Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
2 Ohio Property/Casualty Insurers Approved to Operate in Arkansas
Apr 27 2016 // Arkansas Insurance Commissioner Allen Kerr has approved Ohio-based All America Insurance Co. (AAIC) and Central Mutual Insurance Co. (CMIC) to do business in the state. The companies now have the authority to offer...
Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research
Apr 27 2016 // While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research reveals...
Ratings of State Automobile Mutual Insurance Co. and Subs Affirmed
Apr 26 2016 // A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) and its...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
Assurant to Pick Up Policies as Nationwide Exits Federal Flood Insurance Program
Apr 26 2016 // Nationwide will start winding down its status this May as a “Write Your Own” carrier within the federal government’s National Flood Insurance Program. Assurant said it formed an agreement with the insurer...
Fallout from Travelers CGL Cyber Ruling: Insurance Buyers and Sellers Beware
Apr 25 2016 // Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Experts are cautioning...
Key Florida Players to Highlight Importance of Catastrophe Reinsurance
Apr 25 2016 // Although the role of catastrophe reinsurance in a wind exposed region is intuitively obvious to an insurance professional and most insurer rating agencies, the need for transparency, education and open dialogue on this...
Insurer Among Parties Arguing over Cause of Flooded Homes in Nebraska
Apr 24 2016 // The city of Bellevue, Neb., the Metropolitan Utilities District, a plumbing contractor and its insurance company disagree about who’s to blame for a ruptured water line that flooded about 12 homes in February. The...
India’s 1st Insurer IPO Paves Way for More Public Offerings in $60B-Plus Industry
Apr 22 2016 // India will get its first life-insurance listing since it opened up to private-sector investors 16 years ago, paving the way for more companies seeking to go public in an industry that’s since grown to more than $50...
Florida Commissioner McCarty Saying Goodbye: ‘It’s Been a Labor of Love’
Apr 21 2016 // “It’s not for the faint of heart, I can tell you that… Anyone who comes in here and thinks it’s an easy job really does not have any idea what they’re getting into. But it’s been a...
Japanese Earthquakes Could Cost Insurers $2.9 Billion: AIR Worldwide
Apr 21 2016 // An earthquake that struck southern Japan on April 16 will probably cost insurers as much as 320 billion yen ($2.9 billion), according to catastrophe modeler AIR Worldwide. The cost might be as low as 180 billion yen, the...
One-Size Doesn’t Fit All in Today’s Evolving Homeowners Market
Apr 20 2016 // The homeowners insurance line, not often thought of as a bastion of change, is actually quietly evolving beyond the traditional “one-size-fits-all” business. Some of the puzzle pieces that make up homeowners...
AmTrust Seeks to Boost Lloyd’s Presence with Purchase of Specialty Insurer ANV
Apr 20 2016 // AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd’s affiliates for $218.7 million in cash. The seller is the Ontario Teachers’ Pension Plan. As...
UnitedHealth to Drop Individual Obamacare Plans in Multiple States
Apr 20 2016 // UnitedHealth Group Inc. will drop out of government-organized health insurance markets in at least 16 states as the U.S. industry leader tries to stem losses from participating in Obamacare, the healthcare overhaul that...
New York AG Sues Health Insurer Over Hepatitis C Treatment
Apr 19 2016 // New York’s attorney general has filed a lawsuit against an Albany-area health insurer that he says broke the law by denying coverage for expensive hepatitis C treatments until patients showed advanced symptoms of the...
Oklahoma to Hold Hearing on Earthquake Insurance Rate Increases
Apr 19 2016 // Concerned about a competitiveness in the state’s earthquake insurance market, Oklahoma Insurance Commissioner John D. Doak has ordered a public hearing to investigate rising rates. The May 24 hearing will include...
Pacific Specialty Insurance Company Recognized by Celent as a Model Insurer for Operational Excellence
Apr 18 2016 // Palo Alto, CA, April 18, 2016- Pacific Specialty Insurance Company has been recognized by Celent as a Model Insurer for operational excellence in their work to transform their legacy systems and infrastructure. Celent is a...
P/C Direct Premium Written Up 2.5 Percent in 2015
Apr 18 2016 // Direct premium written (DPW) for property/casualty (P/C) insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported. For 2015, total DPW for all P/C insurers...
P/C Price Declines Slow for Buyers: Willis Towers Watson
Apr 18 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Sports Business Gets Personal
Apr 18 2016 // Industry Growth Led by Smaller Studios, Individual Trainers The health and fitness industry has exploded in recent years, a trend that experts expect will continue. Gym memberships jumped 18.6 percent in the United States...
