Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
3 Claims Areas Where Property Insurers Disappoint Customers
Mar 18 2019 // Property insurers are falling short in some areas of the claims process even as they earn high marks for overall customer satisfaction, according to the J.D. Power 2019 U.S. Property Claims Satisfaction Study. J.D. Power...
Beyond Nassar: Michigan State Creates Captive, Explores Other Insurance Options
Mar 18 2019 // Michigan State University continues to explore its insurance coverage options with regard to sexual assault or molestation claims brought against the school after rejecting renewal coverage offered by its long-term...
Online Flood Insurer Neptune Expands Coverage to 6 New States
Mar 15 2019 // Neptune Flood, an all-digital online flood insurance company, has expanded its coverage to residents of Missouri, Colorado, New Hampshire, Rhode Island, West Virginia, and Indiana – bringing the total number of states...
Florida Governor Urges Lawmakers to Address AOB as Reforms Move Forward
Mar 15 2019 // Just over a week into the 2019 legislative session, insurance industry-supported bills aimed at reforming Florida assignment of benefits (AOB) abuse are making progress in the state legislature. Lawmakers in the Florida...
Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry
Mar 14 2019 // Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and...
AM Best Revises Outlooks for Virginia Farm Bureau Mutual Insurance Company
Mar 14 2019 // AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” for the members of the Virginia Farm Bureau...
Rhode Island Horse Insurer Gets Three Years in Prison for $1.3M Fraud Scheme
Mar 14 2019 // A Rhode Island insurance agent who specializes in insuring horses has been sentenced to three years in prison for defrauding clients, insurance companies and finance companies out of $1.3 million. Federal prosecutors say...
Insurers Remain Cautious About Marijuana Insurance Market
Mar 14 2019 // The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key...
Industry Awaits Florida Supreme Court Decision on Post-Loss AOB Policy Language
Mar 14 2019 // As Florida lawmakers weigh reform for the state’s assignment of benefits crisis, the insurance industry and regulators are closely monitoring a case addressing post-loss policy language that is currently before the...
Aon, Insurtech Zesty.ai Partner to Enhance Property Underwriting with AI Data
Mar 13 2019 // Aon has formed a strategic alliance with Zesty.ai, a San Francisco-based insurtech startup, which uses artificial intelligence (AI) to enhance insurers’ property underwriting. Zesty.ai’s technology provides...
North Carolina Insurance Fraud Round-Up: January, February
Mar 13 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the first two months of 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to...
Insurers Face Big Claims from Victims’ Families After Boeing 737 MAX Crash: Sources
Mar 12 2019 // Boeing Co.’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation...
Demotech: Expect 2018 Catastrophe Losses to Impact Florida-Based Insurers
Mar 12 2019 // After reviewing the year-end financial statements of the Florida-based carriers it rates, Ohio-based ratings agency Demotech is warning that many insurers could see underwriting and operating losses in their year-end...
Connecticut Lawmakers Continue Push to Address Crumbling Foundations
Mar 11 2019 // Connecticut lawmakers were urged Friday to pass additional legislation to address the state’s crumbling foundations problem and also find additional funds to help impacted homeowners. Michael Marglaras,...
UK’s Global Aerospace Is Boeing’s Lead Insurer
Mar 11 2019 // Britain’s Global Aerospace is the lead insurer for the world’s biggest plane maker Boeing Co, the insurer’s top boss said on Monday. “I can confirm that Global Aerospace leads Boeing, and also Lion...
Brazil’s Caixa Aims to Raise $3.9B via Listings of Units, Including Its Insurer: Report
Mar 11 2019 // State-owned Brazilian bank Caixa Economica Federal is hoping to raise 15 billion reais ($3.88 billion) through the listing of four of its subsidiaries, chief executive Pedro Guimaraes told newspaper O Globo in an interview...
Shares of China’s Largest Property Insurer PICC Begin Their Expected Steep Descent
Mar 11 2019 // Shares in China’s largest property insurer have started their descent back to Earth and according to analysts, it could be a prolonged and rocky journey. People’s Insurance Co. (Group) of China Ltd.’s...
How to Serve Today’s Nonprofit Insurance Market
Mar 8 2019 // Nonprofits are a lot like most insurance clients. They seek trusted and consultative relationships with their agents, brokers and carriers. They seek partners that understand their mission. But they also seek agents who...
Australia Floods Cost Insurers US$635M in February: Aon’s Catastrophe Recap
Mar 8 2019 // Australia’s Northern Queensland experienced widespread flooding from Jan. 26 to Feb. 7, which cost insurers more than A$893 million (US$635 million) with total economic losses of at least A$1.7 billion (US$1.2...
New Hampshire High Court Rules Board Wrong to Deny Workers’ Comp for Medical Pot
Mar 8 2019 // The New Hampshire Supreme Court has ruled that a labor appeals board was wrong to determine that workers’ compensation insurance can’t reimburse an employee for the cost of medical marijuana. The court found...
