Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures
Sep 10 2019 // Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this year, aiming to create something new and different for their...
Title Insurers Fidelity National, Stewart Information Call Off Merger
Sep 10 2019 // Fidelity National Financial and Stewart Information Services Corp. have agreed to terminate FNF’s proposed merger with Stewart due to the Federal Trade Commission’s issuance of an administrative complaint...
The Aftermath of Hurricane Dorian: Southeast States ‘Dodged a Bullet’
Sep 10 2019 // Residents and the insurance industry in Southeast states are feeling relieved after Hurricane Dorian grazed the U.S. coastline last week just days after it caused catastrophic damage in the Bahamas. While the storm was at...
U.S. Opposes Merger of Title Insurers Fidelity National and Stewart
Sep 9 2019 // The U.S. Federal Trade Commission said on Friday that it had filed an administrative complaint aimed at preventing title insurance provider Fidelity National Financial, Inc. from buying rival Stewart Information Services...
Unlicensed Labor Broker Indicted in New York for $1M Insurance Fraud Scheme
Sep 9 2019 // Unlicensed labor broker Salvador Almonte Jr. and insurance broker Steven Asvazadourian have been indicted in New York for an insurance fraud scheme in which they underreported the size of Almonte’s companies and lied...
China Regulator Puts Cap on Insurers’ Investments in Shareholders
Sep 9 2019 // China’s banking and insurance regulator put a cap on Monday on how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is sharpening its...
Aon Launches Real-Time Loss Forecasting for U.S. Hurricanes, European Windstorms
Sep 9 2019 // Aon plc has launched Automated Event Response (AER), designed to enable insurers to view real-time portfolio risks from two of the costliest perils: U.S. hurricane and European windstorm. Insurers, which aim to indemnify...
Cyber Coverage Confusion
Sep 5 2019 // I had the opportunity recently to read two cyber liability policies and they honestly made my head spin a little. There were coverages that I hadn’t thought about and restrictions that didn’t make sense (at...
5 New Insurance Companies OK’d to Do Business in Arkansas
Sep 4 2019 // Arkansas Insurance Commissioner Allen Kerr has approved five new insurance companies to operate in the state, bringing to 103 the number of new insurance companies approved since January 2015, according to the Arkansas...
Kansas Takes Control of Medical Malpractice Insurer
Sep 3 2019 // The Kansas insurance commissioner will take supervisory control of a company that provides malpractice insurance to nearly 500 medical professionals in Missouri and Kansas. A Shawnee County judge last week placed...
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,...
