Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Market Conduct Troubles Often Traced to Claims Handling Errors
Nov 19 2019 // Mistakes by claims professionals were the most common reason for enforcement actions taken against U.S. property and casualty insurers in 2018, taking the No. 1 and No. 2 spot on a top 10 list issued by the Wolters Kluwer...
Florida’s New Consumer Advocate Tackles Open Hurricane Michael Claims
Nov 19 2019 // Florida’s new Insurance Consumer Advocate Tasha Carter has been busy since taking office August 1. With more than 12,000 Hurricane Michael claims still open, according to the Florida Office of Insurance Regulation,...
AM Best Assigns Credit Ratings to North Carolina’s Synergy Insurance Company
Nov 18 2019 // AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” to Synergy Insurance Company based in Charlotte, N.C. The outlook assigned to these credit ratings...
Florida Expands Access to Insurtech Services and Devices
Nov 18 2019 // On June 28, 2019, Florida Governor Ron DeSantis signed House Bill 301 into law and, in doing so, loosened regulatory restrictions and allowed insurers and their agents to utilize innovative technologies to reduce perils to...
Boosting Resilience to U.S. Wildfires Should Be Insurance Industry Priority: I.I.I.
Nov 18 2019 // Nearly a year after the deadliest and costliest wildfire in U.S. history, insurers and the customers they cover are revisiting how to reduce their collective exposure to this risk, according to the Insurance Information...
How to Bring in Young People to Insurance
Nov 18 2019 // The workforce is faced with a generation gap. Baby boomers are retiring at the rate of 10,000 per day. Generation X and millennials each have a smaller pool of people than baby boomers. Generation Z is now the largest...
Lights! Camera! Insurance!
Nov 18 2019 // No insurer would cover James Bond given the extreme punishment he inflicts upon his body – not to mention the property damage he causes – in service to Her Majesty, The Queen. Daniel Craig is a different...
Senior Living Market Explodes During Challenging Times
Nov 18 2019 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue. The population of Americans over age 80 will double, from 6...
As Texas Windstorm Insurer Mulls Rates, Policyholders, Lawmakers Strongly Oppose Hikes
Nov 15 2019 // Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a...
Insurer Brit Ltd. Launches E-trading Cyber Portal
Nov 15 2019 // Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions. The portal will give...
Conn. Supreme Court Finds Insurers Not Liable for Crumbling Foundations
Nov 15 2019 // Insurers are not liable for crumbling foundations caused by defective concrete unless the home is on the verge of collapse, the Connecticut Supreme Court ruled. The decision will likely amplify public pressure for a...
Former Executive Sues MetLife Alleging Gender Bias; Insurer Denies Claims
Nov 14 2019 // A former MetLife Inc. executive claims she suffered years of gender-based pay discrimination and harassment from members of the insurer’s top leadership team and that she was fired after complaining about a lack of...
How Brokers Influence Specialty Insurance Product Innovation
Nov 13 2019 // In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects...
Sexual-Harassment Whistleblower Sues Lloyd’s Insurer Tokio Marine Kiln
Nov 13 2019 // A senior lawyer who blew the whistle on alleged sexual harassment and bullying at a top Lloyd’s of London insurance company is suing his employer for what he called a campaign of harassment, racial discrimination and...
Rate Increases Approved for Texas Auto Insurer for Residual Market
Nov 12 2019 // Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance Plan Association (TAIPA). The Texas Department of Insurance granted TAIPA’s...
PG&E California Wildfire Victims Sue to Get Paid Before Fire Insurers
Nov 12 2019 // PG&E Corp. wildfire victims have filed a new lawsuit arguing they must be fully repaid for the losses of their homes and businesses before fire insurers are as part of the utility’s bankruptcy. The case takes aim...
Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience
Nov 12 2019 // Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding...
Texas Windstorm Insurer Actuarial Committee to Meet Again for Rate Review
Nov 12 2019 // The Actuarial & Underwriting Committee of the Texas Windstorm Insurance Association (TWIA) will meet Tuesday, Nov. 19 at 1:30 pm for review and possible action regarding development of recommendations to the...
Are Employees Pushing Insurers to Shun Coal in Climate Change Movement?
Nov 7 2019 // Seventeen insurers have restricted insurance services to coal projects in the past two years. A dozen insurers have adopted policies to stop all direct insurance coverage to new coal projects – among them are Allianz,...
Automotive-Focused Insurer Hagerty Opens New Facility in Dublin, Ohio
Nov 6 2019 // Hagerty, a membership, insurance and media organization for enthusiast vehicles and owners, continued its growth as an automotive lifestyle company today by announcing a new operations center in Dublin, Ohio. The new...
