Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurance Journal’s Top 10 East Region Stories of 2019
Jan 2 2020 // A new year is a time of reflection for some, and last year, the city of Boston began 2019 by reflecting on an important piece of the city’s history: the 100-year anniversary of The Great Molasses Flood. The flood,...
Insurance Journal’s Top 10 West Region Stories of 2019
Jan 2 2020 // California wildfires dominated the news in Insurance Journal’s Western region in 2019, despite it being a quiet year relative to two consecutive years of deadly blazes that came before. Three of the year’s top...
Appeals Court OKs Affordable Care Act’s Risk Payments to Insurers
Jan 2 2020 // A U.S. appeals court upheld the validity of a federal program governing the payment of billions of dollars to insurers under the Affordable Care Act, reversing a lower court ruling that had prompted the White House to...
Insurance Journal’s Top 10 Southeast Region Stories of 2019
Jan 2 2020 // It was a relatively quiet year for the Southeast in terms of major catastrophes compared with 2018 when Hurricane’s Michael and Florence caused major damage in the region. This year, Hurricane Dorian sideswiped the...
Washington Tells Captives for Starbucks, Alaska Air to Stop Insuring Risk
Dec 31 2019 // Washington Insurance Commissioner Mike Kreidler has ordered the captive insurers for two giant corporations to stop insuring risk in the state, adding to a large list of big companies whose captives have been fined by the...
Program Underwriters Seek ‘New, New’ Spaces While Administrators Embrace Insurtech
Dec 31 2019 // Fueled by efficiencies introduced by insurtechs and underwriters’ interest in niche classes, the insurance program business has experienced impressive growth the last few years. But heavy interest is also forcing...
Court Upholds Insurers’ Auto Body Repair Networks Against Racketeering Claim
Dec 30 2019 // A federal appellate court affirmed a decision to throw out a racketeering lawsuit brought by a group of 126 auto body collision repair shops against seven of the largest U.S. insurers. The 11th Circuit Court of Appeals in...
It’s Not Easy Getting Insurers to Defend in Sexual Harassment Cases
Dec 24 2019 // While Harvey Weinstein’s insurers have reportedly agreed to pay $47 million to settle civil suits against the movie producer, most policyholders should prepare for an epic legal battle just to get their insurers to...
Underwriters and Insureds Taking Harder Look at Commercial Property Risks
Dec 24 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
Health System in California Pays $575M to Settle Anti-Trust Lawsuit
Dec 23 2019 // One of Northern California’s largest health systems will pay $575 million to settle claims that it used anti-competitive practices to bump up costs for patients, the state’s attorney general said last week,...
The Hartford Joins Insurers Limiting Fossil Fuel Investments, Underwriting
Dec 23 2019 // The Hartford became the latest insurance carrier to cut back on business it does with the fossil fuel industry out of concern over climate change. The company announced it will no longer insure or invest in companies that...
Mass. High Court Upholds Consent-to-Settle Clause in Malpractice Policy
Dec 20 2019 // Massachusetts’ highest court on Monday rejected arguments that consent-to-settle clauses in professional malpractice insurance policies violate public policy. The Supreme Judicial Court sided with CNA subsidiary...
Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten
Dec 20 2019 // Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite potential headwinds that may come from Florida domestic carriers...
Independent Insurance Agent Group Rep Calling Attention to Climate Change Dangers
Dec 19 2019 // A representative for an independent insurance agent group in one state has penned an opinion column calling attention to the dangers posed by climate change. “Going forward, our state remains vulnerable to the...
W.R. Berkley Corp. Forms Captive Insurer in North Carolina
Dec 18 2019 // W.R. Berkley Corporation has formed Oak Harbor Reinsurance Co. (Oak Harbor Re), a protected cell captive insurance company, which was licensed by the N.C. Department of Insurance on Nov. 25. According to the North Carolina...
Florida Auto Insurer Windhaven Placed Into Rehabilitation
Dec 17 2019 // The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer Windhaven Insurance Co. (WIC), based in Miami, has been placed into rehabilitation by a...
California Business Owner Nailed for Workers’ Comp Fraud to Pay $944K to Insurer
Dec 16 2019 // Michael Zendejas, 47, of Turlock, Calif., was sentenced to 180 hours of community service, three years formal probation and ordered to pay $944,718 in restitution after pleading no contest to insurance fraud for under...
Surprise Medical Bill Moving in Congress Could Help Insurers As Well as Patients
Dec 16 2019 // Congress is closing in on a deal that could shield patients from surprise medical bills, eliminating a source of frustration for Americans who face unexpected charges from emergency care and other procedures. The question...
Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 16 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
Insurer Market Conduct Troubles Often Traced to Claims Handling Errors
Dec 16 2019 // Mistakes by claims professionals were the most common reason for enforcement actions against U.S. property and casualty insurers in 2018, taking the No. 1 and No. 2 spot on a top 10 list issued by the Wolters Kluwer...
