Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal
Feb 8 2023 // Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 billion. As part of the...
Samsung Chip Plant Sues Insurer Over $400 Million in Storm Damage Claims
Feb 8 2023 // A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed Monday against Factory...
Ruff Ruling for Nationwide: Ohio Court Says Insurer Must Cover Canine Bite
Feb 8 2023 // An Ohio Court of Appeals panel said that Nationwide must indemnify a canine owner whose bulldog bit a passer-by, ruling that a policy exclusion barring coverage for bodily injury for a dog with a prior history of attacking...
24 Models Sue 3 Insurers to Collect on $2M Deals With Strip Clubs Over Use of Photos
Feb 7 2023 // A group of 24 models is suing three insurers to collect more than $2 million in settlements stemming from the unauthorized use of their images by several strip clubs in the Northeast. The models, including Tara Leigh...
Louisiana Lawmakers Approve $45M in Funding to Draw Insurers to State
Feb 6 2023 // BATON ROUGE, La. (AP) – A $45 million funding bill to address soaring homeowner insurance rates in hurricane-battered Louisiana was overwhelmingly approved by Louisiana lawmakers Friday and sent to Gov. John Bel Edwards...
Florida Adjusters Say No Response From State Officials After They Alleged that Insurers Have Doctored Their Damage Reports
Feb 6 2023 // Almost two months after three independent adjusters told Florida lawmakers that insurance carriers have frequently doctored their damage assessment reports, the men said they’ve had no contact from state agencies...
Washington Insurance Commissioner Fines Producers, Insurers
Feb 3 2023 // Washington Insurance Commissioner Mike Kreidler issued fines in January totaling $11,000 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations. Following are the...
Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach
Feb 3 2023 // A technology and cybersecurity services firm and its insurer have settled a business interruption claim linked to a data breach one month after a federal judge denied the insurer’s bid to have the claim...
General Motors Files to Trademark ‘GM Financial Insurance Company’ Name
Feb 2 2023 // General Motors has filed to trademark “GM Financial Insurance Company,” according to a record found with the U.S. Patent and Trademark Office. The filing was made on Jan. 24, 2022. GM Financial is the auto...
Carolina’s Curi Merges with Constellation Medical Liability Insurer Group
Feb 2 2023 // Curi Holdings, a Raleigh-headquartered medical liability insurance company, plans to merge with Minnesota-based Constellation Inc., creating a company with more than $2 billion in assets, the companies said in a press...
Kansas High Court Reverses $3.4M Bad Faith Judgment Against Insurer
Feb 1 2023 // An insurer’s duty to act in good faith and with reasonable care does not necessarily include a requirement to begin settlement negotiations before a claim is filed, the Kansas Supreme Court ruled. The high court...
MPL Insurers Curi and Constellation Agree to Merge
Feb 1 2023 // Curi Holdings, Inc. and Constellation, Inc., two of the nation’s leading providers of medical professional liability (MPL) insurance, have signed an agreement to merge. Curi CEO Jason Sandner will remain CEO of Curi...
People Moves: Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe; AXA XL Appoints Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s
Feb 1 2023 // Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe The Supervisory Boards of Tryg A/S and Tryg Forsikring A/S announced that Group Chief Executive Officer (CEO) Morten Hübbe has decided to step down. Hübbe (51)...
Insurers Leery of Hyundais and Kias Famous on Social Media for Being Easy to Steal
Feb 1 2023 // Social media influencers and an insurance industry think tank are giving Hyundai and Kia vehicles the worst kind of publicity: Many of the cars the company sold are easy to steal. In the past week, newspapers and...
Florida Approves New WC Rule: Carriers Must Verify Subcontractor Employees
Feb 1 2023 // The National Council on Compensation Insurance has laid down the law, requiring Florida workers’ compensation insurers to verify employees before arbitrarily charging premium for subcontractors’ exempt...
Connecticut Supreme Court Upholds Insurers in Two Covid-19 Business Loss Appeals
Jan 31 2023 // The Connecticut Supreme Court has upheld insurers in two cases where claims for business interruption losses blamed on Covid-19 were denied because there was no direct physical damage. One case involved healthcare...
Coalition Launches Full-Stack Cyber Insurer for SMBs
Jan 31 2023 // Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition called the “the first full-stack, active cyber insurance carrier,”...
Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand
Jan 30 2023 // Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city,...
British Motor Insurer Direct Line’s CEO James Steps Down
Jan 27 2023 // Direct Line Insurance Group’s chief executive of nearly four years, Penny James, will step down with immediate effect after the British motor and home insurer faced “significant headwinds” in recent...
Tesla, Insurers Address Expensive Repairs in Sharply Different Ways
Jan 27 2023 // Tesla Inc.’s electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon Musk says Tesla is making design and...
