Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
P/C Insurers’ Bottom Line Should Benefit from Trump Tax Cut
Jan 25 2018 // Federal tax reform was a big topic of discussion at the Insurance Information Institute’s 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law is going to be...
Florida Agents March on State Capitol in Lawmaker Push to Reform AOB
Jan 25 2018 // More than 125 insurance agents from across Florida, along with members of the Consumer Protection Coalition (CPC), march to the Florida Capitol on Wednesday to highlight the need for Assignment of Benefits (AOB) reform....
California Commissioner Wants Insurers to Pass Tax Savings to Policyholders
Jan 23 2018 // California Insurance Commissioner Dave Jones wants insurers in his state to pass along savings from taxes expected to be generated by the new tax bill passed in Congress recently. “The recent revision to the Federal...
Airbus Looks to Insurers to Fill Export Trade Funding Gap After Europe’s Freeze
Jan 23 2018 // Airbus said on Monday it is working with private insurance firms and banks to help fill a two-year gap in trade funding left by a European freeze on government export credits, but expects limited public financing to resume...
Ratings Outlooks Revised to Positive for South Dakota Insurer
Jan 22 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Northwest G.F. Mutual Insurance Co. (NWGF)...
Oklahoma Says Farmowners Insurance Program Insurer, Rockingham, not Licensed
Jan 22 2018 // The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Co., is not licensed to operate in the state. In early January,...
Insurer Loses Michigan Suit; Finds Policy Language Costly
Jan 22 2018 // A dispute over four words will cost an insurance company about $200,000. A federal appeals court in Michigan has ruled in favor of a man in the Grand Rapids area who suffered serious injuries during a motorbike crash in...
Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse
Jan 22 2018 // A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a...
Insurers Off The Hook for West Virginia Hole-in-One Tournament Payouts
Jan 22 2018 // A federal appeals court says Gov. Jim Justice’s charity is stuck with almost $200,000 in payouts made to fans at the 2015 Greenbrier Classic tournament after two golfers aced the 18th hole at his resort in southern...
Commercial Automobile Remains Sore Spot in P/C: A.M. Best
Jan 19 2018 // The performance of the commercial automobile segment continued to deteriorate through third quarter 2017, according to a new A.M. Best report. Commercial auto has been a sore spot in the property/casualty for several...
Tennessee Captive Insurance Companies Exceed $1 Billion in Premiums
Jan 19 2018 // The state of Tennessee saw domestic captive insurance companies exceed $1 billion in written premiums in 2017 for the first time – a milestone for Tennessee’s burgeoning captive insurance marketplace. In addition...
Insurers Increasing Payments to California Wildfire Victims Sans Itemization
Jan 18 2018 // California Insurance Commissioner Dave Jones on Thursday released the results of the formal notice he issued last month to all residential property insurers requesting they provide up to 100 percent of contents coverage...
For Florida Insurer American Integrity, Giving Back is Part of Company Culture
Jan 18 2018 // American Integrity Insurance Group’s charitable efforts have become an integral part of the company’s culture, and not just during the holiday season. The Florida-based insurer, which formed in 2006, began...
Just a Few Thoughts About Assignments of Benefits
Jan 17 2018 // You may have figured out that I like to watch the insurance news. I mean, I work for the company that produces my favorite insurance news (Insurance Journal) and I don’t say that just because I work here. I was an IJ...
Report Shows Florida AOB Abuse Worsening as Lawmakers Consider Reforms
Jan 17 2018 // The 2018 Florida Legislative Session is underway, and lawmakers have wasted no time taking up legislation to address the assignment of benefits crisis plaguing the state. While they debate which reform option to back,...
Oklahoma Says Farmowners Insurance Program Insurer, Rockingham, Not Licensed
Jan 16 2018 // The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Company, is not licensed to operate in the state. In early January,...
Iowa High-Rise Project Uncertain After Property Swap with Insurer
Jan 12 2018 // The developer of an $88 million high-rise project in downtown Des Moines has announced plans to trade the land to an insurance company in exchange for a portion of a downtown property. Blackbird Investments’...
Verisk’s ISO Personal Lines Program Targets $40 Billion Private Flood Insurance Market
Jan 11 2018 // Things just got a bit easier for private personal lines insurance carriers wanting to enter the flood insurance market. Through its ISO subsidiary, data analytics firm Verisk has launched a new personal lines flood...
Compensation for Iran Tanker Accident Could Be Complicated by U.S. Sanctions
Jan 11 2018 // The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi,...
Main Street America Group in Florida Promotes Osman to VP of Personal Lines
Jan 11 2018 // The Main Street America Group has promoted Darryl Osman to vice president of personal lines. Osman remains based at the company’s home office in Jacksonville, Fla., and reports to Dan Gaynor, the company’s...
