Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Restaurateur Sues The Hartford, Seeking Coverage for Coronavirus Business Interruption
Mar 27 2020 // A well-known California restaurateur has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s commercial insurance policy covers losses caused by a statewide business shutdown...
Aetna Waiving Patient Co-Pays for Coronavirus Hospital Stays
Mar 27 2020 // One of the nation’s biggest health insurers is waiving patient payments for hospital stays tied to the coronavirus. CVS Health’s insurer Aetna said Wednesday that many of its customers will not have to make...
Florida Insurers Omega, Tower Hill Select to Merge into Tower Hill Signature
Mar 27 2020 // A proposed merger of Florida-based insurers Omega Insurance Co. and Tower Hill Select into Tower Hill Signature Insurance Co. has been approved by Florida regulators. The Florida Office of Insurance Regulation approved the...
Insurer Ageas Uses AI to Create End-to-End Car Damage Assessments in UK
Mar 26 2020 // Ageas is using artificial intelligence (AI) to create end-to-end assessments and estimates of vehicle damage, which it says is a first for a UK insurance company. Ageas is using an AI solution, developed by technology...
How Policy Silence on Pandemics May Bedevil Insurers on Coronavirus Claims
Mar 26 2020 // Silence may be deadly for property/casualty insurers writing commercial insurance, an executive of an insurtech that specializes in analyzing insurance policy language suggested recently, explaining that without specific...
North Carolina Urges Insurers To Be ‘Flexible,’ Available During COVID-19 Emergency
Mar 25 2020 // North Carolina Insurance Commissioner Mike Causey has asked the state’s insurance companies to be economically flexible with consumers in light of the COVID-19 health emergency. “Some of the mitigating efforts...
AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business
Mar 25 2020 // Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak still could be significant,...
How East Insurance Regulators Are Responding to the Coronavirus Pandemic
Mar 25 2020 // As insurers continue to monitor the spread and impact of COVID-19, insurance regulators across the East region of the U.S. are issuing guidance on how the industry can respond. “There is almost no aspect of the...
Olympics’ Postponement Likely to Cost Insurers Much Less than Cancellation
Mar 25 2020 // Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a postponement, industry sources...
What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus
Mar 25 2020 // As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to coordinate their requests for data and ease up on some requirements. David A....
Coronavirus and the Auto Exposure
Mar 24 2020 // Over the last several days the VU has fielded several auto insurance related questions. These questions cannot be classed simply as personal auto or business auto questions because the most common question involves both...
Wisconsin Commissioner: Insurers Must Offer Free Coverage for Restaurant Deliveries
Mar 24 2020 // Wisconsin’s insurance commissioner has directed insurers to provide insurance coverage for delivery drivers for restaurants during COVID-19 Public Health Emergency, even if those drivers/restaurants previously did...
Liability Insurers Report Rise in Claims Against Architects and Engineers
Mar 24 2020 // Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & Gough said in a...
UK Travel Insurers Expect to Pay Record Coronavirus Claims of US$319M
Mar 24 2020 // UK travel insurers expect to pay record claims of at least £275 million (US$319 million) due to the coronavirus pandemic, according to first estimates from the Association of British Insurers (ABI). The vast majority of...
Consumer Groups Want Auto Premiums to Reflect Coronavirus Curb on Driving
Mar 24 2020 // The shutdown of workplaces and gathering spots around the country to slow the spread of coronavirus may lead to a sharp reduction in auto insurance claims. Two consumer groups want to make sure that insurance carriers...
Online Flood Insurer, Neptune, Offering Coverage in Arkansas, Illinois
Mar 23 2020 // Neptune Flood Inc., an all-digital, online flood insurance company, has opened for business in Arkansas and Illinois. Households in these states now have access to Neptune’s simple flood insurance solution. Neptune...
Howard to Serve as President of Southeastern Carrier Lighthouse
Mar 23 2020 // Lighthouse Property Insurance Corp. has hired David Howard as president, pending regulatory approvals. Howard will serve as president for Lighthouse and Lighthouse Excalibur Insurance Co., a wholly owned subsidiary. The...
French Insurers to Contribute $216M to Coronavirus Solidarity Fund for Businesses
Mar 23 2020 // French insurance lobby FFA said on Monday insurers would contribute up to 200 million euros ($216 million) to funds set up by the government to help companies deal with a significant drop in activity due to the coronavirus...
Texas Court Orders Auto Insurer Windhaven National into Liquidation
Mar 23 2020 // Private passenger auto insurer Windhaven National Insurance Co. (WNIC), a Texas-domiciled subsidiary of Florida-based Windhaven Insurance, has been ordered into liquidation at the request of the Texas Department of...
Lighthouse to Acquire Prepared Insurance of Florida
Mar 23 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
