Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
People Moves: Watkins Names Loftis Director of Sales and Carrier Relations
Jul 25 2023 // Watkins Hires Loftis as Director of Sales and Carrier Relations Watkins Insurance Group, headquartered in Austin, Texas, hired H. Lee Loftis as the new director of sales and carrier relations. Lofits has over 45 years of...
Delaware Takes Fight Against IRS Over Captive Insurers’ Data to Supreme Court
Jul 25 2023 // The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service (IRS) over the release of information on captive insurers. This fight has placed Delaware’s state regulation of...
A First Look at How U.S. Insurers Are Adopting Global Climate Reporting Guidelines
Jul 25 2023 // U.S. insurers are adopting numerous strategies to deal with risks from climate change, according to a review out today that gives the first look at how or if insurance companies are adopting the widely used Task Force for...
One Year Old, US Climate Law is Turbocharging Clean Energy, Raising Issues for Insurers
Jul 25 2023 // On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted...
Pastor to Go to Jail, Repay Church and Insurer for Stealing $130K to Cover Gambling
Jul 25 2023 // A New Hampshire executive pastor has been sentenced to 18 months in prison for stealing about $130,000 from his church to pay off gambling debts and make purchases. Gregory Neal, of Barrington, 45, was sentenced in federal...
Landlord’s Insurer Denied Recovery for Damage Caused by Tenant’s Drone
Jul 24 2023 // Sathiyaselvam Thangavel’s hijinks with a drone caused more than $77,000 in damage to the apartment building where he lived, but his landlord’s insurer can’t recover that money from Thangavel even though...
Louisiana Commissioner Directs Insurers to Talk to Policyholders as Hurricane Ida Claims Deadline Looms
Jul 21 2023 // A day after the Louisiana Supreme Court announced that it is lifting a stay on hurricane-damage lawsuits filed by McClenny Moseley & Associates, state Insurance Commissioner James Donelon on Thursday issued a directive...
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Jul 21 2023 // U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet growth and other indicators of...
Florida Insurers Have Until Aug. 1 to Show They Have Proper Claims Manuals, OIR Says
Jul 21 2023 // Florida property insurers now have a week to attest that they have and use claims-handling manuals that reflect industry practices and standards, the state Office of Insurance Regulation said in a bulletin. By Aug. 1,...
Texas Mutual Insurance Company Awards Over $4 Million in Grants to Nonprofits
Jul 19 2023 // Texas Mutual Insurance Company has awarded more than $4 million in grants to several Texas nonprofits, part of its commitment in community funding to nonprofit organizations. Texas Mutual has committed funding to nonprofit...
Digital Asset Insurer Evertas Acquires Bitsure, Crypto Mining Insurance Specialist
Jul 19 2023 // Evertas, the Chicago-based dedicated crypto insurance company, announced the acquisition of Bitsure, the world’s first insurer dedicated to coverage for crypto mining operations. Launched in 2021, Cape Town, South...
Ukraine Plea to Keep Grain Moving Clashes With Reality Facing Insurers, Shippers
Jul 19 2023 // Ukraine is pushing for grain exports to continue from key ports following Russia’s withdrawal from the Black Sea grain deal. Insurers and shippers aren’t so sure. Russia’s termination of the pact this...
Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best
Jul 18 2023 // Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace...
Insurers to Pay $15M to Settle Murdaugh Fatal Boat Crash Claims
Jul 18 2023 // Insurers for the convenience store that sold beer to Paul Murdaugh have agreed to pay $15 million to settle the wrongful death suit stemming from the 2019 boat crash involving Murdaugh in which teenager Mallory Beach was...
Insurers Reviewing Black Sea Ship Cover After Russia Quits Grain Deal: Sources
Jul 17 2023 // Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit a U.N.-backed deal that allows the export of grain through a wartime Black Sea safe corridor, industry...
California Workers’ Comp Insurer Combined Losses and Expenses in 2022 Were $15B
Jul 17 2023 // The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2022. Key findings in the report include: Medical losses paid in 2022 were...
Florida High Court Rule Change Seen as a Win for Med Mal Insurers
Jul 14 2023 // Like a sports league deciding to make greater use of in-game instant replay on crucial calls, the Florida Supreme Court has made it a little easier for hospitals and other medical malpractice defendants to challenge expert...
5th Circuit Asks Texas Supreme Ct. if Attorney Fees Owed After Insurer Pays Appraisal Award
Jul 13 2023 // A federal appellate court, grappling with conflicting decisions from federal courts, is asking the Texas Supreme Court to decide whether attorney fees can be awarded to claimants when insurers pay appraisal awards plus...
Insurers Sue Energy Corporation Blamed for Helping Start Colorado Wildfire
Jul 12 2023 // Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed Thursday, a few weeks after...
Delos to Insurers Shedding Wildfire Risk: Send the Homes to Us
Jul 12 2023 // About 6 million homes in the U.S. are considered uninsurable due to wildfire risk. The models at Delos Insurance say about half of those homes are absolutely insurable. “Delos sees a lot more insurable homes in...
