Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurance Journal East’s Top Stories for 2018: Tax Cuts & Jobs Act, Auto Insurance, Mass. Gas Explosions
Dec 31 2018 // As Insurance Journal looks back on the most popular stories of 2018, its readers in the East region showed interest in a variety of topics from auto insurance to the September gas explosions in Massachusetts to state...
Florida Regulator Calls on Insurers to Handle Hurricane Michael Claims
Dec 31 2018 // Florida Insurance Commissioner David Altmaier is urging Florida insurers to close the more than 42,000 Hurricane Michael claims that remain open nearly three months after the storm. In a Dec. 19 memorandum to all property...
Insurance Journal Southeast’s Top Stories for 2018: Fraud, Hurricanes, Data Security Law
Dec 31 2018 // It was a busy year in the Southeast with two major hurricanes that wreaked havoc on the region, an escalating insurance crisis in Florida, and a new industry-specific cybersecurity law in South Carolina that takes effect...
Commercial Auto: An Old Dog Up to New Tricks
Dec 28 2018 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the last 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Most Insurers to Increase Payments to California Wildfire Victims Without Itemization
Dec 28 2018 // California Insurance Commissioner Dave Jones said this week that most insurers were following a notice he issued requesting that residential property insurers provide at least 75 percent and up to 100 percent of contents...
UK Watchdog’s Fines Against Insurers, Banks Drop by 75% in 2018
Dec 28 2018 // The total value of fines handed out by the U.K.’s Financial Conduct Authority fell by almost 75 percent in 2018, after a bumper year in which it had secured penalties against the likes of Deutsche Bank AG, Merrill...
Plymouth Rock to Acquire MAPFRE Insurance Company of New York
Dec 27 2018 // The New York State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty...
P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1
Dec 27 2018 // Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect Jan. 1, 2019. The combined organization is set to have a new name, the...
20 Indicted in Washington for Staging Crashes to Defraud Auto Insurers
Dec 21 2018 // Twenty people have been indicted by a grand jury in Spokane, Wash., for allegedly staging vehicle crashes to defraud insurance companies. Defendants are accused of deliberately staging a series of automobile, boating,...
California Commissioner Pushing Insurer Fossil Fuel Divestment to The End
Dec 20 2018 // California Insurance Commissioner Dave Jones continues to push the fossil fuel divestment hot button right to the end of the year and his tenure as the state’s head insurance regulator. Jones this week released the...
Assessing Wildfires’ Impact on P/C Insurers’ 2018 Results
Dec 20 2018 // Fitch Ratings said it expects the November wildfires in California to have some but not great impact on property/casualty insurers’ year-end results and it anticipates limited or no rating actions due to the fires....
Most UK Insurers, Banks, Financial Firms Will Lose EU Access with No-Deal Brexit
Dec 20 2018 // Most banking, insurance and other financial firms in Britain would be cut off from the European Union if there is a no-deal Brexit, the bloc’s executive body said on Wednesday. Financial services are Britain’s...
Japan’s Post Holdings Buys 7% of Insurer Aflac
Dec 19 2018 // Japan Post Holdings Co. Ltd. on Wednesday said it will buy 7 percent of U.S. insurer Aflac Inc. for about $2.4 billion, as the postal and financial conglomerate seeks new profit-drivers to counter weak growth...
UK Household Insurers, Banks Face Action for Overcharging Customers
Dec 19 2018 // Providers in the U.K.’s markets for cash savings, mortgages, insurance, mobile phone contracts and broadband are burdening customers with a “loyalty penalty” of around 4 billion pounds ($4.4 billion) a...
Gold Becomes First Female CEO of Insurors of Tennessee
Dec 19 2018 // Insurors of Tennessee named Ashley Gold as CEO of the organization, effective Jan. 1, 2019. Gold currently serves as general counsel for the trade association – which represents independent insurance agents in the state...
EU Regulator Says Insurers Pass Stress Tests
Dec 17 2018 // Europe’s biggest insurers successfully withstood the latest tests of their ability to cope with severe market shocks, the European Union’s insurance watchdog said on Friday. The European Insurance and...
Fitch Sees U.S. P/C Insurers Reducing Investments in Hedge Funds
Dec 17 2018 // U.S. property/casualty insurers’ investment position in other alternative investments as reported is concentrated within a few large insurers and is relatively stable as a percentage of invested assets for the last...
Hurricane Michael Recovery Goes On for Florida Agents
Dec 17 2018 // The page has finally turned on the tumultuous 2018 hurricane season, but for the agents who live and work in the Florida Panhandle, the story isn’t over – personally or professionally. “We all still feel...
State Specialist P/C Carriers Identified for 2018
Dec 17 2018 // The Demotech Company Classification System categorizes insurers into one of 11 categories created by Demotech based on the analysis of data reported by companies to the National Association of Insurance Commissioners...
People
Dec 17 2018 // Reliance Partners, which specializes in commercial insurance, added Brandon Richards as chief sales officer and opened a new office in Austin, Texas. Richards is a veteran insurance professional with more than 17 years in...
