Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Safeco to Take Up Mapfre’s Tennessee, Kentucky, Indiana Business
Feb 20 2018 // MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a Liberty Mutual unit. MAPFRE has...
Former Colorado Police Officer Sentenced for Defrauding Homeowners Insurer
Feb 20 2018 // A former Colorado police officer has been sentenced to 45 days in jail and five years of probation for felony insurance fraud. The Post Independent reported that ex-Silt police Col. Michael Taylor was also ordered to pay...
Insurance Industry Hiring Stabilizes; Key Jobs Remain Difficult to Fill: Study
Feb 20 2018 // Fifty-eight percent of insurance companies plan to increase staff during the next 12 months in part due to expected increase in business and new markets, according to the Semi-Annual U.S. Insurance Labor Outlook Study...
South Carolina Notifies Insurers of Workers’ Comp Loss Cost Updates, Filing Requirements
Feb 19 2018 // South Carolina has alerted insurers of several changes to loss costs for the state’s voluntary and assigned risk workers’ compensation markets and has issued a requirement that updated loss cost multipliers be...
Satisfied Independent Agents Are Growth Engines for P/C Carriers: J.D. Power
Feb 19 2018 // Despite the growth of both technology-based and direct-to-customer sales channels in the property/casualty (P/C) insurance industry, independent agents still control the lion’s share of P/C premiums and represent a...
Texas Appeals Court: Federal Law Preempts State on Air Ambulance Fees
Feb 19 2018 // A Texas appeals court has ruled that federal law, as opposed to state regulation, prevails when it comes to the amount an air ambulance service may charge insurance companies for its services. The Austin Court of...
The High Cost of Cybercrime to Insurers and Banks
Feb 15 2018 // Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past five years, according to a report from Accenture and the Ponemon...
Insurers Express Support for Wisconsin Governor’s Reinsurance Plan
Feb 14 2018 // Gov. Scott Walker’s $200 million plan to reduce health care costs for people purchasing insurance through the private marketplace won support from Wisconsin’s health insurance providers, doctors and medical...
Allianz Raises Stake in Credit Insurer Euler Hermes to 92.43%
Feb 14 2018 // Allianz Group has successfully increased its stake in the leading credit insurer Euler Hermes to 92.43 percent. In November, Allianz first announced it intended to increase its 63 percent shareholding in Euler Hermes by...
Insurers May Not be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’
Feb 14 2018 // Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists at the 2018 Professional...
Kemper to Acquire Nonstandard Auto Insurer Infinity in $1.4 Billion Deal
Feb 13 2018 // Chicago-based insurer Kemper Corp. has agreed to acquire Birmingham-based Infinity Property and Casualty Corp. in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share, creating an insurer...
Tech Company Roost Forms Insurer Partnerships for Home Telematics Pilot
Feb 13 2018 // Roost, a provider of home telematics for property insurance carriers, has partnered with Erie Insurance to test customer engagement with its Roost Smart Water Leak and Freeze Detector device in order to prevent water...
Proposed Hawaii Bill Calls for Insurers to Cover Air Ambulance Rides to Mainland
Feb 12 2018 // A proposed law in the state legislature would require insurance companies to cover air ambulance rides to the mainland for critical procedures not offered in Hawaii. The measure would take the burden off families that are...
Why Tax Cuts May Curb Insurers’ Municipal Bonds Appetite
Feb 12 2018 // Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with property and casualty insurance companies may be breaking up. That’s because last...
Maryland Property Insurer Left Client Data Temporarily Exposed Online
Feb 9 2018 // The Maryland Joint Insurance Association left data about some of its customers exposed online, but there’s no evidence it was accessed improperly. The Baltimore Sun reported Wednesday that a California-based...
January Windstorms to Cost Europe’s Insurers More Than $2B: Aon
Feb 9 2018 // European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon Benfield’s...
Sompo International to Buy Italian Agriculture Insurer A&A
Feb 9 2018 // Sompo International said it has agreed to buy an Italian agriculture insurer in a bid to broaden the reach of a new, recently launched global technology platform focused on the sector. The Bermuda-based specialty...
Software Firm Sapiens to Grow U.S. Market with Acquisition of Adaptik
Feb 9 2018 // Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost...
North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics
Feb 9 2018 // If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success. Their insurers will also be celebrating a tidy profit. The Games are being staged about two...
South Carolina Notifies Insurers of Workers’ Comp Loss Cost Updates, Filing Requirements
Feb 8 2018 // South Carolina has alerted insurers of several changes to loss costs for the state’s voluntary and assigned risk workers’ compensation markets, and has issued a requirement that updated loss cost multipliers be...
