Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Trucking Through Cost, Talent, & Regulatory Roadblocks
Sep 6 2016 // It’s been a rough ride, full of twists, turns and a few roadblocks for truckers and their insurance specialists. Truckers today face a number of obstacles that have raised the cost of doing business, including tough...
Washington Commissioner Fines Pet Insurer for Violating State Laws
Sep 6 2016 // Washington Insurance Commissioner Mike Kreidler has fined a pet insurance company $150,000 for violating state laws. Kreidler said his agency issued fines in July against American Pet Insurance, which goes under the name...
AIG Reported to Be Selling Its Last Shares in China’s PICC Insurer
Sep 5 2016 // American International Group (AIG) is seeking to raise about $190 million by selling its remaining shares in China’s PICC Property and Casualty Co Ltd, according to a term sheet of the deal seen by IFR on...
Insurers Seen ‘Easily’ Handling Hermine Losses
Sep 2 2016 // Hurricane Hermine, which is poised to land in Florida Friday, may result in “manageable” losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is forecast...
California Granny Who Lost Life Savings Awarded $15M in Case Against Insurers
Sep 2 2016 // A California grandmother who lost her life savings in a real estate investment scam offered by an insurance agent was awarded more than $15 million Wednesday in a lawsuit against MetLife and two subsidiaries, attorneys...
Pennsylvania’s Keystone Insurers Group Hires Neff
Sep 2 2016 // Keystone Insurers Group, a property and casualty insurance partnership headquartered in Northumberland, Penn., has named Linda Neff as its director of school transportation, the firm’s largest specialty insurance...
EU Passporting Essential for Lloyd’s Market Position in Post-Brexit World: Fitch
Sep 1 2016 // The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access...
Commentary: It is a Catastrophe that No One Listens to the Experts on Florida
Sep 1 2016 // “If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.” Although the author is unknown, this comment is often attributed to Mark Twain or Thomas...
How Florida Insurers Can Prepare for Claims from a Major Hurricane
Aug 31 2016 // After eight hurricanes in two years between 2004 and 2005, we haven’t seen a hurricane in Florida for over 10 years. Has the state learned from those storms? Are the insurance companies ready? What about the...
Iowa in Middle of Debate Over ‘Shadow Insurance’ Deals
Aug 31 2016 // For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge...
Brexit Vote Prompts Inquiries from Insurers Weighing Opening Offices in Dublin
Aug 30 2016 // Ireland says the Brexit vote has led to a jump in inquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain’s financial...
Low Interest Rates Pose Unknown Risks for European Insurers: CEO of Gjensidige
Aug 30 2016 // Cheap money could have unknown consequences for Europe, according to the chief executive officer of Gjensidige Forsikring ASA, Norway’s largest listed insurer. “It’s a sign of sickness for the economies...
P/C Insurers Must Improve Underwriting Amid Competitive Pressures: Fitch
Aug 30 2016 // Property/casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as investment income plunged and catastrophe losses rose. Fitch Ratings looked at 44 insurers and...
New Illinois Law Makes Insurance Companies Find, Pay Beneficiaries
Aug 29 2016 // Illinois Gov. Bruce Rauner has signed legislation requiring insurance companies to locate beneficiaries of unclaimed life insurance policies and pay them money they’re owed. The Republican said Friday the state also...
Everest Re Completes Crop Insurer Sale to CGB Diversified Services
Aug 26 2016 // Everest Re Group Ltd. has finalized the sale of its U.S. crop managing general agent, Heartland Crop Insurance Inc., to CGB Diversified Services, Inc. for $49 million. In conjunction with the sale, Everest has entered into...
Norwegian Insurer Eyes First Sale of Industry’s Riskiest Bonds
Aug 25 2016 // Gjensidige Forsikring ASA is on track to become the first insurer to issue a new type of bond that will become the industry’s riskiest debt. The Norwegian company may sell as much as 1 billion kroner ($120 million)...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Aug 24 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
Venture Capital, Traditional Insurer Interest in Insurtech Remains High
Aug 24 2016 // Even though venture capital investments in venture capital-backed financial technology (fintech) companies fell more than 50 percent globally during the second quarter of 2016, interest in insurance technology startups...
China’s Anbang Insurance Readies for 2017 IPO: Sources
Aug 23 2016 // Anbang Insurance Group Co., the Chinese owner of New York’s Waldorf Astoria hotel, has asked banks to pitch for role on a planned Hong Kong initial public offering next year, according to people with knowledge of the...
66% of Insurers Plan Increased Hiring Over Next Year: Study
Aug 22 2016 // More than 66 percent of insurance companies intend to increase staff during the next 12 months, according to a new midyear labor study. That rate is the highest in the history of the study, The U.S. Insurance Labor Outlook...
