Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How to Help Insureds Manage Customer Privacy Risk
Jan 9 2017 // Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data collection practices while seeking to gain...
Top 10 Personal Auto Insurers and Today’s Market: A.M. Best
Jan 9 2017 // The U.S. personal auto insurance industry saw net premiums written grow 5.1 percent in 2015 — a rate of growth that may not be repeated as rising loss ratios weaken both underwriting and operating results, according...
West Regulation Report Card: California Most Politicized State
Jan 9 2017 // A report gives California’s insurance regulatory environment low marks for auto body repair rules, the insurance commissioner’s call for insurers to divest from coal, its prior approval law and being the...
Federal Insurance Chief McRaith Leaving Post on Jan. 20
Jan 6 2017 // Michael McRaith, who has served as director the Federal Insurance Office since its creation in 2011, is resigning his post as of Jan. 20. as the Trump Administration begins. McRaith announced his plan to leave the agency...
Randall & Quilter Acquires Captive Insurer Clariant Insurance AG
Jan 6 2017 // R&Q Insurance (Malta) Ltd. (R&Q) announced it has acquired the entire issued share capital of Clariant Insurance AG from its owners Clariant AG. Clariant Insurance, or CI, was formed in 2005 as the Liechtenstein...
Device Insurer Bought by Allstate for $1.4 Billion Lost Money Last 5 Years
Jan 5 2017 // – Allstate Corp. said that the mobile-device insurer that it acquired for $1.4 billion had posted five years of losses before the deal. SquareTrade Holding Co.’s annual loss narrowed to $26.5 million in 2015...
China Regulator Proposes Insurer Ownership Limits to Curb Risky Investments
Jan 5 2017 // Proposed ownership limits at Chinese insurance companies could effectively stop conglomerates such as China Evergrande Group and Baoneng Group from using their insurance units to help fund acquisitions and riskier...
Economical Completes Purchase of Canada’s Largest Pet Insurer
Jan 4 2017 // Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced the completion of its previously announced acquisition of Western Financial Insurance Co. (WFIC) and its...
Israeli Government Opposes Sale of Insurers to Chinese Investors: Source
Jan 4 2017 // Israel’s Finance Ministry opposes the sale of insurance companies to Chinese investors because it’s hesitant to put pension money in their hands, a senior government official said, a stance that could bode ill...
RenaissanceRe Forms Special Purpose Insurer Fibonacci Re
Jan 4 2017 // Renaissance Reinsurance Ltd. announced the formation of Fibonacci Reinsurance Ltd., a special purpose insurer domiciled in Bermuda. Fibonacci Re was formed to provide collateralized capacity to Renaissance Reinsurance, the...
Global Natural Catastrophes Cost Insurers $50B in 2016: Munich Re
Jan 4 2017 // Insurers paid out around $50 billion for natural disaster claims last year, almost double 2015’s payout of $27 billion, reinsurer Munich Re said in its annual natural catastrophe review on Wednesday. Earthquakes in...
New York Issues First-in-Nation Regulation on Commercial Crime Insurance
Jan 3 2017 // New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying commercial crime insurance coverage to New York businesses employing people...
New York Announces Health Insurance Reforms to Combat Opioid Crisis
Dec 30 2016 // Governor Andrew M. Cuomo has announced that new health insurance reforms aimed at combatting New York State’s heroin and opioid crisis will go into effect January 1, 2017. These reforms were part of the legislative...
How Agents Feel About Their Compensation from Carriers… and Other Matters
Dec 30 2016 // On a first quarter results call W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distributors, driven by what he called a fight to grow margins in the...
Obamacare Individual Market Profitability Outlook Improving, Says S&P
Dec 29 2016 // The Affordable Care Act (ACA) individual market has proven a tough nut to crack for U.S. health insurers, with the benefit of strong premium growth offset by persistent underwriting losses for most insurers. But 2016 is...
NN Group Agrees to Acquire Dutch Insurer Delta Lloyd for $2.6B
Dec 28 2016 // NN Group NV agreed to buy Delta Lloyd NV for about 2.5 billion euros ($2.6 billion) after its earlier offer for the Dutch insurer was rejected. NN offered 5.40 euros a share in cash for Amsterdam-based Delta Lloyd, the...
Top 12 Insurance Trends and News Stories of 2016: Countdown
Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...
Top 10 Personal Auto Insurers and Today’s Market: A.M. Best
Dec 27 2016 // The U.S. personal auto insurance industry saw net premiums written grow 5.1 percent in 2015 — a rate of growth that may not be repeated as rising loss ratios weaken both underwriting and operating results, according to...
West Regulation Report Card: California Most Politicized State
Dec 22 2016 // A report gives California’s insurance regulatory environment low marks for auto body repair rules, the insurance commissioner’s call for insurers to divest from coal, its prior approval law and being the...
Hong Kong Agents, China Insurers Face Tech-Related Disruptions: 2017 Predictions, Part 4
Dec 22 2016 // The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a...
