Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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,...
Missouri Joins Other States in Barring Insurers’ Use of Price Optimization
Jan 25 2016 // In mid-January, the Missouri Department of Insurance issued a bulletin to insurers reminding them that the rating practice generally known as “price optimization” is prohibited in the state. “Price...
Something to Consider: Future Trends and the Insurance Industry
Jan 25 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...
Report: Mississippi Insurers Not Overcharging Coastal Residents
Jan 25 2016 // Results of Mississippi’s Clarity Act Data Call are in and they confirm what insurance experts in the state say they already knew: insurers are not overcharging coastal residents in Mississippi. In fact, many...
China’s Insurance Marketplace Explained in California Symposium
Jan 25 2016 // Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of...
Vermont Licensed 33 New Captive Insurers in 2015
Jan 25 2016 // Vermont licensed 33 new captive insurance companies in 2015, according to data released by the Vermont Department of Financial Regulation. 2015’s new licensees bring Vermont’s overall total licenses to 1,062...
Two Florida Clinic Owners Charged With Defrauding Insurers
Jan 24 2016 // The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of two unlicensed clinic owners from Miami-Dade County. Noel Ruiz of Miami and Alberto B Franco of Hialeah were...
Bond Insurers’ Lawsuits Against Puerto Rico to Be Combined
Jan 22 2016 // A second lawsuit over Puerto Rico’s debt default will be joined with a similar suit in order to save time and money and avoid inconsistent rulings, a U.S. federal judge said on Thursday. Financial Guaranty Insurance...
Aspen Acquires Crop Insurer AgriLogic
Jan 20 2016 // Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspens’s specialty insurance business. AgriLogic, headquartered in...
