Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Airlines Under Pressure to Halt Flights to China; Update on Cancellations
Jan 31 2020 // Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines’ pilots filing a lawsuit seeking...
Most UK Insurers, Banks Unprepared for Risks of Climate Change
Jan 31 2020 // The Bank of England faces an uphill climb to get the finance industry ready for one of its biggest threats: the climate. About 80% of senior finance executives believe their firms “lack well-developed strategies to...
With Premiums Up Due to Accidents, Chemical, Refinery Plants Cut Back on Insurance
Jan 30 2020 // U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for...
California’s Topa Insurance Company Promotes Yates, Tillinghast
Jan 30 2020 // Topa Insurance Company, one of the wholly owned subsidiaries of Topa Insurance Group – a boutique insurance holding company based in Calabasas, Calif. – has promoted Kelly Yates to vice president of Claims and...
Brexit Impact on UK Insurers Dictated by Trade Talks, Possible Economic Hit: AM Best
Jan 30 2020 // From an operational point of view, the United Kingdom’s departure from the European Union on Jan. 31, 2020 will have little immediate impact on AM Best-rated insurers in the UK or EU, according to the ratings agency...
Insurer Loss Control Oversight Moving to Market Conduct Unit at TDI
Jan 30 2020 // The Texas Department of Insurance is moving oversight of insurer loss control inspections to Market Conduct Examinations in the Financial Regulation Division. This is part of the agency’s efforts to strategically...
European Insurers Balk at EU Raising Capital Requirements Due to Cyber, Climate Risks
Jan 30 2020 // Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer bailouts, a top EU...
How should insurance commissioners get the job?
Jan 29 2020 // WARNING: This is a long one. Buckle in. Insurance Journal recently published an article detailing what action the Florida legislature is planning to take this year related to insurance. One item in particular caught my...
R&Q Acquires Montana Captive Insurer Vigneron
Jan 29 2020 // R&Q is pleased to announce it has acquired the Montana captive insurer, Vigneron Insurance Company Inc. from a wholly owned private investment holding company. Terms of the deal were not disclosed. VICI underwrote...
Insurers Say Proposed California Regs Could Axe Discounts for Millions
Jan 28 2020 // The American Property Casualty Insurance Association testified today in opposition to draft regulations they say could eliminate many affinity group insurance discount programs during a pre-notice workshop held by the...
Indonesia Forms Rescue Plan for Troubled State Insurer
Jan 28 2020 // Indonesian authorities are weighing the induction of a strategic investor into a unit of the nation’s oldest insurer that’s on the brink of collapse after alleged fund mismanagement left a $2 billion hole in...
TDI to Insurers: Compliance with Temporary Vehicle Coverage Provisions Required
Jan 28 2020 // The Texas Department of Insurance has reminded carriers that provide personal auto insurance in the state about the need to comply with new temporary vehicle coverage provisions contained in House Bill 3420. HB 3420,...
Australian Insurers Should Be Able to Withstand Mounting Bushfire Claims: AM Best
Jan 27 2020 // Australian insurers are well-capitalized and should be able to withstand losses from the 2019/2020 bushfire season, aided by strong capital positions and support from reinsurance partners, said AM Best. The ratings agency...
Blues Health Insurers Back Venture to Lower Generic Drug Prices
Jan 27 2020 // A group of Blue Cross Blue Shield insurers is investing $55 million in a venture that aims to offer cheaper prices to their members on generic drugs that currently have little or no competition, the companies said on...
How Parametric Insurance Can Help Fill the Gap Where Traditional Insurance Falls Short
Jan 27 2020 // Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to guarantee direct payout...
Why Traditional Independent Agents, Carriers Need to Partner and Align Now More Than Ever
Jan 27 2020 // Agencies and carriers need to align now more than ever. I will add a condition to this statement: Quality independent agencies and quality carriers need to align now more than ever if they are to thrive. Unfortunately, I...
Policy Changes Now in Effect at Texas Windstorm Insurer
Jan 27 2020 // The new year brought some changes to residential and commercial policies provided by Texas’ insurer of last resort for wind and hail along the coast. New coverages, terms and conditions now apply to Texas Windstorm...
Industry Calls On Florida Lawmakers to Reform Lawsuit Abuse
Jan 27 2020 // Florida lawmakers are considering a number of insurance-focused issues over the course of the 60-day 2020 Legislative Session that started Jan. 14. At the top of the list for industry and consumer advocates are reforms to...
Entering and Exiting Digital: What’s Up with Multi-Brand Strategies of P/C Insurers?
Jan 24 2020 // Two of the largest property/casualty insurers in the U.S., Allstate and Nationwide, made headlines recently when they announced shifts in their respective multi-brand portfolios. Faced with the prospect of staying relevant...
As Insurers Pull Back from Australia’s Bushfire Zones, They Could Become Uninhabitable
Jan 24 2020 // Australian wildfires that have razed thousands of homes and blackened an area about the size of England may also create the nation’s first climate refugees. That’s the view of Michael Mann, distinguished...
