Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Feb 28 2023 // This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal, which cover the insurance industry’s startups and innovators. Trium Cyber is the...
How Agentsync Helps Insurance Producers and Adjusters Manage Carrier Requirements for Paper Licensing
Feb 27 2023 // This post is part of a series sponsored by AgentSync. While modern insurance infrastructure allows insurance carriers to access to-the-day reporting for insurance producers’ and adjusters’ licenses, many still...
Lindberg Indicted on New Federal Charges of Skimming From His Insurance Companies
Feb 27 2023 // North Carolina business and insurance magnate Greg Lindberg has been indicted again on federal criminal charges, this time on accusations that he conspired to skim large amounts of money from his insurance companies, then...
Insurers Face $500M in Claims for Ships Stuck in Ukraine – a Year After Start of War
Feb 24 2023 // Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a year after the start of the war with Russia, industry sources said. When the conflict started, more than 90...
Florida’s Notice-of-Intent Trips Up Medicare Recovery Firm in Suits Versus Insurers
Feb 24 2023 // A law firm that has made a multibillion-dollar business out of suing auto and liability insurers for Medicare reimbursement payments may have met its match in Florida’s notice-of-intent-to-sue requirements. A panel...
Insurers’ Digital Claims Tools Failing Customers: J.D. Power
Feb 23 2023 // Calling the trend “worrying,” J.D. Power’s new property claims satisfaction report indicated that insurers’ digital tools to speed the claims process are not pleasing homeowners insurance customers,...
FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO
Feb 20 2023 // FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a majority stake in Gibraltar BSN Life Bhd., a move that allows it to tap into the Southeast Asian...
Nevada Supreme Court Upholds Temporary Ban on Insurers Using Credit Scores
Feb 17 2023 // The Nevada Supreme Court upheld the Nevada Division of Insurance’s temporary ban on using credit information to help set insurance rates. The division in 2020 imposed the temporary ban, concluding that the pandemic...
Excess Insurer Pays Before Municipal Pool in Boy’s Beach Death, New Jersey High Court Rules
Feb 17 2023 // AmeriTrust subsidiary Star Insurance Co. must pay the $9 million balance of a $10 million settlement in the death of a 12-year old boy who died after a trench he dug on a Long Branch, New Jersey beach collapsed on...
Insurer Can’t Object to Asbestos Makers’ Bankruptcy, Despite Fraud Concerns
Feb 17 2023 // A liability insurer has no standing to object to its insured’s bankruptcy plan, even if the carrier feels that the plan unfairly exposes it to potentially fraudulent claims, a federal appeals court decided this week...
Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data
Feb 17 2023 // A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the...
Insurers See California EV Sales Trends Driving Rate Filing Approval Urgency
Feb 16 2023 // Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with...
Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments
Feb 16 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...
Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co.
Feb 16 2023 // Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month. The number of people...
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates
Feb 14 2023 // Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely be more than US$1 billion, according to Extreme Event Solutions at Verisk (formerly AIR...
Viewpoint: Used-Vehicle Prices May Be Cresting but Insurers Still Underwater
Feb 13 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...
Louisiana Opens Insurer Application Period for Incentive Program
Feb 10 2023 // Louisiana Insurance Commissioner Jim Donelon announced that the 30-day application period for insurance companies to apply for Insure Louisiana Incentive Program funding is now open. Insurance companies that are interested...
Insurers’ Files, Adjuster Notes Not Always Discoverable, Says Florida Appeals Court
Feb 10 2023 // Insurance companies in Florida may have to disclose their financial relationships with expert witnesses, but they don’t have to turn over their entire claims files and field adjusters’ notes, at least in some...
Insurers View New Car Sales Rise in California as More Evidence for Rate Filings
Feb 9 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...
‘Citizens’ Web Site Not Affiliated with Florida Insurer, Takes Users to Auto Quote Site
Feb 8 2023 // Investigators with Citizens Property Insurance Corp. are looking into a website that looks a lot like Florida’s largest property insurance carrier but may actually be fraudulent. “These sites typically ask for...
