Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How Strong Is Florida’s ‘Revived’ Homeowners Market?
Sep 11 2014 // As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state insurance companies with...
Baloise Shopping for Insurers at Home and Abroad in Europe
Sep 11 2014 // Martin Strobel, CEO of Baloise Holding AG, said the insurance company may consider buying firms in Switzerland, Germany, Belgium and Luxembourg. “If more opportunities arise in our core markets we will examine...
Bankrupt Detroit, Bond Insurer Reach Agreement
Sep 10 2014 // Detroit and Syncora Guarantee Inc. reached an agreement in their dispute over claims in the city’s $7 billion debt-reduction program that the two sides said may “profoundly alter” the city’s...
Goldman Leads Wall Street Tapping Taiwan Cash Pile
Sep 10 2014 // Wall Street banks, including Goldman Sachs Group Inc. and Citigroup Inc., are rushing to issue U.S. dollar bonds in Taiwan after a rule change unlocked $586 billion of funds held by the island’s insurance...
High on Marijuana Insurance
Sep 8 2014 // Specialty brokers looking to get insurers hooked on emerging industry The legal marijuana industry in the United States is experiencing tremendous growth. Legal cannabis markets in the United States are expected to grow...
Why Independent Agents Should Take Advantage of a Higher Standard of Care
Sep 8 2014 // I’ve had many independent agents (IAs) vent, fume, exclaim, yell, scream, curse and express total exasperation at losing an account because a captive or direct writer undercut the price while promising speculative...
Surplus Carriers Search for Growth Never Ends
Sep 8 2014 // In 2013, net income more than doubled from the $1.57 billion reported in 2012, according to the “2013 U.S. Surplus Lines Market Review” published by A.M. Best. Not resting on their laurels, surplus lines...
Near National P/C Carriers Identified for 2014
Sep 8 2014 // The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11...
Usage-Based Insurance Overcoming Privacy Concerns, Gaining Traction
Sep 5 2014 // Consumers as well as commercial fleet managers are becoming more accepting of usage-based insurance (UBI) in which a telematics device is used to track driving behavior as safety and savings benefits appear to be trumping...
Detroit Bond Insurer to Judge: Debt Plan Causes ‘Serious Mayhem’
Sep 5 2014 // Detroit’s proposal to exit its record municipal bankruptcy by paying retirees more than bond investors will cause “serious mayhem,” an attorney for the plan’s opponents told a judge. Marc...
Tennessee’s Bradshaw Insurors joins Keystone Insurers Group
Sep 4 2014 // Bradshaw & Company Insurors of Dyersburg is Keystone Insurers Group’s newest franchise partner in Tennessee. The agency offers auto, home, business, farm, life and health insurance. Bradshaw & Co. was...
Florida’s Citizens No Longer ‘Out of Control,’ Says Exec Defending Rate Cut
Sep 2 2014 // Its successes in reducing its insured population and securing low cost catastrophic coverage are driving the request by Florida’s state-backed property insurer for a statewide average 2.9 percent decrease on...
Tantrums, Concubines, Hotpot Burns, Smog: China Insurers Have it Covered
Sep 2 2014 // Your child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer...
EU Insurers Say New Rules Hurt $11.2 Trillion Investment Role
Sep 2 2014 // Insurers in Europe, which manage about €8.5 trillion ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for insurers in the European Union,...
Cyber Attacks on Banks Color Terrorism Insurance Renewal Debate
Sep 1 2014 // Bankers and U.S. officials have warned that cyber-terrorists will try to wreck the financial system’s computer networks. What they aren’t saying publicly is that taxpayers will probably have to cover much of...
Insurers on U.S. Financial Oversight Council Agenda for Next Week
Aug 29 2014 // The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday. The Financial Stability Oversight Council...
Mass. DOI: Insurers Received Over 1,300 Claims From Revere Tornado
Aug 27 2014 // The Massachusetts Division of Insurance (DOI) said the state’s insurers have so far received more than 1,300 claims from a rare tornado that ripped through the coastal city of Revere on July 28. The DOI said...
Keystone Insurers Group Adds Georgia’s Moore Insurance Agency
Aug 27 2014 // Keystone Insurers Group has added Perry, Georgia-based Moore Insurance Agency as its 18th franchise partner in the state. The announcement was made by Moore Insurance Agency President Mike Moore and Keystone’s...
German Insurers Weigh Funding to Plug Merkel Infrastructure Gap
Aug 27 2014 // Germany’s insurers said they may back a government call to invest in infrastructure to help cover an annual €7 billion ($9.23 billion) taxpayer shortfall to repair roads and bridges. The GDV, the Berlin-based group...
R.I. Lowers Assessment Rate for Workers’ Comp Insurers to 6.65%
Aug 25 2014 // The Rhode Island Department of Labor and Training (DLT) announced last week that it has cut the administrative assessment rate charged to insurance companies providing workers’ comp coverage in Rhode Island. For...
