Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Windstorm Insurer Activates CAT Plan
Sep 14 2018 // With a tropical disturbance in the Gulf of Mexico and Tropical Depression Isaac located east of Mexico’s Yucatan Peninsula and heading west, the Texas Windstorm Insurance Association (TWIA) has activated its CAT...
Order for Insurer to Pay Men Wrongfully Convicted in Nebraska Tossed on Appeal
Sep 14 2018 // A federal appeals panel has reversed a judge’s 2016 ruling that Douglas County, Nebraska’s insurance carrier must pay $5 million to two men wrongfully jailed in the killings of a Murdock couple. Nick Sampson...
Wind, Storm Surge Losses from Florence Could Reach $5B; Top 10 Insurers Affected in Carolinas
Sep 14 2018 // This enhanced satellite image made available by NOAA shows Hurricane Florence off the eastern coast of the United States on Wednesday, Sept. 12, 2018 at 5:52 p.m. EDT. (NOAA via AP) Hurricane Florence was downgraded to a...
Campaign Calls on U.S. Insurers to Reject Fossil Fuels
Sep 13 2018 // A handful of consumer and climate groups are calling on the insurance industry to ditch fossil fuels as part of a new campaign called Insure Our Future. The entreaty came on the eve of this week’s Global Climate...
Virginia Insurers ‘Actively Preparing’ for Florence; State’s Top 10 Home Insurers
Sep 13 2018 // The Virginia Bureau of Insurance says it is “confident that insurers are actively preparing for this storm” as the potential impact of Hurricane Florence is anticipated in the state. “The Bureau’s...
North, South Carolina Insurance Chiefs Ready for Hurricane Florence
Sep 13 2018 // Hurricane Florence could be one of the largest storms to hit the Carolinas in decades and state insurance officials say they are ready for whatever it will bring to their regions. In interviews with Insurance Journal on...
Insurers Forecasting Significant Claims from Businesses from Hurricane Florence
Sep 12 2018 // Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more...
GC Genesis, Guy Carpenter’s Insurer-Insurtech Matchmaker, Aims to Prevent Bad Relationships
Sep 11 2018 // Insurtech is often touted as the cure that will solve the insurance industry’s inefficient and antiquated processes – from distribution, to underwriting, to claims. While many insurers want to investigate the...
Could Hurricane Florence Cost Insurers $20 Billion?
Sep 11 2018 // Here’s some grim back-of-the-envelope math for insurers: Hurricane Florence may wreak $15 billion to $20 billion in covered losses from wind and coastal storm-surge, if the past is any guide, according to catastrophe...
How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s
Sep 10 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...
Washington Fines Insurance Providers, Including T-Mobile, for Illegal Rebates
Sep 10 2018 // Washington Insurance Commissioner Mike Kreidler issued fines in July totaling $115,050 against insurance companies, agents and brokers for reported violations of state insurance regulations. The alleged violators and their...
The Lowdown: Top Private Flood Carriers, High Tides, Storm Surges & More
Sep 9 2018 // As I watch the daily tracking of Hurricane Florence and anticipate its potential destruction, I am compelled to revisit this June blog post and share it with you once again. In the words of Peter Criss, “I...
Aon Creates $350M of Cyber Capacity, Launches New Solution for Silent Cyber
Sep 7 2018 // Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent cyber* solution. Aon’s silent cyber solution is designed to partner with carriers in their...
Tokio Marine Buys Minority Stake in S. Africa Insurer Hollard for African Foothold
Sep 7 2018 // Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to help both companies expand through Africa. Tokio Marine will pay 5 billion rand ($327...
Staffpak Announces New Carrier Partner For Staffing Agency and PEO Programs
Sep 6 2018 // Dallas, TX, September 6, 2018— U.S. Risk’s StaffPak program has partnered with program-driven Markel Specialty to offer property and casualty coverage to the staffing and PEO industries. Markel will provide...
South Carolina Insurer Data Security Law Should Be Nationwide Role Model
Sep 5 2018 // In October 2017, the National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Bill, also known as the NAIC “Model Law.” NAIC’s Model Law seeks to establish a...
Keystone Insurers Group Adds 2 New Michigan Agencies
Sep 4 2018 // Keystone Insurers Group has named Shoreline Insurance of Muskegon and Combined Insurance Agencies of St. Joseph to its growing community of partners in Michigan. Since 1976, Shoreline Insurance has served clients in the...
Selective Insurance Company of America Promotes Cunniff, Bradley
Sep 4 2018 // Selective Insurance Company of America, a subsidiary of Branchville, N.J.-headquartered Selective Insurance Group Inc., has appointed Christopher Cunniff to senior vice president of actuarial reserving and Ryan Bradley to...
French Reinsurer SCOR Spurns $9.6B Acquisition Offer from Insurer Covea
Sep 4 2018 // French reinsurer SCOR SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. SCOR shares climbed the most in...
California’s 1st Cannabis Insurer Expands Coverage
Sep 3 2018 // California Insurance Commissioner Dave Jones approved a filing from Golden Bear Insurance Co. amending its California Cannabis program product to lower rates, expand coverage options, and expand the classes of business...
