Best Read Carriers Headlines
Headlines from our Carriers Topic Page with the most time spent reading.
#1 The 2023 Hurricane Season: Are Insurers Prepared for the Growing Risks?
Jun 2 2023 // This post is part of a series sponsored by CoreLogic. As the 2023 Hurricane Season approaches, it is crucial for coastal and inland communities alike to understand and prepare for the potential risks associated with...
#2 European Insurers Underwrite 30% of US Coal: Study
Sep 28 2023 // Some of Europe’s biggest insurers are underwriting close to a third of the coal production that takes place in the US, even after pledging to target net zero emissions, according to a report by climate campaign group...
#3 Ardonagh Sells £1.2 Billion Insurance Unit to UK Insurer Markerstudy
Sep 15 2023 // The Ardonagh Group is selling its personal insurance business in a deal that will give Chief Executive Officer David Ross an £800 million ($1 billion) war chest for further acquisitions in specialist insurance...
#4 When Policies Conflict, Insurers Must Split Costs, Appeals Court Finds in Georgia Case
Sep 19 2023 // When the wording of insurance policies conflict with each other and can’t be reconciled, insurers must share defense expenses, a federal appeals court said in a case that stemmed from lawsuits against school...
#5 Viewpoint: Biometric Litigation Is Significant Emerging Risk for Insurers
Sep 28 2023 // Executive Summary: Biometric litigation is a significant emerging risk that insurers must now take into consideration, says Jim Blinn, vice president, Client Solutions, Zywave. States are increasingly passing biometric...
#6 Agents, Regulators Remind Insurers to Take Care of Insureds as Idalia Claims Start Coming in
Sep 18 2023 // The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, triggering just a few billion dollars in losses. But regulators have urged insurers to make...
#7 Removing Barriers to CAT Risk Modeling Will Slow Insurer Flight From High-Risk Areas
Sep 18 2023 // Technology has been embraced in a variety of ways within the homeowners’ insurance market. Many aspects of the claims process have been automated, insurers are utilizing more climate data than ever before to predict...
#8 Hong Kong’s Floods to Hit Insurers’ Earnings, Could Pressure Reinsurance Renewals
Sep 18 2023 // The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure to the upcoming reinsurance renewals in January, according to an AM Best commentary. The overall...
#9 State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO
Jun 28 2023 // The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and limited. FIO, part of...
#10 Insurer Sued Over 80th Birthday Event Cancellation at Sting’s Estate in Italy
Sep 28 2023 // A Pennsylvania firm that organized a three-day musical festival for its owner’s 80th birthday at the Italian residence of musician Sting is suing its insurer seeking payment under an event cancellation...
#11 23 State Attorney Generals Concerned About Insurer Climate Commitments
May 18 2023 // Nearly two dozen GOP Attorney General offices sent a letter to the Net-Zero Insurance Alliance seeking documents and information over “legal concerns brought about by commitments to collaborate with other insurers in...
#12 How Much Should Insurers Trust AI Chatbots?
May 24 2023 // Powered by InsuranceJournal.tv Whether it’s underwriting, claims or customer service, it seems that artificial intelligence is top of mind for the insurance industry right now. William Bennett, partner at law firm...
#13 UN Says U.S. Concerns Have Led to Insurers Quitting Climate Alliance
May 24 2023 // The United Nations Environment Programme on Wednesday said “recent discussions within the United States” had been behind four insurance firms quitting a UN-convened alliance aimed at reducing carbon emissions...
#14 Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore
May 23 2023 // Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models...
#15 Appeals Court Blasts Insurer’s Conduct in Denying Claim Over Insured’s Conduct
Aug 28 2023 // Philadelphia Indemnity Insurance Co. is not entitled to the summary judgment it was granted by a federal district court in a building fire case in which it claimed the insured was not cooperative in accommodating its...
#16 Time Lag Does Not End Insurer’s Duty to Defend, Court Rules
May 24 2023 // A federal court in New York has reiterated that a time lag between the date a trip-and-fall accident occurred and when the conduct alleged to have caused it took place does not itself relieve an insurer of its duty to...
#17 California Insurers’ Inability to Price Risk Is Causing Headaches
Jun 7 2023 // California regulations restrict insurers from using sophisticated computer models to consider the rapidly growing wildfire risks from climate change — and that limitation is a factor pushing US insurers out of the...
#18 Democrats on Senate Budget Committee Open Investigation Into Major Insurers
Jun 12 2023 // Democrats on the U.S. Senate Budget Committee launched an investigation on Friday into major insurers’ “support” of new fossil fuel projects, on the heels of an industry retreat from areas prone to...
#19 US Insurers Hit Hardest by Inflation: Triple-I Study
Jun 16 2023 // US insurers have paid more than their counterparts worldwide to repair and rebuild damaged properties and vehicles due to inflation since 2018, according to an executive briefing conducted on behalf of the International...
#20 Fed Judges Ask Florida Supreme Court to Decide if Insurers Can Sue Auto-Glass Shops
Nov 9 2023 // The Florida Legislature earlier this year struck a mighty blow for auto insurers in their years-long fight against windshield repair shops, ending assignment-of-benefits and the practice of offering gifts to insureds. Now,...
