Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Wildfires Threaten Significant Losses for P/C Insurers, Moody’s Says
Oct 16 2017 // Moody’s released a report on Monday assessing the impact of the wildfires in California on property/casualty insurers. “Based on history and the number of structures damaged, insured losses will run into the...
Hiscox Re Offers Private Label Flood Insurance Endorsement for U.S. Insurers
Oct 16 2017 // Bermuda-based reinsurer Hiscox Re, along with insurance linked securities investors (ILS), has launched a flood insurance product for personal lines insurers to sell in the U.S. The turnkey flood insurance product, named...
Acquiring Insurers Underperformed in 2016: Willis Towers Watson
Oct 16 2017 // Research from Willis Towers Watson published earlier this month revealed that insurers doing acquisitions in 2016 underperformed in comparison to peers that stayed away from M&A. WTW used a performance measure based on...
Q3 Catastrophe Losses Will Bring Rate Hikes by London Market Insurers: Fitch
Oct 16 2017 // Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch...
Directors for Hawaii Workers’ Comp Insurer HEMIC Declare $3.5M Dividend
Oct 16 2017 // The board of directors of Hawaii Employers’ Mutual Insurance Company Inc. has declared a $3.5 million dividend payable to qualifying policyholders. This is $500,000 dollars more than HEMIC’s dividend last year,...
Get Very Used to Drone Usage in the Insurance Industry
Oct 16 2017 // One major insurance carrier already has a program underway to train claims adjusters to visit accident sites and fly drones to gather data. American Family Insurance started working on developing a drone program around...
Texas Harvey Recovery Czar Says Insurance Industry Needs to ‘Step Up’
Oct 16 2017 // The insurance industry in Texas is not happy with the state’s so-called Hurricane Harvey recovery czar. Texas A&M University Chancellor John Sharp, who was named by Gov. Greg Abbott to lead the Commission to...
Trump Defends Killing Off Obamacare Subsidies; 18 States Sue in Uphill Battle
Oct 15 2017 // Eighteen U.S. states sued President Donald Trump’s administration on Friday to stop him from scrapping a key component of Obamacare, subsidies to insurers that help millions of low-income people pay medical expenses,...
California Commissioner Asks Insurers to Expedite Claims to Aid Wildfire Victims
Oct 15 2017 // California Insurance Commissioner Dave Jones over the weekend issued a notice to insurers asking them to agree to expedited claims handling procedures for wildfire damage claims to help fire victims more quickly. Several...
More Re/Insurers Issue Their Q3 Natural Catastrophe Loss Estimates
Oct 13 2017 // The third quarter natural catastrophe loss estimates continue to rise, as more insurers and reinsurers weigh in with their loss totals from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. The latest...
How Insurers, Employers Can Help Close Income Gap in U.S.: Zurich Insurance Research
Oct 13 2017 // Public/private partnerships between governments, companies and insurers can help ease income gaps that burden millions of Americans, according to new research from Zurich Insurance Group and the University of...
Insurtech Mobile-Based Auto Insurer Root Expands into Utah
Oct 13 2017 // Root Insurance has expanded its services to drivers in Utah. Root, which is now operating in Illinois, Oklahoma, Indiana, Ohio and Arizona, asserts that drivers can save up to 52 percent by using Root’s data-driven...
Trump Ends Health Insurer Subsidy; Allows Association Health Plans, Expense Accounts
Oct 12 2017 // President Donald Trump’s administration took its most drastic step yet to roll back the Affordable Care Act, cutting off a subsidy to insurers hours after issuing an executive order designed to draw people away from...
Insurers, Tech Firms ‘Must Work Together’ to Tackle Emerging Technology Risks
Oct 12 2017 // The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms have moved fast to...
Saudi Arabia Develops Stronger Capital Rules for Insurers: Sources
Oct 12 2017 // Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller number of stronger market players operating in the country, two people with direct knowledge of...
Oklahoma County’s Insurer to Pay $750K in Inmate Death Settlement
Oct 11 2017 // A settlement has been reached in a federal lawsuit over the 2013 death of a diabetic man who was denied medical treatment at a county jail in Oklahoma, according to court records. McClain County commissioners will pay...
What Insurance Companies Need to Know About Part 500 Cybersecurity Compliance
Oct 10 2017 // If there were any remaining doubts about the vulnerability of our online systems, they were dispelled in September when giant credit reporting company Equifax revealed it was breached in July by cyber criminals,...
Insurers, Reinsurers Tally Maria, Irma, Harvey and Other Disaster Losses
Oct 10 2017 // Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey, the Mexico City earthquake and other events, have led global insurers and reinsurers to issue profi warnings.t Below are...
Why Mandating Cyber Reporting, Basic Coverage Makes Sense: Cyence Exec
Oct 9 2017 // Powered by InsuranceJournal.tv Matt Honea, cyber manager at Cyence, a San Mateo, Calif.-based cyber risk modeler, thinks a great way to get companies to report cyber attacks is to make them do it. Honea, who believes...
After Hurricane, Bond Insurer Drops Lawsuit Against Puerto Rico
Oct 8 2017 // Puerto Rico bond insurer Assured Guaranty Ltd. said late on Friday it voluntarily withdrew a complaint that challenged the legality of the island’s fiscal turnaround plan, citing the devastating impact of Hurricane...
