Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida’s Citizens’ Plan for Loans to Private Insurers Criticized
Sep 10 2012 // Hurricane-prone Florida’s insurer of last resort, state-run Citizens Property Insurance Corp. on Friday approved a plan to provide up of $350 million in sweetened loans to private companies willing to take over...
Asia’s Insurers Hiring While Bankers Face the Axe
Sep 10 2012 // Slowing economic growth across much of Asia has failed to crimp expansion plans by the region’s insurance companies, even as the rest of the financial industry slashes jobs. While banks and brokerages cut costs and...
Treasury Launches $18 Billion AIG Stock Offering
Sep 10 2012 // The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc., making the government a minority investor for the first time since it rescued the company in the depths of the...
Dodd-Frank Provisions Still Hold Concern for Insurers
Sep 10 2012 // The Dodd-Frank Act of 2010 brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression. It represented a significant change in the...
Tapping the High Net Worth Market
Sep 10 2012 // How Agents and Carriers Can Find Gold in Personal Lines Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so...
Top 25 Workers’ Compensation Insurers Grow Premium 29.8% Based on June 30, 2012 Results Versus June 30, 2011
Sep 10 2012 // Demotech’s review of second quarter 2012 data, as reported by insurers to the National Association of Insurance Commissioners, shows that industry workers’ compensation direct written premiums continued to...
P/C Insurers Show Improved Results Mid-Year: Fitch
Sep 10 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...
Lower Catastrophe Losses Boost P/C Insurers’ Earnings in Q2: Moody’s
Sep 10 2012 // U.S. property/casualty insurers reported significantly higher net income in the second quarter of 2012 relative to 2011, driven by lower catastrophe losses and increased growth in earned premiums, said Moody’s...
A Duty (to Settle) Too Far
Sep 10 2012 // Sometimes, courts should leave well enough alone – and this especially applies to the law that has been developed over decades as to a liability insurer’s duty to settle third-party claims. In the overwhelming...
Analysis: Florida’s Insurers, Reinsurance and Catastrophic Storms
Sep 10 2012 // Since 1996, Demotech has rated most of the homegrown Florida domiciled insurers. Our efforts have focused on the assignment of Financial Stability Ratings® (FSRs) to all financially stable insurers, start-ups as well as...
Fla. Citizens Posts Depopulation Plan
Sep 7 2012 // The depopulation committee of Florida’s Citizens Property Insurance Corp. unveiled a plan yesterday designed to transfer about a third of the state-run insurer’s 1.4 million policies to private insurance...
Private Insurers in Line to Take 150,000 Policies from Florida’s Citizens
Sep 7 2012 // Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens Property Insurance Corp., which would contribute to the greatest shift of policies to the...
Tennessee Agency Hollis & Burns Joins Keystone Insurers
Sep 7 2012 // Memphis, Tenn.-based agency Hollis & Burns Inc. has joined Keystone Insurers Group as Keystone’s sixteenth franchise partner in the state. The announcement was made jointly by Hollis & Burns President Richard...
Report Finds Less than 10% of Global Insurers Using ‘App’ Strategy
Sep 6 2012 // A report by Swiss research company MyPrivateBanking concludes that while the “mobile app revolution” has reached the insurance industry, adoption of the popular technology is “still at a very early stage,...
Aon Benfield, Impact Forecasting Launch Cat Risk Tool
Sep 4 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has launched “ELEMENTS 7, the loss calculation platform from Impact Forecasting, which enables insurers to more...
Insurers Processing Estimated $1.2 Billion in Hurricane Isaac Claims
Sep 3 2012 // Insurance claims from Hurricane Isaac have starting coming in, with one estimate saying losses to insurers could total $1.2 billion. AIR Worldwide, which models losses for insurers, said its best estimate of losses was...
Supreme Court to Review State v. Federal Class-Action Case Involving Insurer
Sep 3 2012 // The U.S. Supreme Court on Friday agreed to consider the constitutionality of a legal tactic that can make it harder for companies to defend against class-action lawsuits, in a case it will review in the term that starts on...
U.S. P/C Insurers Expected to Withstand Isaac: Fitch
Aug 29 2012 // Fitch Ratings anticipates losses related to Hurricane Isaac will be largely borne by primary insurers, but estimates remain uncertain as the storm has yet to make landfall. Isaac is expected to be less powerful than the...
Towers Watson, Hughes Telematics Offer Auto Insurers Usage-Based Service
Aug 28 2012 // Professional services firm Towers Watson is teaming with Hughes Telematics, Inc. (HTI), a Verizon company, to provide U.S. auto insurers with data services for usage-based insurance (UBI) programs. With the alliance,...
‘Hole-in-Won’ Golf Tourney Insurer Charged With Not Paying Up
Aug 24 2012 // A Connecticut businessman who specializes in insurance for golf tournament hole-in-one prizes has been charged in Washington with multiple felonies after repeatedly failing to pay up. Kevin Kolenda, of Norwalk, Conn., was...
