Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Asbestos Losses Continue to Haunt P/C Insurers: A.M. Best
Nov 29 2016 // Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s $15 billion higher than the previous estimate, according to a new A.M. Best...
Insurance Industry Sees Challenges with New York City Crawler Crane Requirements
Nov 29 2016 // The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory...
AXIS Capital Buys Belgium-Based Specialty Aviation Re/Insurer Aviabel
Nov 29 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced it has agreed to acquire general aviation insurance and reinsurance leader Aviabel, in a move that is designed to increase the company’s scale and relevance in the...
Insurtech to Become Part of Traditional Insurance Landscape: S&P Report
Nov 29 2016 // Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report. “We...
Nebraska County to Challenge Insurers Over Coverage for $28M Lawsuit
Nov 28 2016 // Nebraska’s Gage County will challenge its insurers’ decision not to cover it for a $28.1 million judgment awarded to six people who were wrongfully convicted of murder. KWBE reports that the county board...
Insurtech Startups Attract Growing List of Traditional Insurer Partners
Nov 28 2016 // Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years. The 46-year-old head of Munich Re’s Digital Partners unit has said the industry is...
Fitch Sees Large Insurers Gaining from Trump Deregulation
Nov 22 2016 // Broad financial industry deregulation under the Trump administration would ease regulatory burdens for large U.S. insurance companies while macroeconomic trends resulting from shifting global and economic policies could...
Special Report: A Tale of Superbugs’ Deadly Costs
Nov 22 2016 // With good reason, Dan Greulich’s doctors called him “the miracle man.” In the span of a decade, the insurance company executive engaged not once, but twice, in a race with death as he awaited replacements...
New Jersey’s Selective Insurance Company of America Appoints New Officers
Nov 22 2016 // Selective Insurance Company of America, the Branchville, N.J., headquartered subsidiary of Selective Insurance Group Inc., has made five new officer appointments. The company has appointed Rohan Pai to senior vice...
Major Canada Earthquake Could Lead to Widespread Insurer Insolvencies: Report
Nov 22 2016 // A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and trigger a domino effect across the financial sector, according to a Conference Board of...
Q&A: Deloitte Insurance Expert Discusses Hurricane Season and Flood Insurance
Nov 22 2016 // Powered by InsuranceJournal.tv Although Atlantic hurricane season ends in November, cleanup from any damage seen on the East Coast could last beyond the end of the season. Some coastal areas, such as Virginia Beach, were...
Who Pays When Driverless Cars Crash? UK Insurers Call for Int’l Standards
Nov 22 2016 // Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, according to the Association of British Insurers (ABI). The ABI supports the formation of...
Global Board Updates List of Systemically Important Banks, Insurers
Nov 21 2016 // Citi has joined JPMorgan at the top of global regulators’ list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial...
U.S. Insurers Now Among Major Buyers of ETFs: JP Morgan
Nov 21 2016 // The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are the latest group of investors to start buying ETFs (exchange-traded funds) en masse, with...
Capitalizing on the Health Clinic Marketplace
Nov 21 2016 // The increasing number of health clinics across the nation constitutes a new trend in today’s healthcare system. With urgent care centers opening around the country, the number of clinics is expected to hit...
How Tech Can Turn the Tide of Flood Insurance
Nov 21 2016 // As residents of coastal Louisiana, New York and New Jersey have discovered, a house with a sea view can carry a serious and soggy downside. In terms of storms and their severity, a building’s location has never...
AG Defends California Insurance Commissioner’s Regulatory Move
Nov 21 2016 // The California Supreme Court heard oral arguments this month, during which the Attorney General’s office in a suit filed by the insurance industry defended a regulatory move by Insurance Dave Jones. The regulation...
Zurich’s Sustainable U.S. Campus Is One Part of Its Green Ambitions
Nov 17 2016 // The voice of Zurich North America Chief Legal Officer Dennis Kerrigan swelled with pride as he described the carrier’s new headquarters in Schaumburg, Ill., and its importance to Zurich’s overall philosophy...
Insurer to Pay $1.9M to Settle West Des Moines Discrimination Lawsuit
Nov 17 2016 // The city of West Des Moines, Iowa, has agreed to pay nearly $2 million to a police officer who sued, saying the department’s former police chief discriminated against her because she’s a woman. The city...
With Brexit, UK Government Should ‘Refine Not Replace’ Solvency II: Insurers
Nov 17 2016 // Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation to make it more appropriate for the UK market and customers, according to the...
