Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Massachusetts Insurance Agents, Carriers Helping Their Towns Get Back to Normal After Gas Explosions
Sep 25 2018 // As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as...
Court Upholds California Commissioner’s Regulatory Actions Against PacifiCare
Sep 21 2018 // A three-justice panel of the California Court of Appeal, 4th Appellate District, gas upheld Insurance Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations, which prescribe how insurance companies...
The State of NAIC’s Data Security Model Law
Sep 21 2018 // Powered by InsuranceJournal.tv Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert...
Former Insurance Company Exec Named Chief Actuary at Oklahoma Insurance Dept.
Sep 20 2018 // Andrew Schallhorn has been appointed as chief actuary at the Oklahoma Insurance Department (OID), effective Sept. 24. Schallhorn formerly was president of Reserve National Insurance Co. In a departmental press...
Members of Assn. of Bermuda Insurers & Reinsurers Provide $840M to Local Economy
Sep 20 2018 // Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey...
Banks and Insurers Have Improved Their Cyber Defenses
Sep 20 2018 // Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture,...
Florida Appeals Court Deals Insurers a Win in AOB Fight with Policy Language Ruling
Sep 20 2018 // In a significant turn of events in the insurance industry’s fight against Florida assignment of benefits (AOB) abuse, Florida’s Fourth District Court of Appeal (DCA) has ruled that an insurer’s...
Why Small Mutual P/C Insurers, Insurtechs May Need Each Other: A.M. Best
Sep 19 2018 // Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual property/casualty insurance companies continue to face...
Global Insurers in Mood to Take on New Investment Risks
Sep 18 2018 // Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment advisor BlackRock. Almost half (47%) of insurers surveyed plan...
Insurer Fights Paying $5.3M to Man Wrongly Convicted in Missouri
Sep 17 2018 // A former insurance carrier for the city of Columbia, Missouri, is appealing a ruling that it owes $5.3 million to a man who served 10 years in prison before his conviction for killing a sports editor in Columbia was thrown...
Can Home Insurers Keep Customers as Happy as Insurtechs?
Sep 17 2018 // Homeowners insurance companies are faring rather well when it comes to customer satisfaction. Consultants at J.D Power think the carriers’ investments in improved digital channels and bundled products that combine...
A.M. Best Sees Recent Floods Having Limited Effect on India’s Insurers’ Ratings
Sep 17 2018 // A.M. Best said it does not expect flooding in the Indian state of Kerala to have a significant impact on the balance sheet strength of rated Indian non-life insurers; however, the losses may add to the unfavorable...
South Carolina Issues Hurricane Florence Data Call, Emergency Order to Insurers
Sep 17 2018 // The South Carolina Department of Insurance has issued two Hurricane Florence-related notices to all property and casualty insurers doing business in the state. SCDOI Director Ray Farmer issued an emergency regulation...
San Francisco May Screen Insurers for Their Fossil Fuels Investments
Sep 17 2018 // The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels. In July, the board voted...
Agencies Focus on Growing Larger Accounts: Channel Harvest Survey
Sep 17 2018 // Independent agents and brokers are focusing on growing the average size of their commercial lines accounts, according to “Agent Voices 2018,” a report based on a survey conducted earlier this year and...
High Customer Expectations Leads to New Challenges for Insurance Satisfaction
Sep 17 2018 // Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their overall customer experience is being tested by the rising cost of auto insurance. For...
More Super Regional P/C Carriers Ready to Dive Into Specialty Lines
Sep 17 2018 // There’s Opportunity in Unusual and Emerging Risks, Sullivan Tells Carriers The current economic and business wave presents property/casualty insurance carriers with opportunities to expand or differentiate themselves...
Managing the Retail Agent’s Risk in Surplus Lines
Sep 17 2018 // While it is common for retail agents to turn to E&S wholesalers for help, there are several reasons they should carefully consider which wholesalerto call upon and how they submit business, according to Bobbie Duke,...
How New Business Is Creating a New Wholesaler-Retailer Relationship
Sep 17 2018 // An influx of new business is presenting surplus lines wholesalers and their retail partners with new opportunities to work together even as other forces are changing how they work together. The surplus lines insurance...
How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s Investors Service
Sep 17 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...
