Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

Climate Activists’ Attacks on Paintings Add to Insurers’ Worries About Threats to Art

Nov 28 2022 // Climate activists’ attacks on some of the world’s most precious paintings have added to insurers’ worries about the threat to art from climate change itself, concerns seen as leading to higher art...

NAIC Adds ‘Deep Concerns’ to FIO Bid to Collect Climate Change Data From Insurers

Nov 23 2022 // In a letter to the Treasury’s Federal Insurance Office, the National Association of Insurance Commissioners expressed its “deep concern” over a proposal to collect data on climate-related risks from...

Lindberg’s Investment Firm Objects to Liquidation of His Former Insurance Companies

Nov 23 2022 // An investment group founded by embattled insurance executive Greg Lindberg has filed an objection to North Carolina regulators’ plan to liquidate two of Lindberg’s insurance companies, arguing that the...

Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions?

Nov 23 2022 // Powered by InsuranceJournal.tv With recent news of multinational food and beverage company Mondelez International settling its lawsuit against its insurer Zurich American Insurance Company over the company’s NotPetya...

Dept. of Transportation Declares Texas Motor Carriers to be Imminent Hazard to Public Safety

Nov 22 2022 // The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has declared Texas Interstate Express and PAC Express LLC related motor carriers located in the Houston area, to be an...

FHA Opens Special Flood Areas to Private Insurers

Nov 22 2022 // The Federal Housing Administration (FHA) has announced regulations to allow mortgagors the option to purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas. Beginning...

Insurers Told Expunged Crimes Off-Limits as New York Licenses First Cannabis Shops

Nov 22 2022 // New York has approved its first 36 retail marijuana dispensary licenses, awarding them to 28 applicants with prior cannabis convictions and eight nonprofits that serve those formerly incarcerated. New York officials wanted...

Aircraft Lessors Sue Insurers for $6.5 Billion Over Planes Trapped in Russia

Nov 22 2022 // Aircraft leasing firms are suing dozens of insurers for around $6.5 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s invasion of Ukraine. More than 400 leased...

West Virginia High Court Issues Slew of Rulings – Some For, Some Against Insurers

Nov 22 2022 // The West Virginia Supreme Court has handed down four decisions that could affect insurers’ payouts in auto, homeowners and worker injury claims. Non-employee Covered In Ball vs. United Financial Casualty Co., the...

Insurers Say ‘Bazooka’ of Bogus Boys Scouts Claims Is Abuse of Bankruptcy System

Nov 21 2022 // A group of insurers — including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International, and Travelers — are challenging an approval of the Boy Scouts of America’s $2.46 billion bankruptcy...

ESG Will Increasingly Influence Insurers’ Strategies: Fitch Ratings

Nov 21 2022 // Environmental, social and governance issues will grow in their influence in insurance industry decision-making as they become more important to stakeholders, according to a report from Fitch Ratings. For most insurance...

UK Government Pushes Forward With Long-Awaited Insurer Reforms

Nov 18 2022 // After years of fraught debate between regulators, insurers and the Treasury, Jeremy Hunt confirmed Thursday that the government would push forward with reforms to a corner of the City of London that’s intended to...

Could Blockchain Make Data Integration a Reality for Insurers?

Nov 17 2022 // When most of us hear the word “blockchain,” we think about cryptocurrencies like Bitcoin. But could blockchain technology be used to enhance insurance processes? Tram Vo, CEO and founder of Mobility Open...

Insurer FM Global Upheld in Firing of Longtime Executive Who Claimed Age Bias, Retaliation

Nov 17 2022 // Rhode Island-based Factory Mutual Insurance Co. properly handled the firing of a long-time employee who claimed his axing in 2018 was due to age discrimination and retaliation for his complaints about the company taking no...

UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules

Nov 17 2022 // The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to “unshackle” the City of London after leaving the European...

Aircraft Lessor BOC Aviation Sues 16 Insurers Over Claims for Jets Stuck in Russia

Nov 14 2022 // BOC Aviation Ltd. has begun legal action in pursuit of claims against 16 insurers over aircraft the lessor owns that are stuck in Russia, an Irish High Court filing shows. The insurers named in the proceedings, which the...

UPDATED: All the Latest Insurance Company Hurricane Ian Estimates Plus NFIP

Nov 14 2022 // With third-quarter earnings reports for publicly traded companies slowing down to a trickle, and FEMA publishing an estimate of NFIP last Friday, Carrier Management has updated a company-by-company list of Hurricane Ian...

Abortions, Drug Use Exposed in Cyber Attack on Australian Health Insurer Medibank

Nov 14 2022 // When the Australian health insurer Medibank Private Ltd. was hit with a ransomware attack last month, it provided regular updates to its customers, including the revelation that personal information from nearly 10 million...

Reuters: Russian Oil Cap Spurs Insurer Fears of Oil-Laden Ships Being Left at Sea

Nov 11 2022 // Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters. The...

Insurers Say ‘Bazooka’ of Bogus Boy Scouts Claims is Abuse of Bankruptcy System

Nov 10 2022 // A group of insurers – including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International, and Travelers – are challenging an approval of the Boy Scouts of America’s $2.46 billion bankruptcy...