Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Protecting your marine clients with the right carrier partnerships
Nov 12 2021 // This post is part of a series sponsored by The Hanover Insurance Group. In a world of ever evolving risk, marine coverage is an essential part of any insurance program. Why? There are numerous situations where standard...
Chinese Insurer Ping An Plans to Sell $2.1B Stake in Autohome: Sources
Nov 12 2021 // HONG KONG – Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto services portal Autohome, three people familiar with the situation told Reuters. Ping An, which is currently...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal
Nov 12 2021 // Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest...
Insurers for High Crime Areas on Notice after Georgia Court Affirms $43M Verdict
Nov 12 2021 // A Georgia appeals court has upheld a $43 million premises liability verdict against the CVS Pharmacy chain, ruling that the company failed to take security measures to prevent the shooting of a patron in 2012. The case is...
Risky Business: Climate Change Turns Up Heat on Insurers, Policyholders
Nov 12 2021 // Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire. But after a wildfire swept through their Northern California town of Paradise three years ago,...
California Commissioner’s Latest Insurer Non-Renewal Moratorium Covers Nearly 210K Homes
Nov 10 2021 // California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included in an earlier emergency declaration, bringing the...
P/C Insurers Turn In Solid First Half Performance
Nov 10 2021 // U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, as the country continued to recover from COVID-19’s economic...
Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters
Nov 10 2021 // HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion share sale from the United States to Hong Kong, said two sources with direct knowledge of...
Lemonade to Acquire Auto Insurer Metromile in Merger of Insurtechs
Nov 9 2021 // Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New...
Top 20 Cyber Insurers in U.S. Including Loss Ratios: NAIC
Nov 9 2021 // The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance Commissioners...
Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO
Nov 9 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of...
2020 Louisiana Hurricane Season Costs Insurers At Least $10.6 Billion
Nov 9 2021 // Insurance companies are on track to pay at least $10.6 billion to cover Louisiana claims for damage caused by Hurricanes Laura, Delta and Zeta, according to Insurance Commissioner Jim Donelon. Donelon released the latest...
New York Governor Signs Bill Restricting Home Insurers Over Dog Breeds
Nov 8 2021 // New York Governor Kathy Hochul last month signed a legislative package relating to animal welfare. The package includes legislation S.4254/A.4075, which prohibits insurers from refusing to issue or renew, cancel, or charge...
Florida Appeals Court: Delayed Claim Document Doesn’t Hurt Insurer
Nov 5 2021 // A week after a federal court found that waiting two years to file a property claim is too long, a state court reached a different conclusion: Failing to timely file supporting documents on a claim does not necessarily harm...
Canada Insurers, Banks Can Resume Dividend Hikes as Regulator Lifts COVID-Era Curbs
Nov 5 2021 // TORONTO – Canadian banks and insurers can resume dividend increases and share buybacks and raise executive compensation, the country’s financial regulator said on Thursday, lifting a moratorium it imposed in March...
Insurers Deny Surfside Claims, Sue Engineering Firm; Firm Counter-sues
Nov 4 2021 // Dueling lawsuits have been added to the growing amount of litigation arising from the collapse of the Champlain Towers condominium building in Surfside, Florida, but the latest suits could have a significant impact on...
EU Regulator Says Insurers Could Face Climate Stress Tests as Soon as 2023
Nov 4 2021 // LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator said at the Reuters Future of Insurance Europe conference on Thursday. The insurance industry...
Hong Kong Insurer FWD Adds Warnings About China Risks in SEC Filings for IPO
Nov 3 2021 // Hong Kong-based insurer FWD Group has told U.S. regulators it cannot guarantee that Beijing would not seek to “intervene or influence” its operations, adding to its list of risk factors as it tries to push...
Finnish Insurer Sampo Sees 30% Jump in Profit During Q3
Nov 3 2021 // HELSINKI – Finnish insurer Sampo on Wednesday beat expectations with a 30% jump in quarterly core earnings, aided by a strong performance from its main subsidiary If and gains from selling a stake in Finnish Nordea bank...
Insurer to Pay $625K to Settle Deceptive Practices Claims in Massachusetts
Nov 3 2021 // An insurance company has agreed to pay $625,000 to settle allegations that it used deceptive and illegal practices to sell health insurance plans to Massachusetts residents, the state attorney general’s office said...
