Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Wildfires Making Insurance Harder to Find, California Department of Insurance Says
Sep 2 2019 // Severe wildfire seasons have made it harder for homeowners to find insurance in high wildfire-risk areas, according to new data collected by the California Department of Insurance. The data released in late-August from the...
ISU Network – #2 Agency Partnerships 2019
Sep 2 2019 // $559,580,000 2018 Total P/C Revenue ISU Network limits its size by adding new members, mid-sized to large agencies, by invitation only. But while this agency partnership is small in number, it’s not small in...
First-Half 2019 Records Drop in P/C Insurers’ Underwriting Income; Downgrades Outpace Upgrades: A.M. Best
Sep 2 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
What You Should Know Before Joining an Agency Network
Sep 2 2019 // Today is a great time to be an independent agent, but running an independent agency is not easy. Without an awareness of how the industry is evolving, and having access to ongoing training and education, you may not be...
Networked Insurance Agents – #16 Agency Partnerships 2019
Sep 2 2019 // $52,093,831 2018 Total P/C Revenue Networked Insurance Agents, an AmWINS Group company, provides an array of membership options from market access to direct access. “Based on the aggregation or direct access...
Insurance Alliance Network – #19 Agency Partnerships 2019
Sep 2 2019 // $37,053,881 2018 Total P/C Revenue Every agency maintains independent ownership in their book of business when they become a member of the Insurance Alliance Network, part of the Alera Group. According to Jane D....
SIAA – #1 Agency Partnerships 2019
Sep 2 2019 // $1,211,398,245 2018 Total P/C Revenue The SIAA business model has been operating since 1983 in the Northeast and nationally since 1995. The organization operates with 48 local master agencies with over 350 associates...
Canada Insurer The Co-operators Acquires Quebec Broker, Cadieux Beausejour Dupras
Aug 30 2019 // Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc. Financial details of the deal were not disclosed. The brokerage’s portfolio includes...
How Insurers Help Design High-End Homes That Mitigate Disaster Risk
Aug 30 2019 // Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage,...
With New, Legal Cannabis Industries, Illinois and Missouri Can Learn from Pioneer States
Aug 30 2019 // As Illinois and Missouri undertake the process of licensing businesses in their newly legalized cannabis industries — recreational in Illinois and medical in Missouri — they have the advantage of taking what has worked...
Update: Florida Prepares for Hurricane Dorian; CoreLogic Cites $145B Exposure
Aug 29 2019 // Hurricane Dorian has set its sights on the Southeast coast, with Florida likely to be the state that feels the biggest impact when it makes its U.S. landfall sometime over the weekend or early next week, according to...
European Insurers Are Having a Rough Time This August – Here’s Why…
Aug 29 2019 // European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings as well as some companies’ exposure to Asia are making things even...
Top 10 Commercial Auto Insurers: Winners and Losers in Fast-Growing Market
Aug 29 2019 // The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In fact, a decade of...
More Tesla Solar Panel Claims Emerge; 2 Home Insurers Allege Negligence
Aug 29 2019 // One evening last year, David Burek noticed charred wood and a burning smell in his attic, near his young sons’ bedroom. He climbed a ladder and saw a melted connector wire from the solar panels installed on the roof...
When Insurance Companies Fail at the Promise
Aug 28 2019 // I read an article last week about the intersection of gig work, an innocent injured party, insurance, and big business. Let me summarize the best I can. A driver is in traffic and is suddenly hit by another driver, who was...
North Carolina Insurers Request 19.2% Rate Increase for Dwelling Policies
Aug 28 2019 // The North Carolina Department of Insurance has received a dwelling insurance rate filing from the North Carolina Rate Bureau requesting a statewide average rate increase of 19.2%, varying by territory. The N.C. Rate...
Florida Insurer American Integrity Launches Policyholder Home Maintenance App
Aug 28 2019 // American Integrity Insurance Co., a Tampa, Fla.-based home insurance carrier, has introduced a new, free home platform app designed to provide tools and information for customers to maintain their home and...
Insurer Not Responsible for Workers’ Comp Claim Due to Overdose Death
Aug 26 2019 // The New Hampshire Supreme Court has affirmed a decision by the New Hampshire Compensation Appeals Board (CAB) denying an estate’s request that its insurer pay workers’ compensation benefits to the estate as a...
5 Insurtechs Working to Improve Agency Processes, Efficiency
Aug 26 2019 // Independent insurance agents can find sifting through the many insurtech products to pinpoint ones suited to their needs is a daunting assignment. But it’s an assignment they must tackle, according to agency...
P/C Insurers’ First-Half Underwriting Income Drops; Downgrades Outpace Upgrades: A.M. Best
Aug 26 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
