Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Caught In Municipal Bond Slump While Awaiting Trump Tax Plan
Feb 28 2017 // The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trump’s...
Trump Seeks Help from Insurers, Governors in Overhauling Health Insurance
Feb 28 2017 // President Donald Trump sought on Monday to bring the nation’s largest insurance companies on board with his plans to overhaul Obamacare, saying their help was needed to deliver a smooth transition to the...
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Feb 27 2017 // Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor...
Texas Bill Seeks Limits on Hailstorm Lawsuits
Feb 24 2017 // A bill has been filed in the Texas Senate that seeks to curb what the authors of the legislation say is a skyrocketing number of lawsuits filed against insurers for bogus or inflated hailstorm claims. Senate Bill 10, filed...
Jury: Former Oklahoma Legislator Must Pay Insurer $4.3M in Defamation Case
Feb 24 2017 // A Tulsa, Okla., jury has awarded an insurance company and its CEO $4.3 million in a defamation case. The Oklahoman reports former state legislator and former First Trinity director Wayne Pettigrew left First Trinity...
GMI Insurance Taps Falls Lake as Primary Carrier for Auto Programs
Feb 24 2017 // GMI Insurance, a program administrator specializing in commercial auto exposures, has added Falls Lake Insurance Companies as the new primary carrier for its auto programs. Effective Feb. 1, GMI Insurance programs offers...
AIG Among ‘Too-Big-to-Fail’ Insurers Trying to Assess Path Forward Under Trump
Feb 24 2017 // Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House...
Helping Small Insurers Sell Cyber Coverage to Small Businesses
Feb 24 2017 // With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been...
Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS
Feb 23 2017 // The initial estimate of the insured property market loss for extra-tropical cyclone Egon, which hit France and Germany in January, is €212 million (US$223.3 million), according to PERILS, the independent Zurich-based...
China Regulator Puts Brakes on Insurers’ 3-Year, $100-Billion Buying Spree
Feb 23 2017 // A regulatory clampdown on speculation by insurers and new limits on outbound capital flows are causing one of China’s most acquisitive industries to hit the brakes. Chinese insurers, after announcing almost $100...
EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England
Feb 23 2017 // EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’ claim, the Bank of England said on Wednesday. Officials from Aviva and Legal & General, two...
The Hidden Cost of Bundling Insurance Policies
Feb 22 2017 // Marketers love to bundle products and for good reason. Bundling encourages consumers to buy more. However, new research suggests that it’s not quite that simple. While bundling gets buyers to buy more, it can also...
Colombia’s Regulator Approves RMS Earthquake Model for Use by Insurers
Feb 21 2017 // RMS, the the Newark, Calif.-based catastrophe risk management firm, has received approval from the Colombian insurance regulator, Superintendencia Financiera de Colombia (SFC), to offer catastrophe modeling services to...
How Digital Distribution Tools from IVANS Marry Agents, Carriers and Appetites
Feb 21 2017 // “Looking for a professional agent in the Chicago area who is in good financial shape, wants a long-term relationship, and is seriously into habitational risks. Must be Cubs fan.” Welcome to match.com for the...
Florida Launches Online Workers’ Comp Insurer Database for Employers
Feb 21 2017 // The Florida Division of Workers’ Compensation has formed an online insurance company database to assist Florida business owners with obtaining workers’ compensation coverage that protects employees from the...
New Jersey Supreme Court Issues Ruling in $500M Contamination Lawsuit
Feb 20 2017 // The New Jersey Supreme Court has ruled in favor of Givaudan Fragrances Corporation (Fragrances) in a $500 million insurance coverage lawsuit against Aetna Casualty & Surety Company and additional insurers named as...
Florida AOB Abuse Update: ‘Alarming Trend’ Reaches Crisis Point
Feb 20 2017 // Assignment of benefits abuse has escalated over the last five years to the point where it is now a serious disruption to Florida’s insurance market. The abuse, which is especially rampant in South Florida, stems from...
Demotech Suspends Florida Insurer Rating Criteria
Feb 20 2017 // Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led ratings company Demotech to announce it is changing the criteria it uses when rating insurers in the state. The decision...
Texas Stamping Office Updates Eligible Surplus Lines Insurers List
Feb 20 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified changes to the list of eligible surplus lines insurers in the state. Approved eligible insurers effective Jan. 1, 2017, include alien insurers Lloyd’s...
Texas Governor Deems Hailstorm Litigation ‘Lawsuit Abuse’
Feb 20 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...
