Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Dissatisfied Claimants Put Carriers at Risk of Losing $170B in Premiums: Accenture
Aug 11 2022 // A research report published last week found that one-third of claimants were not fully satisfied with their most recent insurance claims experience, adding that speed of settlement is a clear pain point for...
Runoff Specialist RiverStone Buying Vermont Captive Insurer Western P&C
Aug 11 2022 // RiverStone, the U.S. insurance runoff specialist of the Fairfax insurance group, announced a tentative agreement to acquire Western Property & Casualty Insurance Co. to be effective this month. The shareholders of...
UK Insurer Aviva Posts 14% Rise in H1 Operating Profit
Aug 11 2022 // Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares to the top of the FTSE 100 gainers on...
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Aug 10 2022 // Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive. The state is self-insured for property...
Insurers Get Safety Assurances for Ships Exporting Ukraine Grain Through Black Sea
Aug 9 2022 // Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile buffer zone, according to long-awaited procedures agreed by Russia, Ukraine, Turkey and the United Nations on Monday and seen by...
Phone Call With Insurer Does Not Void Insured’s Prior Rejection of Coverage
Aug 8 2022 // A motorcycle driver’s signed waiver of underinsured motorists coverage in 2004 was still in effect 15 years later when he was in a tragic crash despite a phone conversation he had in 2014 with a representative for...
Insurtech Startup Quotech Announces £1 Million Investment Led by Re/insurer Convex
Aug 8 2022 // Quotech, the insurtech that creates data-taming systems for specialty insurers, brokers, and MGAs, has raised £1 million from a number of angel investors and Convex Group Ltd., the international specialty insurer and...
Catch 2022: Law Requires Fla. Insurers to Report Plaintiff Legal Fees, But Data Not There
Aug 8 2022 // At a recent workshop held by the Florida Office of Insurance Regulation, a claims specialist for USAA summed up the conundrum that property insurers are about to face when asked to report the other side’s legal fees...
UK’s Solvency II Reforms Could Open Door to Share-Buyback Bonanza for Insurers
Aug 5 2022 // Insurers would potentially be able to use billions of pounds of expected gains from a relaxation of capital rules for share buybacks and to pay dividends, under plans by both candidates to succeed Boris Johnson as UK prime...
Louisiana Insurers Have Paid $13.1 Billion on Ida Claims
Aug 4 2022 // Louisiana insurers have paid or reserved to pay $13.1 billion on Hurricane Ida claims through June 30, 2022, the state’s department of insurance announced this week. Policyholders have filed 460,709 claims of all...
UK Insurer Aviva Builds Private Client Business With Azur Acquisition
Aug 4 2022 // UK Insurer Aviva has agreed to sign a binding agreement with the specialist managing general agent Azur Underwriting Ltd., to acquire its high-net-worth personal lines business in the UK and Ireland. Financial details of...
Viewpoint: Regulatory Interest in Big Data, AI More Than a Carrier Problem
Aug 4 2022 // The California Insurance Commissioner and the California Department of Insurance (CDI) recently issued a bulletin regarding industry bias and discrimination. The bulletin acknowledged allegations of bias and discrimination...
Weston Insurance Becomes Fifth Florida Insurer to Go Insolvent This Year
Aug 4 2022 // Weston Property & Casualty Insurance Co. is insolvent and should be placed into receivership, making it the fifth Florida property insurer this year to be dissolved, according to state regulators. The Florida Office of...
How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?
Aug 3 2022 // Powered by InsuranceJournal.tv The U.S. Supreme Court’s June overturning of the 1973 Roe v. Wade decision protecting women’s constitutional right to an abortion has brought with it reports of growing digital...
Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments
Aug 3 2022 // Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd’s of London insurer shares plunged on...
French Insurer AXA Posts 3% Rise in H1 Net Profit
Aug 3 2022 // French insurer AXA announced a new share buyback program as it posted a 3% rise in first-half net profit, driving up its stock price. AXA, Europe’s second-biggest insurer behind Germany’s Allianz, said it would...
UK Motor Insurer Direct Line to Raise Premiums After H1 Profit Hit
Aug 2 2022 // British motor insurer Direct Line is raising premiums after higher claims hit its first-half profits, as the company feels the effects of soaring prices for everything from used cars to spare parts. Chief Executive Penny...
The Hidden Costs of Switching Carriers at Renewal Time
Aug 2 2022 // This post is part of a series sponsored by IAT Insurance Group. It’s no secret, insurance costs are on the rise – across coverages. And current market trends reveal larger increases in the first quarter of 2022....
Liberty Mutual Insurance Acquires Malaysian Insurer AmGeneral
Aug 1 2022 // Liberty Mutual Insurance has completed the acquisition of Malaysian insurer AmGeneral Insurance Berhad, which is expected to make Liberty Mutual the country’s largest auto insurer. AmGeneral was previously 51%-owned...
Louisiana Judge: State Can’t Order Insurers to Pay Ida Evacuation Expenses
Aug 1 2022 // A Louisiana judge has ruled that the state’s insurance commissioner’s directive ordering insurers to pay policyholders’ Hurricane Ida evacuation expenses is invalid and unenforceable. Judge Patrick Moore...
