Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insuring Cannabis Summit: Carriers Seeing Evolution of the Space
Nov 7 2022 // Powered by InsuranceJournal.tv Michael Hall was an early insurance carrier entrant into the insuring cannabis space. Yet, even as it has grown and his competition increases, he doesn’t seem to worry about losing...
Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought
Nov 7 2022 // A hack on an Australian health insurer appears to be far larger than initially suspected, with the company saying it will refuse to pay a ransom for the theft of data. The attack on Medibank Private Ltd. exposed the data...
Robust Business Continuity Plans Need Regular Updates – and Insurers Play Vital Role
Nov 4 2022 // Having a robust, fit-for-purpose business continuity plan (BCP) should be a central part of risk mitigation at any major organization, yet far too often companies don’t give enough consideration to the matter, and...
Lloyd’s Insurer Ascot Resumes Quoting Cargo Insurance for Black Sea Grain Shipments
Nov 2 2022 // Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor, the facility’s lead underwriter said on Wednesday after Russia announced it would resume...
Insurers Stop Offering Cargo Insurance for Ukraine Grains Shipments: Sources
Nov 2 2022 // Insurers are no longer offering new cargo insurance cover for shipments out of Ukraine through a U.N.-backed safe corridor after Russia suspended its participation, industry sources said on Tuesday. An export deal, agreed...
Carlyle Aviation Sues Insurers Over Seized Planes Leased to Russian Airlines
Nov 1 2022 // Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses stemming from the seizure of planes leased to Russian airlines following the invasion of...
Update: Lloyd’s Insurer Ascot Pauses Writing New Cover for Ukrainian Grain Shipments
Oct 31 2022 // Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on...
Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia
Oct 28 2022 // Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19...
Aegon to Merge Dutch Arm With Insurer ASR Nederland in $4.9 Billion Deal
Oct 27 2022 // Aegon NV is combining its operations in the Netherlands with insurer ASR Nederland NV, in a bid for market dominance in the pension, life and non-life insurance sectors. Aegon agreed to a conditional deal for a total...
Rhode Island Bus Service, Health Insurer Sued Over Data Breach
Oct 27 2022 // Two people whose personal information was compromised in a data breach at Rhode Island’s public bus service that affected about 22,000 people sued the agency and a health insurer this week seeking monetary damages...
Carolina Company CFO Ordered to Pay Restitution to Insurer in $2 Million Embezzlement
Oct 26 2022 // The former chief financial officer for a Carolina-based manufacturing supply company must spend more than three years in prison and repay $2 million he embezzled, which includes payments made by the firm’s insurance...
New England Patriots Owner Alleges Insurer Fumbled Media Liability Claims
Oct 26 2022 // Kraft Sports and Entertainment, owner of the NFL’s New England Patriots, has sued Hiscox Insurance alleging the insurer has failed to respond under media liability insurance policies to multiple claims of copyright...
Florida High Court: Settlement Stands, Even Though Comp Insurer Named on Check
Oct 25 2022 // Adam Sounders agreed to settle his personal-injury lawsuit against a trucking company for $500,000, but pulled out of the deal when he received a settlement check that included a workers’ compensation lien holder as...
Re/Insurers Grapple With How to Respond to Claims From Nord Stream Pipeline Blasts
Oct 25 2022 // With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1’s insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars...
Contractor Hits a Wall as Insurer Denies Rectification Coverage Claim
Oct 25 2022 // A Maryland general contractor has spent almost $10.5 million to fix an improperly installed concrete wall system in a school it was hired to build and wants its insurer to reimburse it under a rectification expense...
Few Insurers Offer Input on Future of the Federal Home Loan Bank System
Oct 24 2022 // Very few insurance companies showed up this month to talk about the future of the much-debated, 90-year-old Federal Home Loan Bank System, despite the fact that the system lends heavily to many large insurers at low...
Insurers Still Unclear How G-7 Sanctions on Russian Crude Oil Cargoes Will Work
Oct 24 2022 // Just six weeks before European Union sanctions on Russian oil come into effect, insurers are still unclear as to exactly how they will work. At the heart of the uncertainty is a continued lack of detail surrounding US-led...
Climate Change at Top of Insurers’ Concerns, Followed by War-Related Risks
Oct 24 2022 // Climate change remains at the top of insurance companies’ biggest concerns even as Russia’s invasion of Ukraine stokes geopolitical and energy-related fears within the industry. Global warming is considered as...
All The Latest Insurance Company Estimates: Hurricane Ian Losses
Oct 21 2022 // Just a few days into earnings season for the third quarter, a number of carriers have published loss estimates for insurance claims from Hurricane Ian, or prewarned investors about loss figures that will dent their bottom...
Taiwan’s Watchdog Says Insurers Have Enough Capital to Withstand COVID Claim Surge
Oct 21 2022 // Taiwan’s insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island’s market regulator said. The property insurance companies have no problems fulfilling...
