Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Independent Agents Drawn to Tablet Applications: Channel Harvest
Jul 29 2014 // Many independent insurance agents say that tablet devices are going to be more important in the next couple of years — particularly for sales presentations and accessing carrier-based training. This is among the many...
New IFRS Standard to Significantly Change Insurers’ Financial Reports: A.M. Best
Jul 29 2014 // “The emerging international accounting standard for insurance contracts will change the data that form one part of the material used by A.M. Best in the insurance sector,” the rating agency said in a Special...
Federated National Launching Another Florida Home Insurer, Monarch National
Jul 28 2014 // Florida homeowners’ insurer Federated National Holding Co. and the Canadian bank and investment manager C.A. Bancorp Inc. have agreed to form a new Florida-based homeowners insurance carrier to be named Monarch...
Missouri Makes Insurer Filing Records Available to Public Online
Jul 25 2014 // The Missouri Department of Insurance announced the implementation of a new online tool that allows consumers to view insurance company filing records. Missouri becomes the fifth state to use SERFF Filing Access (SFA) to...
Insurers File for 9.1% West Virginia Workers’ Compensation Loss Cost Decrease
Jul 25 2014 // The National Council on Compensation Insurance (NCCI) has filed a proposed reduction in workers’ compensation loss cost rates in West Virginia – the tenth reduction in 10 years. NCCI, West Virginia’s rating...
AIG Identified As Lead Insurer in Taiwan Plane Crash
Jul 24 2014 // American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwan’s Magong airport, according to Aon Plc, a broker that tracks the market for aviation...
American Claims Management Now Managing GL & Excess Claims For Golden Insurance Company Risk Retention Group
Jul 24 2014 // San Diego, CA, 07/24/14 – National third party administrator (TPA) American Claims Management, Inc. (ACM) was chosen by Golden Insurance Company Risk Retention Group (RRG) to manage its general liability and excess...
Insurers Overemphasizing Digital Service Risk Alienating Customers: Bain
Jul 24 2014 // Global top performers in the high-churn personal insurance industry win over customers with consistent outreach that relies on multiple channels for customers to connect including phone, internet or face-to-face. However,...
Bond Insurers: Fight Against Detroit Bankruptcy Plan to Continue
Jul 23 2014 // Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the...
Chairman Says Vietnam Insurer PVI Holdings 1st Half Profit to Beat Forecast
Jul 23 2014 // PVI Holdings, Vietnam’s second- largest listed insurer, forecast first-half earnings will beat its target by 19 percent, buoyed by an increase in non-life- insurance revenue. After-tax profit for the first six months...
Florida Frets That With Proposed Rate Cut, Citizens Could Be Too Competitive
Jul 22 2014 // Florida’s state-backed property insurer’s proposed rate reduction is raising questions about whether it will make the insurer competitive with the private market. Citizens Property Insurance Corp. recently...
Airlines Shocked by Jet Attack; Ask Why No-Fly Zones Are So Rare
Jul 22 2014 // A universal no-fly area declared in eastern Ukraine after the downing of Malaysian Air Flight 17 is a rare restriction currently shared only with North Korea, prompting airlines including Deutsche Lufthansa AG to question...
Insurer Says OK to Settlement in Wrongful Death Suit Against Hawaii Driver
Jul 21 2014 // A $1.1 million settlement has been reached in a wrongful death lawsuit involving the death of a 26-year-old pedestrian. The settlement came in a civil lawsuit against Robert Wayne Yount, 83, and the civil case will be...
P/C Insurers’ Profit Dipped in Q1
Jul 21 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net gains...
Iowa Agent Sentenced to 41 Months for Defrauding Insurers
Jul 21 2014 // A former Des Moines, Iowa, insurance agent was sentenced to 41 months in prison for insurance fraud. Melissa Ilene Williams, of Dike, Iowa, also was ordered to pay restitution for fabricating and submitting life insurance...
South Carolina Windpool Shrinks as More Insurers Go Near Water
Jul 21 2014 // More private insurers are selling wind coverage to South Carolina coastal property owners, leading to a decline in the population of the state’s windpool, the South Carolina Wind and Hail Underwriting...
Insurance Trade Agreements Are Good for Consumers and Markets
Jul 21 2014 // David SnyderYou can be sure critics are already getting ready to pounce on a preliminary draft of the financial services section of the Trade in Services Agreement (TiSA), invoking the usual rhetoric about the evils of...
Independent Agents Drawn to Tablet Applications
Jul 21 2014 // Many independent insurance agents say that tablet devices are going to be more important in the next couple of years – particularly for sales presentations and accessing carrier-based training. This is among the many...
Peremption for Me, But Not for Thee
Jul 21 2014 // The Difference Between Insurance Agents and the Insurers They Represent Hurricane season 2014 had barely begun when Hurricane Arthur formed and wreaked havoc along the East Coast during the 4th of July weekend. Whether the...
ISO Comments on CGL Endorsements for Data Breach Liability Exclusions
Jul 18 2014 // As data breaches become more prevalent in the workplace, ISO, a member of the Verisk Insurance Solutions group at Verisk Analytics in Jersey City, N.J., has been taking steps to constrain commercial general liability...
