Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Arkansas Medical Supply Owner, CEO Indicted For Allegedly Conspiring to Defraud Workers’ Comp Insurers
Mar 2 2022 // Both the former owner of a Rogers, Arkansas-based medical supply and billing company and its former chief executive officer have been indicted by a federal grand jury for their roles in three separate conspiracies to...
It’s Time to Think About the Future of Producer Management
Mar 2 2022 // This post is part of a series sponsored by AgentSync. The insurance industry is riding a wave of insurtech and other digital advancements because there is a dire need to transform manual processes that have long hampered...
Oklahoma Insurance Dept.: Insurers Must Notify Policyholders of Triggering Events Upon Renewal
Mar 1 2022 // Oklahoma Insurance Commissioner Glen Mulready informed all property and casualty insurers authorized to do business in the state that upon renewal of an existing policy, each Oklahoma policyholder must receive notice...
Indian Court Blocks Struggling Future Enterprises Sale of Stake in Insurer Generali
Mar 1 2022 // An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two...
Kansas Court Rules Insurer had No Duty Pay Policy Limit Before Demand Was Made
Feb 28 2022 // A claims adjuster’s sub-standard investigation of a potential fatal accident claim does not warrant a multi-million award of damages against an insurer that issued a policy with a $25,000 limit, the Kansas Court of...
Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate
Feb 28 2022 // The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state orders requiring employers and their workers’ compensation insurers to pay for...
Washington School Bus Carrier Could be Fined $364K for Safety Violations
Feb 28 2022 // Washington state regulators found more than 600 safety and procedural violations by school bus carrier First Student in the past two years, dozens of which persisted for years after company officials were warned of the...
New Mexico Archdiocese Sues Insurers Over Sexual Abuse Coverage
Feb 28 2022 // One of the oldest Roman Catholic dioceses in the U.S. is suing four insurance companies over claims that they haven’t fulfilled contracts to provide liability coverage for sexual abuse complaints. The Archdiocese of...
Facing Antitrust Charges, Irish Insurer Group to Unlock Platform for Nonmembers
Feb 28 2022 // Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to nonmembers and apply fair criteria to access it in an attempt to end a near-three EU antitrust investigation and stave...
India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source
Feb 28 2022 // India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed at easing the listing of the...
St. Johns Insurance Insolvent, to be Liquidated, Florida DFS Reports
Feb 28 2022 // St. Johns Insurance Co., one of the larger property/casualty insurers based in Florida, is now insolvent and will soon be liquidated. The Florida Department of Financial Services posted a notice Friday that a judge in Leon...
California Commissioner Wants to Require Insurers to Factor Wildfire Safety Steps into Pricing
Feb 25 2022 // California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of insurance for homeowners and businesses. The proposed regulations, which could be...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail
Feb 25 2022 // Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region for vessels still willing to sail after Russia’s invasion of...
Insurers for Law Firm, Engineers in Collapsed Condo Settle with Victims’ Families
Feb 24 2022 // Insurers for an engineering firm overseeing major repairs at the collapsed Surfside condominium and for a law firm that advised the condo association have agreed to settle a lawsuit brought by survivors and families of the...
Pennsylvania Adopts Exception to Ban on an Insurer Subrogating Against an Insured
Feb 24 2022 // The Pennsylvania Supreme Court has sided with an insurer seeking subrogation for payments it made to an injured worker before it was determined the insurer was not obligated to make the payments. The state’s highest...
Brazilian Hospital Chain Rede D’or Acquires Insurer SulAmerica for $2.6 Billion
Feb 24 2022 // Rede D’or said on Wednesday it has agreed to acquire insurer SulAmerica Seguros in a 13 billion-real ($2.6 billion) deal combining Brazil’s largest hospital network with one of the country’s major...
Florida House Committee Gives Nod to Surplus, Citizens, Fraud Bills
Feb 24 2022 // The Florida House of Representatives’ Commerce Committee passed no fewer than five bills Wednesday that could affect property and casualty insurance, from allowing surplus lines carriers to be based in Florida, to...
Startup MGA Rising Edge Targets Low-Layer D&O Business
Feb 24 2022 // The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance. CEO Philippe...
Agency’s Specialty Portfolio Often Fragmented by Working With Multiple Carriers
Feb 23 2022 // The Hanover Insurance Group recently released its State of Specialty Insurance Report, which highlights the risks of fragmentation in the marketplace. The report spotlights the advantages agencies realize when they create...
Prime Insurance Company and Prime Property & Casualty Insurance Inc. Announces the Appointment of New Board Member
Feb 23 2022 // Ms. Richards states, “It is an honor to serve a carrier so dedicated to fighting for justice on behalf of our insured partners.” Chicago, IL, February 23, 2022 — Rick J. Lindsey, President, CEO and Chairman...
