Most Popular Carriers Headlines This Year
The most viewed headlines from our Carriers Topic Page over the last year.
#1 10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023
Jan 18 2024 // According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6%—and its private-auto...
#2 Starting July 1, Florida Insurers Face New Guardrails on Force-Placed Insurance
Jun 30 2023 // Starting Saturday, insurers and mortgage lenders for Florida homeowners will face some new restrictions on lender-placed insurance policies, thanks to a bill approved by state lawmakers this year. House Bill 793 takes...
#3 More Signs of Life in Florida: New Insurers in Market, More Citizens Takeouts
Aug 15 2023 // Florida’s property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the arena. Tampa-based HCI...
#4 Insurer CEO Warns Limits on Cancellations Will Deter Carriers From Florida Market
Mar 5 2024 // The head of two property insurance companies set to enter the Florida market this year is warning state lawmakers that bills that would limit some policy cancellations and nonrenewals after storm damage could do more harm...
#5 Trump’s Bond Insurer Tells Judge Shortfall Is ‘Inconceivable’
Apr 17 2024 // Donald Trump submitted evidence that the insurer providing his $175 million appeal bond in New York’s civil fraud case is financially capable of paying up if his legal challenge fails, after the state attorney...
#6 Less Red Ink in Florida, 2 New Insurers, and Citizens Wants Commercial Take-outs
Oct 11 2023 // Florida-based insurers still aren’t profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance companies are preparing to enter the Florida market. And the...
#7 Kentucky Clarifies Matching Law While Florida Insurers Get Limits on Replacement
Oct 24 2023 // Matching requirements for roofs and interior furnishings have been a tough issue in the property insurance industry for years. Recent developments show how insurers and regulators in different Southeast states are managing...
#8 Suit Says OnStar, LexisNexis Shared Driving Data With Insurers, Spiking Rates
Mar 15 2024 // Do motorist-assistance systems like GM’s OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed class-action lawsuit...
#9 Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse
May 2 2024 // Chubb, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the bridge in March. The...
#10 Insurer Avoids Dog Bite Claim Brought by Homeowner Selling Firearms Out of Garage
Jun 15 2023 // Nationwide General Insurance has avoided payment of a dog bite claim filed by a homeowner it insured who ran a firearms business out of his garage. A federal district court for Alabama ruled that the business exclusions in...
#11 Ray of Sunshine: Florida Insurers Show Profit as Citizens Takeouts Rise – S&P Global
Aug 2 2023 // Republished from S&P Global Market Intelligence For the first time in three years, Florida’s struggling domestic residential property insurers have posted a quarterly profit, according to an analysis by S&P...
#12 Viewpoint: California’s Homeowners Insurance Shift: Population, Inflation, and Admitted Insurer Exits
Jan 19 2024 // The excess and surplus lines homeowners’ insurance market in California has undergone significant changes in recent years. The number of policies has changed substantially in over the last decade—first increasing,...
#13 California Sees Two More Property Insurers Withdraw From Market
Apr 18 2024 // California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone...
#14 Florida Senator Raising Eyebrows with Pitch for Investment in New Insurance Company
Oct 31 2023 // Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in Florida. This may be a good time for a new business venture by an...
#15 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,...
#16 Twice as Many Personal Lines Insurers Downgraded by AM Best in 2023
Mar 12 2024 // AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number registered for 2022, the rating agency reported in it official tally for the year. Additional...
#17 Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
Apr 29 2024 // The Florida Supreme Court has given auto insurers more flexibility in reducing payments for medical services under the state’s no-fault auto insurance law and may have finally put to rest years of questions about the...
#18 When Florida Insurers Go Bust, it Means Changes in North Carolina Insurance Law
Oct 12 2023 // Insurance department omnibus bills in state legislatures are often seen as housekeeping or budget items that may revise regulatory language, fund insurance department positions or clean up the wording of previous laws. But...
#19 P/C Insurers Responsible for Nearly 7,000 Layoffs in 2023
Jan 3 2024 // U.S. property/casualty insurance carriers led layoffs in the insurance industry last year, according to S&P Global Market Intelligence analysis. Nearly 20 companies reduced staff in 2023, cutting at least 6,800 jobs,...
#20 California Commissioner Warns Insurers About Auto Insurance Consumer Complaints
Dec 22 2023 // California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of Insurance continues to...
