Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Allianz Faces Shareholder Grilling over Pimco
May 7 2014 // Top Allianz executives face a grilling on Wednesday from shareholders worried about a wobbly performance at its U.S-based Pimco fund management business. Europe’s biggest insurer has made a strong comeback from the...
Commercial Auto Insurers Still Struggle to Profit: Fitch
May 6 2014 // Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013. According to an analysis by Fitch Ratings, the combined ratio came in at 106 for 2013 compared with 107 for 2012. In a...
Global Insurers Plan to Increase Risk in Portfolios: Goldman Sachs Survey
May 6 2014 // Global insurance firms are embracing risk in their portfolios this year, as they plan to increase allocations to alternative investments such as private equity and infrastructure debt, according to the third annual survey...
Best Reports Competition, Top-Line Growth Affected Saudi Insurers in 2013
May 6 2014 // A report from A.M. Best notes that “Saudi Arabia’s insurance market remains one of the main markets within the Gulf Cooperation Council (GCC), with premiums expected to surpass the United Arab Emirates over the...
Armstrong Appeals to Texas Supreme Court to Halt Insurer Lawsuit
May 5 2014 // Lance Armstrong has asked the Texas Supreme Court to stop a Dallas company from trying to force him to pay back about $12 million in bonuses it paid him for winning the Tour de France. SCA Promotions sued Armstrong last...
Agents’ Dream Come True? Single Password for Multiple Carriers Launched
May 5 2014 // The insurance industry is moving to end the clutter of “sticky notes” with passwords on monitors everywhere with a tool that reduces the need for agencies to keep multiple passwords. A non-profit industry...
Workers’ Compensation Fraud: The Insurance Producer’s Role
May 5 2014 // There are essentially two types of workers’ compensation fraud – premium fraud and claimant fraud – and insurance producers can play a role in the discovery and resolution of both, according to one investigator...
Monster Involved in Insurer-Funded Settlement in California
May 5 2014 // Corona, Calif.-based Monster Beverage Corp. has agreed to settle an ongoing securities class action lawsuit against the company and two of its officers in federal district court in Los Angeles. The settlement, reportedly...
Unhappy Auto Customers
May 5 2014 // Customers who switch auto insurance carriers due to poor service often end up sorry they did because they end up paying more. While a poor experience with their insurer is the leading reason customers shop for, and...
E&O Insights: Don’t Let Insuring Restaurants and Taverns Give You Heartburn
May 5 2014 // Virtually every town in the United States has a restaurant or tavern, so your pursuit of these risks is fairly likely. Unfortunately, at times these types of risks are not the easiest to place. Before you take that first...
10 Challenges Ahead for Workers’ Compensation
May 5 2014 // Today’s challenges are also tomorrow’s opportunities depending on the viewpoint. Those same opportunities could also remain tomorrow’s challenges. This special report highlights 10 current workers’...
Florida Revises Insurer Solvency Review Process
May 4 2014 // The Florida legislature has approved legislation setting out new insurer solvency requirements while also requiring individuals to disclose information about any affiliated company. Sponsored by Senator David Simmons...
Insurance Agents Urged to Follow Overstock.com, Insuritas Online Sales Model
May 2 2014 // Customers of Overstock.com can now furnish their home or office and insure them through the same source. The online retailer this week began selling small business, auto and home insurance along with furniture, rugs,...
How Policies Respond When Buying or Selling an Agency
May 1 2014 // It’s rare to read an industry magazine or attend an industry conference without the topic of mergers and acquisitions coming up. The issues addressed typically include the cost of acquisitions, tax implications,...
Best Affirms State Automobile Mutual and Operating Subs Ratings
May 1 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of State Automobile Mutual Insurance Company and its operating...
Florida House Nixes Shifting Citizens Policies to Surplus Lines
Apr 30 2014 // The Florida House has rejected a proposal that could shift homeowners away from the state-backed Citizens Property Insurance and into private surplus lines insurers. The Florida Senate last week narrowly voted for a...
High Net Worth Carrier PURE Enters California
Apr 30 2014 // Call it a little luck or good timing – maybe a bit of both– but an insurer focused on high net worth individuals has added California to the list of states in which it does business at a time when the number of wealthy...
Walmart Begins Selling Auto Insurance Online
Apr 30 2014 // Walmart has partnered with AutoInsurance.com to offer car insurance to its customers at “everyday low prices.” The new arrangement provides an auto insurance comparison service through the AutoInsurance.com...
Are Bermuda’s Re/Insurers ‘Victims of Their Own Success?’ S&P Report
Apr 30 2014 // Bermuda’s re/insurers “reaped strong earnings in 2013 despite increasing competition, persistently low investment yields, and a tepid economic recovery in the U.S. and Europe,” according to a Standard...
Virtual Privacy Expert Gives Insurers Privacy Tools for Clients
Apr 29 2014 // Data breach software firm ID Experts has partnered with risk management and claims consultant Enquiron to offer the Virtual Privacy Expert, an on-demand website service for insurance carriers looking to provide online...
