Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Viewpoint: Insurance Denials, Proposed Legislation Raise Concerns
May 6 2020 // The arrival and spread of COVID-19 has had significant and far-reaching social and economic impacts upon individuals and businesses throughout the United States. In an effort to curtail the spread of the virus, local and...
Business Income, COVID-19, and Plaintiff Attorneys: They Keep Trying
May 6 2020 // “I think there was an attempt to dissuade the public from filing these claims and to shape the public opinion that this was not property damage,” said Steven C. Marks, managing partner at Miami-based Podhurst...
Louisiana’s Donelon Asks Commercial Auto Insurers to Offer COVID-19 Relief
May 6 2020 // Louisiana’s chief insurance regulator wants insurers to consider offering premium relief to their commercial auto insurance customers due to the impact of the Coronavirus pandemic. Insurance Commissioner Jim Donelon...
Legal Sea Foods Restaurant Sues Over Business Losses Under Policy Issued March 1
May 6 2020 // A popular seafood restaurant chain that has been shuttered by the coronavirus and restrictions on dining has gone to court to get its insurer to pay for its business interruption losses. It believes its insurer is...
Supreme Court Agrees to Hear Micro-Captive Insurer Tax Case
May 5 2020 // The U.S. Supreme Court agreed to review a ruling that critics say would give the Treasury Department and Internal Revenue Service a sweeping shield from challenges to their regulations. The justices said Monday they will...
AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead
May 5 2020 // Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe...
Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis
May 5 2020 // Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment...
Pennsylvania High Court Says Insurer Has Duty to Defend in Shooting Case
May 4 2020 // The Supreme Court of Pennsylvania held that an insurer has a duty to defend its insured’s estate in a personal injury lawsuit brought by a man who was shot by the policyholder. This comes after Richard A. Carly came...
Delaware Auto Insurers Issue Rebates, Reduce Rates During Coronavirus Pandemic
May 4 2020 // The Delaware Department of Insurance has announced that many consumer-friendly automobile insurer actions are being implemented due to reduced vehicle use throughout the COVID-19 pandemic. As filed with the department,...
Midwest Insurers AmeriTrust, Grange Unveil COVID-19 Relief for Businesses
May 4 2020 // Grange Insurance Co., based in Columbus, Ohio, and AmeriTrust Group Inc. in Southfield, Michigan, are offering relief plans to business insurance customers in response to the COVID-19 pandemic. Grange Insurance has...
Nursing Home Insurance Market In Need of Care
May 4 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 20%, or 11,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according to a...
Extra Care: Brokers, Carriers Trying to Help
May 4 2020 // Nursing home insurance specialists say that they are doing whatever they can to help their insureds during this trying time, either by sending out information from the CDC, answering questions, aiding with documentation,...
Some Auto Insurer Premium Discounts Should Be Bigger, Consumer Groups Say
May 4 2020 // Two consumer groups said on April 23 that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to...
Florida Directs Workers’ Comp Insurers to Comply with COVID-19 Treatment Order
May 4 2020 // The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders...
Third Coast Underwriters to Offer Workers’ Comp Coverage in Florida, Wisconsin
May 1 2020 // Third Coast Underwriters (3CU), a national workers’ compensation insurance company, is expanding into Florida and Wisconsin. With the expansion, the company will offer its workers’ compensation coverage in 21...
Louisiana Workers’ Comp Insurer, Amerisafe, Reports Profitable Quarter
May 1 2020 // DeRidder, Louisiana-based workers’ compensation insurance company, Amerisafe Inc., has reported a first quarter profit of $10.8 million. The company posted revenue of $79.2 million in the period; adjusted revenue was...
Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
UK Regulator Wants Courts to Clarify Wording of Disputed Business Interruption Policies
May 1 2020 // Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the coronavirus pandemic. The Financial...
Penn. High Court Deals Potential Blow To Carriers’ Denial Of Business Income Claims
May 1 2020 // In a case where no insurance company or insurance claim was involved, the Pennsylvania Supreme Court issued a ruling that could potentially negate one of the insurance industry’s standard bases for denial of coverage...
CEO Musk Replaces Tesla’s D&O Policy with ‘Personal Coverage’
May 1 2020 // Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company’s directors and officers insurance (D&O), replacing it with a promise to personally provide...
