Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Cape Town Hit by Worst Storm in 30 Years, Threatening Insurers’ Outlook
Jun 8 2017 // South Africa’s property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years and dozens of fires engulfed the region around the town of Knysna this...
Keystone Insurers Group Names Maurer as VP in Michigan
Jun 8 2017 // Property/casualty insurance broker, Keystone Insurers Group (Keystone), has appointed Mark Maurer as its state vice president in Michigan. Maurer recently was vice president at Arlington/Roe. While there he established an...
Cuomo Takes Steps to Keep New York Insurers in Obamacare
Jun 7 2017 // New York Governor Andrew Cuomo announced steps on Monday to encourage insurers to keep selling health plans in the state’s Obamacare exchange, as the companies withdraw from other markets amid uncertainty surrounding...
U.S. P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord
Jun 6 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
Private Insurer Will No Longer Fund Fraud Prosecutions in Texas
Jun 6 2017 // Note: This article originally ran in the Texas Tribune. Thanks to new money and oversight from the Texas Legislature, the state can now pursue workers’ compensation fraud cases without relying on an unusual and...
Canada’s Home Insurers Undergo Claims Stress Test: J.D. Power
Jun 6 2017 // A record year for catastrophic disasters, from the Fort McMurray fire to floods in Quebec, have put Canadian home insurers to the test in 2017. According to the J.D. Power 2017 Canadian Home Insurance Study, a spike in...
Travelers’ Drone Program Is Shaping the Way Claims Reps Do Business
Jun 5 2017 // Travelers’ Claim University, founded in 2007, is working to change the way its claims professionals do business through the use of drones to assist in property inspection and claims analysis. The nearly...
P/C Industry Posts $4.7B Net Underwriting Loss in 2016
Jun 5 2017 // Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by higher catastrophe-related property losses, according to ISO and the Property Casualty Insurers...
Texas Lawmakers Pass ‘Hailstorm’ Litigation Bill
Jun 5 2017 // Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events passed the state...
A Few E&O Tips to Watch: Certificates, Carrier Ratings and Alternative Markets
Jun 5 2017 // It seems agencies today have more challenges than ever. Below are three tips to reduce errors and omissions (E&O) exposures. 1. Send Certificates of Insurance I would love to share with you a story regarding a...
P/C Insurers Positioned to Absorb Hurricane Season: Fitch
Jun 2 2017 // The 2017 U.S. hurricane season may be here, but property/casualty insurers should be able to handle the challenges it brings, Fitch Ratings said in a new report. “Fitch currently has a negative sector outlook on the...
Texas Windstorm Insurer: Finances Sound at Start of Hurricane Season
Jun 1 2017 // The Texas Windstorm Insurance Association (TWIA) says it is financially sound and ready for the 2017 hurricane season by once again securing $4.9 billion in total funding. In a media release, TWIA said its 2017 season...
Insurer Group PCI Adds 4 to Federal Relations, Tax Policy Teams
Jun 1 2017 // The Property Casualty Insurers Association of America (PCI) announced the addition of four new hires in the areas of federal government relations and taxation. Mona Dooley and Kyle Glenn are joining the association as...
Willis Programs Taps Allianz as Carrier for Agribusiness Programs
May 31 2017 // Willis Programs has partnered with Allianz Global Corporate & Specialty (AGCS) on coverage for its DairyProtector and FeedLotGuard programs. Allianz, a property casualty insurance carrier in the agribusiness industry,...
Greece Aims to Attract U.K. Shipowners, Insurers & Brokers Seeking Brexit HQs
May 31 2017 // The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc. “We’re in contact...
New Bond ETF Rules Expected to Attract Investments from Insurers
May 31 2017 // BlackRock Inc. expects $300 billion in new money from insurers to flood into the already booming bond exchange-traded fund sector over the next five years, a spokeswoman said on Tuesday, following a move by regulators to...
Illinois Senate Passes Bills Requiring Work Comp Pre-Approval, Creating Nonprofit Insurer
May 30 2017 // The Illinois Senate has passed two workers’ compensation measures — one that would require companies writing workers’ comp insurance to get state approval for the rates they charge, and another that creates a...
Munich Re, Aviva Ventures Invest in UK Connected Home Insurer Neos
May 30 2017 // Neos, a UK connected home insurer, announced last week it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. The strategic investment...
Insurer USAA Caught in Hannity TV Advertising Controversy
May 30 2017 // Financial services firm USAA, facing a backlash to its decision to pull advertising from Sean Hannity’s show on Fox News Channel, says it is withdrawing from other opinion-based television programs. The company,...
Flood Insurance Looks Like One Area of Bipartisan Agreement
May 30 2017 // Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners...
