Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers and Turkey Reach Deal to Let Oil Tankers Sail Unhindered: Norway’s Gard
Dec 13 2022 // Norwegian ship insurer Gard said on Tuesday that an agreement had been reached between Turkey and insurers to enable vessels carrying oil to sail through Turkish waters unhindered. “Following significant engagement...
Russia Insurer Ingosstrakh Has No Plans to Fill Insurance Gap Caused by Sanctions
Dec 13 2022 // Russian insurer Ingosstrakh said on Monday it has no plans to offer policies to new clients who may lose coverage from international insurers after restrictions against Russian oil came into force on Dec. 5. The European...
Aite-Novarica Report to Modernize Carrier Onboarding for Expanding Distribution
Dec 12 2022 // This post is part of a series sponsored by AgentSync. For carriers looking to own the future of their distribution channels, having a reputational advantage with downstream agencies and their producers is mission...
Hong Kong Tycoon Richard Li Weighs $200M Investment in Insurer FWD: Sources
Dec 12 2022 // Hong Kong billionaire Richard Li is weighing investing about $200 million in his insurance company FWD Group Holdings Ltd. as part of a funding round, people familiar with the matter said. An investment would help support...
Lindberg Claims Buyer for Carolina Insurance Companies, But Liquidation Has Begun
Dec 9 2022 // North Carolina insurance executive and reported billionaire Greg Lindberg, now awaiting a second trial on bribery charges, says he has a buyer for his troubled insurance companies. But state regulators point out that...
Insurer Liable for COVID Shutdown of Tina Turner Play, New York Appellate Court Rules
Dec 9 2022 // Producers of a Broadway play based on the life of pop star Tina Turner, which was shut down because of COVID-19, may pursue its business-interruption claim despite a communicable disease exclusion in the policy, a New York...
UPC Latest Insurer to Leave Louisiana
Dec 8 2022 // Florida-based homeowners insurer United Property & Casualty Insurance Company (UPC) has announced it is leaving several states in 2023, including Louisiana where it has approximately 36,000 policyholders. UPC will...
Collapse of FTX Provides ‘Sobering Warning’ for Insurers About Governance Failings
Dec 8 2022 // The collapse of the cryptocurrency exchange FTX demonstrates the dangers of failures of corporate governance, according to a commentary published by AM Best. While FTX is not an insurance company, the series of events...
Oil Tanker Clears Turkish Shipping Logjam With Letter From Russian Insurer: Document
Dec 7 2022 // A letter provided by Russian insurer Ingosstrakh enabled the first oil tanker to sail through Turkish waters in recent days after tougher regulations were imposed by Turkish authorities, a document showed. This has led...
COVID Infections Boost Heart-Related Deaths, Top Africa Health Insurer Says
Dec 7 2022 // Africa’s biggest health insurer said the number of heart-related deaths rose more than sixfold during the COVID-19 pandemic among the clients of one of its units. Discovery Employee Benefits, a unit of...
Florida Session Agenda Calls for Claims Process Changes, More Oversight of Insurers
Dec 6 2022 // Florida legislative leaders posted a proclamation Tuesday painting the broad outlines of the special session scheduled to begin Monday, Dec. 12. And it quickly had tongues wagging around the industry. As expected, the...
Demotech Likely Won’t Rate Any New Florida Insurers, Petrelli Says
Dec 5 2022 // The head of the Demotech insurance rating firm said the company likely won’t take on new clients in Florida, due to the turbulent insurance market and an outcry from state officials last summer. The Business Observer...
Update: Pickleball Explosion in Florida Creating New Hits and Misses for Insurers, Agents
Dec 5 2022 // If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country, especially in Florida, where more than 15 indoor clubs, replete with air conditioning, cafes, locker rooms,...
NAIC Has ‘Deep Concerns’ About FIO Bid to Collect Climate Change Data From Insurers
Dec 5 2022 // In a letter to the Treasury’s Federal Insurance Office, the National Association of Insurance Commissioners expressed its “deep concern” over a proposal to collect data on climate-related risks from...
View from Defense Counsel’s Office: Hope on the Horizon for Florida Insurers?
Dec 2 2022 // Despite recent hurricanes in Florida, continued insurance claims litigation, and steadily rising reinsurance rates, insurers and reinsurers have reason to be optimistic about the next few years. Due to a variety of...
Aircraft Lessors’ Lawsuits Against Their Insurers Rise to $8B for Seized Russian Planes
Nov 30 2022 // Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s invasion of Ukraine. More than 400 leased planes...
Report from California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Nov 29 2022 // Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners’ access to insurance in the face of...
Auto Dealer’s Insurer Not Liable for Auctioneer Employee’s Crash That Killed 5
Nov 29 2022 // A tragic accident at a Massachusetts auto auction company is not covered by the insurance of the auto dealer that hired the auction company to sell the vehicle involved in the accident. A federal appeals court has declined...
SMBC Joins List of Aviation Lessors Suing Insurers Over Jets Stuck in Russia
Nov 29 2022 // SMBC Aviation Capital has joined most of the world’s largest aircraft lessors in pursuing insurance claims through the courts over jets it owns that are stuck in Russia, an Irish High Court filing...
EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants
Nov 29 2022 // Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud computing” giants such as Amazon, Microsoft, Google and...
