Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Survey: Revenue Up, Independent Agents Seeking New Carriers
Apr 18 2016 // Independent insurance agents continue to grow and want to grow more with the help of new carrier appointments. This is one of the initial findings of a new national survey of agents conducted by Channel Harvest Research...
Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage
Apr 18 2016 // A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property...
Study: Economic Impact of North Carolina Captives Increased by $12.8M in 2015
Apr 18 2016 // The economic impact of North Carolina’s captive insurance company program increased significantly in its second full year of operation, according to a study conducted by the North Carolina Department of...
Hot Topic: Insurer’s Intent to Recoup Defense Costs and Reservation of Rights Letters
Apr 18 2016 // Whether an insurer can recoup defense costs from its own insured at the conclusion of a successful declaratory judgment action on coverage is a hot topic. Some courts have held that, where there is no coverage, an insurer...
ING Completes Exit From Former Insurer Unit, NN Group, with $1.6B Stock Sale
Apr 15 2016 // ING Groep NV sold its remaining stake in NN Group NV at a loss as the Dutch bank completed its drawn-out exit from the insurance business. The bank sold 45.7 million shares, representing a 14.1 percent stake, for about 1.4...
Independent Agents Seek New, Strong Performing Carriers: Survey
Apr 14 2016 // Independent insurance agents are seeing revenue growth and would like to grow more, but they’ll need help from carriers. Agents indicate a strong desire to add new carriers, but only if those carriers can demonstrate...
RIMS 2016: What’s the Biggest Risk for Cyber Insurers?
Apr 14 2016 // Powered by InsuranceJournal.tv Nobody really knows what the biggest cyber risk is. But Scott Stransky, senior scientist at risk modeling firm AIR Worldwide, has thought a lot about a cloud breach and the business...
Stocks of P/C Insurers Ended Last Year on Upswing: A.M. Best
Apr 13 2016 // Stocks prices of U.S. property/casualty insurance companies rebounded in fourth-quarter 2015 after a tumultuous third quarter. For 42 U.S. publicly traded P/C stocks analyzed by A.M. Best, the average return for the fourth...
Greek Shipowner Arrested for Fraud After Insurers Question Alleged Pirate Attack
Apr 13 2016 // A Greek shipowner was arrested by London police as he left court after testifying in a $77 million lawsuit against the insurers of a ship that was allegedly damaged by pirates off the coast of Yemen. Police officers told...
Carmakers Want Insurers to Help Boost Compliance with Recalls
Apr 13 2016 // Major carmakers want U.S. auto insurance companies to help persuade millions of American car owners to get recalled vehicles fixed. The new push comes as a U.S. House panel will hold a hearing Thursday on efforts by the...
Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch
Apr 12 2016 // The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report. London market insurers...
Catholic Church in Hartford Battles Insurer Over Priest Sex Abuse Claim Payments
Apr 11 2016 // The Roman Catholic Archdiocese of Hartford has taken its dispute with an insurance company to trial, seeking reimbursement of more than $1 million in payments made to settle sexual misconduct cases involving priests and...
Woods Named UK’s Head of Prudential Regulation, Overseeing Insurers & Banks
Apr 11 2016 // Sam Woods, a former U.K. Treasury official, was appointed as deputy governor for regulation at the Bank of England, replacing Andrew Bailey. Woods — who will continue as the central bank’s executive director of...
California Adjuster, Family and Friends Embezzled $250k from Insurer, CDI Says
Apr 8 2016 // Elizabeth Louise Brown, 48, of Canyon Country, a former claims adjuster with Explorer Insurance, was arrested this week and charged with multiple felonies, including insurance fraud and conspiracy for allegedly embezzling...
Study: Economic Impact of North Carolina Captives Increased by $12.8M in 2015
Apr 8 2016 // The economic impact of North Carolina’s captive insurance company program increased significantly in its second full year of operation, according to a study conducted by the North Carolina Department of...
P/C Price Declines Begin to Slow for North American Buyers: Willis Towers Watson
Apr 8 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...
Judge Calls FSOC Review of MetLife ‘Fatally Flawed;’ Government Vows Appeal
Apr 8 2016 // The U.S. government panel that decided MetLife Inc. was too big to fail erred in not analyzing the insurer’s vulnerability to financial distress, according to the federal judge who rescinded that designation last...
U.S. Storms in March Will Cost Insurers $2 Billion: Aon Benfield’s Cat Report
Apr 7 2016 // Insurers face a $2.0 billion bill following seven severe storm events across multiple states in March, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Overall economic losses...
Negative Outlook for Energy Insurers May Force Sector Exit: Willis Towers Watson
Apr 7 2016 // Energy insurers continue to feel the pressure caused by over-supply of capital and falling demand from buyers, which may lead them to exit or scale back their participation in the energy sector, according to a report...
Fintech Revolution May Threaten 250,000 Jobs as Europe Insurers Seek Cost Cuts
Apr 7 2016 // The rush is on to replace people with software in Europe’s insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is accelerating its cost...
