Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Factbox: Growing List of Insurers Make Brexit Plans for EU Subsidiaries
Dec 20 2017 // Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not have access to the single market after Brexit: ADMIRAL. British motor insurer Admiral Group said last year that it could...
Florida’s Citizens Expects Policy Count Increase in 2018, Plans Claims System Upgrade
Dec 20 2017 // Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began...
Alera Group Acquires Illinois’ Hallberg Commercial Insurers
Dec 19 2017 // Deerfield, Illinois-based employee benefits, property/casualty, risk management and wealth management firm, Alera Group, has acquired Hallberg Commercial Insurers Inc. in Oakbrook, Illinois. Hallberg Commercial provides...
N.Y. Finalizes Regulation to Protect Drivers from Unfair Auto Insurance Rates
Dec 19 2017 // The New York Department of Financial Services (DFS) has finalized a regulation that protects New York drivers from unfairly discriminatory auto insurance rates and has already reached agreements with two major insurers...
Navigators to Buy Belgian Specialty Insurer, Reinsurer
Dec 18 2017 // U.S.-based global specialty insurer The Navigators Group has agreed to purchase all of the shares of Assurances Continentales – Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM),...
Homeowners Fear Losing Insurance in Midst of California Fires
Dec 18 2017 // California homeowners and regulators have a new fear about wildfires ravaging the state: that insurers will drop coverage. Massive, out-of-season fires in northern and southern California are causing billions of dollars in...
Language Lessons for Property/Casualty Insurers
Dec 18 2017 // InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf...
For Florida Insurer American Integrity, Giving Back is Part of Company Culture
Dec 18 2017 // 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...
After the Storms: The Insurance Industry to the Rescue
Dec 18 2017 // When disaster strikes, the insurance industry plays a critical role in helping affected individuals, businesses and communities get back on their feet. After all, an insurance policy is a promise to pay when tragedy and...
The Road to a Rebound After 2017 Storms, Wildfires: Fitch
Dec 18 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
How Commercial Insurance Customers Rate Large Carriers, Brokers
Dec 18 2017 // Overall customer satisfaction with large commercial insurers increased in 2017, driven primarily by insurers’ focus on more tailored and diversified products for their customers. That’s according to the J.D....
Louisiana Citizens Property Insurance Policy Count Continues to Drop
Dec 15 2017 // The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. The eleventh round of...
Insurer Settles Federal Suit With Defunct Tennessee Plant Over Unpaid Bills
Dec 15 2017 // A settlement has been reached in a federal lawsuit over $750,000 in unpaid utility bills at a shuttered Tennessee glass plant. The Kingsport Times News reports insurer North American Specialty sued Heritage Glass and its...
Attorneys, Not Adjusters, Handle Claims at Texas Medical Malpractice Insurer, Capson
Dec 13 2017 // Austin, Texas-based Capson Physicians Insurance Co. announced it is providing in-house attorneys, rather than adjusters, to help facilitate claims for insureds. According to Capson Physicians Insurance President and...
Report: Nearly $60M in Texas Windstorm Insurer Hurricane Ike Claims Still Unpaid
Dec 13 2017 // The Houston Chronicle reports that several school districts, cities and other government agencies are still waiting for a Texas insurer to pay nearly $60 million in claims from Hurricane Ike, adding to more insurance...
What to Know About the Senior Care Market
Dec 13 2017 // The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the...
Tower Group Companies Top List of U.S. P/C Impairments in 2016: A.M. Best
Dec 13 2017 // Of the 14 property/casualty impairments identified for 2016, 11 were members of the Tower Group, with the remaining three composed of two medical professional liability risk retention groups and a commercial lines...
Factbox: More Insurers Make Decisions About Post-Brexit Headquarters
Dec 13 2017 // Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union. Below are insurers’ plans for EU subsidiaries (in...
California Commissioner Wants Halt to Moratoriums in Wildfire Areas
Dec 12 2017 // California Insurance Commissioner Dave Jones has issued a formal notice to insurers directing them to cease any and all moratoriums on auto insurance and reminding them that California law prohibits the practice. Jones...
Digital Insurer Lemonade Says No License Needed by Adopters of Its API Sales Platform
Dec 11 2017 // Digital insurer Lemonade says companies that integrate its insurance sales platform, or API, into their own apps and web sites “generally speaking do not have to be licensed as insurance agents or brokers.” At...
