Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Startup Next Insurance Raises $29 Million from Insurers, Other Investors
May 3 2017 // Next Insurance, a digital insurance company for small to medium businesses, said it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide and other existing...
Insurer’s Lawsuit Says Keurig Coffee Machine Caused Massachusetts Fire
May 3 2017 // A legal dispute is brewing between insurance company Liberty Mutual and Keurig Green Mountain, the maker of single-cup coffee machines. The Boston-based insurer has filed a lawsuit that alleges that a Massachusetts...
Mexico Auto Thefts Surge in Ominous Trend for Insurers
May 3 2017 // Auto-theft rates in Mexico are rising at the fastest pace ever, and authorities are getting worse at tracking down the stolen cars. In March, the number of auto thefts rose 21 percent from the same month a year earlier,...
Canadian P/C Insurer Intact Financial to Acquire OneBeacon for $1.7 Billion
May 3 2017 // Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North...
New Commercial Insurer, Motorists Insurance, to Launch in Tennessee
May 3 2017 // Motorists Insurance Group, based in Columbus, Ohio, has launched a new commercial lines company – Motorists Insurance – in Michigan and Tennessee. The company features state-of-the-art technology to make the process...
Ohio’s Motorists Insurance Launches Commercial Insurance Company
May 2 2017 // Motorists Insurance Group, based in Columbus, Ohio, has launched a new commercial lines company – Motorists Insurance – in Michigan and Tennessee. The company features state-of-the-art technology to make the process...
As Auto Insurance Sales Stagnate, Carriers Turn to Agents: J.D. Power
May 2 2017 // Amid a second straight year of stagnant auto insurance shopping activity and modest rate increases, auto insurance companies have grown increasingly reliant on great customer service, personalized advice and strong agents...
Complex Solvency II Reporting Puts Off Insurer Investors: Willis Towers Watson
May 2 2017 // The insurance sector is at risk of being further marginalized by investors because performance reporting has become more complicated as a result of Solvency II, according to a report published jointly by Autonomous...
Report: South Carolina Workers’ Comp Market Stable With Plenty of Capacity
May 2 2017 // The South Carolina workers’ compensation market is strong, according to the state department of insurance’s most recent report, as the first reform to the state’s workers’ comp system in almost a...
Insurer Group: Illinois Workers’ Comp Bills Would Disrupt Private Market
May 1 2017 // Two pieces of legislation recently passed by the Illinois House would harm the workers’ compensation system in the state, a national insurer group says. American Insurance Association (AIA) said HB 2525 would require...
California Wants Insurers to Double up on Rate Filings
May 1 2017 // Health insurers seeking regulatory approval for 2018 individual insurance plans can file two sets of premium rates as a way to deal with market uncertainty created by Republicans’ promise to repeal and replace...
Report: South Carolina Workers’ Comp Market Stable With Plenty of Capacity
May 1 2017 // The South Carolina workers’ compensation market is strong, according to the state department of insurance’s most recent report, as the first reform to the state’s workers’ comp system in almost a...
Commercial Auto – The Long Road to Profitability
May 1 2017 // The commercial auto market has a long road ahead to reach profitability after five consecutive years of underwriting losses from 2011-2015. While many insurers upped rates in 2016, the year appears to be coming in with...
Online Rideshare Insurance Offering Debut by CoverHound
May 1 2017 // CoverHound is getting into the rideshare insurance business. The online insurance comparison shopping platform has partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for...
The Competitive Advantage: Agency-Carrier Contract Negotiations
May 1 2017 // One of the worst sentences a contract attorney’s clients can hear when that attorney is opining on some onerous clause is absolutely the phrase: “I can win this in court.” For example, when a carrier...
Ohio Jury Says American Family Agents Are Employees; Insurer Disagrees
Apr 28 2017 // A federal jury in Cleveland, Ohio, on April 18 determined that thousands of agents with Madison, Wisconsin-based American Family Mutual Insurance (AmFam) are employees, not independent contractors. According to a news...
Michigan’s Meiers Lombardini Lemanski Agency Joins Keystone Insurers Group
Apr 28 2017 // The Meiers Lombardini Lemanski Agency of East Lansing, Michigan, has joined Keystone Insurers Group. The agency becomes Keystone’s seventh partner in the state. The agency, which was established in 1976, is co-owned...
Munich Re’s Primary Carrier, ERGO, Explores China Digital Business
Apr 28 2017 // ERGO, Munich Re’s troubled primary insurance company, is making a digital push in the massive Chinese market. Mark Klein, ERGO’s chief digital officer, recently visited China to explore how the insurer can...
Canada’s Desjardins Aims to Buy P/C Insurers: CEO Cormier
Apr 28 2017 // Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy...
California Lawmakers Pondering Move to Dump Health Insurers
Apr 27 2017 // California lawmakers are considering an audacious proposal that would substantially remake the state’s health care system by eliminating insurance companies and guaranteeing coverage for everyone. The idea known as...
