Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Trump Administration to Ease Rules on Truckers’ Maximum Hours on Road
Jul 3 2019 // Truck driver Lucson Francois was forced to hit the brakes just five minutes from his home in Pennsylvania. He’d reached the maximum number of hours in a day he’s allowed to be on duty. Francois couldn’t...
Sale of Applied Underwriters Still Under Review; Cayman Islands Insurer Likely Involved
Jul 1 2019 // It appears that the Berkshire Hathaway workers’ compensation unit Applied Underwriters is being sold in a large acquisition, which likely involves Cayman Islands-based United Insurance Co. A spokesman for the Applied...
30% of Disaster Claims Settled After Desk Audit Using Munich Re Remote Tool, Images
Jul 1 2019 // Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims...
Generali Is Front-Runner to Buy Portugal Insurer Tranquilidade: Sources
Jul 1 2019 // Assicurazioni Generali SpA has emerged as the front-runner to acquire Apollo Global Management’s Tranquilidade, the second-largest non-life insurer in Portugal, people familiar with the matter said. The Italian...
Idaho Crop Insurance Company Will Pay $3.48M in Lawsuit
Jul 1 2019 // A crop insurance company has agreed to pay a southwestern Idaho farming family $3.48 million following a lawsuit. The Farm Bureau Mutual Insurance Company of Idaho agreed to pay Nate and Kristin Pancheri for damage to...
Texas Windstorm Insurer: $4.2B Available for 2019 Hurricane Season
Jul 1 2019 // Texas’ insurer of last resort for properties in counties along the state’s coastline says it has $4.2 billion in available funds as this year’s hurricane season gets underway. That amount includes a $111...
Agents (Still) Looking for Underwriting Sweet Spot: Channel Harvest
Jul 1 2019 // Whether technology is driving a “one size fits all” underwriting approach or carriers are narrowing their strike zone, this year’s independent agency survey from Channel Harvest reveals agents continue to...
Preparing for the Unpredictable Talent Considerations for CAT Season
Jul 1 2019 // The combined global losses from natural disasters in 2017 and 2018 were the highest ever for a two-year period. While no single major catastrophe caused massive destruction in 2018, nearly 400 smaller natural disasters...
Direct Auto Purchasers Show Better Carrier ‘Satisfaction’: J.D. Power
Jul 1 2019 // U.S. auto insurance consumers are quite happy about their coverage, and a growing shift to direct-to-consumer models has driven much of their good feelings. In a new report, J.D. Power says overall customer satisfaction...
Insurance Agents Have Come to Embrace Insurtech. When Will Carriers?
Jul 1 2019 // There used to be a time when independent insurance agents were wary of what disruption insurtech might bring. They feared a future where all insurance transactions were done digitally — eliminating the need for the...
2019 Super Regional P/C Insurers
Jul 1 2019 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2018 data for property/casualty...
Specialist Re/Insurer Apollo Taps Steeds from XL Catlin as Political Risk U/W
Jun 28 2019 // Lloyd’s managing agency Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969, effective immediately. He reports to Chris King, head of crisis management at...
S. Africa Insurer Discovery Opens Bank, Challenging Traditional Lenders
Jun 28 2019 // It took Discovery Ltd. 1.5 million man hours over four years to build a bank. When the startup opens to the public Monday it will challenge South African lenders with histories going back to 1838, and they’re ready...
China Creates Insurance Group to Take Over Troubled Insurer Anbang
Jun 28 2019 // China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that’s under state control. Beijing-based Dajia Insurance Group, which...
Poll: Majority of Americans Say Global Warming is Affecting U.S. Weather
Jun 27 2019 // The majority of Americans say global warming is important to them, and that it’s affecting the weather in the U.S. A national survey by the Yale Program on Climate Change Communication and the George Mason University...
U.S. P/C Insurers’ Net Income Increased 69% in 2018: A.M. Best
Jun 27 2019 // The U.S. property/casualty industry showed a year-over-year 69% increase in net income to $59.2 billion in 2018, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and...
What Passed, What Didn’t: New Florida Laws Taking Effect July 1
Jun 27 2019 // The Florida Legislature looked at and passed many pieces of legislation in the 2019 session that will impact the insurance industry. The following are summaries of what passed — and what didn’t. What Passed HB 7065...
Georgia Court: Insurer Can’t Deny Coverage Despite Misinformation on Application
Jun 27 2019 // An insurer that extended its workers’ compensation coverage for 90 days after discovering the employer had violated the terms of its policy could not then deny coverage for a claim on the grounds that those terms had...
Data-Driven Insurance Future Clouded by Data Ownership Uncertainty
Jun 26 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
Tokio Marine Puts UK Insurer into Run-Off, Now Focusing on Lloyd’s Business
Jun 25 2019 // Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward, Tokio Marine Kiln (TMK) will focus on its Lloyd’s businesses. The run-off plan will be...
