Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Beyond Nassar: Michigan State University Assessing Insurance Options
Mar 8 2019 // Michigan State University continues to explore its insurance coverage options with regard to sexual assault or molestation claims brought against the school after rejecting renewal coverage offered by its long-term...
Credit Rating Downgrades on U.S. P/C Insurers Doubled in 2018, Says A.M. Best
Mar 6 2019 // Credit rating downgrades in the U.S. property/casualty (P/C) insurance segment more than doubled year over year in 2018, reversing a trend of annual declines since 2014, according to a new A.M. Best report. The report says...
Fix Assignments of Benefits Now
Mar 6 2019 // I recently received an email from a Florida “snow bird”. If you’re not familiar with the term, it refers to people who make their home in two places. In the warm months, they make their homes in northern...
The Lowdown: Renewals Rates & Client Strategies – Date & Time Change
Mar 5 2019 // Notice: There has been a date and time change since the original publishing. If making use of market insights is not among your strong suits, you’re not alone. So where do you obtain the latest rate information to...
Industry Eyes Renewal of U.S. Terror Reinsurance and Alternatives Should Congress Fail
Mar 5 2019 // U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The program, which expires at...
Report: Insurers in Texas Provide Security, Investment and Jobs for Texans
Mar 4 2019 // A new report shows the impact of the insurance industry in Texas and the contributions it makes to the state. In addition to providing financial security and helping manage risk for Texans in all walks of life, insurance...
Lyft, Uber Shift Some Risk to Captive Insurers
Mar 4 2019 // Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft...
Small Business Owners Don’t Trust Commercial Insurance Buying Process: Accenture
Mar 4 2019 // Small commercial insurers aren’t giving their client base what they want — a simple and easy purchase experience. Whether online or through an agent, business owners are left confused, frustrated and having to...
Insurer Hit With $102K Fine for Selling Illegal NRA-Branded Policies
Mar 4 2019 // Illinois Union Insurance Co. has paid a $102,000 fine after Washington Insurance Commissioner Mike Kreidler ordered the company to cease underwriting self-defense policies branded by the National Rifle Association. After...
The $900 Billion Auto Aftermarket: Where Total Losses Turn Into Big Gains
Mar 1 2019 // Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and transmissions. On this February...
UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit
Mar 1 2019 // British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit. The Bank of England and Britain’s...
Will 7th Time Be the Charm? Industry Makes Big Push for AOB Reform in 2019
Feb 28 2019 // The push for assignment of benefits (AOB) reform in the 2019 Florida legislative session is in full swing, and the insurance industry and consumer advocates have pulled out all the stops to emphasize their contention that...
Insurer Group Warns on Property Losses Due to Climate Change
Feb 27 2019 // Insurers are increasingly worried that rising temperatures will lead to a slump in property values that could spark broader financial turmoil. Those were the conclusions a group run out of the University of Cambridge...
How High-Pressure Insys Prescription Call Center Lied to Insurers to Sell Opioids
Feb 26 2019 // The goal for Insys Therapeutics Inc.’s call center in Phoenix was simple: persuade insurers to authorize at least 70 prescriptions a week of its expensive opioid spray. Workers would get bonuses for surpassing the...
Agents, Brokers and the Future of Insurance Distribution
Feb 26 2019 // A funny thing is happening on the way to the future. As consumers’ and carriers’ behaviors, attitudes and expectations have been changing, independent agents are evolving to better serve both customers and...
China Regulator Tells Banks, Insurers to Do More for Private Firms
Feb 25 2019 // China’s banking and insurance regulator said on Monday it had told all of the country’s banks to sharply increase lending to private companies, as policymakers step up support for the slowing economy. Big...
Belgium’s Ageas Acquires 40% Stake in Indian Non-Life Insurer RSGI
Feb 25 2019 // Brussels-based insurer Ageas has acquired 40 percent of the share capital of the Indian Non-Life insurance company Royal Sundaram General Insurance Co. Limited (RSGI) for a total cash consideration of €185 million...
Built on Organic Growth, S. African Insurer Discovery Now Weighs M&As
Feb 21 2019 // South African insurer Discovery could expand through acquisitions in the future but must first work out how its innovative fluctuating premiums, based on clients’ lifestyle behaviors, could be applied to more...
Insurers Shy Away from ETFs Even After Rule Change
Feb 21 2019 // Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren’t using ETFs more than a year after...
Insurer Hit With $102K Fine for Selling Illegal NRA-Branded Policies
Feb 20 2019 // Illinois Union Insurance Co. has paid a $102,000 fine after Washington Insurance Commissioner Mike Kreidler ordered the company to cease underwriting self-defense policies branded by the National Rifle Association. After...
