Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
The Importance of a Healthy E&S Market
Sep 16 2019 // There is a special segment of the insurance industry that can be maligned at times because of how it operates, but it is critically important to a healthy insurance marketplace. That industry segment is the excess and...
Medical Malpractice Insurer Ordered into Rehabilitation in Kansas
Sep 16 2019 // A medical professional liability insurance provider serving nearly 500 medical professionals in Missouri and Kansas has been placed into rehabilitation after the Kansas Insurance Department (KID) found the company’s...
PG&E Reaches $11B Settlement with Insurers Over California Wildfire Claims
Sep 13 2019 // Bankrupt California utility giant PG&E Corp. resolved a key battle by agreeing to pay $11 billion to settle insurance claims from wildfires blamed on its equipment. An even bigger struggle looms. The settlement with...
Insurers Looking to Add Jobs in Low Unemployment, High Tech Environment
Sep 13 2019 // About 62 percent of insurance companies polled said they intend to increase staff in the next 12 months, according to the latest U.S. Insurance Labor Outlook Study conducted by recruitment firm The Jacobson Group and...
U.K. Telematics Insurer Finds Motorists 32% More Likely to Crash on Friday the 13th
Sep 13 2019 // Analysis of almost five billion miles of driving data and associated claims in the U.K. shows that Friday is the most likely day for motorists to have a road traffic incident, and when it falls on the 13th of the month,...
Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts
Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference. Speaking at the Keefe, Bruyette & Woods Insurance...
Texas Windstorm Insurer Names Actuarial/Underwriting Committee Members
Sep 12 2019 // The Texas Windstorm Insurance Association has identified appointees to its Actuarial/Underwriting Committee. The committee has historically developed recommendations to the TWIA Board concerning association rate filings,...
U.K. Insurer RSA Merges Commercial Risk Solutions, Global Risk Solutions Businesses
Sep 12 2019 // RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines. This move follows another restructuring in...
SOBC DARAG Acquires New Mexico P&C Insurance Company
Sep 12 2019 // SOBC DARAG has acquired New Mexico P&C Insurance Co. SOBC DARAG has received approvals from New Mexico OSI and Florida OIR for the transaction. Terms of the deal weren’t disclosed. SOBC DARAG Holdings is...
Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures
Sep 10 2019 // Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this year, aiming to create something new and different for their...
Title Insurers Fidelity National, Stewart Information Call Off Merger
Sep 10 2019 // Fidelity National Financial and Stewart Information Services Corp. have agreed to terminate FNF’s proposed merger with Stewart due to the Federal Trade Commission’s issuance of an administrative complaint...
The Aftermath of Hurricane Dorian: Southeast States ‘Dodged a Bullet’
Sep 10 2019 // Residents and the insurance industry in Southeast states are feeling relieved after Hurricane Dorian grazed the U.S. coastline last week just days after it caused catastrophic damage in the Bahamas. While the storm was at...
U.S. Opposes Merger of Title Insurers Fidelity National and Stewart
Sep 9 2019 // The U.S. Federal Trade Commission said on Friday that it had filed an administrative complaint aimed at preventing title insurance provider Fidelity National Financial, Inc. from buying rival Stewart Information Services...
Unlicensed Labor Broker Indicted in New York for $1M Insurance Fraud Scheme
Sep 9 2019 // Unlicensed labor broker Salvador Almonte Jr. and insurance broker Steven Asvazadourian have been indicted in New York for an insurance fraud scheme in which they underreported the size of Almonte’s companies and lied...
China Regulator Puts Cap on Insurers’ Investments in Shareholders
Sep 9 2019 // China’s banking and insurance regulator put a cap on Monday on how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is sharpening its...
Aon Launches Real-Time Loss Forecasting for U.S. Hurricanes, European Windstorms
Sep 9 2019 // Aon plc has launched Automated Event Response (AER), designed to enable insurers to view real-time portfolio risks from two of the costliest perils: U.S. hurricane and European windstorm. Insurers, which aim to indemnify...
Cyber Coverage Confusion
Sep 5 2019 // I had the opportunity recently to read two cyber liability policies and they honestly made my head spin a little. There were coverages that I hadn’t thought about and restrictions that didn’t make sense (at...
5 New Insurance Companies OK’d to Do Business in Arkansas
Sep 4 2019 // Arkansas Insurance Commissioner Allen Kerr has approved five new insurance companies to operate in the state, bringing to 103 the number of new insurance companies approved since January 2015, according to the Arkansas...
Kansas Takes Control of Medical Malpractice Insurer
Sep 3 2019 // The Kansas insurance commissioner will take supervisory control of a company that provides malpractice insurance to nearly 500 medical professionals in Missouri and Kansas. A Shawnee County judge last week placed...
