businesses in 2016, amounting to more than £4 million ($4.9 million) a week, or £210 million ($256.8 million), according to figures released by the Association of British Insurers...
S&P Raises Ratings for Belgian Aviation Insurer Aviabel After AXIS Acquisition
Apr 7 2017 // S&P Global Ratings has raised its long-term counterparty credit and financial strength ratings on Aviabel Cie. Belge d’Assurances Aviation to “A” from “A-“, following the completion of its...
U.S. Weather in March to Cost Insurers More than $2 Billion: Aon
Apr 7 2017 // Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report...
RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers
Apr 6 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include a new class of “cyber-physical” models. These include a range of cyber attack...
I.I.I.: Why ProPublica Auto Insurance Report Is Inaccurate, Unfair and Irresponsible
Apr 5 2017 // It looks like ProPublica failed its first actuarial exam. The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically charge unfairly high...
ProPublica Report Alleges Auto Insurers Overcharge Minorities
Apr 5 2017 // A new report published by ProPublica accuses the auto insurance industry of pricing discrimination against minorities. The report, titled Minority Neighborhoods Pay Higher Car Insurance Premiums Than White Areas with the...
Florida Senator Alleges ‘Smear Campaign’ After Industry-Backed AOB Bill Stalls
Apr 5 2017 // A bill backed by the insurance industry to curb the abuse of Florida’s one-way attorney fee statute in assignment of benefit claims has stalled as lawmakers opted to instead advance what the insurance industry and...
Cook Maran Set to Acquire New York Insurer Gundermann
Apr 4 2017 // Cook Maran & Associates (Cook Maran), one of New York and New Jersey’s largest insurance brokers, will acquire Gundermann & Gundermann (Gundermann), a third-generation, family-owned company that’s grown...
Republicans Now Eye Insurer Low-Income Subsidies They Sued to Halt
Apr 3 2017 // Republican lawmakers are seeking a way to guarantee that health insurers get $7 billion promised to them to help low-income people afford the out-of-pocket costs of Obamacare plans, in an effort to keep more companies from...
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...
