The most popular articles and news offered by Carrier Management.

The Math of Homeowners Deductibles

People who work in the insurance industry probably buy homeowners policies with high deductibles, an industry investor-turned-InsurTech-founder told Carrier Management ...

P/C Carriers Losing Ground to MGAs in Talent War

During a webinar about an insurance industry labor market survey last month, an industry recruiter said that insurance carriers are losing ground to managing general agents in the war for talent. "On ...

Root Discloses SVB Exposure; Lemonade Unaffected

The impact of the Friday's shutdown of Silicon Valley Bank on the insurance industry remained as unclear as the fallout for the rest of the tech industry for most of this weekend, but two publicly ...

AM Best Downgrades SCOR Ratings

AM Best announced Thursday that it has downgraded the financial strength rating to "A" (excellent) from "A+" (superior) and the long-term issuer credit ratings to "a+" (Excellent) from "aa-" ...

Root Inc. Says CFO ‘Terminated for Cause’

About one year into his employment with Root Inc. and a week after he helped the company report fourth-quarter earnings, Chief Financial Officer Robert Bateman has been fired for violating company ...

Why Not Go Direct on Homeowners, Allstate CEO Asks

When Allstate's chief executive officer looks at potential growth opportunities for personal lines insurers, he sees an untapped part of the homeowners insurance market—customers that will buy home ...

2022 In Review: It Was Bad

The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing deadlines. Putting the numbers together, AM Best revealed just how bad the aggregate ...

InsurTech Perspective: Our Turn to Stand by SVB

Just before a group of big banks extended a $30 billion lifeline to First Republic Bank last Thursday, a five-year-old InsurTech offered its support to Silicon Valley Bridge Bank, the successor of ...

Hiring Tip for Insurers: Seek Out the Curious

One of the most important things insurance companies and employees alike can do to achieve success is stay curious, experts said on this episode of The Insuring Cyber Podcast. "Make curiosity a ...