Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida AOB Reform Efforts Fail Again as Parkland Tragedy Derails Legislative Session
Apr 16 2018 // With over 900 items on the Florida legislative docket and only 60 days to consider them, it’s not surprising that many bills simply die in committee or are never seriously considered. Add to that a tragic event right...
North Carolina Touts Growth of 5-Year-Old Captive Insurance Program
Apr 16 2018 // North Carolina’s captive insurance company program, now in its fifth year of operation, has established itself as a leading domicile for captive insurance companies, according to a statement from North Carolina...
Surplus Lines: Insurtech and Technological Opportunities, Challenges
Apr 16 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
The New Small Commercial: Why Carriers Need to Better Serve ‘Small Specialty’
Apr 16 2018 // The evolution of the small businesses is creating a service challenge for independent agents and an opportunity for carriers to provide efficient and effective solutions for their agent partners by expanding their service...
New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs
Apr 16 2018 // The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there...
New York DFS Urges Insurers to Encourage the Use of Commercial GPS
Apr 13 2018 // The New York Department of Financial Services (DFS) has advised its regulated insurers to encourage policyholders that investing in commercial global positioning system (GPS) equipment could reduce motor vehicle collisions...
Central Banks Eye Effects of Climate Risks on Oversight of Insurers, Companies: Opinion
Apr 13 2018 // Central bankers have been dubbed “masters of the universe” for the tools and powers they have acquired since the financial crisis. Some of them now want to play a more active role in the fight against climate...
USA Gymnastics Sues Insurance Carriers Over Nassar Lawsuit Costs
Apr 13 2018 // Indianapolis-based USA Gymnastics is suing its insurance carriers, alleging that they haven’t fully reimbursed it for defense costs incurred in lawsuits filed by victims of disgraced former sports doctor Larry...
Insurer Hagerty’s 10 ‘Hot’ Future Collectible Cars from 2018 Models
Apr 12 2018 // While the future of new car ownership may be up for debate, 2018 has ushered in a new class of vehicles that promise to be sought-after collectibles. According to Hagerty, which specializes in insurance for collectible...
Insurer to Pay $1.6M to Settle Indiana Suit Over Autism Therapy
Apr 12 2018 // An insurance company has agreed to pay more than $1.6 million to settle a federal lawsuit filed by Indiana parents who were denied coverage for therapy for their children with autism. Two families sued Anthem in 2016 after...
Troubled Chinese Insurer Anbang Interviews Banks About Asset Divestments: Sources
Apr 12 2018 // Anbang Insurance Group Co., the troubled Chinese insurer seized by the government, is interviewing investment banks to advise on potential asset divestments, people with knowledge of the matter said. The once-acquisitive...
EU Regulators Urge Insurers, Banks to Take ‘Timely Action’ to Avoid Brexit Disruption
Apr 12 2018 // European Union regulators urged banks, investors and customers on Thursday to take “timely action” to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain leaves the EU...
Cyber Risk Score Could Help Insurers Refine Cyber Coverage
Apr 11 2018 // The rapidly emerging and evolving world of cyber risk poses a paradox for property/casualty insurers, according to two panelists addressing “Risk Selection in Cyber Insurance” at the Casualty Actuarial...
Natural Disasters Cost Insurers a Record $144 Billion in 2017: Swiss Re’s sigma
Apr 10 2018 // Global insured losses from natural catastrophes were US$144 billion in 2017, the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest losses came from...
Moody’s Offers Software for Insurers Preparing for Reporting Standards IFRS 17
Apr 10 2018 // Moody’s Analytics has launched RiskIntegrity™ IFRS 17, a cloud-ready solution designed to help insurers report under International Financial Reporting Standard (IFRS) 17, the new standard governing insurance...
North Carolina Touts Growth of 5-Year-Old Captive Insurance Program
Apr 10 2018 // North Carolina’s captive insurance company program, now in its fifth year of operation, has established itself as a leading domicile for captive insurance companies, according to a statement from North Carolina...
Thatcher Joins Ohio Workers’ Comp Insurer as Inclusion & Diversity Director
Apr 9 2018 // The Ohio Bureau of Workers’ Compensation (BWC) has hired its first director of Inclusion & Diversity. Carolina Thatcher assumes the role following a similar stint with the Ohio Department of Job and Family...
Former Scottsdale Insurance Chief Miller to Start New E&S Carrier, Ategrity
Apr 6 2018 // Mike Miller, the long-time president and chief operating officer of excess and surplus lines giant Scottsdale Insurance Co., is launching a new specialty property/casualty insurance company named Ategrity Specialty...
TeenSafe in California Taps Moore to Lead Outreach to Insurers
Apr 6 2018 // TeenSafe has hired Aaron Moore as the company’s head of channel sales. Moore will work with insurance companies to develop programs to parents of help teens eliminate distracted driving. He will be reaching out to...
Russia’s Insurers May Need More State Bailouts, Says Insurance Association Chief
Apr 6 2018 // Russia’s banking crisis and a weak economy could spell more trouble for its insurance sector, requiring further state support following the bailout of top insurer Rosgosstrakh last year, the head of the...
