Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Limit Earthquake Exposure in Oklahoma
May 23 2016 // As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has...
What to Know About Travelers’ CGL Cyber Ruling
May 23 2016 // Experts are cautioning insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Buyers would be mistaken to...
Agents Sound Off on Compensation
May 23 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 distribution, driven by what he called a fight to grow margins in the...
Delaware Fines Insurers for Market Misconduct
May 23 2016 // Delaware Insurance Commissioner Karen Weldin Stewart has fined insurance companies a total of $83,300 during the first quarter of 2016 for violating state insurance regulations. Fines generally result from a market conduct...
Virginia Reminds Insurers: Rates Must Be Cost-Based
May 23 2016 // Virginia Insurance Commissioner Jacqueline Cunningham has issued an administrative letter reminding insurers to review the rate standards outlined in Virginia Code §38.2-1904 to ensure compliance. Cunningham also noted...
Employee Engagement Platform Pays Off for Midwest Insurer
May 23 2016 // As the new chief information officer and senior vice president in charge of business transformation at property/casualty carrier, GuideOne Insurance, Doug Cretsinger faced some big challenges. He managed a staff of around...
CDI: Trucking Company Owners Cheated Workers’ Comp Carrier out of Millions
May 23 2016 // A pair of California trucking company owners were arrested for cheating their workers’ compensation insurer out of millions of dollars. Alvin Shin Chen, 54, and Fiona Xilin Chen, 46, both of La Canada Flintridge,...
New York Health Insurers Propose Hikes for Individual, Small Group Rates
May 20 2016 // New York health insurers have proposed premium increases averaging 17.3 percent for next year in the market for individuals and 12 percent for small groups. The New York State Department of Financial Services often reduces...
Big Deal: Insurer Signs NBA Star Shaq as Brand Spokesman
May 20 2016 // Tennessee-based nonstandard auto insurance provider The General has signed its first real-life brand ambassador and he’s a big one: NBA Hall-of-Famer Shaquille O’Neal. In his brand ambassador role, the 7-foot,...
Auto Insurance Customers Disappointed in Their Insurers’ Websites: J.D. Power
May 20 2016 // While overall customers are more satisfied with their experience shopping online for auto insurance, they are less thrilled with the websites of individual insurance companies, with only slightly more half saying they...
Main Street America Group Expands Private Passenger Auto Coverage to Conn., N.H.
May 19 2016 // The Main Street America Group has expanded its private passenger auto insurance program to Connecticut and New Hampshire. Highlights of the Main Street Protection Auto program, which was first launched in South Carolina...
Agents Seek Better Compensation Deal with Carriers
May 19 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...
Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers
May 19 2016 // Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the head of the country’s property insurance industry group said on...
P/C Insurers Caught Between Slowing Premium Growth and Rising Loss Ratios
May 18 2016 // For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO...
Economical to Buy Largest Canada Pet Insurer, Western Financial Insurance Co.
May 18 2016 // Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced plans to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Co. (WFIC) and...
Many Weed-Smoking Canadian Drivers Say They Can Drive Unimpaired: Insurers
May 18 2016 // Almost half of weed-smoking Canadian drivers say that they can safely operate a vehicle while stoned. Among Canadians who have driven under the influence of marijuana, 44 percent don’t think it impacts their ability...
Insurors of Tennessee Adds Small as Membership Specialist
May 18 2016 // Insurors of Tennessee has added Ellie Small to the Association staff as membership specialist. Small will manage the continuing education program, coordinate course registration and provide administrative support to the...
Alberta Wildfires Could Cost $7B with Minimal Insurer Credit Hit: Ratings Agencies
May 17 2016 // The Fort McMurray wildfires, which have been raging through northern Alberta, Canada since May 1, are likely to be the costliest natural disaster in Canadian history, according to recent reports issued by catastrophe...
Watsa’s Fairfax Plans to Buy Control of Indonesia Insurer’s Non-Life Unit: Sources
May 17 2016 // Fairfax Financial Holdings Ltd., the Canadian investment firm led by Prem Watsa, is in advanced talks to buy control of Indonesian financial group PT Paninvest’s non-life insurance unit, people with knowledge of the...
New York Diocese Sues Regulators Over Insurer Abortion Mandate
May 16 2016 // The Roman Catholic Diocese of Albany, New York, has sued state insurance regulators over requirements that workplace health plans cover employee abortions. The New York State Department of Financial Services lacks...
