Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Excess and Surplus Coverage From Prime Insurance Company Now Available in California
Aug 20 2018 // Chicago, IL, August 20, 2018 — Prime Insurance Company, a leader in excess and surplus lines insurance, announced today that it has been added to the List of Approved Surplus Line Insurers in California. Prime can now...
Spokesman: City’s Insurer, not Kansas Family’s, Paid for Broken Sculpture
Aug 20 2018 // An Overland Park, Kansas, official admits he was mistaken about who paid for a $132,000 sculpture at the city’s community center that was damaged by a young boy. City spokesman Sean Reilly said in July that the...
Waterloo, Iowa, Rejects Plan to Bill Insurers for Emergency Response
Aug 20 2018 // Waterloo (Iowa) Fire Rescue’s proposal to bill insurance companies for its emergency response costs has been rejected. City council members have voted 5-2 against the plan that would seek payments for the...
Pennsylvania Warns Consumers, Insurers About Rising National Auto Theft Rates
Aug 20 2018 // Pennsylvania Insurance Commissioner Jessica Altman has reminded drivers to take precautions to prevent auto theft, as a recent report shows the rate of car theft nationally rose by more than four percent in the first half...
101 Sales & Marketing Ideas for Agencies
Aug 20 2018 // 1. RTSP! Read the Stinkin’ Policy! Don’t guess about coverage. Your prospects and clients depend upon you and your knowledge. When in doubt…read the stinkin’ policy! Too often agents rely upon what...
When Small Business Needs Specialty Insurance
Aug 20 2018 // Small business used to be associated with small exposures — simple business risks addressed with simple insurance products. However, changing customer needs and expectations, technology advancements, new regulations...
Getting Personal in Today’s High Net Worth Market: PURE Group
Aug 20 2018 // The personal lines market gets very personal in the high net worth segment, according to one of the market leaders. PURE Group of Insurance Companies’ Chief Claims Officer Michael Taylor says that to excel in this...
Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best
Aug 17 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
Why Insurers Should Love, Not Fear, Amazon: Viewpoint
Aug 16 2018 // Whenever Amazon.com Inc. eyes expansion into a new industry, the stalwarts of that space shudder. A Reuters report on Thursday that the e-commerce giant has been talking to insurers about introducing a price comparison...
Amazon Weighs Formation of UK Insurance Comparison Website: Reuters
Aug 16 2018 // Amazon.com Inc is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the...
New Florida Insurtech Agency HoneyQuote Looks to Shake-Up Agency Model
Aug 16 2018 // A new insurtech agency has entered the Florida homeowners market space with a rating engine offering quotes from multiple domestic carriers and the ability to purchase coverage in one transaction. HoneyQuote.com, launching...
Insurer for Missouri City Must Pay $5.3M to Man with Overturned Conviction
Aug 15 2018 // A judge has ordered a former insurance carrier for the city of Columbia to pay $5.3 million to a man who served 10 years in prison before his conviction for killing a sports editor in Columbia was thrown out. The Columbia...
Extraordinary Re’s Extraordinary Idea for Trading Insurance Risks Like Stocks
Aug 15 2018 // Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a...
Workers’ Compensation Insurers Face Rise in Motor Vehicle Accidents
Aug 14 2018 // Although there has been an overall decline in workers’ compensation claims, the frequency of claims for motor vehicle accidents has increased in recent years. According to the National Council on Compensation...
How Agent and Carrier Relationships Are Changing in a Customer-Centric World
Aug 14 2018 // Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more product options and more...
UK Insurer ESure Receives $1.5 Billion Offer from Bain Capital
Aug 13 2018 // ESure Group Plc has received an unsolicited offer of about 1.17 billion pounds ($1.5 billion) from Bain Capital Private Equity LP as private equity firms seek to consolidate the insurance industry. The offer of about 280...
China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap
Aug 13 2018 // China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year on R&D. Last year, it attracted 46 million new customers, equivalent to the...
City in Iowa Rejects Plan to Bill Insurers for Emergency Response
Aug 9 2018 // Waterloo (Iowa) Fire Rescue’s proposal to bill insurance companies for its emergency response costs has been rejected. City council members have voted 5-2 against the plan that would seek payments for the...
Barbados Ex-Minister Charged in U.S. with Laundering Bribes from Insurer
Aug 9 2018 // A former minister in the government of Barbados has been criminally charged in the United States with laundering bribes he received from a Barbadian insurance company, federal prosecutors said on Monday. Donville Inniss,...
CCC Introduces CCC™ OEM Care with Participation from Eight OEMs
Aug 9 2018 // Solution suite enables collision repairers, insurers, and auto manufacturers to collaborate on safe, quality repairs. Chicago, IL, August 9, 2018 – CCC Information Services Inc. (CCC) announced today the availability of...
