Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Climate Activists’ Attacks on Paintings Add to Insurers’ Worries About Threats to Art
Nov 28 2022 // Climate activists’ attacks on some of the world’s most precious paintings have added to insurers’ worries about the threat to art from climate change itself, concerns seen as leading to higher art...
NAIC Adds ‘Deep Concerns’ to FIO Bid to Collect Climate Change Data From Insurers
Nov 23 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...
Lindberg’s Investment Firm Objects to Liquidation of His Former Insurance Companies
Nov 23 2022 // An investment group founded by embattled insurance executive Greg Lindberg has filed an objection to North Carolina regulators’ plan to liquidate two of Lindberg’s insurance companies, arguing that the...
Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions?
Nov 23 2022 // Powered by InsuranceJournal.tv With recent news of multinational food and beverage company Mondelez International settling its lawsuit against its insurer Zurich American Insurance Company over the company’s NotPetya...
Dept. of Transportation Declares Texas Motor Carriers to be Imminent Hazard to Public Safety
Nov 22 2022 // The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has declared Texas Interstate Express and PAC Express LLC related motor carriers located in the Houston area, to be an...
FHA Opens Special Flood Areas to Private Insurers
Nov 22 2022 // The Federal Housing Administration (FHA) has announced regulations to allow mortgagors the option to purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas. Beginning...
Insurers Told Expunged Crimes Off-Limits as New York Licenses First Cannabis Shops
Nov 22 2022 // New York has approved its first 36 retail marijuana dispensary licenses, awarding them to 28 applicants with prior cannabis convictions and eight nonprofits that serve those formerly incarcerated. New York officials wanted...
Aircraft Lessors Sue Insurers for $6.5 Billion Over Planes Trapped in Russia
Nov 22 2022 // Aircraft leasing firms are suing dozens of insurers for around $6.5 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...
