Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Resolving Claim Disputes: Step 4 Plead Your Case
Dec 16 2019 // This concluding column of this series, Step 4 of the claim resolution process, addresses how you convince the insurer that a claim is covered, examining the balance between the role of policy language and the role of logic...
Shipping Industry and Insurers Face Uncertain New Fuel Risks and Rules
Dec 12 2019 // Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the...
Missouri Court: City’s Insurer Must Pay Millions to Man in Homicide Case
Dec 12 2019 // The Missouri Court of Appeals has ruled that insurance providers for the city of Columbia must pay $5.3 million to a man who spent nearly a decade in prison before his conviction for killing a Columbia sports editor was...
Report: Weinstein, Insurers, Accusers Have Reached Tentative $47 Million Settlement
Dec 12 2019 // Harvey Weinstein, the disgraced film mogul charged with rape, reached a tentative $47 million settlement with accusers, potentially putting an end to many of the civil complaints against him, according to a person with...
Moody’s Sees Low Interest Rates Hurting French P/C Insurers’ Profits in 2020
Dec 12 2019 // The 2020 outlook for the French insurance sector is negative, reflecting growing pressures on the property/casualty insurers’ profitability from low interest rates, Moody’s Investors Service said in a report....
China Moves to Secure Government Ownership Control of Insurers, Banks
Dec 11 2019 // China’s finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions that could lead to the government relinquishing control, in a bid to prevent the loss of...
Texas Windstorm Insurer to Assess Members $90M for Harvey, Defer Action on Rates
Dec 10 2019 // The Texas Windstorm Insurance Association board of directors voted today to assess member insurance companies $90 million based on losses from Hurricane Harvey and voted to defer further consideration of action regarding...
Chubb Becomes First P/C Insurer to Invest in African Trade Insurance Agency
Dec 10 2019 // Global insurer Chubb has made a $10 million equity investment the African Trade Insurance Agency (ATI), becoming the first global property/casualty insurance company to become a shareholder in the African multilateral...
Industry Representative Puts Fire Insurance Availability at Feet of Commissioner
Dec 6 2019 // California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop writing homeowners insurance in fire-prone areas, an industry representative said following new...
Swiss Re to Sell U.K. Insurer ReAssure to Phoenix Group for $4.3B in Cash, Shares
Dec 6 2019 // Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As part of the agreement, which values ReAssure at £3.25 billion ($4.3 billion), Swiss Re will receive a...
Auto Insurer, Noblr, Now Offering Policies in Ohio
Dec 6 2019 // Personal car insurance company, Noblr, is now offering coverage to Ohio drivers, the company announced. Noblr said it rewards customers’ good driving behaviors with real-time competitive rates. Noblr is built on a...
California Commissioner Calls for Statewide Non-Renewal Moratorium, More Measures to Protect Wildfire Victims
Dec 5 2019 // California Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies non-renewing policyholders, a move he says will help at least 800,000 homes in wildfire disaster...
Insurer Estimates $2.5 Trillion Price Tag for 10-Year Fight Against Climate Change
Dec 4 2019 // Fighting climate change will cost companies worldwide nearly $2.5 trillion over the next 10 years, according to an estimate by Allianz SE. The German insurer analyzed the most important measures currently enacted or under...
Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 4 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
Insurers Pay $4.1M in Claims During Recent Hurricane Michael Claims Villages
Dec 3 2019 // Claims villages hosted by the Florida Department of Financial Services since August 2019 have led to the resolution of $4.1 million in insurance claims for nearly 750 residents impacted by Hurricane Michael, according to a...
Generali’s Talks to Buy MetLife’s Europe Assets Stall over Price Differences: Sources
Dec 3 2019 // Italian insurer Assicurazioni Generali has held talks with U.S. rival MetLife Inc to buy the bulk of its European assets but discussions have stalled due to differences over price, four sources told Reuters. Generali,...
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question.
Dec 3 2019 // By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a handwritten sign on the door: The computers are down. It was worse than it seemed. Some employees who...
Reinsurers Pressure Life Insurers Over Vaping Health Risks
Dec 3 2019 // Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them...
Feds Sue Arkansas Insurer Over Fired Employee Who Had A Baby
Dec 2 2019 // The federal government is suing a Little Rock, Ark.-based insurance company over the firing of a worker who had just had a baby. The U.S. Equal Employment Opportunity Commission filed the lawsuit last week in Little Rock...
France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020
Dec 2 2019 // France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy de Galhau said on Friday. Investors are increasingly putting pressure on...
