Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
House Passes Flood Insurance Program Extension with Reforms
Nov 15 2017 // The House of Representatives on Tuesday voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills that reauthorizes the National Flood Insurance Program (NFIP) until 2022 and...
5 Ways the Insurance Industry Can Improve Cybersecurity: Former U.S. Security Chief Clarke
Nov 15 2017 // “The insurance industry has a great record of solving problems where government regulation didn’t because the government either didn’t know how to regulate, or the government wouldn’t...
Global Regulators Expected to Drop ‘Too Big to Fail’ Test for Insurers
Nov 14 2017 // Global financial regulators have decided to ditch a “too big to fail” gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as American...
Worried About Hackers, States Turn to Cyber Insurance
Nov 13 2017 // As the threat from hackers and cybercriminals intensifies, a growing number of states are buying cyber insurance to protect themselves — and taxpayers. “It’s expensive. It’s a big budget item for us....
Insurers Face Potential $1 Billion in Claims for Las Vegas Mass Shooting
Nov 13 2017 // The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires. The industry...
China Unveils Rules Allowing Foreign Firms to Take Majority Stakes in Local Insurers
Nov 10 2017 // China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures,...
Maison Insurance Company Expands to Florida
Nov 9 2017 // Property Insurance Holdings Inc. (PIH), a specialty property and casualty insurance holding company, announced it is now licensed in Florida through its wholly owned subsidiary, Maison Insurance Company. This comes after...
China Pledges to Keep Easing Barriers to Entry for Foreign Insurers, Banks
Nov 9 2017 // China pledged to keep nudging open the door to its mammoth financial industry — but it will do so at its own pace. On Thursday, amid a slew of Sino-U.S. dealmaking during President Donald Trump’s visit to...
Vault E&S Approved as Surplus Lines Insurer in Arkansas
Nov 8 2017 // A new Arkansas-based surplus lines insurer has been approved to do business in the state, according to the Arkansas Insurance Department. Vault E&S Insurance Company has been granted authority to sell property,...
Everyone in Insurance Must Act in Good Faith
Nov 8 2017 // Think about an insurance policy for a minute. What is it for? Why buy it and for that matter, why sell it? Let’s not go to doubting our profession, but give it some thought. Why do people buy insurance? There are...
AOB Abuse Tops Agenda at Florida Chamber Insurance Summit
Nov 7 2017 // The Florida Chamber of Commerce brought together regulators, lawmakers, insurance industry executives and other stakeholders last week for the chamber’s annual insurance summit. Through several panel discussions on...
Global Re/Insurers Lobby Against ‘Unfathomable’ House Tax Bill
Nov 7 2017 // Multinational companies including Apple Inc., Pfizer Inc. and Ford Motor Co. would face a new tax on payments they make to offshore affiliates under the House Republicans’ tax bill — a surprise provision that...
Tough Road for Trucking Insurance Specialists
Nov 7 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
Connecticut Lawmakers Create ‘Insurance Company’ to Help Homeowners
Nov 7 2017 // Connecticut legislators are looking to help hundreds, if not thousands, of homeowners whose foundations are crumbling because of an iron sulfide found in the concrete by creating the state’s own insurance...
Puerto Rico Bond Insurers’ Stocks Fall After ’60 Minutes’ Episode on Hurricane Maria
Nov 7 2017 // Shares of three major bond insurance firms with exposure to Puerto Rico fell on Monday after a “60 Minutes” episode aired on Sunday highlighted the extensive damage wreaked on the island by Hurricane...
Maryland’s The Brethren Mutual Insurance Company Hires Glass
Nov 7 2017 // The Brethren Mutual Insurance Company has hired Bob Glass as its new director of underwriting. Glass brings more than 30 years of insurance experience in property and casualty underwriting, marketing and product...
Commentary: Florida’s New Ridesharing Law Could Set Up Coverage Disputes
Nov 7 2017 // As the Sunshine State continues to attract millions of visitors each year who share clogged highways with commuters traveling throughout its ever-evolving metropolitan hub, it is no surprise that Florida has embraced...
Small Business Digital Insurer Attune Adds Starr’s Stamets, OnDeck’s Dreiling
Nov 3 2017 // Digital small business insurer Attune has named Martha Dreiling as head of Analytics and Corporate Operations and Richard E. Stamets as head of Underwriting Strategy. Dreiling oversees Attune’s analytics, people and...
The Central Insurance Companies Appoint Purmort to Board, Executive Committee
Nov 3 2017 // The Central Insurance Companies have announced the election of Evan Purmort to its Board of Directors as well as his appointment to the Executive Committee of the Central Companies. As regional vice president, Purmort...
Filling Approved for First Admitted Insurer in California to Sell Cannabis Insurance
Nov 2 2017 // The California insurance commissioner has approved the first filing by an admitted commercial insurance company to sell cannabis business insurance. Insurance Commissioner Dave Jones on Thursday announced the approved...
