Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Report Identifies P/C Insurance Companies with Best Reputations
Dec 3 2018 // USAA Insurance has the highest and best overall reputation among insurers, according to a new report from the Reputation Institute. The insurer landed in the top spot based on criteria including strong reputation,...
California Seizes Small Insurer Merced P&C Due to Wildfire Claims
Dec 2 2018 // California regulators moved Friday to take over an insurance company that can’t pay out all claims following a massive wildfire that destroyed more than 13,000 homes. Merced Property & Casualty Company was pushed...
Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers
Nov 29 2018 // California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an...
Moody’s Says California Wildfire Losses Will Impact P/C Insurer, Reinsurer 4Q Earnings
Nov 29 2018 // Moody’s has released estimates showing property/casualty insurers and reinsurers total insured losses at $10 billion $15 billion from the California wildfires, which destroyed more than 20,000 residential and...
Timeline: Australia’s Inquiry of Misconduct at Banks, Insurers, Wealth Managers
Nov 29 2018 // For nine months a quasi-judicial public inquiry into Australia’s financial system has heard allegations of bribery, fraud, board-level cover-up, abuse of power and the charging of fees for no service. As the inquiry...
What Insurers Want and Get from Insurtech Partnerships
Nov 29 2018 // Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s...
Puerto Rico Reforms Claims, Surplus Lines, Other Insurance Laws
Nov 29 2018 // The governor of Puerto Rico overhauled the U.S. territory’s insurance laws on Tuesday to help protect policyholders as thousands of claims remain unresolved more than a year after Hurricane Maria. Gov. Ricardo...
How Insurer Deployed Technology to Expedite Wildfire Claims
Nov 29 2018 // As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from...
Markel International to Partner with Yacht Insurer Pantaenius
Nov 28 2018 // Markel International, the specialist insurer, will partner with Pantaenius GmbH, the European yacht insurance provider, to strengthen and broaden the capabilities and services that together they provide their clients...
Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims
Nov 28 2018 // Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers...
CLO Fever: Small Insurer Bets Big on Booming Leveraged Loan Market
Nov 27 2018 // Advantage Insurance of San Juan, Puerto Rico, is no one’s idea of a financial colossus. But this little insurance company is making a giant bet on some of the hottest investments around: collateralized loan...
North Carolina School System, Insurer Settle for $1.5M With Woman Who Lost Leg in Fall
Nov 26 2018 // A North Carolina school system and its insurance carrier have agreed to pay $1.5 million to a woman whose left leg was amputated after she fell at a school in 2015. The News & Observer of Raleigh reports Karen Clark...
Judge Nixes U.S. Suit Against Malaysia Airlines, Insurer Allianz Over Plane Disappearance
Nov 25 2018 // A U.S. judge has dismissed nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims’ families sought to hold the carrier, its insurer Allianz SE and Boeing Co. liable for the...
SCOR Launches Paris-Based P/C Specialty Insurer to Ensure Post-Brexit Continuity
Nov 22 2018 // SCOR announced the formation of SCOR Europe SE, a Paris-based P/C specialty insurance company, to ensure the continuity of services after Brexit. With effect from Jan. 1, 2019, SCOR Europe SE, a fully owned subsidiary of...
A.M. Best Discusses What’s Ahead for UK Insurers as Brexit Deadline Looms
Nov 21 2018 // When the UK withdraws from the EU, and at the end of any transition period, passporting rights that currently exist between the UK and countries in the European Economic Area (EEA) are expected to cease, said A.M. Best in...
Court: Travelers Insurer Off the Hook in Florida Hotel Chain Data Breach Suit
Nov 21 2018 // A U.S District Court in Florida’s ruling could have wide-reaching effects with respect to an insurer’s duty to defend commercial general liability policyholders in data breach cases resulting from the acts of...
A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure
Nov 20 2018 // Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second...
Report Identifies P/C Insurance Companies with Best Reputations
Nov 20 2018 // USAA Insurance has the highest and best overall reputation among insurers, according to a new report from the Reputation Institute. The insurer landed in the top spot based on criteria including strong reputation,...
School’s Insurer to Cover Michigan Runner’s $4.5M Injury Lawsuit Settlement
Nov 19 2018 // A runner who sued his Michigan high school cross-country coach after he was severely injured during a dark early-morning practice has settled the case for $4.5 million. In 2011, Kersch Ray was a 13-year-old member of the...
Texas’ Hochheim Mutual Insurers Removed From Credit Watch Negative
Nov 19 2018 // S&P Global Ratings has removed Texas-based Hochheim Prairie Farm Mutual Insurance Assn. (HPFMIA) and its subsidiary, Hochheim Prairie Casualty Insurance Co. (HPCIC, collectively Hochheim) from Credit Watch Negative,...
