Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Canada Financial Watchdog Sets Rules for Insurers, Banks on Climate Risk Disclosure
Mar 8 2023 // Canada’s financial industry regulator published a set of guidelines for banks, insurance companies and other regulated firms to assess and disclose climate risks. Financial firms will need to release climate-related...
Connecting and Expanding the Carrier Ecosystem
Mar 8 2023 // This post is part of a series sponsored by CoreLogic. The increased frequency of severe storms and climate change-fueled catastrophes is driving the need for insurance carriers to prepare themselves to handle more and more...
Should a State Surcharge Insurers That Underwrite Fossil Fuel Risks?
Mar 7 2023 // Connecticut lawmakers are considering imposing a surcharge on insurers’ premiums from the fossil fuel industry. The proposal (SB-1115) calls for a tax of 5% of any premiums any insurer licensed in the state receives...
Louisiana Commissioner Giving Incentive to Insurers Taking UPC Policies
Mar 6 2023 // Louisiana Commissioner Jim Donelon is notifying property/casualty insurers that they will receive credit toward the Insure Louisiana Incentive Program’s grant requirements for assuming United Property & Casualty...
Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills
Mar 6 2023 // A Texas lawmaker is seeking to broaden the fight against ESG (environmental social governance) policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder...
P/C Carriers Losing Ground to MGAs in Talent War
Mar 6 2023 // During a webinar about an insurance industry labor market survey last month, an industry recruiter said that insurance carriers are losing ground to managing general agents in the war for talent. “On the property and...
Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments
Mar 6 2023 // Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against the insurer, alleging Trumbull has been incorrectly calculating some property claim...
Used-Vehicle Prices May Be Cresting but Insurers Still Underwater
Mar 6 2023 // It was the best of times, it was the worst of times” would be an apt description of the last few years for auto insurers. Immediately after a nationwide, months-long driving hiatus caused collisions to plummet and...
Insurers View New Car Sales Rise in California as More Evidence for Rate Filings
Mar 6 2023 // New figures show car sales in California continue to slowly return to pre-pandemic levels, which the state’s auto insurers believe is another indication the state’s insurance regulator needs to approve more...
How Insurers Can Help Small Businesses Grow and Prosper
Mar 6 2023 // The past three years taught business owners resilience and adaptability. This is especially true for small businesses faced with the unique challenges of the pandemic, inflation, and the Great Resignation. But the pandemic...
Florida Tort Reform Bill Goes Big, Checks Most Remaining Boxes for Insurers Hoping to Stem Litigation
Mar 6 2023 // Outside of insurance attorneys, plaintiffs’ lawyers and some doctors, few people in Florida may be familiar with what are known as letters of protection. But critics say the instruments, in which doctors agree to...
Florida’s Reform Bill Means New Deadlines for Insurers, Insureds, Starting This Week
Mar 3 2023 // Senate Bill 2A, enacted into law in December, gave Florida property insurers some major relief on litigation costs. But it also required a number of consumer-friendly actions from carriers and sets new timetables on...
PLUS Panelists Warn Insurers Not to Get Comfortable Riding the Cyber Rollercoaster
Mar 3 2023 // Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of turbulence with the advent of more sophisticated...
Architects & Engineers Insurers Seek More Rate Increases: Ames & Gough
Mar 1 2023 // According to a new survey from specialty broker Ames & Gough, insurers of professional liability for architects and engineers are planning additional rate increases to keep pace with rising claims costs, a backlog of...
Experts Urge Empathy, Thoughtfulness for Insurers in Challenging Cyber Landscape
Mar 1 2023 // Powered by InsuranceJournal.tv While the continuously evolving cyber threat landscape is a growing problem for insurers, experts on this episode of The Insuring Cyber Podcast say it’s not an insurmountable one, and...
Specialty Re/Insurer Canopius Expands in APAC, With Launch of Melbourne Office
Mar 1 2023 // Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with...
Insurers to Pay Bangladesh Shipping Corp. $22.48M for Vessel Hit by Missile in Ukraine
Mar 1 2023 // Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a missile during fighting in Ukraine, two officials involved said on Tuesday. The expected settlement is...
Florida’s SB 2A Ended One-Way Legal Fees. Now Some Insurers Say it’s Retroactive
Mar 1 2023 // Plaintiffs’ attorneys took it on the chin when Florida lawmakers in December approved Senate Bill 2A, which ended the practice of one-way attorney fees in property insurance litigation. Now, though, a number of...
People Moves: Travis joins Brotherhood Mutual Insurance Company as Senior Vice President
Feb 28 2023 // Travis joins Brotherhood Mutual Insurance Company as Senior Vice President Brotherhood Mutual Insurance Company, based in Fort Wayne, Indiana, has named Abel Travis its new senior vice president, affiliate...
Georgia Bill Would End Direct Action Suits Against Insurers in Truck Accidents
Feb 28 2023 // Truck insurers would be able to avoid being named as defendants in lawsuits filed after trucking accidents under a bill moving through the Georgia General Assembly. Senate Bill 191, reported favorably last week by the...
