Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Oil Train Catastrophe Risk Weighs on Insurers: Kemp
Jan 28 2014 // In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and...
North Carolina Insurers Stand By 25.3% Home Insurance Bid
Jan 27 2014 // Despite urging by the state’s insurance commissioner that they withdraw their bid, North Carolina homeowners insurers are unlikely to withdraw their request for a 25.3 percent average rate hike. The data supports the...
Global Natural Disasters Cost Insurers $45B in 2013
Jan 27 2014 // In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent below the 10-year average of $200 billion, but above the average 259 events, according to a...
Fastest Growing E&S Carriers in Top 30 Revealed: Fitch Report
Jan 27 2014 // In a year-end report on the U.S. excess and surplus lines market, data compiled by Fitch Ratings revealed that the top growing E&S writers in recent years were not necessarily the biggest. The report, published in...
P/C Insurance Joint Industry Forum: Insurers Say 2014 Will Not Be As Good as 2013
Jan 27 2014 // The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year’s results as insurers begin to face more headwinds, according to...
McKinsey Report Gets It Wrong on Independent Agents
Jan 27 2014 // For decades the experts have been betting against independent insurance agents, yet they keep winning. Why? The consultants, finance guys, and others who populate the skyscrapers on Wall Street discount the power of the...
P/C Direct Premium Written Up 4.1% Through 3Q 2013
Jan 27 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase. At year-end 2012, more than $523 billion of DPW was reported, an all time high for the industry. For 2012, total DPW for all P/C...
Deconstructing Texas Insurance Law: Ewing Confirms Court’s Shift
Jan 27 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...
Wichita, Kansas Denies Insurer’s Claim from Apartment Standoff
Jan 24 2014 // The city of Wichita, Kan., has denied a claim of more than $400,000 from the insurer of an apartment complex that was damaged during a long standoff last summer. Auto-Owners Insurance Co. is seeking $411,411 for damages to...
How to Encourage Private Flood Insurance; Why Delaying Biggert-Waters Is Not the Answer
Jan 24 2014 // New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles...
Report Finds Florida PIP Reforms Helping to Lower Rates
Jan 24 2014 // Florida drivers are starting to see the benefits of a 2012 re-write of the state’s no-fault automobile insurance law as insurers have reduced their personal injury protection (PIP) rates by a statewide average 13.2...
N.Y. Gov. Calls for Medical Bill Dispute Protection
Jan 23 2014 // New York hospital patients would no longer wake from surgery with the bad surprise of big bills from an anesthesiologist outside their insurance networks under legislation unveiled this week by the New York Gov. Andrew...
Reinsurance at Crossroads As New Factors Sweep Away Old Habits
Jan 23 2014 // Part I – The Market in the Developed Economies A significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage. It’s become apparent, however, that this...
Keystone Insurers Group Names Five New ‘Pioneer’ Partners in Illinois
Jan 22 2014 // Keystone Insurers Group named five new franchise partners in Illinois, completing its list of “Pioneer Partners” — the first 10 agencies in the state to join the property/casualty insurance network....
R.I. Regulator Offers Consumer Tips on Winter Weather Claims
Jan 22 2014 // Recent winter storms have already left a path of damage and power outages across the country. When a storm strikes, it’s important to know what to do if the home is damaged or if the insured gets involved in an auto...
New Federal Safety Rules Target Bus, Truck Firms with Repeat Violations
Jan 22 2014 // Intercity bus and truck companies with a continuing history of safety problems will be easier to shut down under regulations published online last Friday by the Federal Motor Carrier Administration, an agency under fire...
South Dakota Panel Endorses Insurance Bills Aimed at Consumer Protection
Jan 21 2014 // A South Dakota legislative panel has approved a package aimed at giving people better protection against unfair practices by insurance companies. The proposals were drafted at Gov. Dennis Daugaard’s request after...
Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR Report
Jan 21 2014 // Florida’s top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates have started to trend downward due in part to the reduction in reinsurance...
Florida Bill Would Restrict Insurers in Underwriting Gun Owners
Jan 17 2014 // Florida lawmakers say they want to protect policyholders’ second amendment rights to bear firearms by preventing insurers from issuing, renewing or canceling a policy based on whether the policyholder possesses a...
Wyoming Hitching Post Owners, Insurer Settle Suit
Jan 17 2014 // An insurance company has reached a confidential settlement agreement with the company that owns The Hitching Post Inn, the landmark Cheyenne, Wyo. hotel that lost its main lodge in an arson fire a few years ago. U.S....
