Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Startup Insurer Lemonade Is Going National; Files for Licenses Countrywide
Dec 22 2016 // Insurance startup Lemonade is eyeing a national expansion and has filed for licenses to operate in 46 states and the District of Columbia. The peer-to-peer insurer that is focused on renters and homeowners insurance is...
China’s Regulator Toughens Insurer Licensing Requirements: Sources
Dec 22 2016 // China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people...
Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3
Dec 21 2016 // Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and...
Europe’s Insurers, Pensions Seek Higher Yields via Infrastructure Investments
Dec 21 2016 // Europe’s pensions and insurers, seeking returns in infrastructure deals after asset purchases by the European Central Bank gutted yields on bonds, say they’re being crowded out again. Their frustration is...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
Guidewire to Acquire Insurance Cloud Software Firm ISCS for $160 Million
Dec 19 2016 // Guidewire Software, which serves property/casualty insurers, has agreed to acquire another insurance software firm, San Jose, California-based ISCS, for $160 million in cash. The deal gives Guidewire entry into the small...
Texas Issues Mandatory Data Call to Property/Casualty Insurers
Dec 19 2016 // The Texas Department of Insurance has issued a mandatory annual data call to all insurance companies writing private passenger nonfleet automobile, homeowners multiple peril, workers’ compensation, commercial fire...
Ohio Insurer Disclosure Bill Passed by Legislature
Dec 19 2016 // The recent passage of consumer protection legislation provides the Ohio Department of Insurance with better, more common sense tools when it comes to evaluating the financial health of Ohio’s insurance industry,...
Battle Over Property Claims and Litigation in Texas Set to Continue in 2017
Dec 19 2016 // If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following severe...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a...
North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies
Dec 19 2016 // The North Carolina Rate Bureau (NCRB) has requested a 19.6 percent rate increase on all dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. NCDOI announced Dec. 1 it is...
Florida Ruling Against Insurer in Concurrent Loss Case ‘Not a Surprise’
Dec 19 2016 // The Florida Supreme Court has ruled in favor of policyholders seeking coverage on claims where there is the possibility of multiple concurrent losses but at least one of the losses is covered under their policy. Though the...
Insurance Industry Sees Challenges with New York City Crawler Crane Requirements
Dec 19 2016 // The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory...
Property Claims and Litigation Likely on Texas 2017 Legislative Docket
Dec 19 2016 // If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will likely be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following...
What Drives Satisfaction in Large Commercial Insurance Market?: J.D. Power
Dec 19 2016 // The profitability of an insurance company and the quality of advice given by an insured’s insurance broker make the most difference in customer satisfaction for commercial insurance, a new study revealed. According...
California Commissioner Issues Auto Collision Repair Regulations
Dec 19 2016 // California Insurance Commissioner Dave Jones issued new Auto Collision Repair Labor Rate Survey Regulations in early December that he said will increase consumer protections when a damaged vehicle is repaired. The...
Supporting the Troops: Industry Gives Back to Those Who Served
Dec 19 2016 // Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn...
California Commissioner Issues Anti-Steering Regulations
Dec 16 2016 // California Insurance Commissioner Dave Jones has issued new Anti-Steering in Auto Body Repair regulations that he says increase protections to prevent consumers from being misled or claims delayed when a collision-damaged...
Re/Insurers’ Fundamentals Begin to Erode in Challenge-Filled Market: A.M. Best
Dec 16 2016 // The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled “Insurers Hunt for...
Hartford’s Execs Make Plea to End ‘Real Issue, Real Pain’ of Distracted Driving
Dec 16 2016 // Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 million prior-year...
