Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide
Jun 23 2021 // Powered by InsuranceJournal.tv As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs can step in and help insurers navigate the ever changing digital...
Insurers, Owners of Seized Ship Reach Agreement in Principle with Suez Canal Authority
Jun 23 2021 // ISMAILIA, Egypt – A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with...
Europe’s Insurers Expect Robust M&A Activity and Strong Earnings in 2021: Moody’s
Jun 22 2021 // Europe’s insurance industry is emerging from the coronavirus crisis with a stronger appetite for mergers and acquisitions (M&A), along with expectations for strong earnings growth in 2021, according to...
Regulator Objects But Court Clears Bid for $200M From Liquidated Insurer’s Owners
Jun 22 2021 // Creditors who say they were swindled out of more than $200 million by the former owners of the liquidated CastlePoint group of insurance companies may proceed with most of the claims they made in a New York lawsuit, a...
Newspaper Carrier Confronted by Washington Sheriff Seeks $5M in Damages
Jun 21 2021 // A Black newspaper carrier confronted by Pierce County Sheriff Ed Troyer in Washingotn has filed a legal claim seeking at least $5 million in damages. Attorneys representing Sedrick Altheimer submitted the tort claim...
Supreme Court Turns Away Insurers’ Bid Over Obamacare Reimbursements
Jun 21 2021 // The U.S. Supreme Court on Monday declined to hear a bid by health insurance companies to seek a full reimbursement from the federal government under a provision of the Obamacare law aimed at encouraging them to offer...
Connecticut Casinos Sue Insurer Over COVID-19 Losses
Jun 21 2021 // The Native American tribe that owns Connecticut’s Mohegan Sun casino is suing its insurance carrier over what it says was the denial of claims for millions of dollars in losses caused by the COVID-19 pandemic. The...
7 Major Cyber Insurers Form Company to Coordinate Cyber Analysis, Risk Mitigation
Jun 21 2021 // With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers have formed a company to pool their data and expertise and take...
P/C Insurers’ Underwriting Income Fell 53% in First Quarter: AM Best
Jun 21 2021 // The U.S. property/casualty industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same prior-year period, according to preliminary financial results analyzed by AM Best. Increased...
Forgotten Your Passwords? They Soon May Be Lost Altogether – with Insurers’ Help
Jun 21 2021 // The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. While a shocking statistic, when you learn that the most popular password of 2020 was “123456,” this...
Insurers Can’t Mandate Use of Designated Auto Repair Shop, Arkansas Commissioner Says
Jun 21 2021 // Arkansas Insurance Commissioner Alan McClain has reminded insured Arkansans seeking automobile repairs that insurance companies cannot require automobile repairs be done at a specific repair shop. “If an insurer...
Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling
Jun 18 2021 // Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring piece of evidence that there’s ample cause for concern is this: those who will...
U.S. Pet Insurer Trupanion Plans Overseas Growth, Hiring Agria’s Wheeler to Lead Expansion
Jun 17 2021 // Trupanion, the Seattle-based medical insurer for cats and dogs, announced it has hired Simon Wheeler as its executive vice president of International Business. A 30-year veteran of the animal health industry, Wheeler will...
How to pick an E&S carrier: Four characteristics to look for
Jun 16 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The excess and surplus market is growing rapidly. Business is being driven from the admitted market due to actions taken in response to significant...
Michigan to Insurers: Zero-Dollar Claim Is Not a Loss
Jun 16 2021 // Michigan insurance regulators are reminding property/casualty insurers that relying on “zero-dollar claim” in their insureds’ loss history is not allowed. In Bulletin 2021-27-INS, issued by Michigan...
New Mexico AG Opposes California’s Blocking of California Insurance Company’s Redomestication
Jun 15 2021 // New Mexico’s Attorney General has moved to intervene in a lawsuit in which the California Insurance Co.’s is fighting actions by the California Department of Insurance to block CIC’s redomestication to...
Insurors Indemnity to Buy Colonial Lloyds, Expanding Residential Coverage
Jun 15 2021 // Waco, Texas-based Insurors Indemnity has signed a definitive agreement to purchase insurance carrier Colonial Lloyds, headquartered in Fort Worth, pending regulatory approval. Colonial Lloyds has been serving the Texas...
Major UK Asset Manager Divests from Insurer AIG over Climate Policies
Jun 15 2021 // Legal & General Investment Management will sell holdings in four companies including U.S insurer American International Group Inc. after deeming they’re making insufficient progress on addressing climate change...
New Jersey USPS Mail Carrier Charged with Workers’ Compensation Fraud
Jun 10 2021 // A New Jersey U.S. Postal Service (USPS) mail carrier has been charged with making false statements to obtain federal workers’ compensation benefits. Aida Perez, of Roselle Park, New Jersey, has been charged by...
Volkswagen’s D&O Liability Insurers Agree to Pay €270M of Diesel Emissions Payout
Jun 10 2021 // FRANKFURT — Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 million)...
