Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
RMS Releases Cyber Accumulation Management System to Manage Exposure
Feb 3 2016 // RMS has released its Cyber Accumulation Management System*, which includes a new software system and framework for cyber exposure reporting, in addition to a suite of cyber catastrophe scenarios for loss modeling. The RMS...
Why Google’s Not So Smart or Fast and Insurance Agents Aren’t Dead… Yet
Feb 2 2016 // Insurance agents aren’t dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry observers said at a...
Willis Re Joins with Tech Firm, Measure, to Raise Drone Usage for Insurers
Feb 2 2016 // Willis Re, the reinsurance business of Willis Towers Watson, announced a strategic partnership with technology company Measure to advance the use of drones within the insurance industry and bring the latest drone...
Health Insurers in Kansas Support Network-Only Plan Proposal
Feb 1 2016 // Insurance providers have asked Kansas lawmakers to approve a measure that would allow them to offer health plans requiring customers to only use the insurers’ network. The plans are called Exclusive Provider...
Dutch Insurer Delta Lloyd Still Faces Solvency II Uncertainties; Rights Issue Ahead
Feb 1 2016 // Dutch insurer Delta Lloyd is still discussing aspects of Europe’s new solvency regime with regulators as it prepares a 1 billion euro ($1.1 billion) rights issue to shore up its position. Delta Lloyd’s shares,...
Arizona House Leader Wants Another Cut on Insurance Company Taxes
Jan 29 2016 // An Arizona House panel has voted to advance a bill accelerating phased-in insurance company tax cuts included in a law passed last year. House Bill 2002 is sponsored by House Republican Majority Whip David Livingston. He...
Talanx Group’s Industrial Insurer Operating with New Name: HDI Global SE
Jan 29 2016 // Talanx Group’s industrial lines insurer, formerly called HDI-Gerling Industrie Versicherung AG, is now operating under the name HDI Global SE. On Jan. 8, the renaming of HDI-Gerling Industrie Versicherung AG became...
So, If the Future Arrived in 2015, What About 2016?
Jan 29 2016 // Repeatedly, we have described 2015 as the “year the future arrived for insurance.” Across the board, we saw significant changes in how carriers thought about the impact of new technology and innovation. It was...
Ace Westchester’s Rubel: Future Trends and the Insurance Industry
Jan 28 2016 // What will the insurance industry be like in 15 years? The future will arrive whether the industry is ready or not. And while even so-called experts are no better than the average person in predicting it, what’s most...
Virtual Insurance Agent Insurify with License Plate Quote Feature Raises $2 Million
Jan 28 2016 // Consumers will soon be able to simplify the buying of auto insurance by snapping a photo of their license plate and texting it to a phone number provided by the new site, Insurify.com, which will then generate price...
M&A to Intensify as Insurers Hunt for Top-Line Growth: Willis Towers Watson
Jan 28 2016 // The competition for attractive assets will intensify in the next three years as the majority of insurers (82 percent) plan to acquire, while only one-third intend to divest, according to a survey of senior insurance...
Maryland Urges Insurers to Accommodate Consumers Impacted by Blizzard
Jan 27 2016 // The Maryland Insurance Administration issued a bulletin encouraging insurance companies and premium finance companies to accommodate consumers who were impacted by last weekend’s blizzard. Bulletin 16-05 (Re:...
Insurer Comings-and-Goings Show U.S. Crop Insurance a Field for Specialists
Jan 27 2016 // The U.S. crop insurance market has been abandoned by some of its largest companies as lower agricultural prices crimp revenue, and uncertainty about federal aid clouds the business’s future. Cargill Inc., the largest...
Special Purpose Captive Insurer Approved in Arkansas
Jan 27 2016 // Diamond Risk Insurance LLC, a wholly-owned subsidiary of Baptist Health, has been approved as a captive insurer by the Arkansas Insurance Department. Arkansas Insurance Commissioner Allen Kerr said Baptist Health is the...
AIG Rejects Full Split; Will IPO Mortgage Business, Sell Advisory Unit, Reorganize into ‘Modular’ Units
Jan 26 2016 // American International Group Inc. announced $3.6 billion in expenses to fill a reserve shortfall after higher-than-expected claims costs and will exit its mortgage insurer and sell an adviser network as Chief Executive...
Report: Florida’s Workers’ Comp Market Still Strong but Uncertainty Remains
Jan 26 2016 // The latest workers’ compensation report from Florida’s insurance regulator says the state’s workers’ compensation market remained competitive and well capitalized in 2014, but reforms put in place...
California Insurance Commissioner Calls for Insurance Divestment from Coal
Jan 25 2016 // California Insurance Commissioner Dave Jones on Monday asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal as part of a nationwide call to reduce carbon...
Vaidyan Appointed to Lead GIC Re as India’s 1st Insurer Chairwoman
Jan 25 2016 // Alice Vaidyan has been appointed as chair and managing director of General Insurance Corp. of India (GIC Re), the national reinsurer. She is the first woman to be appointed as chair in the history of Indian insurance...
China’s Insurers Received Premium Income of $365 Billion in 2015
Jan 25 2016 // The premium income received by China’s insurance firms hit 2.4 trillion yuan ($364.85 billion) in 2015, the industry regulator said on Monday. This means insurance premium income rose 20 percent last year from 2014,...
Global Insurers Explore Opportunities in Iran; Market Worth Premiums of $7.4B
Jan 25 2016 // Global insurance firms are circling Iran for business opportunities following the lifting of sanctions – and the first test of their appetite could come in March when some Iranian companies seek new cover. Insurers,...
