Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Transportation Network Companies, Uber Liability Gap Worry Insurers
Feb 10 2014 // There’s a growing concern over a gap between personal and commercial insurance where ridesharing services like Uber and Lyft are concerned – and slowly states and cities across the country are taking a look at how...
E&O Insights: How Well Do You Know Your Own E&O Policy?
Feb 10 2014 // As many agents know, there are various standards to which they will be held in the event of litigation. There are also standards to which customers will be held. One of those standards involves a duty the customer has to...
Why Agencies Need to Pay More Attention to Insurer Insolvency
Feb 10 2014 // A myth is sneaking into the industry that insurer insolvency is not as important today. Belief in this myth is important to many entities. A number of companies, agencies and other firms benefit if less attention is paid...
Kansas Insurance Department Seeking to Raise Insurer Fees
Feb 10 2014 // The Kansas Insurance Department is asking the Legislature for permission to raise fees paid by insurance companies because the state has diverted millions of dollars from its regulatory fund for other purposes. Zachary...
Insurer Group: Texas Auto, Homeowner Complaints at a Record Low
Feb 10 2014 // In 2013, Texas drivers and homeowners filed the fewest number of complaints against their insurance companies since the Texas Department of Insurance (TDI) began keeping records, the Insurance Council of Texas...
Study Looks at Options to Depopulate Texas Coastal Wind Insurer
Feb 10 2014 // Loss exposure for Texas’ wind and hail insurer of last resort along the coast increased by around 319 percent between 2005 and 2012 – from $23.26 billion to $74.17 billion, and its policy count grew by...
Texas Rangers Stadium to Be Re-Named for Insurance Company
Feb 7 2014 // The Texas Rangers reached a 10-year deal on Feb. 5 to immediately change the name of their 20-year-old stadium to Globe Life Park in Arlington. Rangers Ballpark is being renamed under an agreement with Globe Life and...
The ‘Switching’ Economy: Consumers Open to Buying Insurance from Google, Amazon, Verizon
Feb 7 2014 // New global research finds that as many as two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying...
Mass. Proposes Corporate Tax for Insurer-Owned Pass-Through Entities
Feb 6 2014 // As part of his administration’s plan for new tax revenues, Massachusetts Gov. Deval Patrick recently proposed applying a corporate tax rate to the state’s “pass-through entities” that are owned by...
Home Insurer Universal P&C to Enter Indiana, Minnesota, Delaware
Feb 6 2014 // Universal Property & Casualty Insurance Co. (UPCIC), headquartered in Florida, has applied to expand into Indiana, Minnesota and Delaware. UPCIC is one of the leading writers of homeowners insurance in Florida and a...
North Carolina Auto Insurers Seek No Rate Change
Feb 6 2014 // North Carolina auto insurers say no rate increase is needed for auto insurance policies in the coming year. Insurance Commissioner Wayne Goodwin said the Department of Insurance has received the annual auto insurance rate...
Towers Watson Releases Analytical Scoring Model for Auto Insurers
Feb 5 2014 // Towers Watson, a global professional services company, has launched DriveAbility 2.0 Score, a new analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with...
UPenn Legal Scholar: FIO Report Is ‘Cautiously Sensible’
Feb 5 2014 // The Federal Insurance Office (FIO)’s recent report on how to improve and modernize insurance regulation has received a range of reactions since its publication in December. Recently a business law scholar at the...
Florida Home Insurer Universal P&C to Enter Indiana, Minnesota, Delaware
Feb 4 2014 // Florida-based Universal Property & Casualty Insurance Co. (UPCIC) has applied to expand into Indiana, Minnesota and Delaware. UPCIC is one of the leading writers of homeowners insurance in Florida and a fully licensed...
Kansas Insurance Department Seeking to Raise Insurer Fees
Feb 4 2014 // The Kansas Insurance Department is asking the Legislature for permission to raise fees paid by insurance companies because the state has diverted millions of dollars from its regulatory fund for other purposes. Zachary...
Ironshore’s Australian Sub to Buy Specialist Insurer Assetinsure
Feb 4 2014 // Bermuda-based Ironshore Inc. announced that its Australian subsidiary has entered into an agreement to purchase all of the shares of Assetinsure Holdings Pty Ltd, the parent company of Assetinsure Pty Ltd (collectively...
Deconstructing Texas Insurance Law: Ewing Confirms Court’s Shift
Feb 3 2014 // On Jan. 17, 2014, the Texas Supreme Court in Ewing Construction Company v. Amerisure Insurance Co. issued another surprising and controversial decision in a construction defect coverage case. For many years the Texas...
Insurer to Give Away $1.5M in Twitter Contest
Feb 3 2014 // Direct car insurance provider Esurance is giving consumers a chance to win $1.5 million in a Twitter sweepstakes. Actor John Krasinski announced Esurance’s Twitter sweepstakes in a television commercial that aired on...
Insurer Group: Texas Auto, Homeowner Complaints at a Record Low
Feb 3 2014 // In 2013, Texas drivers and homeowners filed the fewest number of complaints against their insurance companies since the Texas Department of Insurance (TDI) began keeping records, the Insurance Council of Texas...
Best Affirms Mercury General and Subs Ratings; Outlook Stable
Feb 3 2014 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the insurance entities within the Mercury Casualty Group Best also...