Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AIG Among ‘Too-Big-to-Fail’ Insurers Trying to Assess Path Forward Under Trump
Feb 24 2017 // Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House...
Helping Small Insurers Sell Cyber Coverage to Small Businesses
Feb 24 2017 // With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been...
Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS
Feb 23 2017 // The initial estimate of the insured property market loss for extra-tropical cyclone Egon, which hit France and Germany in January, is €212 million (US$223.3 million), according to PERILS, the independent Zurich-based...
China Regulator Puts Brakes on Insurers’ 3-Year, $100-Billion Buying Spree
Feb 23 2017 // A regulatory clampdown on speculation by insurers and new limits on outbound capital flows are causing one of China’s most acquisitive industries to hit the brakes. Chinese insurers, after announcing almost $100...
EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England
Feb 23 2017 // EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’ claim, the Bank of England said on Wednesday. Officials from Aviva and Legal & General, two...
The Hidden Cost of Bundling Insurance Policies
Feb 22 2017 // Marketers love to bundle products and for good reason. Bundling encourages consumers to buy more. However, new research suggests that it’s not quite that simple. While bundling gets buyers to buy more, it can also...
Colombia’s Regulator Approves RMS Earthquake Model for Use by Insurers
Feb 21 2017 // RMS, the the Newark, Calif.-based catastrophe risk management firm, has received approval from the Colombian insurance regulator, Superintendencia Financiera de Colombia (SFC), to offer catastrophe modeling services to...
How Digital Distribution Tools from IVANS Marry Agents, Carriers and Appetites
Feb 21 2017 // “Looking for a professional agent in the Chicago area who is in good financial shape, wants a long-term relationship, and is seriously into habitational risks. Must be Cubs fan.” Welcome to match.com for the...
Florida Launches Online Workers’ Comp Insurer Database for Employers
Feb 21 2017 // The Florida Division of Workers’ Compensation has formed an online insurance company database to assist Florida business owners with obtaining workers’ compensation coverage that protects employees from the...
New Jersey Supreme Court Issues Ruling in $500M Contamination Lawsuit
Feb 20 2017 // The New Jersey Supreme Court has ruled in favor of Givaudan Fragrances Corporation (Fragrances) in a $500 million insurance coverage lawsuit against Aetna Casualty & Surety Company and additional insurers named as...
Florida AOB Abuse Update: ‘Alarming Trend’ Reaches Crisis Point
Feb 20 2017 // Assignment of benefits abuse has escalated over the last five years to the point where it is now a serious disruption to Florida’s insurance market. The abuse, which is especially rampant in South Florida, stems from...
Demotech Suspends Florida Insurer Rating Criteria
Feb 20 2017 // Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led ratings company Demotech to announce it is changing the criteria it uses when rating insurers in the state. The decision...
Texas Stamping Office Updates Eligible Surplus Lines Insurers List
Feb 20 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified changes to the list of eligible surplus lines insurers in the state. Approved eligible insurers effective Jan. 1, 2017, include alien insurers Lloyd’s...
Texas Governor Deems Hailstorm Litigation ‘Lawsuit Abuse’
Feb 20 2017 // In his state of the state address, Texas Gov. Greg Abbott gave a boost to the insurance industry’s effort to get legislation passed that would place limits on post-hailstorm litigation. Calling lawsuits against...
The Future of Fraud Fighting: IoT and Telematics
Feb 20 2017 // Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk...
Auto Insurers Dispute Consumer Report on Tactics Used in No-Fault Accidents
Feb 20 2017 // A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer Federation of America...
The Concord Group Insurance Companies in New Hampshire Hires McCabe
Feb 17 2017 // The Concord Group Insurance Companies, a Concord, N.H.-based insurance carrier, has announced that Daniel L. McCabe has joined the senior leadership team as a vice president. “Dan will play an important role on our...
Florida-Based Main Street America Appoints Bastian as National Account Executive
Feb 17 2017 // The Main Street America Group, a super-regional property/casualty insurance company, has announced the appointment of Anne Bastian to national account executive, a newly established role within the company’s field...
Insurers Mull Obamacare Exits as Uncertainty, Losses Mount
Feb 16 2017 // Another U.S. health insurer is threatening to drop out of Obamacare after posting massive financial losses related to the program, just hours after an insurance CEO said the law’s markets were entering a “death...
Philadelphia Insurance Companies in Pennsylvania Promotes 5 Employees
Feb 15 2017 // Philadelphia Insurance Companies (PHLY), a commercial property/casualty and professional liability insurance company for niche markets based in Bala Cynwyd, Penn., has promoted five employees to vice president. Yvonne...
