Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How AI Can Help Agents, Brokers and Insurers Build Empathy
Apr 4 2022 // Empathy isn’t a word small business owners typically associate with insurance companies. But that doesn’t mean empathy isn’t important to policyholders. Quite the opposite: Empathy demonstrated by...
With Florida Rulings, Will More Insurers Require Arbitration in Claims Disputes?
Apr 1 2022 // A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another tool that could be used to stem the tide of claims litigation. In AirBnB Inc. vs....
Generali Investor Del Vecchio Backs Change in Insurer’s Leadership
Mar 31 2022 // Italian tycoon Leonardo Del Vecchio is backing a push for a change in leadership at Assicurazioni Generali SpA, saying that a proposed slate of new managers put forward by investor Francesco Gaetano Caltagirone could free...
Ukraine Urges Marine Insurers to Withdraw Coverage for Russian Shipping Companies
Mar 31 2022 // The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in a bid to intensify pressure on Vladimir Putin’s regime. Oleg Ustenko,...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Mar 31 2022 // Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. Following the...
Illinois Court: Insurer Must Defend IT Company in BIPA Suits
Mar 30 2022 // An insurer must defend an information technology company facing a pair of Biometric Information Privacy Act (BIPA) lawsuits, the U.S. District Court for the Northern District of Illinois said in a March 30 ruling. In...
Insurers: NAIC’s Move to Amend Climate Disclosure Survey Too Quick
Mar 30 2022 // The National Association of Insurance Commissioners is moving to amend its climate disclosure survey – and insurers may not like it. The Climate Risk Disclosure Survey is a voluntary risk management tool for state...
Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court
Mar 30 2022 // The Boy Scouts of America’s sexual abuse compensation fund may force insurers to make payments they can’t negotiate over, even if the claims are fraudulent, a group of the companies argued in court. Insurers,...
Georgia Commissioner Directs Insurers to Pay Full Amount of Taxes on Totaled Vehicles
Mar 29 2022 // Georgia’s insurance commissioner has issued a directive to auto insurers to include the full amount of sales tax when settling a total-loss vehicle claim. “When calculating taxes to be paid to an insured on a...
New Hampshire Seeks Insurer for Voluntary Family Medical Leave Plan
Mar 29 2022 // New Hampshire is looking for a commercial insurance carrier to fully insure and administer the Granite State Paid Family and Medical Leave Plan. The plan provides participating employees in New Hampshire with 60% of their...
March 2021 Floods in New South Wales, Queensland Cost Insurers A$688M: PERILS
Mar 28 2022 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final industry loss estimate for the New South Wales and Queensland floods, which...
Trade Credit Insurer Euler Hermes Rebrands as Allianz Trade
Mar 28 2022 // Euler Hermes, the world leader in trade credit insurance, has rebranded as Allianz Trade. The company described the name change as a natural move because it has been “fully part of the Allianz Group since...
France’s AXA Stops Re/insuring Russian Insurers, Assets
Mar 28 2022 // French insurer AXA said on Friday that it has stopped all new investments in Russian assets and would no longer underwrite reinsurance of the country’s insurance companies. It said it had stopped underwriting new...
Sick Montana Workers Allege Insurer Delaying Medical Payments
Mar 25 2022 // Attorneys for Montana mine workers sickened and killed by toxic asbestos exposure filed a lawsuit against Zurich American Insurance this week for allegedly stalling legal settlements and medical payments after transferring...
Kentucky Lawmakers Approve Bill to Give Insurers Lower Rates From Home Loan Bank
Mar 25 2022 // Kentucky’s General Assembly has become the only legislature so far this year to adopt a bill that could give insurers lower rates on commercial loans from the Federal Home Loan Bank system. The Kentucky Senate this...
UK’s Asset Freeze of Russian Shipping Firm Sovcomflot Causes Problems for Re/Insurers
Mar 25 2022 // Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the UK on Thursday joined countries that have slapped sanctions on it, with...
Generali Investor Wants Insurer to Be Multinational ‘With Italian Sovereignty’: Report
Mar 25 2022 // Francesco Gaetano Caltagirone, a leading investor in Generali, wants Italy’s top insurer to grow into a big multinational “with Italian sovereignty,” the business tycoon was quoted as saying on...
Japan’s Powerful Earthquake Estimated to Cost Insurers $2 Billion-$4 Billion: Verisk
Mar 24 2022 // The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion and $4 billion, modeling firm Verisk said on Thursday. About $400 million to $820...
Court Denies Insurer Use of Multiple Exclusions to Dodge Defending Insured
Mar 24 2022 // Everest Indemnity Insurance Co. is on the hook to defend an insured alleged to have improperly installed a fire suppression system under its errors and omissions policy because its various exclusions were, at best,...
New York Medical Malpractice Insurer EmPRO to Enter New Jersey
Mar 23 2022 // New York medical malpractice insurer EmPRO Insurance Co., a subsidiary of Physicians’ Reciprocal Insurers, said it is expanding into New Jersey. It has filed to become an admitted insurer in New Jersey and plans to...
