Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Tennessee Insurance Department Works With Insurers to Pinpoint Wildfire Claims
Dec 7 2016 // Devastating wildfires that have hit the state of Tennessee, particularly in the City of Gatlinburg, have caused widespread damage, with 656 claims reported to the Tennessee Department of Commerce and Insurance (TDCI) as of...
Keystone Insurers Group Expands into Michigan
Dec 6 2016 // Keystone Insurers Group has expanded to 11 states with the addition of its first partner in Michigan, Saginaw Bay Underwriters. Saginaw Bay Underwriters has offices in Saginaw, Bay City and Midland. Saginaw Bay...
Verisk Teams with Driveway Software on Smartphone Telematics for Autos
Dec 6 2016 // Property/casualty insurance data supplier Verisk Insurance Solutions has formed a strategic alliance with Silicon Valley’s Driveway Software to jointly develop a smartphone telematics product for automakers, insurers...
UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit
Dec 6 2016 // The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer...
Court Delays Appeal Over Obamacare’s Insurer Reimbursements Until After Trump Takes Office
Dec 6 2016 // A federal appeals court on Monday agreed to put on hold until after U.S. President-elect Donald Trump takes office in January the Obama administration’s appeal of a judge’s ruling favoring a Republican...
PCI Viewpoint: Role of Government in Automated Driving Revolution
Dec 6 2016 // The following is the viewpoint of the Property Casualty Insurers Association of America (PCI) submitted to a subcommittee of the Senate Appropriations Committee at a Nov. 16 hearing on “The Automated &...
Florida Supreme Court Rules Against Insurer in Concurrent Loss Case
Dec 6 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...
Insurers’ Financial Strength, Brokers’ Expertise Drive Satisfaction in Large Commercial Market: J.D. Power
Dec 5 2016 // The profitability of an insurance company and the quality of advice given by an insurance broker makes the most difference when it comes to customer satisfaction for commercial insurance, a new industry study...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion
Dec 5 2016 // Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to...
China’s Insurers Have Major Risk Management Deficiencies, Warns Regulator
Dec 5 2016 // Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a senior official at China’s insurance watchdog said on Saturday. Vice chairman...
How Challenges Create Opportunity in Program Business
Dec 5 2016 // Today’s program administrators continue to face plenty of challenges, including increased competition, high merger and acquisition activity, market pressures for more creative options, and other issues. Those...
2016 State Specialist P/C Insurers Revealed: Demotech
Dec 5 2016 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Plans Underway for Super Regional P/C Insurer Conference 2017 for C-Suite Professionals
Dec 3 2016 // Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis. The theme of the event is...
California Commissioner Issues Auto Collision Repair Regulations
Dec 2 2016 // California Insurance Commissioner Dave Jones issued new Auto Collision Repair Labor Rate Survey Regulations that he said will increase consumer protections when a damaged vehicle is repaired. The California Department of...
Insurers Praise House Approval of Systemic Risk Reform Bill
Dec 2 2016 // The House of Representatives took a step toward changing the Dodd-Frank financial regulation law by passing a measure that requires that a systemic risk designation be based on more than a financial institution’s...
North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies
Dec 2 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...
Swiss Re’s U.S. Solar Power Plant is One Part of Its Climate Change Commitment
Dec 1 2016 // Swiss Re’s solar power installation at its U.S. headquarters in Armonk, N.Y., a 2-megawatt facility expected to be up and running by late spring 2017, is just one part of a green theme that the carrier has been...
Chinese Insurers May Hike Overseas Investments by $100B over 3 Years: BNP Paribas
Dec 1 2016 // Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real estate, BNP Paribas said on...
London Insurers List 4 Priorities for Brexit Negotiations
Nov 30 2016 // Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market. The objectives outline arrangements that will help the City of London “maintain its position as the...
Furtado Joins Western National Insurance as VP, Agency Sales
Nov 29 2016 // Western National Insurance Group has hired Eric Furtado as vice president of agency sales. He is based in the company’s Edina, Minn. office and is responsible for day-to-day sales activities, as well as management of...
