Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
The 2023 Hurricane Season: Are Insurers Prepared for the Growing Risks?
Jun 2 2023 // This post is part of a series sponsored by CoreLogic. As the 2023 Hurricane Season approaches, it is crucial for coastal and inland communities alike to understand and prepare for the potential risks associated with...
ANALYSIS – Breakup of Insurers’ Climate Coalition Driven by U.S. Regulation Fears
Jun 2 2023 // The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry...
Florida Governor Signs Insurer Accountability, Wind-Mit Discount Bills Into Law
Jun 1 2023 // Florida’s governor this week signed the Insurer Accountability Act and two other bills that put new restrictions on insurers and require premium discounts for homeowners’ wind-mitigation efforts. Senate Bill...
Cyber Insurance: A Growth Market for Insurers With Some Caveats
May 31 2023 // As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today’s DBRS Morningstar’s commentary on the...
Update: List of Insurers Exiting Climate Group Grows, Including Lloyd’s, Tokio Marine
May 30 2023 // The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party. The latest round of...
Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil
May 26 2023 // Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime...
Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers
May 26 2023 // “Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group...
UPDATE: ESG-Bashing Triggers More Defections From Insurer Climate Group
May 25 2023 // The world’s biggest climate alliance for insurers has started hemorrhaging members, after Republican attorneys general accused the group of antitrust violations. On Thursday, French insurers AXA SA and SCOR SE, as...
Insurer Aviva Says UK Demand for Private Health Jumped Amid NHS Strikes
May 25 2023 // UK insurer Aviva Plc said demand for private health care continued to surge as more individuals and companies look for alternatives to the National Health Service. Private health insurance sales grew 25% in the first...
With Digital Channels Insurers Impress Shoppers but Not Existing Customers
May 25 2023 // Though insurers do a good job attracting new customers shopping for policies via their digital channels, they fall short when it comes to servicing existing customers, a new industry report shows. Overall satisfaction with...
EU Sets Out Plans to Cut Price of Financial Products Offered by Banks, Insurers
May 24 2023 // The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial products to encourage investment and make its capital market deeper and more efficient. The retail...
Anti-ESG Rhetoric in U.S. Prompts Urgent Talks as Insurers Quit Climate Coalition
May 24 2023 // The world’s biggest climate coalition for insurers is set to hold emergency talks after a wave of defections revealed the extent to which anti-ESG rhetoric in the US is unsettling members. Signatories of the Net Zero...
UN Says U.S. Concerns Have Led to Insurers Quitting Climate Alliance
May 24 2023 // The United Nations Environment Programme on Wednesday said “recent discussions within the United States” had been behind four insurance firms quitting a UN-convened alliance aimed at reducing carbon emissions...
New England Health Insurer Still Dealing With Ransomware Attack
May 24 2023 // Point32Health, the parent company of Tufts Health Plan and Harvard Pilgrim Health Care, is still dealing with a ransomware attack it first reported on April 17. The company has now disclosed that patient information has...
Time Lag Does Not End Insurer’s Duty to Defend, Court Rules
May 24 2023 // A federal court in New York has reiterated that a time lag between the date a trip-and-fall accident occurred and when the conduct alleged to have caused it took place does not itself relieve an insurer of its duty to...
Update: Activist Investor Cevian Sells Entire Stake in UK Insurer Aviva
May 24 2023 // Activist investor Cevian Capital has sold down its entire stake in British insurer Aviva, ending its campaign to drive up investor payouts at the FSTE 100 company. Cevian said in a statement that Amanda Blanc and her...
How Much Should Insurers Trust AI Chatbots?
May 24 2023 // Powered by InsuranceJournal.tv Whether it’s underwriting, claims or customer service, it seems that artificial intelligence is top of mind for the insurance industry right now. William Bennett, partner at law firm...
Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding
May 23 2023 // Elon Musk’s SpaceX and Unipol Gruppo agreed to join forces to help people hit by flooding in northern Italy connect to the Internet, facilitating rescue operations, the Italian insurer said on Saturday. Torrential...
Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore
May 23 2023 // Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models...
Swiss Re Becomes Fourth Insurer to Leave Net Zero Group
May 23 2023 // Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry’s biggest companies. The world’s second-largest reinsurer is now...
