Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Willis Towers Watson Beefs Up UK Investment Consultancy by Integrating 2 Units
Apr 6 2018 // Willis Towers Watson announced the transfer of its UK Insurance Investment Solutions Group (IISG) to the company’s Insurance Consulting and Technology (ICT) UK Life business – a move that aims to help insurers...
Dog Bite Claims Cost Insurers $700 Million
Apr 6 2018 // Dog bites and other dog-related injuries accounted for more than one third of all homeowners liability claim dollars paid out in 2017, costing almost $700 million. That’s according to the Insurance Information...
Investment in Innovation to Rock Chicago Stadium at Insurtech Conference
Apr 5 2018 // Three stages, a packed football stadium overlooking Lake Michigan, decked out luxury suites. A rock concert? No, it’s an insurance innovation and investment event. But some attendees might be star-struck by the...
How Predictive Analytics Boost Commercial Insurance Profits, Smooth Cycles
Apr 5 2018 // The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best says in a report. “Underwriting cycles have...
Florida AOB Reform Efforts Fail Again as Parkland Tragedy Derails Legislative Session
Apr 5 2018 // With over 900 items on the Florida legislative docket and only 60 days to consider them, it’s not surprising that many bills simply die in committee or are never seriously considered. Add to that a tragic event right...
Missouri Passes Measure to Limit Insurance Company Payouts
Apr 4 2018 // A bill on Missouri Gov. Eric Greitens’ desk would limit how much money insurance companies would have to pay after vehicle accidents. The proposal affects cases where multiple people are owed money from an insurance...
Alaska Law on Credit-Based Scoring Backed by Insurers Group
Apr 4 2018 // A new credit-based scoring law brings Alaska into line with the rest of the nation, and the Property Casualty Insurers Association of America is applauding the state for that. Alaska Gov. Bill Walker and the Alaska...
Deductibles: Pest or Partner?
Apr 4 2018 // Stop me when you’ve heard this story before. A customer calls to report a claim. It’s a small business and they have a few delivery trucks running around their city. One of them was backing out of a...
Georgia-Based Auto Insurer Access Insurance To Be Liquidated
Apr 4 2018 // Insurance regulators in the Southeast are notifying policyholders in their states of a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that is to be liquidated after being placed in...
Demotech Affirms ‘A’ Ratings of Florida Insurers
Apr 4 2018 // Demotech will not downgrade any of the 16 Florida homeowners insurers that it said earlier this year could face financial stability ratings (FSRs) adjustments because of hurricane losses and assignment of benefits...
Michigan Priest Accused of $5M Embezzlement Sued by Diocese Insurer
Apr 3 2018 // A Michigan priest accused of embezzling more than $5 million now faces a civil lawsuit filed by the insurance company for the Catholic Diocese of Lansing. Rev. Jonathan Wehrle is charged with six counts of embezzling...
Phishing Could Affect 6,800 Members of Maryland Insurer
Apr 3 2018 // Maryland’s largest health insurer says a phishing attack may have exposed the personal information of nearly 7,000 members. News outlets report CareFirst BlueCross BlueShield said Friday that an employee’s...
Workers’ Compensation Insurer Stonetrust Enters Missouri, Tennessee
Apr 3 2018 // Workers’ compensation insurer Stonetrust Commercial Insurance Co. has begun writing business in Missouri and Tennessee. Stonetrust, which is headquartered in Baton Rouge, Louisiana, is also writing in Louisiana,...
Liquidation Order Issued for Auto Insurer with More Than 42K Policies in Pennsylvania
Apr 2 2018 // A Texas court has issued an order of liquidation for Access Insurance Company, an auto insurer that has 42,785 policies in Pennsylvania. This means Pennsylvanians that currently have auto insurance through Access Insurance...
Retiring Commissioner Sevigny Talks State Regulation, Being a Good Leader
Apr 2 2018 // New Hampshire Insurance Commissioner Roger Sevigny is planning to retire this summer after 16 years with the New Hampshire Insurance Department. His current term ends on June 11. Prior to his 16 years working as a...
Montrose and Horizontal or Vertical Exhaustion: Is the Long-Tail (Claim) Wagging the Dog?
Apr 2 2018 // The California Supreme Court will again intervene in the protracted saga of insurance litigation stemming from the bodily injury, property damage, and Comprehensive Environmental Response, Compensation, and Liability Act...
Georgia-Based Auto Insurer Access Insurance To Be Liquidated
Apr 2 2018 // Insurance regulators in the Southeast are notifying policyholders in their states of a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that is to be liquidated after being placed in...
‘Impaired’ Non-Standard Auto Insurer, Access, to Be Liquidated
Apr 2 2018 // Texas insurance regulators placed into receivership and started the process of liquidating a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that the insurance department says is...
Today’s Hot Markets: Buyers Hungry For EPLI, Cyber and More
Apr 2 2018 // Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and insurance markets that could offer opportunities for agents and brokers in...
P/C Insurers Record $23.5B in Underwriting Loss in 2017
Apr 2 2018 // The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The...
