Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Massachusetts Court Sides with Norfolk & Dedham in Personal Injury Suit
Apr 27 2017 // The Massachusetts Appeals Court has upheld a Superior Court decision that defendant, Norfolk & Dedham Mutual Fire Insurance Co., did not engage in unfair settlement practices in its handling of a personal injury claim....
Octo Telematics Offers Insurers Distracted Driving Scoring Feature
Apr 27 2017 // Octo Telematics is making available a distracted driving scoring and analysis feature within its suite of telematics products used by its more than 60 auto insurer customers. The scoring feature is available for both...
Eastern Newfoundland Windstorm Costs Insurers US$32.5M
Apr 27 2017 // A windstorm that hit eastern Newfoundland on March 11, 2017 has resulted in almost C$45 million (US$32.5 million) in insured damage, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe...
Political Risk Tops List of Worries for Insurers Across Globe: GS Survey
Apr 27 2017 // Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken...
Biohazard Cleanups Not Pretty-and Neither Are the Costs to Insurers
Apr 27 2017 // If Peter Duncanson is on the scene, it’s probably not pretty. It could be a CSI-like crime scene with spattered blood and skin fragments on the sofa and wall. Or a trauma scene where an injured employee or animal...
Florida House Advances Bill Targeting Claims Abuse, But Senate Battle Looms
Apr 27 2017 // A bill aimed at decreasing insurance claims abuse in Florida has made it through the Florida House, and the industry’s hope for assignment of benefits reform now officially rests with the state Senate. The Florida...
Vertafore Acquires Analytics Firm RiskMatch
Apr 25 2017 // Insurance technology firm Vertafore said it has acquired RiskMatch, a Connecticut-based business intelligence and analytics company that provides portfolio management and placement services to insurance brokers and...
Despite Opposition, Controversial Insurance Bill Moving in Texas Legislature
Apr 24 2017 // Note: This story originally appeared in the Texas Tribune Texas property owners could face new hurdles when they try to sue their insurer over storm claims under controversial legislation being cheered by groups seeking...
Intellectual Property Coverage Presents Challenges in Private D&O
Apr 24 2017 // Physical property damage due to natural disasters, weather-related or man-made incidents, can be relatively straightforward to assess, but understanding how a different form of property causes damage can be a little more...
Trump to Order Review of Dodd-Frank Reforms, Taxes for Insurers, Banks
Apr 21 2017 // President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business. A White...
Main Street America Promotes Frazier to SVP; Appoints 3 New Company Officers
Apr 21 2017 // The Main Street America Group has made changes to its personnel, including promoting Tom Frazier, the company’s chief investment officer, to senior vice president. Frazier has been a Main Street America vice...
Insurer Fined More Than $200K in Delaware for Unfair Practices
Apr 20 2017 // The Delaware Department of Insurance, along with insurance regulators for forty-eight other jurisdictions, have reached a multi-million dollar settlement with Assurant Inc. regarding the company’s writing of...
CoverHound Launches Online Rideshare Insurance Offering
Apr 20 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...
Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council
Apr 19 2017 // With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of a key figure on the federal body that determines how large insurance companies are regulated. Roy Woodall, the...
Insurers Increasingly Embrace Robots over Humans for Customer Service
Apr 19 2017 // Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you’ll just as likely end up dealing with a robot as a human within...
Obamacare Insurers Struggle to Set Plans Amid Threats to Program
Apr 18 2017 // Obamacare is stuck in limbo, and insurers and state regulators are struggling to set their plans for what’s increasingly shaping up as a chaotic year for the health-care program. After the failure of...
Trump Aims to Raise Insurer Participation in Obamacare with New Rules
Apr 17 2017 // The Trump administration finalized a set of rules that it says will help bolster insurer participation in Obamacare’s markets, even as the president presses for repeal of the law itself. The rules, published Thursday...
Cayman Islands Issues 39 Insurer Licenses in 2016
Apr 17 2017 // The Cayman Islands Insurance Industry saw a “buoyant” start to 2017, with eight new insurer licenses issued in the first quarter, which followed a strong year in 2016 when 39 insurer licenses were issued, said...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 17 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest rate decreases, according to a...
Duke Energy Sues 30 Insurers Over Coal Ash Cleanup Costs in Carolinas
Apr 17 2017 // The largest U.S. electric company sued 30 international and domestic insurance companies last month, saying they should cover part of the utility’s multibillion-dollar cleanup costs in the Carolinas for toxic...
