Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
A.M. Best: Sanctions Removal to Attract Re/Insurers to Iranian Market
Aug 12 2015 // The lifting of trade restrictions placed on Iran may present significant opportunities for the Middle East and North African (MENA) re/insurance market, with European participants also expected to re-engage and seek a...
AIG, Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As
Aug 11 2015 // Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax regime to help convince insurers. Companies from Allianz SE to American International Group Inc....
Attorney: Hail Claims ‘Cottage Industry’ Bad News for Texas
Aug 10 2015 // The rise of rampant claims litigation against property insurers following hailstorms in Texas has created a “cottage industry” that not only threatens the financial health of the state’s property...
Court Decision May Impact Workers’ Comp Side Agreements in California
Aug 7 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...
Europe’s ABS Market Promotion Hinges on Easing Insurers’ Capital Requirements
Aug 6 2015 // Europe’s push to promote asset-backed securities (ABS) hinges on persuading insurers to buy the debt by easing capital requirements, investors and analysts said. European Union and global regulators recently proposed...
Florida Updates Neutral Evaluation Rules for Sinkhole Claim Disputes
Aug 6 2015 // Powered by InsuranceJournal.tv New rules changing the way disputed sinkhole claims are handled in Florida as part of the state’s Sinkhole Neutral Evaluation Program have been approved and took effect July 27. The...
AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As
Aug 5 2015 // American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine...
Texas Seeks Comment on Rules for Changes to Windstorm Insurer
Aug 4 2015 // The Texas Department of Insurance is seeking public comment on drafts of rules for implementing legislation that alters funding mechanisms for the state’s property insurer of last resort for wind and hail along the...
Va.’s Roanoke Valley Considers Insurer-Funded Collision Reporting Center
Aug 4 2015 // Police in four Roanoke Valley localities in Virginia have proposed adopting a Canadian method of reporting car crashes that reduces police involvement. The Roanoke Times reports that if the governments of Roanoke, Salem,...
Insurers Face Risks of Declining Customer Loyalty, Tech-Savvy Firms: Accenture
Aug 4 2015 // Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms from stealing their...
Arizona Supreme Court Ruling May Expose Agents to Lawsuits
Aug 3 2015 // An Arizona Supreme Court ruling in July may expose agents who write auto policies to malpractice lawsuits if they are accused of failing to inform their customers about uninsured and underinsured motorists coverage —...
Former Arkansas Insurance Company Exec Sentenced for Embezzlement
Aug 3 2015 // The former president of a Little Rock, Ark.-based insurance company was sentenced in July to one year and one day in prison for embezzlement. John Mathis “Matt” Lile, III, of Little Rock, the former president...
Insurers Unprepared for Self-Driving Car Disruption: KPMG
Aug 3 2015 // The majority of property/casualty insurers do not expect autonomous or self-driving vehicles to have a real impact on their auto insurance business for another decade and have not adjusted their business models to prepare...
Evolving Consumer Base Is Changing Personal Lines: Conning
Aug 3 2015 // There are “far-reaching implications” for personal lines insurers and the products and services they provide as the U.S. continues to undergo changes in its demographic structure, an industry report states. The...
The Doctors Co. Challenges Florida’s Order to Decrease Med Mal Rates
Aug 3 2015 // An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set...
A.M. Best: Will 2015 Be the Year That Tests Florida Property Insurers?
Aug 3 2015 // The property insurance market in Florida has significantly shifted in market share as Citizens Property Insurance Corp. (Citizens)–the state-run property insurance company–continues to depopulate and move...
The Ins and Outs of Bad Faith Claims in Florida
Aug 3 2015 // Coverage, liability and damages analyses are the three common themes of Florida third party bad faith cases, according to two southeast Cozen O’Connor attorneys. The attorneys presented on the subject during a...
Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best
Jul 31 2015 // The pursuit of improved investment returns has become more important for European insurers after a lengthy period when their attention was more focused on non-investment sources of profit, according to a report published...
Louisiana-Based Workers’ Comp Insurer Expands Into Texas
Jul 30 2015 // LUBA Workers’ Comp, based in Baton Rouge, La., is now offering workers’ compensation insurance coverage to businesses in Texas. LUBA Workers’ Comp covers businesses in Arkansas, Louisiana and Mississippi...
Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima
Jul 30 2015 // Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into...
