Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
New Business Up 20% at Insurer AIA on Hong Kong, China Sales
Aug 23 2019 // Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value,...
Wildfires Making Insurance Harder to Find, California Department of Insurance Says
Aug 21 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 this week from the CDI...
Florida Insurer American Integrity Appoints Dowd as EVP
Aug 21 2019 // American Integrity has appointed industry veteran Dick Dowd as executive vice president. Dowd will report to Bob Ritchie, president and CEO, and be responsible for all sales and marketing staff and initiatives. He will...
Top 15 Earthquake Insurance Companies
Aug 21 2019 // Earthquake coverage is available mostly from private insurance companies. In California homeowners can also get coverage from the California Earthquake Authority (CEA), a privately funded, publicly managed organization....
Chesapeake Employers’ Insurance Company Appoints Madden to Board of Directors
Aug 21 2019 // Martin G. Madden, a former senior advisor to Maryland Governor Larry Hogan from 2015 to 2017, was appointed to the board of directors of Chesapeake Employers’ Insurance Company, effective June 1, 2019. Madden will...
Penn. Insurance Department Announces Restitution for Consumers in Annuity Scam
Aug 21 2019 // Pennsylvania Insurance Commissioner Jessica Altman said her department has gotten more than $117,000 in restitution for 25 Pennsylvania consumers victimized in a major annuity scam. “I am pleased we were able to...
Underwriters Get Picky and Other Trends in Construction Insurance
Aug 19 2019 // Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their...
Report: Re/Insurers Are Reconsidering Risk Appetite for California Wildfires
Aug 19 2019 // S&P Global Ratings says 2020 reinsurance pricing in the aftermath of California wildfires will likely rise as re/insurers are finding 2017-2018 losses from wildfires in that state to be higher than expected. The...
Execs: Wholesalers at Center of Topa Plans After Acquisition of California Insurer
Aug 19 2019 // Two key executives involved in the acquisition of Topa Insurance Group by Altamont Capital Partners who spoke about the deal were emphatic about one thing: wholesalers will continue to be the center of the company’s...
Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now
Aug 19 2019 // There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and...
Near National P/C Carriers Identified for 2019
Aug 19 2019 // This year marks the 13th year of the Demotech Company Classification System, which was established in the Feb. 12, 2007, issue of Insurance Journal. The system categorizes insurers into one of 11 categories based on an...
Age Discrimination Among Older U.S. Workers an Increasingly Serious Concern, Insurer Says
Aug 19 2019 // Age discrimination affects more than one-fifth of U.S. workers over the age of 40, a particular number of which are men, according to a survey from specialty insurer, which warns companies to be mindful of the related...
Texas Windstorm Insurer Not Filing Rate Hike for 2020
Aug 19 2019 // Texas’ provider of last resort for wind and hail insurance for coastal properties won’t be raising its residential and commercial property rates next year. The Texas Windstorm Insurance Association (TWIA) said...
In Review of Hail Claims Cases, Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 19 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
California’s $27.6M Fine Against Mercury Insurance Remains After Court Action
Aug 16 2019 // California regulators say a ruling by the state’s highest court means a $27.6 million fine imposed against Mercury Insurance Co. for improperly tacking fees onto auto insurance policies will stand. The California...
4 Facts that the Number of Open Michael Claims Won’t Tell You
Aug 14 2019 // Much is being made of a recent call by Florida Insurance Commissioner, David Altmaier, for insurance companies to “redouble efforts to resolve all open claims…” related to Hurricane Michael. Here’s the...
With Smarter, Joined-Up Pricing, There’s No Such Thing as a Bad Risk: Viewpoint
Aug 14 2019 // It’s a well-trodden truth in our industry that not all risks are created equal, and for insurers, that some risks are riskier than others. However, new technologies mean new avenues of innovation for insurers to...
21% of U.S. Workers Over 40 Claim They Have Experienced Age Bias, Insurer Says
Aug 13 2019 // Age discrimination affects more than one-fifth of U.S. workers over the age of 40, a particular number of which are men, according to a survey from specialty insurer, which warns companies to be mindful of the related...
New North Dakota Insurance Laws Now in Effect
Aug 12 2019 // The North Dakota Insurance Department recently released a list of new insurance-related laws enacted from bills that passed the state’s legislature in 2019. Following is a limited list of new laws in North Dakota...
Lloyd’s, London Market Insurers Surpass Q2 Electronic Placing Targets
Aug 12 2019 // More than half of in-scope market risks were placed electronically in the London and Lloyd’s markets during the second quarter, surpassing targets placed on the Platform Placing Ltd. (PPL) and other recognized...
