Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project
Aug 21 2015 // Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the...
Pakistan Plan for $46B Economic Corridor with China Set to Boost Insurers
Aug 21 2015 // Pakistan Prime Minister Nawaz Sharif’s $46 billion plan for an economic corridor with neighboring China as part of his revival push is promising to boost the prospects of the nation’s insurers. Adamjee...
Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P
Aug 21 2015 // Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we...
Lawsuit Relief Needed for TWIA Depopulation Plan to Work: Lawmakers
Aug 21 2015 // A new law that becomes effective Sept. 1 in Texas will give the state’s property insurer of last resort for wind and hail along the coast more leeway in a plan to reduce its overall exposure by incenting private...
A.M. Best Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast
Aug 20 2015 // As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to...
Blue River Underwriters Adds Experienced Leadership to Auto Dealers and USL&H Programs
Aug 19 2015 // Pictured left to right: Michael Mahoney and Susan Doyle Atlanta, GA, August 19 2015 — As part of the growth plans for its Auto Dealer and United States Longshoreman & Harbor Workers Act (USL&H) insurance...
California Insurance Company Oversight Law Signed
Aug 18 2015 // California Gov. Jerry Brown has signed Assembly Bill 553, which establishes new oversight aimed at reducing the number of insurance company insolvencies. AB 553 was authored by Assemblyman Tom Daly, D-Anaheim, and was...
UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers
Aug 18 2015 // Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday. Credit...
Tianjin Blast, Fires Initial Insured Loss Estimates at $1.0 to $1.5 Billion
Aug 17 2015 // Two explosions in the Chinese port of Tianjin that killed more than 100 people last week could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on...
101 Sales, Marketing & Management Ideas
Aug 17 2015 // Fellow agents, Insurance Journal readers, experts, educators, marketing professionals, along with Theodore Roosevelt, Steve Jobs, Zig Ziglar, CNBC’s Kelly Evans, Harvard Business Review and Fortune magazine have been...
Court Decision May Impact Workers’ Comp Side Agreements in California
Aug 17 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar. Zurich...
Missouri Fines Health Insurer Cigna for Various Violations
Aug 14 2015 // The Missouri Department of Insurance has fined Cigna subsidiaries $140,800 for using unapproved forms, incorrectly denying chiropractic claims, charging copayments of more than 50 percent and failing to send an explanation...
Missouri Agency Hawkins-Harrison Joins Keystone Insurers Group
Aug 14 2015 // Edina, Mo.-based insurance agency, Hawkins-Harrison, has joined Keystone Insurers Group as its latest franchise partner in Missouri. Hawkins-Harrison was established in 1956 and quickly expanded into selling all lines of...
DMV Agrees to California Brokers Group’s Revisions
Aug 14 2015 // The California Department of Motor Vehicles has agreed to make major revisions proposed by the Independent Agents & Brokers of California to its commercial requester agreement that will permit agents and brokers to...
ISO Offers Insurers New Roof Rating Tool
Aug 14 2015 // Verisk Insurance Solutions has introduced new rating tools and coverage options through its ISO business to help insurers address the quality and age of roof materials. The newly developed rating factors are designed to...
Insurers Look to Cyber, M&A Coverage as Prices Decline for 9th Quarter: Marsh
Aug 14 2015 // Commercial insurance rates continued their global decline in the 2015 second quarter, a trend driven by a continued abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
Blue Cross Seeks 34% Rate Hike in North Carolina for ACA Plans
Aug 13 2015 // North Carolina’s largest health insurer says higher-than-anticipated costs after two years of selling federally subsidized coverage has forced it to seek premium increases even greater than it thought would be...
Switzerland Is 1st Nation to Lift Iran Sanctions; Re/Insurer Policies Affected
Aug 13 2015 // Switzerland is lifting sanctions against Iran after the Gulf state sealed a historic accord with world powers to curb its nuclear program. The move on Wednesday made it the first nation to remove sanctions since the July...
UK Regulator Toughens Rules to Hold Insurers’ Execs Responsible for Failures
Aug 13 2015 // UK insurers face tougher conduct rules as the Financial Conduct Authority makes it easier to hold individuals at financial firms to account for failures on their watch. The FCA issued final rules on Thursday amending its...
Florida Approves Removal of Up to 280,857 Policies From Citizens
Aug 12 2015 // The Florida Office of Insurance Regulation announced today that it has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance...
