Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks
Mar 22 2023 // Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their portfolios and prevent...
5 Reasons Smart Insurers Embrace Modern Infrastructure in Recessive Market Conditions
Mar 22 2023 // This post is part of a series sponsored by AgentSync. Stock markets are struggling. Venture capital funding is drier than it’s been in the last few years. Even with the midterm election wobbles in the rearview...
With Sex Assault Cases on the Rise, Insurers Tighten Hospital Liability Exclusions
Mar 22 2023 // South Floridians may remember the case of a patient at Westchester General Hospital in Miami, who said she was sexually assaulted by a hospital worker on New Year’s Eve in 2019 while she was sedated. The...
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
Mar 20 2023 // For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and...
Insurers’ Digital Claims Tools Failing Customers: J.D. Power
Mar 20 2023 // Calling the trend “worrying,” J.D. Power’s new property claims satisfaction report indicated that insurers’ digital tools to speed the claims process are not pleasing homeowners insurance customers,...
Architects & Engineers Insurers Seek More Rate Increases: Ames & Gough
Mar 20 2023 // According to a new survey from specialty broker Ames & Gough, insurers of professional liability for architects and engineers are planning additional rate increases to keep pace with rising claims costs, a backlog of...
Louisiana Commissioner Giving Incentive to Insurers Taking UPC Policies
Mar 20 2023 // Louisiana Commissioner Jim Donelon is notifying property/casualty insurers that they will receive credit toward the Insure Louisiana Incentive Program’s grant requirements for assuming United Property & Casualty...
Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings
Mar 17 2023 // Insurers say a new regulation proposed by Washington state Insurance Commissioner Mike Kreidler that requires them to explain premium increases to their policyholders in language consumers can understand has the potential...
London Market Insurers Publish Guidelines for Marine Casualty Claims
Mar 17 2023 // New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of shipping casualties. A protocol document seeks to promote more effective communication between...
Specialist Insurer Hiscox Launches Underwriting Academy in UK
Mar 17 2023 // Specialist insurer Hiscox UK has officially launched its underwriting academy following a successful pilot in Q4 2022. The Hiscox Underwriting Academy provides hands-on technical and professional development for high...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead
Mar 16 2023 // Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case
Mar 16 2023 // A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages but neither the agent nor the insurer has a fiduciary duty to an insured under Connecticut law. U.S....
California Workers’ Comp Committee to Discuss Insurer Experience
Mar 16 2023 // The Workers’ Compensation Insurance Rating Bureau of California’s Actuarial Committee is set to talk about insurer experience, and the impact of the economic slowdown on the pure premium. The committee is set...
Assisting Insurers with Compliance Under California’s New Wildfire Insurance Regulations
Mar 15 2023 // This post is part of a series sponsored by CoreLogic. Over the past five years, wildfires have been particularly devastating across California, leading insurers, homeowners, and regulators to reconsider how they manage and...
Government’s SVB Intervention Saved Insurers From Significant D&O Claims
Mar 15 2023 // Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers insurance for startups and venture capitalists – as well as financial institutions...
EU Prepares for Climate Stress Test That Includes Insurers
Mar 14 2023 // The European Union is starting to prepare the region’s next stress test to measure the financial sector’s readiness for climate change, with the exercise set to involve the insurance industry for the first...
Ex-Goldman Banker Faces Insider Trading Trial After Being Cut Off by Bank’s Insurer
Mar 14 2023 // A former Goldman Sachs Group Inc. vice president who goes on trial for insider trading in June is scrambling to pay for his legal defense after he was cut off by the bank’s insurers. Brijesh Goel, who has pleaded not...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia
Mar 13 2023 // Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for jets that have been left out of reach in Russia. Judge Christopher John Butcher at...
Update: Swiss Regulator Monitors Banks, Insurers for Contagion After SVB Collapse
Mar 13 2023 // Swiss financial regulator FINMA on Monday said it was closely monitoring the banks and insurers it oversees after the U.S. moved to guarantee the deposits of two failing lenders in an effort to stem contagion. Credit...
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights
Mar 10 2023 // Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s...
