Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
European Insurers Worried Regulators May Block COVID-19 Dividends
Sep 9 2020 // Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The pandemic will likely lead to...
Pullback by Wary Credit Insurers Leaves Suppliers, Retailers in Bind
Sep 8 2020 // Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t ship to stores. The reason? The 66-year-old family-owned sock maker can’t get enough...
Belgian Insurer Ageas Could Be Next Private Equity ‘Unloved’ Target: Opinion
Sep 8 2020 // The unloved insurance sector is proving a rich territory for acquirers. Apollo Global Management Inc., Blackstone Group Inc., Carlyle Group, KKR & Co. — the big guns of private equity have been conspicuously active...
NICB: Towing Scams Prove Costly for Chicagoans, Insurers
Sep 7 2020 // Though perhaps not the absolute worst region in the U.S. for insurance scams involving towing abuses, Chicago-area vehicle owners still face exorbitant towing and storage fees, unsolicited tows, and dangerous, unsafe...
Solving Risk Puzzles in a Complex World
Sep 7 2020 // Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly...
Defendants in Separate COVID-19 Business Interruption Suits Score Wins in Texas Courts
Sep 7 2020 // Rulings in two lawsuits originating in Texas over business income losses related to the COVID-19 pandemic were handed down in August in favor of insurance firms. In one, an insurance agency was added to a restaurant...
Texas Windstorm Insurer: No Rate Change for Now
Sep 7 2020 // The board of directors of Texas’ property insurer last resort for wind and hail in the state’s coastal counties voted in August to file a 0% rate change with the Texas Department of Insurance The Texas...
Insurers, Covid-Hit Businesses May Be at Odds Over Interruption Claims for Disasters
Sep 4 2020 // As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many companies that were damaged...
Florida Workers’ Comp Rates Going Down, Again
Sep 4 2020 // The downward trend for Florida workers’ compensation rates is set to continue next year thanks to favorable loss experiences from policy years 2017 and 2018. The latest filing from the National Council on...
California Wants Insurers to Reimburse Costs for Those Displaced by Wildfires
Sep 3 2020 // California Insurance Commissioner Ricardo Lara issued a notice to all California property/casualty insurance companies urging them to cover additional living expenses for policyholders who remain under mandatory evacuation...
Pay-Per-Mile Car Insurer Metromile Signs Deal with Ford
Sep 3 2020 // Auto insurer Metromile said it is teaming up with Ford Motor Co. to provide owners of Ford vehicles with connectivity technology with personalized car insurance. Ford is Metromile’s first agreement with a major...
Florida High Court Rejects Strems Bid to Dissolve Suspension; Contempt Petition Filed
Sep 2 2020 // A Florida attorney accused of causing great public harm through a “vast campaign of unprofessional, unethical, and fraudulent conduct,” by way of thousands of insurer lawsuits has lost his latest battle to...
Insurers Say They’re Having Trouble Recruiting New Employees
Sep 2 2020 // U.S. insurers want to fill existing positions or expand their staffs over the next year but say they are still having trouble recruiting, even during the COVID-19 pandemic where unemployment has skyrocketed, according to a...
Insurance Plays Key Role in Civil Rights Settlements Against Law Enforcement
Sep 2 2020 // Municipalities, their insurers and risk pools should be heeding the current public re-examination of police and prosecutorial actions taking place across the country, according to an insurance policyholder attorney who...
Insurer Travelers Reports ‘Mini-Tender’ Offer by TRC Capital; Advises Shareholders Reject
Sep 1 2020 // The Travelers Companies reported on Tuesday it has been notified that TRC Capital Investment Corp. has made an unsolicited “mini-tender” offer to purchase up to 1,000,000 shares of Travelers’ common stock...
Drones Help Insurance Companies Check Windstorm Damage in Iowa
Aug 31 2020 // Insurance adjusters who descended on Cedar Rapids, Iowa, after the Aug. 10 derecho storm are using drones to check roofs and asking homeowners with less severe damage to take their own photos. Some of this is due to the...
Insurer Travelers Overcomes California Restaurant’s COVID-19 Business Loss Claim
Aug 31 2020 // A federal court in California has dismissed a lawsuit filed by a Los Angeles restaurant seeking business interruption losses from Travelers Indemnity due to coronavirus-related restrictions on its business. Judge Stephen...
Exotic Dancer Involved in 2010 Crash Gets $8.6M from Insurer
Aug 28 2020 // A former exotic dancer seriously injured in a 2010 car crash with an off-duty Massachusetts police officer has been paid about $8.6 million by the insurance company for the strip club, according to court records. Kailee...
Analytics Helping Insurers Identify Workers’ Compensation ‘Mega’ Claims More Quickly
Aug 28 2020 // The share of “mega” workers’ compensation claims — those expected to cost $3 million or more — climbed steadily since 2013 after dropping as construction employment declined sharply during the Great...
Analysts Warn of Effects of Hurricane Laura Losses on P/C Insurers
Aug 27 2020 // Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on...
