Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Stamping Office Notes Changes to Eligible Surplus Lines Insurers List
Apr 13 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified the following changes to the Texas surplus lines insurers list: Effective Jan. 30, 2017, Fireman’s Fund Insurance Company of Ohio redomesticated to...
Trump May Withhold Insurers’ Funds to Force Democrats to Negotiate Healthcare
Apr 13 2017 // U.S. President Donald Trump told The Wall Street Journal on Wednesday that he might consider withholding billions of dollars of Obamacare payments to health insurers to force Democrats back to the negotiating table on...
Zurich Buys Australia’s Largest Travel Insurer, Cover-More, for US$551M
Apr 13 2017 // Zurich Insurance Group has successfully acquired Cover-More Group Ltd., a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the U.S. This...
Insurers to Pay an Estimated $1.3B for Cyclone Debbie: Swiss Re
Apr 13 2017 // Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world’s second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices...
Political Risk a Growing Concern, Say Brokers, Insurers
Apr 13 2017 // Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more rapid pace than...
Nebraska Mortuary, Insurers File Suit Over Bad Cremation Unit
Apr 12 2017 // An Omaha, Neb., mortuary and its insurers have sued a Pennsylvania company, alleging that it didn’t properly rebuild a cremation machine blamed for a fire that injured four people. The Jan. 26, 2016, blaze heavily...
Pennsylvania’s Keystone Insurers Hires Craig from The Beacon Group
Apr 12 2017 // Keystone Insurers Group, a Northumberland, Penn.-headquartered property and casualty insurance partnership, has named Charles A. “Tripp” Craig III director of business development. Craig has 30 years of...
Beazley Joins EbixExchange Accounting Platform
Apr 11 2017 // Ebix Europe, the electronic messaging communications specialists for the global re/insurance market, announced that insurer Beazley is the latest carrier to join its EbixExchange accounting platform. Using ACORD standards,...
China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion
Apr 11 2017 // Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the...
Making a Federal Case Out of ‘Legal’ Marijuana Insurance Claims
Apr 11 2017 // Michael Johnston, the great, great grandson of the founder of one of the first Baptist churches in Texas, grew up being constantly warned about sin, including the evils of television and dancing. Thus it is a bit strange...
New York Sees Its Cyber Rules for Insurers as Model for Other States
Apr 10 2017 // A group of U.S. state insurance regulators should use New York’s sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber events, New...
Chairman of China’s Insurance Regulator Investigated for ‘Severe’ Violations
Apr 10 2017 // China’s anti-graft agency is probing the nation’s top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance...
ProPublica, Consumer Reports Hit Back, Cite ‘Errors’ in Industry Criticism of Their Auto Insurance Report
Apr 7 2017 // ProPublica and Consumer Reports have issued a response to the opinion column by Insurance Information Institute’s James Lynch criticizing their report, Minority Neighborhoods Pay Higher Car Insurance Premiums Than...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 7 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 decreases in rates. That’s...
Trade Credit Insurers Paid UK Claims of $4.9M Each Week in 2016: ABI
Apr 7 2017 // Trade credit insurers paid claims to UK businesses in 2016, amounting to more than £4 million ($4.9 million) a week, or £210 million ($256.8 million), according to figures released by the Association of British Insurers...
S&P Raises Ratings for Belgian Aviation Insurer Aviabel After AXIS Acquisition
Apr 7 2017 // S&P Global Ratings has raised its long-term counterparty credit and financial strength ratings on Aviabel Cie. Belge d’Assurances Aviation to “A” from “A-“, following the completion of its...
U.S. Weather in March to Cost Insurers More than $2 Billion: Aon
Apr 7 2017 // Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report...
RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers
Apr 6 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include a new class of “cyber-physical” models. These include a range of cyber attack...
I.I.I.: Why ProPublica Auto Insurance Report Is Inaccurate, Unfair and Irresponsible
Apr 5 2017 // It looks like ProPublica failed its first actuarial exam. The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically charge unfairly high...
ProPublica Report Alleges Auto Insurers Overcharge Minorities
Apr 5 2017 // A new report published by ProPublica accuses the auto insurance industry of pricing discrimination against minorities. The report, titled Minority Neighborhoods Pay Higher Car Insurance Premiums Than White Areas with the...
