Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
ISO to Collect Terrorism Insurance Data for Treasury
Mar 28 2016 // The property/casualty insurance data and rating organization ISO will collect and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with gauging the effectiveness of...
Prepare for Disruption in High Net Worth Insurance Segment
Mar 28 2016 // ACE’s $28.3 billion purchase of Chubb will create a major disruption in the luxury insurance market. When the integration of the two insurers is complete, the new company is anticipated to control approximately $6...
10 ACP Re Insurers Miss Deadline; A.M. Best Places Ratings Under Review
Mar 25 2016 // A.M. Best said it has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of ACP Re Ltd., based in Hamilton, Bermuda...
Lloyd’s Insurers Lead New Trend to Sell Legacy Portfolios: Willis Towers Watson
Mar 25 2016 // The majority of Lloyd’s businesses (77 percent) are considering legacy portfolio disposals, with more than half of firms based in western Europe (53 percent) expecting to make at least one sale in the next three...
Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT
Mar 25 2016 // The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence...
Health Insurers Working to Improve Provider Network Directories
Mar 24 2016 // Some health insurers are hoping to ease headaches that can flare when customers try to confirm whether a doctor is covered in a plan’s network of providers. The trade association America’s Health Insurance...
How Telematics Saves on Claims, Improves Customer Experience
Mar 24 2016 // Insurers that are not already using the data from their telematics programs for claims would be wise to do so early in their adoption of telematics as the task only becomes more difficult as more data is collected,...
AIR Says Brussels Attacks Have Limited Insurer Impact; FERMA Issues Comment
Mar 24 2016 // The deadly coordinated attacks in Brussels on March 22, which killed 33 people and wounded 260. are expected to have limited impact on the insurance industry, according to catastrophe modeling firm AIR Worldwide. Loss of...
China’s Fosun Weighs IPO for Ironshore, Just 4 Months After Acquiring Insurer
Mar 23 2016 // Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for Ironshore Inc., just months after acquiring the insurer. Fosun may also...
Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage
Mar 23 2016 // A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property...
Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re
Mar 22 2016 // The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power increasingly moving to the center, according to the findings of a new global survey...
Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk
Mar 21 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
Zika Exclusion Now Commonplace in Cancellation Cover for Latin America Events
Mar 21 2016 // Organizers of rock concerts and conferences in Latin America or fringe events at the Rio Olympics beware: if you still need insurance to cover cancellation due to the Zika virus, it’s probably too late. The...
How Technology May Alter Small Commercial Lines Advantage
Mar 21 2016 // As more small business owners become comfortable buying everything including insurance online, exclusive agent carriers will gain an advantage over independent agency carriers in the highly-fragmented and increasingly...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Massachusetts Court Rules on Damages for Injured Workers
Mar 21 2016 // Massachusetts’ highest court recently ruled in a case of first impression that a workers’ compensation insurer is not entitled to a lien on the money awarded to claimants for pain and suffering. This ruling...
Claims for Broker Negligence Assignable
Mar 21 2016 // A California intermediate appellate court has reaffirmed that a professional negligence claim against a client’s property/casualty insurance broker is freely assignable. It also held that the assigned rights are...
Insurance Rates for Architects, Engineers Not Going Anywhere
Mar 18 2016 // After three straight years of moderate increases, insurance premiums for architects and engineers professional liability leveled off in 2015. A new survey by insurance broker Ames & Gough also found that insurers plan...
Generali Q4 Profit Misses Analysts’ Estimates on Life Income; Donnet Named CEO
Mar 18 2016 // Assicurazioni Generali SpA’s fourth-quarter profit rose less than some analysts expected on a writedown of its stake in BTG Pactual Group and lower income at its life business. The shares had their biggest decline in...
North Carolina Couple Charged with Defrauding Insurance Company
Mar 18 2016 // A Fayetteville, North Carolina, couple is accused by authorities of trying to defraud an insurance company after submitting altered receipts for property they said was stolen. The Fayetteville Observer reports Maria Alta...
