Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Wisconsin to Insurers: Give Restaurants 10-Day Notice on Expiring Delivery Coverage
Jun 22 2020 // Wisconsin Insurance Commissioner Mark Afable has asked insurers that provided coverage under personal auto policies for food delivery services during the COVID-19 pandemic to help restaurants by giving the businesses at...
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jun 22 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...
Haley Appointed Chief Risk Officer at Educators Insurer Horace Mann in Illinois
Jun 19 2020 // Horace Mann Educators Corp., headquartered in Springfield, Ill., has appointed Vice President Paul Haley as chief risk officer. Haley has led risk assessments for the company’s business development efforts since...
Insurers Alert to Avoiding Legionnaire’s Disease Outbreaks as Buildings Reopen
Jun 19 2020 // Commercial insurers are scrutinizing building managers’ efforts to avoid outbreaks of Legionnaires’ disease as they re-open movie theaters, gyms, schools and offices that had been closed for months due to the...
Insurer Counters Income Loss Claims by Arguing Restaurants Operated Takeout Service
Jun 18 2020 // An insurer fighting business income claims from restaurants is arguing in part that there is no coverage because businesses were allowed to provide takeout and delivery service during lockdowns. Society Insurance, based in...
Renaissance Alliance Expands Its New England Insurance Company Network
Jun 18 2020 // Renaissance Alliance Insurance Services, a Wellesley, Mass-based membership alliance for independent insurance agencies, has been newly appointed by two insurance companies – Arbella Insurance and Vault Reciprocal...
Lloyd’s Insurers Get Ready to Re-Open in September After Coronavirus Lockdown
Jun 18 2020 // Clear screens on underwriting boxes, temperature-check thermal cameras and a click and collect take-away catering service are among changes Lloyd’s of London insurance workers will see when they return to the office...
Backers of Controversial California Homeowners Insurance Bill Like Its Momentum, Timing
Jun 17 2020 // Backers of a controversial bill in California, which they say is designed to increase insurance coverage in high-risk wildfire areas by amending Proposition 103, believe it has the right timing and plenty of momentum to go...
California Orders Workers’ Comp Carriers to Return Premiums Due to Stay-At-Home Orders
Jun 17 2020 // California Insurance Commissioner Ricardo Lara today issued an order adopting emergency workers’ compensation regulations in response to the COVID-19 pandemic. The new regulations go into effect on July 1. The...
Washington Insurance Commissioner Wants to Ban Credit Scoring
Jun 17 2020 // Washington Insurance Commissioner Mike Kreidler is calling on the insurance industry to end its use of credit scoring in auto, property, renters and life insurance, citing the economic impact of the COVID-19 pandemic and...
Massachusetts’ A.I.M. Mutual Insurance Companies Hires Pitruzzello
Jun 17 2020 // Burlington, Mass.-based A.I.M. Mutual Insurance Companies has hired Glen Pitruzzello as director of Claim, responsible for claim operations throughout New England. In this capacity, he reports to President and CEO Michael...
When UK Firms Transfer Pension Obligations to Insurers, They See Share Boost: Report
Jun 17 2020 // Most London-listed companies that transferred pension obligations to insurance companies saw their share prices rise by up to 3% more than sector peers in the six months after completing the deals, a report showed on...
UK Insurers Cite Swedish Example in Bid to Dodge Coronavirus Biz Income Payouts
Jun 17 2020 // Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The strategy was raised at the...
Lighthouse Completes Merger with Florida’s Prepared Insurance Co.
Jun 17 2020 // Lighthouse Property Insurance Corp. has completed its previously announced merger plans with sister carrier, Prepared Insurance Co. Lighthouse will assume the Prepared portfolio and write directly in the state of Florida,...
Swiss Re-Backed Nigerian Life Insurer Sees Sales Surge as Pandemic Starts Taking Hold
Jun 16 2020 // Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the coronavirus pandemic starts taking hold in Africa’s most populous country. “Health...
Reassuring Customers Part of Job for Minnesota Agent in Aftermath of Riots
Jun 15 2020 // Dan Gutlovics did a lot of virtual hand holding during the first days of the violent protests in Minneapolis and St. Paul following the death of George Floyd while in the custody of Minneapolis police on May 25. Gutlovics,...
Hiscox Action Group Launches £40M Arbitration Claim for COVID Biz Interruption Dispute
Jun 15 2020 // The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The action group, composed...
UK Insurer Admiral Weighs Sale of Price Comparison Platform
Jun 15 2020 // UK car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals, according to people familiar with the matter. The FTSE 100 company is working with boutique...
UK Insurer LV= Attracts Bidders Including Phoenix, Cinven: Sources
Jun 15 2020 // UK insurer Liverpool Victoria has attracted interest from rivals including Phoenix Group Holdings and private equity firm Cinven Ltd., according to people familiar with the matter. Fellow mutual insurer Royal London,...
The Debate Between Business Owners, Insurers Over Business Interruption Claims Continues
Jun 15 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...
