Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Dutch Insurer Delta Lloyd Rejects NN Group’s Unsolicited €2.4B Cash Offer
Oct 7 2016 // Dutch insurer Delta Lloyd NV rejected NN Group NV’s unsolicited 2.4 billion-euro ($2.7 billion) cash offer, saying the financial terms aren’t acceptable and don’t reflect the benefits of...
Mitsui Sumitomo Marine Management, Air Centurion to Cover Aviation & Aerospace Risks
Oct 7 2016 // Mitsui Sumitomo Marine Management, Inc. (MSMM) and MS Amlin plc, its sister company, have formed a new partnership with Air Centurion to write the U.S.-based aviation and aerospace accounts for Mitsui Sumitomo Insurance...
Dutch Insurer NN Group Launches Bid to Buy Delta Lloyd for €2.4B
Oct 6 2016 // NN Group NV, the largest Dutch insurer by market capitalization, has launched an unsolicited offer to buy smaller rival Delta Lloyd NV for 2.4 billion euros ($2.7 billion) in cash. NN Group said on Wednesday it was...
Betting on the Insurance Industry of Tomorrow at InsureTech Conference
Oct 6 2016 // There was a great turnout for the future of the insurance industry this week in Las Vegas. The occasion was the first InsureTech Connect Conference, which brought together an estimated 1,500 tech entrepreneurs, investors...
P/C Insurers Report $1.5B Net Underwriting Loss in First Half of 2016
Oct 5 2016 // Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016— the first year-to-date net underwriting loss in more than three years— and saw their net income after...
Insurers Hiscox, American Family Back Bunker, a Startup Broker for Gig Economy
Oct 4 2016 // Bunker, a Hiscox and American Family-backed startup billing itself as the first contract-related insurance marketplace, has officially left startup mode and unveiled its first product. The target audience: independent...
North Carolina Insurers Want Supreme Court Review of 25% Home Insurance Rate Hike Denial
Oct 4 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...
Berkshire’s Applied Underwriters Defends Workers’ Comp Products, Says Brokers Should Not Be at Risk
Oct 3 2016 // Legal and regulatory squabbles in New York, California and other states involving Berkshire Hathaway and its Applied Underwriter affiliates over particular workers’ compensation products should not have any negative...
New York Proposes Cybersecurity Regulation for Insurers, Banks
Oct 3 2016 // The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing...
Insurers in Iowa Asked to Provide Relief to Those Impacted by Flooding
Oct 3 2016 // In advance of expected late September flooding in the Cedar Rapids, Iowa-area, state Insurance Commissioner Nick Gerhart issued a bulletin requesting the assistance of both property/casualty and life/health insurance...
P/C Direct Premium Written Up 4.3 Percent: Demotech
Oct 3 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion of DPW was reported, a record high for the industry. For 2015,...
Strategic Carrier Mistakes and New Blood Opportunities
Oct 3 2016 // Carriers have made a huge mistake. Most do not yet get it. Some never will grasp the mistake they’ve made. Some will know but will forever deny they have made the mistake. However, it is a strategic mistake...
Insurer Groups’ Supported Bills Signed into law by California Governor
Sep 29 2016 // Two insurance groups praised California Gov. Jerry Brown over his signing on various insurance-related legislation. Brown recently approved legislation co-sponsored by the Association of California Insurance Companies to...
Insurance Company Wants Out of Delaware Child Porn Defamation Suit
Sep 29 2016 // A federal judge has ruled that an insurance company is obligated to defend the ex-wife of serial political candidate Richard Korn in a defamation lawsuit he filed against her. Liberty Mutual argued that a homeowner’s...
2 New Insurers Approved to Operate in Arkansas
Sep 27 2016 // The Arkansas Insurance Department announced that two companies have been approved to begin offering insurance products in the state. Arkansas Insurance Commissioner Allen Kerr has granted authority to Motorists Life...
Insurers Encouraged by Latest Round of Covered Agreement Talks
Sep 27 2016 // Insurers say they are encouraged by the most recent developments in the covered re/insurance agreement negotiations between the United States and European Commission. Following the latest round of the talks, held Sept....
Could Trouble with Comp Products from Berkshire Affiliates Land in Brokers’ Laps?
Sep 26 2016 // Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with...
Private Mortgage Insurers’ Bigger Slice of Freddie Mac Pie Smaller Than Hoped
Sep 26 2016 // Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it’s shaping up to be less lucrative than they had hoped. Freddie Mac on Monday planned to...
Report: Some Illinois Insurance Companies Forcing Roof Replacements
Sep 26 2016 // When Dennis Roberts’ car insurance started getting a bit too expensive, he did what a lot of consumers do and shopped around. Then he picked a new company and switched both his home and auto coverage, never expecting...
Penn State and Insurer Settle Fight Over Payments to Sandusky Sex Abuse Victims
Sep 26 2016 // Penn State has settled a court fight with its insurer over payments to victims of the Jerry Sandusky child sex abuse scandal, a case that revealed new allegations about how early late Penn State football coach Joe Paterno...
