Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Report Says Record Number of Data Breach Notices Filed in New York in 2017
Jun 18 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
New Jersey Reminds Residents, Insurance Companies to Prepare for Hurricane Season
Jun 18 2018 // The New Jersey Department of Banking and Insurance is urging the insurance and banking companies it regulates, as well as New Jersey residents, to prepare now for hurricane season, which officially began June 1. All Garden...
I.I.I. on How Insurance Boosts Economy, Communities and Innovation
Jun 18 2018 // While consumers understand insurance as protection against financial loss, the industry’s contribution to the economy goes much further. A white paper from the industry’s Insurance Information Institute argues...
Autonomous Cars to Bring Shift But Not Big Decline in Insurance: Report
Jun 15 2018 // It turns out robots need insurance too. As driverless vehicles reduce car ownership in coming years, insurers may not face the Armageddon that had been predicted, new research shows. “We do not expect revenues for...
Insurtech Can Help Agents, Brokers Build Their Businesses: Furtado of Ratehub.ca
Jun 15 2018 // In today’s increasingly digital world, consumers expect to be able to access online information on insurance products, compare prices and carrier options, and apply for coverage using a simple and efficient...
MGA Volante Obtains US$900M in Capacity to Support 9 Global Underwriting Teams
Jun 14 2018 // Volante Global Ltd., the new international managing general agent (MGA) platform, has successfully secured a US$900 million gross premium, multi-class, multi-territory “A+” capacity treaty agreement. The...
Insurers’ Big Data Plans Could Fail if They Don’t Get Basics Right: Mair of Atticus DQPro
Jun 13 2018 // Executive summary: Many major insurers still rely on manual or semi-automated data quality checks, which are time consuming, costly and have a high margin for error. As a result, before they pursue advanced data projects...
S.C. Supreme Court: Defense Counsel Can Be Sued for Malpractice by Insurer
Jun 13 2018 // The South Carolina Supreme Court recently opined that an insurer can sue an attorney it hired to defend its policyholder for malpractice. The high court in the case of Sentry Select Insurance Company v. Maybank Law Firm,...
Insurer Planning to Wed Couple Inside Driverless Vehicle in Vegas
Jun 12 2018 // AAA Nevada is hoping to set a world record by throwing what is believed to be the first wedding held inside a driverless vehicle. The Las Vegas Review-Journal reports would-be brides and grooms can submit an online essay...
Malaysia Likely to Review Rules Requiring Cut in Foreign Insurance Ownership: Sources
Jun 12 2018 // Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people familiar with the...
Injury Lawyers Chasing Scooter Accidents, In Search of Insurers
Jun 12 2018 // Bird Rides Inc. and other scooter startups have drawn fire from pedestrian advocates, politicians and annoyed citizens. Now they have a new nemesis: personal-injury lawyers. In recent months, people hurt riding (or hit by)...
Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M)
Jun 12 2018 // The Navigators Group Inc. has completed the acquisition of Bracht, Deckers & Mackelbert NV (BDM), a specialty underwriting agency, and its affiliated insurance company, Assurances Continentales – Continentale...
Maine Individual Insurers Seek Nine Percent Rate Hike
Jun 11 2018 // Two insurers on Maine’s individual health insurance market are requesting lower-than-expected rate increases for 2019. Portland Press Herald reports the insurers are requesting average rate increases of over 9...
Insurers’ Earnings Volatility Tied to Equities Accounting Change
Jun 11 2018 // Many insurers and reinsurers are facing some earnings volatility in 2018 due to a change in accounting requirements for equity securities, Fitch Ratings said in new market commentary. According to Fitch, companies with...
U.S. Allows China’s Oceanwide Purchase of Insurer Genworth
Jun 11 2018 // A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group’s purchase of insurer Genworth Financial, the two companies said on Saturday. The...
Air Ambulances’ Sky-High Charges Leave Reimbursement Gaps, Lawsuits
Jun 11 2018 // When three-year-old West Cox’s fever hit 107 degrees, doctors called a helicopter. Hours earlier, the toddler, who’d been prescribed an antibiotic for a suspected ear infection, was at home in Princeton, West...
Mississippi Agent Accused of Not Forwarding Premiums to Insurers
Jun 11 2018 // A cease and desist order has been issued to a Mississippi insurance agent accused of failing to forward premiums to the respective insurance companies. The Mississippi Insurance Department said Friday that it had issued...
The PURE Group of Insurance Companies Promotes Taylor, Metzger
Jun 8 2018 // The PURE Group of Insurance Companies, which is based in New York, N.Y., and includes Privilege Underwriters Reciprocal Exchange (PURE) – the policyholder-owned property and casualty insurer designed for...
No Reason for Insurer Panic Over Amazon… Yet
Jun 7 2018 // As the largest U.S. insurers gathered at the Marriott Marquis hotel in Times Square to discuss the prospects for their industry, a threat to that future emerged from the nation’s other coast. Amazon.com Inc., the...
Equity Insurance Company Announces New Claims Manager
Jun 7 2018 // Tulsa, OK, June 7, 2018– Equity Insurance Company is pleased to announce that Scott Cooper has been promoted to the position of Claims Manager, effective May 16, 2018. Mr. Cooper has most recently served as...
