Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Insurance Rescue Bills Move Closer to Becoming Law
Feb 17 2022 // Two bills that many in the insurance industry hope will solve some of Florida’s worsening property insurance problems moved a step closer to becoming law Wednesday when they passed a key Senate subcommittee. The...
Rating Upgrades Increase for U.S. P/C Insurers in 2021
Feb 16 2022 // Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results, said financial strength rating agency AM Best. In 2021 the...
After Months of Decline, Florida Claims Litigation Rose Sharply in January
Feb 16 2022 // Just when insurers saw signs that last year’s reform legislation may be having an impact on claims litigation, bad news appeared in the inbox Wednesday. CaseGlide, the maker of litigation management software, which...
Preventing Burnout at Your Insurance Agency, Carrier, or MGA/MGU
Feb 16 2022 // This post is part of a series sponsored by AgentSync. There’s no beating around the bush, the past two years have been rough to say the least. We are now almost 24 months into the pandemic and daily coronavirus cases...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021
Feb 15 2022 // An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a...
Insurer Beazley Partners With Insurtech Gaia to Offer Coverage for IVF Treatment
Feb 15 2022 // Lloyd’s insurer Beazley partners with insurtech Gaia to offer a new solution for individuals undertaking in vitro fertilization (IVF) treatment. The health-focused insurtech has been working with Beazley and Chaucer...
North Carolina High Court Ends ‘Absurd’ Windfall for Comp Insurers on Temp Workers
Feb 15 2022 // For years, workers’ compensation insurers in North Carolina have been able to enjoy a windfall in some cases that involved temporary workers or those who gigged for a number of employers. Insurers have often charged...
How Car, Home Inflation Is Driving Up Loss Costs for Insurers
Feb 15 2022 // The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced last week. Perhaps that should be no...
Judge Sets March Hearing on Boy Scouts Bankruptcy After Claimant Group Signs On
Feb 14 2022 // The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA’s reorganization plan should be confirmed after an agreement with the official committee...
UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments
Feb 14 2022 // Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding. The Series B...
India’s Life Insurance Corp. Files IPO Papers to Potentially Raise $8 Billion
Feb 14 2022 // State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest...
S&P Report Sheds Light on Florida Farm Bureau’s Losses
Feb 11 2022 // Recently posted data provides new insight on the dire financial situation for Florida Farm Bureau, one of four carriers that announced it would stop writing or non-renew thousands of homeowner policies in Florida this...
Hamilton Launches U.S. E&S Insurer, Names Rhoades CEO
Feb 11 2022 // Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer. Hamilton Select Insurance Inc. is domiciled in...
Higher Fees Don’t Disqualify a Comp Treating Physician, Florida Appeals Court Finds
Feb 11 2022 // A workers’ compensation judge may not disqualify a treating physician simply because the doctor’s prices exceed the Florida workers’ comp fee schedule, a state appeals court decided this week. “In...
UK Insurer Beazley Sees Opportunity (and Risk) in Cyber Market
Feb 10 2022 // UK insurer Beazley Plc returned to profit last year, helped by what it sees as “encouraging” trends in the cyber market. With ransomware attacks becoming more prevalent, the company sees still more opportunity...
Three Vie for Georgia Insurance Post: Trial Attorney, Insurance Agent, Former Cop
Feb 10 2022 // Although the election is still months away, the race for Georgia insurance commissioner already is a campaign of firsts — and some strong rhetoric aimed at insurance companies and regulators. Janice Laws Robinson, an...
Pan-Nordic Insurer Sampo Reports Stronger Than Expected Q4 Earnings
Feb 9 2022 // Finnish financial group Sampo reported stronger than expected fourth quarter earnings on Wednesday boosted by its core insurance operations, sending its share up more than 2%. The pan-Nordic insurer reported a pretax...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 8 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state – while also asking for a rate increase...
New Auto Insurer Sensa’s Device Analyzes Accident, Triggers Emergency Services
Feb 8 2022 // A new auto insurer is turning the tables on car manufacturers that offer insurance with their roadside and emergency services by including these accident services with its auto insurance policy. Austin, Texas-based Sensa...
