Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How Aerial Imagery and AI are Helping Florida’s Insurers with Climate Change and Fraud
Aug 25 2023 // Residents of Southeastern states like Florida will be looking ahead to the heart of hurricane season with trepidation. With climate change bringing storms that are wetter, slower and more prone to intensifying rapidly,...
Insurer Berkley Wants Judge in Virginia to Toss $5.8M Jury Verdict Over Mold Claim
Aug 23 2023 // Berkley Assurance Co. is asking a federal judge in Virginia to throw out a $5.8 million jury verdict against it in a case where the insurer maintains a construction firm failed to notify it of its mold claim in a timely...
Insurance 101: What Are Captive Insurance Companies and How Do They Operate?
Aug 23 2023 // This post is part of a series sponsored by AgentSync. From rental cars to groceries to Netflix subscriptions, it seems nothing is safe from price increases these days – including insurance. There’s no denying that,...
Insurers Raise Premiums for Black Sea Oil Tankers as Tensions Mount: Traders
Aug 23 2023 // Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known as “war risk premiums,” four traders said. A war risk premium was...
Small Businesses Give Record-High Ratings to Commercial Insurers: JD Power
Aug 23 2023 // Small businesses across the U.S. are increasingly satisfied with the products and services they receive from their commercial insurance providers. According to the 11th annual JD Power 2023 U.S. Small Commercial Insurance...
InsurSign: The DocuSign for Carriers & Agencies
Aug 22 2023 // San Francisco, CA., August 22, 2023 — InsurSign is proud to announce the launch of its flagship product, InsurHub, a more affordable alternative to DocuSign, offering unlimited signatures and designed specifically...
Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports
Aug 22 2023 // Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea. The service could start as soon as early September, though a...
Private Flood Insurers See Opportunity as NFIP Increases Rates
Aug 21 2023 // While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share...
Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch
Aug 18 2023 // Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine big market...
Social Media Investigations Are a Winning Strategy for Insurers
Aug 17 2023 // If you’re a plaintiff in an injury lawsuit against your insurer, you might want to ask your wife not to post videos online of you frolicking in a swimming pool. An Instagram post by a woman that showed her husband,...
UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit
Aug 16 2023 // Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the...
Insurers Fume at Proposal That May Crimp Private Investments
Aug 16 2023 // Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in deals sold in fast-growing private markets that offer higher yields but often bring...
Insurer Argues Baltimore Not Covered for Employee’s Sexual Abuse of Minors
Aug 16 2023 // Philadelphia Indemnity Insurance Co. is asking a federal court to declare that it does not have to indemnify Baltimore officials who have been targeted in a class action that was filed after a former city security guard...
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...
Alabama Tow Truck Operator Set for Trial on Overcharging Insurance Companies
Aug 15 2023 // One of five Alabama tow truck operators charged with overcharging insurance companies will go to trial in April, almost four years after the men were hit with insurance fraud charges. Danny Williams, owner of Southport...
People Moves: Assurex Global President and CEO Hildebrandt Elected to Western National Mutual Insurance Company’s Board of Directors
Aug 10 2023 // Assurex Global President and CEO Hildebrandt Elected to Western National Mutual Insurance Company’s Board of Directors Dean Hildebrandt, president and CEO of Assurex Global, headquartered in Columbus, Ohio, was...
Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise
Aug 10 2023 // Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources...
New Hampshire Insurers, Agencies Must Report When Producers Are Fired
Aug 9 2023 // The New Hampshire Insurance Department is reminding insurance companies and agencies that they must notify the department when terminating producers for cause. “In the interest of ensuring compliance and upholding...
Texas Legislature Takes Aim at the Use of ESG-Related Factors by Insurance Companies
Aug 8 2023 // Insurance companies are increasingly incorporating environmental, social and governance (ESG) factors into their underwriting processes when they examine risk. However, despite the increasing adoption of ESG-related...
US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount
Aug 8 2023 // U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said...
