Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Pennsylvania Court Awards Summary Judgment to Insurer Accused of Bad Faith
May 7 2018 // A judge in the U.S. District Court for the Western District of Pennsylvania awarded summary judgment to an insurer accused of bad faith after denying a man’s claim for losses exceeding $1 million. The court found...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
Cyber Insurers Say Underwriting Is Profitable, For Now
May 7 2018 // Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting...
Insurers Should Take Notice of Ohio Workers’ Comp Subrogation Ruling
May 7 2018 // The Ohio Supreme Court has held two insurers jointly and severally liable to the Ohio Bureau of Workers’ Compensation (BWC) for past, present and estimated future payments the BWC made under a workers’...
North Carolina Homeowners Insurers Agree to 4.8% Rate Increase
May 7 2018 // The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau to increase homeowners insurance rates statewide by an average of 4.8 percent. The agreement between the two parties...
What If Tech Companies, Carriers Conspire to Denigrate Consumer Protections and Agency Value?
May 7 2018 // Here’s to ruffling feathers: Indeed, entities do exist in the insurance industry that do not look after their customers adequately. Carriers also exist that scrimp on claims, and some take shortcuts in underwriting,...
California Man Nabbed for Collecting Workers’ Comp from Multiple Insurers While Working
May 4 2018 // Michael Williams, 34, of Daly City, Calif., has been arrested on 21 felony counts of insurance fraud and grand theft after allegedly working for multiple employers while collecting over $85,000 in workers’...
Insurer Sees Growth in Insurance Market for Telemedicine Providers
May 4 2018 // As the U.S. market for telemedicine continues to expand, so does demand for insurance coverage for these providers, according to Beazley, which launched its product last summer. The U.S. is the largest and most mature...
California Bills Inspired by 2017 Mudslides and Fires Clear Committee
May 2 2018 // Two bills inspired by the 2017 mudslides and fires in California that are designed to help prevent homeowners from being underinsured when disaster strikes passed the Assembly Insurance Committee on Wednesday. The bills,...
Insurers Offering Discounts on Tornado-Resilient Homes in Oklahoma
May 2 2018 // Dozens of insurance companies are now offering discounts to Oklahomans who have built or retrofitted their homes to certain tornado-resilient standards, the Oklahoma Insurance Department announced. A new law went into...
Explaining a Policy to Someone Who Knows Better
May 2 2018 // A good friend and colleague forwarded me a press release written and sent out by a public adjusting company. Since I was wondering what to write about this week, I’m truly grateful for the article, but when I read...
Insurtechs Haven’t Yet Made Impression on Public
May 2 2018 // Insurtechs may be trying to transform how carriers, brokers and agents do business, but customers aren’t widely aware of their existence just yet, J.D. Power has determined. J.D. Power, which focused mostly on the...
Crop Insurer NAU Country Insurance Enhances Crop Management Platform
May 1 2018 // Iteris, Inc., a data firm focused on the transportation and agriculture industries, and U.S. crop insurance provider NAU Country Insurance Co. have added Iteris’ ClearAg Spray Advisor and crop growth stage models to...
Illinois House OKs Development of State-Financed Workers’ Comp Insurer
Apr 30 2018 // Illinois’ House of Representatives has passed a bill that would create a state-monitored insurance company with the intention of driving down workers’ compensation insurance costs in the state. The House voted...
U.S. Insurers Not Doing Enough on Sustainability, New Report Shows
Apr 26 2018 // A new report from a sustainability advocate gives two green thumbs down to the U.S. insurance industry for its inability to grow its efforts, or its interest, in dealing with climate change compared with other sectors. The...
Bills Addressing Last Year’s California Wildfires Have Insurers Concerned
Apr 26 2018 // Insurance industry representatives said on Thursday they are working with the authors of pair of controversial bills approved by a committee in the California state Senate that are designed to give relief to victims of the...
Insurers Say Cyber Insurance Underwriting Is Profitable for Now: PwC
Apr 26 2018 // Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting...
Pennsylvania Court Awards Summary Judgment to Insurer Accused of Bad Faith
Apr 26 2018 // A judge in the U.S. District Court for the Western District of Pennsylvania awarded summary judgment to an insurer accused of bad faith after denying a man’s claim for losses exceeding $1 million when a fire...
California Commissioner Doing Battle with Insurers over Wildfire Bills
Apr 25 2018 // California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supports say will protect survivors of last year’s wildfires that struck in the...
N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements
Apr 25 2018 // The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It issued these updated...
