Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Maine’s MMG Insurance Company Hires Hochradel as VP of Commercial Lines
Aug 1 2017 // MMG Insurance Company, a Presque Isle, Maine-headquartered regional property and casualty insurance company, has hired Derek Hochradel as vice president of commercial lines, effective July 31, 2017. “Growth of...
More Counties Could Be Without an Obamacare Insurer in 2018
Aug 1 2017 // With Republican efforts to dismantle Obamacare in disarray, hundreds of U.S. counties are at risk of losing access to private health coverage in 2018 as insurers consider pulling out of those markets in the coming...
Health Insurers to Fill Gaps in Ohio’s Individual Coverage Market
Jul 31 2017 // Five health insurance companies in Ohio, including Molina Healthcare Inc., have stepped up to sell health plans in 19 counties that would have been without Obamacare individual coverage in 2018, the state’s insurance...
Insurers Await Trump Decision on Health Insurance Cost Subsidies
Jul 30 2017 // Health and Human Services Secretary Tom Price said Sunday that “no decision’s been made” on whether to continue key Affordable Care Act subsidies to health-insurance companies, but that the...
Turkey’s Insurers Gear Up for Spate of Claims After 2nd Major Storm in 10 Days
Jul 28 2017 // The Borsa Istanbul Insurance Sector Index dropped as much as 2.5 percent on Friday after a brief but ferocious storm in Istanbul on Thursday showered the city with hail as large as golf balls, shattering windows, denting...
California Commissioner Counters AGs, other Commissioners over Climate Initiative
Jul 28 2017 // California Insurance Commissioner Dave Jones has fired off a letter to the 12 oil state attorneys general and one governor from states like Texas and Oklahoma over threats to sue him if he did not stop his Climate Risk...
Vullo Calls on Insurers, Congress for Action in Wake of Lake Ontario Flooding
Jul 28 2017 // As part of New York’s continuing response to flooding in the Lake Ontario region, the New York State Department of Financial Services (DFS) is reminding property and casualty insurers of their responsibility to work...
Wisconsin’s United Heartland Names 3 Top Territory Agencies
Jul 27 2017 // New Berlin, Wis.-based workers’ compensation insurance company, United Heartland, has announced its top territory insurance agencies for 2016. United Heartland’s three 2016 Agency of the Territory winners: TIS...
Insurer Ageas to Sell 50% Stake in Italian Bancassurer to BNP Paribas
Jul 27 2017 // Brussels-based insurer Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its stake in Cargeas Assicurazioni (CARGEAS), a non-life, Italian bancassurer, which provides health, homeowner, automobile...
Private Insurers Cautiously Dip Toes Into Florida Flood Market Waters
Jul 27 2017 // Florida’s efforts in establishing a private flood insurance market have been hailed as a model by many other states looking to buff up their flood insurance offerings, as well as the National Flood Insurance Program...
Progressive Unveils Online Homeowners Insurance Comparison Shopper
Jul 25 2017 // Borrowing from its own auto insurance model, Progressive is announcing a tool called HomeQuote Explorer, an online platform that allows homeowners to quickly compare home insurance quotes from multiple carriers. The...
UK Lawmakers Eye Options for Insurers, Banks to Keep Post-Brexit Access to EU
Jul 24 2017 // British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019. The House of Lords financial affairs committee said it...
Insurers Pummeled by Car Dealers’ Claims for Hail-Damaged Vehicles
Jul 24 2017 // A hailstorm that pounded down on a Subaru dealership in Plano, Texas, barely lasted 30 minutes, but left behind a trail of smashed windows, dented hoods and millions of dollars’ worth of claims for an insurer to...
Super Regional Carriers Urged to Educate ‘Suspicious’ Regulators on Big Data Use
Jul 24 2017 // “We’re curious and we don’t know. When regulators don’t know what’s going on, they get suspicious.” That was Wisconsin Insurance Commissioner Ted Nickel acknowledging that like the...
How Surplus Lines Insurers Can Beat Illinois Bad Faith Claims
Jul 24 2017 // Surplus lines insurers, your Illinois policies are exempt from all statutory bad faith claims. Or at least they’re arguably exempt. But whether arguable or actual, you should be moving to dismiss these claims at the...
Government’s Disruption in Insurtech Market: The Zebra CEO
Jul 24 2017 // Unsurprisingly, discussion surrounding government’s role in free markets with large corporations can be contentious, but it’s critical to understand that laws and regulations serve a purpose. To what extent...
Sign of the Times – Brokers vs. Carriers on a Classic Soft Market
Jul 24 2017 // Brokers vs. Carriers on a Classic Soft Market Chief executive officers of property/casualty insurance brokers and P/C insurance carriers called each other out in June for engaging in activities they said were...
Insurers Say Legal Malpractice Claims Hold Steady But Defense Costs Rise
Jul 24 2017 // Most leading legal malpractice insurers saw claims level off in 2016 although their cost to defend claims continued to escalate. A study by insurance broker Ames & Gough finds while the number of malpractice claims...
Carrier Poll Shows Many Agents Expect Minor Tech Disruption by 2020
Jul 24 2017 // A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their...
Arkansas Welcomes New Private Flood Insurer
Jul 24 2017 // Arkansas Insurance Commissioner Allen Kerr has granted a Certificate of Authority to Florida-based Homeowners Choice Property & Casualty Insurance Company (HCPC) to offer private flood insurance in...
