Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Few Florida Carriers Filed for Arbitration in 2022, But It’s Coming, Attorneys Say
Jan 26 2023 // After American Integrity Insurance Co. filed for a binding arbitration endorsement on homeowner policies one year ago, many in the industry expected a wave of other insurers to follow suit as claims litigation costs...
Attorney for La. Insurer Says Firm Working with Contractors to Find New Hurricane Claimants
Jan 25 2023 // An insurance defense attorney accuses the McClenny Moseley & Associates law firm of teaming up with restoration contractors to illegally acquire clients, which sometimes resulted in duplicate lawsuits being filed...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected
Jan 24 2023 // When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually saying anything unique. Carlos Wong-Fupuy, a senior director for AM...
How Agentsync Helps Insurance Producers and Adjusters Manage Carrier Requirements for Paper Licensing
Jan 24 2023 // This post is part of a series sponsored by AgentSync. Insurance agents want to get paid for the products they sell. They’ll ultimately choose to partner with the insurance carriers that get commissions paid quickly...
UK Insurers Fear That Promised Brexit Capital Reforms Will Be Derailed
Jan 23 2023 // Insurers loved the UK government’s long-awaited plans to free up billions of pounds of their capital. But after the celebrations have come fears that regulators could nudge the changes in a more cautious...
Insurer Finds No Foundation Problems in Connecticut Public Buildings
Jan 23 2023 // A review of concrete foundations of public buildings in northeastern Connecticut, including schools and fire stations, has found no widespread deterioration problems like what’s plagued hundreds of residential...
Florida Adjusters Say No Action on Charges of Insurers Doctoring Their Reports
Jan 20 2023 // Five weeks after three independent adjusters told Florida lawmakers that insurance carriers have frequently doctored their damage assessment reports, the men said they’ve had no contact from state agencies about the...
Washington Commissioner Fines Insurers, Producers
Jan 20 2023 // Washington Insurance Commissioner Mike Kreidler issued fines in December totaling $55,500 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations. Following is a...
Insurers Agree to Extend ALE Coverage for Colorado Wildfire Survivors
Jan 19 2023 // Insurers agreed to a request from the Colorado Division of Insurance to extend additional living expenses coverage for Marshall Fire survivors. Homeowners’ insurance companies have agreed to extend coverage for up to...
Major Aviation Insurer AXA Pulls Back on War Coverage After Ukraine Losses: Reuters
Jan 19 2023 // The commercial arm of French insurer AXA is reducing cover offered to aviation companies as it seeks to protect the multibillion-euro business after heavy Ukraine-related losses, two underwriting and broking sources told...
Insurers Do Not Have to Defend in Opioid Litigation, Federal Appeals Court Finds
Jan 18 2023 // Two insurance carriers have no duty to defend or to indemnify Quest Pharmaceuticals in lawsuits brought over the drug distributor’s role in the opioid crisis, a federal appeals court decided last week. The opinion...
Banker’s Heirs Sue Japanese Insurer Over Van Gogh’s ‘Sunflowers’
Jan 18 2023 // Vincent van Gogh’s Sunflowers painting should be returned to the family of its former owner by Sompo Holdings Inc., the Japanese insurer that bought the famous artwork despite its tainted Nazi-era past, according to...
Pennsylvania Mail Carrier Case Tests ‘Reasonable Accommodation’ for Religion
Jan 18 2023 // The U.S. Supreme Court on Friday agreed to hear an appeal by an evangelical Christian former mail carrier in Pennsylvania who accused the U.S. Postal Service of religious bias after being reprimanded for refusing to...
Appeals Court Rules Insurers Not Obligated to Defend Distributor of Opioids
Jan 17 2023 // Westfield National Insurance Co. and Motorists Mutual Insurance Co. are not required by their insurance contracts to defend generic drug distributor Quest Pharmaceuticals against dozens of opioid-related...
Doctors, Insurers Clash on Florida Workers’ Comp Physician Dispensing Rules
Jan 17 2023 // Physician dispensing of medications has long been a flash point in workers’ compensation insurance, with at least 22 states regulating or restricting the practice. Florida is no exception to the controversy, and...
British Motor Insurers’ Shares Fall Sharply as Direct Line Scraps Dividend
Jan 11 2023 // Shares in Direct Line lost more than a quarter of their value on Wednesday after the British motor and home insurer unexpectedly scrapped its 2022 final dividend, with stocks in rivals Admiral and Aviva also falling...
ONEOK, Insurers Agree to $930M Settlement Over Natural Gas Plant Explosion
Jan 11 2023 // Tulsa, Oklahoma-based natural gas provider ONEOK, Inc. (NYSE: OKE) announced that it has reached an agreement with its insurers to settle all claims for physical damage and business interruption related to an explosion at...
South Carolina DOI Sees $10 Million to Policyholders After Complaints about Insurers
Jan 10 2023 // The South Carolina Department of Insurance in 2022 returned $10.3 million to policyholders who filed complaints about insurance companies, the department said in a bulletin Tuesday. The department resolved some 4,500...
Insurer vs. Insurer: Appeals Court Affirms Bad Faith Verdict in Florida Work Injury Case
Jan 6 2023 // After a job-site injury left independent contractor Ernest Guthrie paralyzed below the waist, two insurers for the contractor that hired him agreed to pay the full policy limits — $1 million each — only one month after...
D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme
Jan 5 2023 // A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its former chief executive officer was convicted of stealing $4.9 million from clients, a federal...
