Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Governor Calls for Legislation to Rein in Hailstorm Litigation
Feb 2 2017 // In his state of the state address, Texas Gov. Greg Abbott gave a boost to the insurance industry’s effort to get legislation passed that would place limits on post-hailstorm litigation. Calling lawsuits against...
Texas Stamping Office Updates Eligible Surplus Lines Insurers List
Feb 2 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified the following changes to the Texas the list of eligible surplus lines insurers in the state. Approved eligible insurers effective Jan. 1, 2017 include alien...
Insurers Won’t Pay Boat Owner’s Claim in Rhode Island Lost-at-Sea Case
Feb 2 2017 // Insurers say they will not cover the loss of a boat owned by a Vermont man that sank off Rhode Island with his mother aboard. Nathan Carman and his mother, 54-year-old Linda Carman of Middletown, Connecticut, left on a...
California High Court Gives Insurance Commissioner Vast New Powers
Feb 1 2017 // President Donald Trump’s spate of executive orders has jump-started a national debate about the wisdom of executive edicts, especially those that stray into the area of lawmaking. While presidential orders grab the...
Health Insurers in Limbo Due to Uncertainty Around Affordable Care Act
Feb 1 2017 // Obamacare looks like it’s going away. Until that happens, big health insurers aren’t sure what to do with it. Republicans and President Donald Trump haven’t given details on how they’ll repeal and...
Re/Insurers Can Help Bridge Protection Gap with Technology: GA Report
Jan 31 2017 // Digital technologies can be harnessed by the re/insurance industry to narrow insurance protection gaps in developing and emerging markets, thereby improving societal resilience after natural disasters, according to a...
Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’
Jan 31 2017 // A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London...
Intesa’s Generali Gamble Carries Risks for Predator and Prey
Jan 30 2017 // An expected bid by Intesa Sanpaolo, Italy’s biggest retail bank, for the country’s largest insurance company is a bold gamble that has stunned the cozy world of Italian finance and carries risks for both...
South Dakota Bill Would Make Insurer Tax-Credit Program More Transparent
Jan 30 2017 // A group of South Dakota lawmakers has introduced a bill that would require certain information from the state-subsidized insurance company tax credit program for scholarships be made public. The tax credit scholarship...
P/C Insurers Enroute to Posting Underwriting Loss for 2016: A.M. Best
Jan 30 2017 // The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best’s report appears in line with a...
How State Insurance Regulators May Help Insurers Innovate
Jan 30 2017 // Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would refocus their efforts in...
Insurance Industry Rethinking Recruitment Strategies
Jan 27 2017 // With nearly 400,000 employees expected to retire from the insurance industry workforce within the next few years, according to the U.S. Bureau of Labor Statistics, its incumbent on carriers to consider the ways in which...
Main Street America Expands New Personal Auto Program Into 3 Eastern States
Jan 27 2017 // The Main Street America Group has expanded Main Street Protection Auto, its new private passenger auto insurance program for the preferred/standard marketplace, into three additional states, including New York, as well as...
French Insurers & Bankers Aim to Beef Up Fintech Investments
Jan 27 2017 // After years of lagging behind London on spawning financial technology startups, Paris this week hosted a show of force aimed at proving the French capital can catch up as more than 1,500 bankers, investors and...
NAIC Leader Says Insurer Systemic Risk Process Is Unnecessary
Jan 26 2017 // Although the Financial Stability Oversight Council created by the Dodd–Frank Wall Street Reform Act could serve an incredibly useful purpose, FSOC’s activities so far have been misguided, an insurance regulator...
Pennsylvania Insurance Commissioner to Chair National Task Force on Senior Issues
Jan 26 2017 // Pennsylvania Insurance Commissioner Teresa Miller will chair a task force as part of the National Association of Insurance Commissioners (NAIC) that will examine issues that impact senior insurance consumers. Commissioner...
CEO and President of E&S Carrier Takes Flight Across The Country to Meet With Agents and Brokers
Jan 26 2017 // Chicago and Salt Lake City, January 26, 2017- Nothing stands between Rick J. Lindsey, CEO, Chairman and President of Prime Insurance Company, and the great agents and brokers of this country. Starting Monday, February 6,...
P/C Insurers Fell to $1.7 Billion Underwriting Loss in First 9 Months of 2016
Jan 25 2017 // For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. The period produced a...
Insurers Back Arizona Bill Cutting Required Auto Glass Coverage
Jan 24 2017 // Rock-shattered windshields are such a common occurrence on Arizona roads that insurance companies have long been required to replace broken glass for free to drivers with full coverage policies. It ends up being a big...
California Insurance Commissioner Prevails in Insurance Industry’s Legal Challenge
Jan 24 2017 // In a 7-0 decision, the California Supreme Court has affirmed the authority of Insurance Commissioner Dave Jones in a legal challenge brought by the insurance industry, the California Department of Insurance...
