Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Why Customer Satisfaction Is Falling for Large Auto Insurers, Rising for Small: J.D. Power
Jun 21 2016 // After climbing in each of the past two years, customer satisfaction is falling among the nation’s largest auto insurers, while satisfaction is actually up a tad for small insurers. This rising dissatisfaction with...
Don’t Expect Surge of Private Flood Insurance Products: S&P
Jun 21 2016 // Opening U.S. flood insurance to private insurers won’t lead to a surge of new market entrants, Standard & Poor’s asserts in a new report. Even if Congress passes legislation to make the change as it is...
AXA Plans $2.4B in Cost Cuts by 2020; Acquisitions Eyed for Growth
Jun 21 2016 // AXA SA, France’s largest insurer, plans to increase profitability through 2020 by seeking 2.1 billion euros ($2.4 billion) of cost cuts and growing digital investments to tap rising demand for policies protecting...
Specialist Lloyd’s Insurer Neon Opens Bermuda Office with Fisher as CEO
Jun 21 2016 // The specialist Lloyd’s insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and U.S....
Concerns Raised about Coverage with Ohio Insurer’s Demise
Jun 20 2016 // Health care advocates and a U.S. senator are raising concerns that nearly 22,000 Ohioans could end up paying much more for health care as their struggling insurer winds down its operations. Republican Sen. Rob Portman has...
Insurer to Pay $750K over Fatal Shooting in Texas County
Jun 20 2016 // A $750,000 settlement has been reached with relatives of an unarmed motorist fatally shot by an off-duty South Texas sheriff’s deputy. The family of Mathew Jackson has agreed to settle the civil lawsuit. The money...
Construction Market Keeps Building: Brokers’ Outlook on Current & Future Opportunities
Jun 20 2016 // Amid ups and downs, the construction market has seen steady growth over the past four years, and now construction insurance specialists believe the market is set to finally start to heat up. The intense competition has...
Insurer’s Hospital Claims Study Corroborates High Death Risk from Medical Errors
Jun 20 2016 // Death claims are the most common hospital liability claims, according to an insurance company study released after researchers at Johns Hopkins University School of Medicine reported that medical errors are the third...
California Commissioner Lowers Workers’ Comp Advisory Rate
Jun 20 2016 // California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective...
Contractor’s Professional Mitigation of Damages Coverage
Jun 20 2016 // As contractors’ professional liability insurance products continue to develop and evolve in the marketplace, many contractors aren’t aware of a new “first-party” coverage that has become available...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report
Jun 20 2016 // When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a...
Smart Choices, Luck Help U.S. P/C Insurers Stay Stable: S&P
Jun 20 2016 // Good news alert: the U.S. property/casualty insurance sector “has been dealt a good hand” and remains stable due to smart choices and a little bit of luck, Standard & Poor’s said in a new...
Oregon Shakespeare Festival Insurer Breached Contract: Judge
Jun 17 2016 // The Oregon Shakespeare Festival can go to trial or pursue a settlement under a judge’s ruling that an insurer should have covered damage and cancellations related to wildfire smoke. The Mail Tribune reported Judge...
Insurers Ignore FinTech Revolution at Their Long-Term Peril: PwC
Jun 17 2016 // While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by PwC. As customers...
Florida Insurer Security First Promotes DeVriese to Chief Administrative Officer
Jun 17 2016 // Florida-based homeowners insurance provider, Security First Insurance Co., has promoted Melissa Burt DeVriese to chief administrative officer. DeVriese will also retain her title of general counsel. With this promotion,...
Pro Global Files Company Application Under R.I.’s New Run-Off Reg
Jun 15 2016 // Pro Global Insurance Solutions plc announced that it has become the first company to file an application for a new domestic insurer in Rhode Island to facilitate insurance business transfers (IBT) under the August 2015...
Zika Virus Could Make Scoring Event Insurance More Difficult
Jun 15 2016 // Fears over the spread of the Zika virus are likely to dampen the Summer Olympics set for Rio de Janeiro in August and other summer events. The virus could also make it more difficult for summer event organizers to find or...
Startup Embroker CEO Miller Pursues ‘Massive Improvement’ Over Disruption in Commercial Insurance Brokerage
Jun 15 2016 // Within venture capital circles, the insurance industry is sexy right now. It seems not a week goes by without another startup being announced, some with niche angles such as peer-to-peer distribution, insurance for...
Insurers Provide Cover for German Banks Stashing Billions of Euros
Jun 14 2016 // Europe’s top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives told Reuters. The...
Atlas General Insurance Services, LLC Announces Exclusive New Workers’ Compensation Partnership with Falls Lake Insurance Companies
Jun 14 2016 // San Diego, CA, June 14, 2016 – Atlas General Insurance Services, LLC, a national multi-line program administrator, announced today the addition of an exclusive new workers’ compensation insurance program with Falls...
