Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
2 New Insurers Approved to Operate in Arkansas
Nov 16 2016 // Arkansas Insurance Commissioner Allen Kerr has approved a New York-based property/casualty insurance company and an Arkansas-based captive insurer to begin doing business in the state. Kerr has granted authority to Sompo...
How SEC Scrutiny of Unicorns Could Affect Private Company D&O Insurance
Nov 15 2016 // Underwriters of directors and officers (D&O) liability insurance should keep an eye on the increased scrutiny of “unicorn” technology firms by the U.S. Securities and Exchange Commission (SEC) for...
UK Insurers & Banks Make Contingency Plans for ‘Hard Brexit’: BofE’s Carney
Nov 15 2016 // Banks based in Britain may start to relocate activities to other countries about 1-1/2 years before a British departure from the European Union if a “hard Brexit” looks likely, Bank of England Governor Mark...
Online Seller CoverHound Adds Pay-per-Mile Insurer Metromile
Nov 14 2016 // Online insurance comparison shopping agency CoverHound has announced a partnership with pay-per-mile auto insurance company Metromile to provide more coverage options for customers of both companies. The partnership gives...
Insurers to Fund $27 Million Duke Energy Accord Over Ouster of CEO
Nov 14 2016 // Duke Energy Corp. agreed to a $27 million settlement of claims that directors wrongfully concealed their plan to fire Chief Executive Officer William Johnson just minutes after the company closed on its $13.7 billion...
Everest Insurance Expands Environmental Coverage
Nov 14 2016 // Everest Insurance has expanded its environmental offering with its new ESP policy form, a mono-line site pollution policy form that includes coverage available for both new and pre-existing pollution conditions for bodily...
Fitch Assesses Election Impact on Health Insurance Market
Nov 10 2016 // The election that saw Donald Trump win the presidency and the Republican Party retain control of both houses of congress will significantly increase the probability of the repeal and replacement of the Affordable Care Act...
Insurers for Oregon Homeowners to Pay in Settlement of Tree Cutting Case
Nov 9 2016 // Two Gresham, Ore. couples have agreed to pay $135,000 to settle a lawsuit accusing them of cutting down or damaging dozens of protected trees to improve the views from their homes. The Oregonian/OregonLive reported court...
The Competitive Advantage: Are Your Companies Stealing Your Expirations?
Nov 7 2016 // Three times in three months now, I have seen major carriers “provide” contracts that in some cases outright take ownership of agency expirations and in another case only take an “interest” in them....
California Commissioner Wants Workers’ Comp Insurers to Reduce Rates
Nov 7 2016 // California Insurance Commissioner Dave Jones issued a formal finding that costs to insurers in the workers’ compensation system are declining and he’s asking workers’ comp insurers to pass those cost...
Cyber, Risk Management & Claims for Accountants’ Liability
Nov 7 2016 // The environment for accountants’ professional liability (APL) insurance programs continues the trend of the past few years of both expansions in coverage and risk management with many programs. The market is also...
3 Ways Auto Insurers Should Adapt to Drivers’ Changing Road Habits
Nov 7 2016 // For a historically slow-moving industry, changes are occurring at a rapid rate in today’s auto insurance world. Drivers’ road habits are shifting and auto insurers should adapt to the changing behavior behind...
Startup Auto Insurer Root Targets Good Drivers with Smartphones
Nov 7 2016 // Root officially debuted in the U.S. market on October 25. The fledgling auto insurer, just 18 months old, relies on telematics and a customer’s smartphone to deliver what it says will be significantly cheaper rates...
Goldman Sachs, Paulson Settle Fraud Claims by Bond Insurer Over Subprime CDO
Nov 6 2016 // Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial...
Texas Stamping Office Updates Surplus Lines Eligible Insurer List
Nov 4 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) reported the following changes to the eligible insurer list. Alien insurers effective 10/1/2016 include the following: The Hanover Atlantic Insurance Company LTD. Helvetia...
Berkshire’s Workers’ Compensation Product Carries Risks of Innovation
Nov 4 2016 // David Miller is a stickler for safety at the Goodwill stores he runs in central California. So when Applied Underwriters offered his nonprofit a deal on insurance for workplace accidents if he could minimize injuries, he...
Court Rules in Favor of Massachusetts Insurers Insolvency Fund in Workers’ Comp Suit
Nov 4 2016 // The Supreme Judicial Court of Massachusetts in Boston, Mass., has ruled that the Massachusetts Insurers Insolvency Fund is authorized to recover certain amounts paid by the fund in workers’ compensation benefits on...
China’s Online Insurer ZhongAn Launches Fintech Incubator
Nov 4 2016 // ZhongAn Online Property & Casualty Insurance Co. Ltd., China’s first online insurance company, has launched a fintech innovation company. The company, called Called ZhongAn Information and Technology Services Co....
The Hartford Goes Green for Millennials
Nov 3 2016 // If Alexandra Zepp is typical of those in a millennial generation that’s beginning to account for a larger and more influential portion of the nation’s workforce, then what she has to say about her choice of...
AG Defends California Insurance Commissioner’s Regulatory Move
Nov 2 2016 // The California Supreme Court heard oral arguments this week, during which the Attorney General’s office in suit filed by the insurance industry defended a regulatory move by Insurance Dave Jones. The regulation was...
