Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Causey Schedules Hearing to Settle Rate Dispute with North Carolina Insurers
Feb 11 2019 // In response to a filing by North Carolina insurers for a 17.4 percent rate increase in homeowners insurance rates, North Carolina Insurance Commissioner Mike Causey has set a Sept. 4, 2019 hearing date, saying he does not...
Sanctions Against Sudan Are Lifted but Insurers Still Can’t Buy Overseas Reinsurance
Feb 11 2019 // Sixteen months after the United States lifted most sanctions on Sudan, businesses are unable to operate dollar transactions, insurance companies are cut off from the reinsurance market and the local airline is virtually...
Insurer Offers Employee Benefit Deal: Student Loan Relief for Unused Vacation Time
Feb 7 2019 // Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days. The new perk is a creative twist...
North Carolina Auto Insurers Request 7.6% Rate Increase
Feb 5 2019 // The annual auto insurance filing from the North Carolina Rate Bureau to the North Carolina Department of Insurance calls for an overall statewide average increase of 7.6 percent, according to a statement from Insurance...
Iowa High Court: Insurer Not on Hook for Electrical Damage Caused by Squirrel
Feb 4 2019 // The Iowa Supreme Court says an insurance company doesn’t have to pay for damages after a squirrel climbed onto an electrical transformer and triggered a high-voltage spark that damaged a city’s power...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
Parent-Centric Auto Insurer, Apparent, Launches in Texas
Feb 4 2019 // Apparent Insurance, a new auto insurance company designed for parents by parents, has begun offering coverage in Texas. The company has been established to provide specialized coverage and services for parents at every...
Lawmakers Need to Decide Nature of Texas Windstorm Insurer, Sunset Commission Says
Feb 4 2019 // To be the insurer of last resort for wind and hail insurance along the Texas coast — without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives...
An Old Dog Up to New Tricks
Feb 4 2019 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the past 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Navigating Today’s Nonprofit Insurance Market
Feb 4 2019 // Nonprofits are a lot like most insurance clients; there’s not much difference. They seek trusted and consultative relationships with their agents, brokers and carriers. They seek partners that understand their...
Wishes & Predictions… in their own words
Feb 4 2019 // Ely Kaplansky, President, Kaplansky Agency, MA Increased market share. Rate increases. Continued profitable growth. Crag Shink, Managing Partner, C.H. Shink & Associates, NY A harder market in some segments. Increasing...
AM Best Says Specialty Insurer Exposures to PG&E Bankruptcy Within Risk Appetites
Feb 1 2019 // Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy filing by PG&E Corp., the California utility whose equipment is being...
The Polar Vortex And Climate Change
Jan 31 2019 // A new report outlines the numerous risks insurers face from climate change. The report from Sustainalytics, a provider of ESG (environmental, social and governance) and corporate governance products and services, shows...
Insurers with Best Service Win More Business from Independent Agents
Jan 31 2019 // It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting...
Pennsylvania’s Largest Workers’ Comp Insurer Files Plan to Correct Charges
Jan 31 2019 // Pennsylvania’s State Workers Insurance Fund (SWIF), the largest writer of workers’ comp insurance in Pennsylvania, has filed a plan to retroactively correct charges to employers for their workers’...
New Georgia Commissioner Beck Implements Insurer Rating, Complaint Systems
Jan 31 2019 // Georgia’s new Insurance Commissioner Jim Beck has issued several orders directed at insurers since he took office earlier this month as part of what he says is fulfilling his campaign promise to be a commissioner for...
Octo Telematics to Provide Commercial Fleet Telematics to Mexico Auto Insurer
Jan 30 2019 // Octo Telematics, the Rome-based provider of telematics and data analytics solutions for the auto insurance industry, has partnered with Qualitas, Mexico’s largest auto insurer with operations throughout Mexico, Latin...
French Insurer Covea Abandons Hostile Takeover of SCOR
Jan 30 2019 // SCOR SE slumped the most in more than a decade in Paris trading [on Tuesday, Jan. 28] after rival Covea abandoned efforts to buy the French reinsurer, ending one of the country’s most acrimonious takeover attempts in...
Travel Insurer Allianz Predicts More New England Than Los Angeles Fans at Super Bowl
Jan 29 2019 // Even though the New England Patriots already have 10 Super Bowl appearances behind them, its fans will be showing up in droves to this year’s game, which pits them against the Los Angeles Rams on Sunday, February 3...
Global Malware Attack Could Cost Insurers $27 Billion
Jan 29 2019 // A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for risk management...
