Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Nebraska Insurer, Ameritas: Data Breach Possibly Exposed Customers’ Info
Aug 1 2019 // Lincoln, Nebraska-based insurance and finance company Ameritas has notified customers that their personal information may have been exposed in a data breach. The Lincoln Journal Star reports that the company said in a...
Florida Regulator Calls Open Hurricane Michael Claims ‘Discouraging’; Plans Data Call
Aug 1 2019 // With more than 20,000 claims related to Hurricane Michael still open nine months after the storm hit the Florida Panhandle, Florida’s top insurance regulator is calling on the insurance industry to take “all...
Space Insurance Premiums Could Double After European Vega Rocket Crash
Jul 31 2019 // Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which hit insurers with a record space market loss of 369 million euros ($411.21 million), insurance industry...
Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO
Jul 31 2019 // Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the...
Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now
Jul 31 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...
California Self-Insurers Board Greenlights Workers’ Comp Alternative Security Program
Jul 30 2019 // The board of the California Self-Insurers’ Security Fund has approved the 2019/20 Alternative Security Program. The ASP provides a financial backstop to replace security deposits required to collateralize...
A Year after GDPR, How Can U.S. Insurers Prepare for Data Privacy Regs Closer to Home?
Jul 30 2019 // More than a year after the European Union implemented its General Data Protection Regulation (GDPR), U.S. insurers are examining what they can learn as they prepare for the implementation of similar data privacy laws in...
Captives Remain Profitable, Outperform Commercial Insurers, Reports A.M. Best
Jul 30 2019 // U.S. captive insurance companies rated by A.M. Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’s counterparts in the commercial casualty sector, according...
Texas Windstorm Insurer: Rate Inadequacy Up Year Over Year
Jul 29 2019 // In advance of its Aug. 6 board meeting in Galveston, the insurer of last resort for wind and hail in counties along the Texas coast said it has determined its residential coverage rates are inadequate by 41.7 percent and...
Insurer Pulls Plug on Socially-Conscious Investment Platform Targeting Millennials
Jul 29 2019 // In 2017, Pacific Life Insurance Co. introduced a socially conscious, online investing platform tailored to thirtysomethings eager to use their assets to make the world a better place. Those investors proved more expensive...
Wisconsin’s McDonald Insurance Agency Joins Keystone Insurers Group
Jul 26 2019 // Keystone Insurers Group (Keystone) has added McDonald Insurance Agency of Hudson to its list of Wisconsin partners. McDonald Insurance Agency has been serving Wisconsin and Minnesota since 1977, and is licensed in multiple...
Data-Deprived Auto Insurers Cautious About Discounts for Advanced Safety Features
Jul 26 2019 // Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise...
Louisiana Workers’ Comp Carrier, LWCC, Adds Irby, Promotes Sanders
Jul 25 2019 // Baton Rouge, Louisiana-based workers’ compensation provider, LWCC, has hired Seth Irby as chief marketing and customer experience officer, and promoted Gary Sanders to vice president. Irby brings to LWCC a variety of...
Insurers Owed $20 Billion Offer Own Rescue Plan for PG&E in Bankruptcy Court
Jul 25 2019 // Insurance companies that say Pacific Gas & Electric owes them more than $20 billion from wildfire claims wants to take over the California utility and pull it out of bankruptcy. The group of insurers filed court...
Northeast Insurer Kingstone to Exit Commercial Liability Lines
Jul 25 2019 // Kingstone Companies Inc., a Northeast regional property and casualty insurance holding company, has announced that its wholly owned subsidiary, Kingstone Insurance Company (KICO), has decided to no longer underwrite...
First Half Natural Disasters Cost Insurers $20B, Down 26% from 18-Year Average: Aon
Jul 25 2019 // Global insured losses from natural disasters during the first half were estimated at US$20 billion, which is 26% lower than the H1 average of US$27 billion seen during the years 2000-2018, according to Aon’s...
Washington Commissioner Fined Carriers, Producers and Others $724K in June
Jul 25 2019 // Washington Insurance Commissioner Mike Kreidler disciplined and issued fines in July totaling $724,000 against insurance companies, agents and brokers and others who violated state insurance regulations. Following are the...
Largest U.S. Data Breach Settlements with Government Include 3 Insurers
Jul 23 2019 // The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers’ personal information. The following are seven of the largest...
Insurer Beazley’s 1st Half Earnings Nearly Triple on Higher Premium Rates
Jul 23 2019 // Lloyd’s of London insurer Beazley Plc said on Tuesday its first-half earnings nearly tripled from last year, as it wrote more policies at higher rates and said it expects double-digit premium growth over the...
Insurer Innovation Comes Under the Rating Agency Microscope
Jul 22 2019 // Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ...
