Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Making Waves with Wider Use of IoT Leak, Temp Sensors
Jan 31 2022 // Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That’s...
Insurer Looks to Close Insurance Gap for Home-Based Businesses
Jan 28 2022 // It seems more and more budding entrepreneurs have followed the allure of starting a home-based business, so much so that it is estimated that half of the 30 million small businesses in the U.S. are home-based. AXIS...
Insurers Call California Climate Disclosure Bill ‘Potentially Dangerous’
Jan 27 2022 // An insurer group is unhappy with new legislation to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil fuel-related companies and projects...
Insurers Return Nearly $25 Million to Missouri Customers
Jan 27 2022 // The Missouri Department of Insurance announced that consumers received nearly $25 million from their insurance companies in 2021 thanks to the services provided by the department’s Consumer Affairs Division and...
UK Insurer First Central Weighs Sale That Could Value Business at £600M: Sources
Jan 27 2022 // British insurer First Central Group Ltd. is considering a sale that could value the business at about 600 million pounds ($800 million), people with knowledge of the matter said. First Central Group is working with...
How Insurers Can Build Operational Resilience With Low-Code Application Programs
Jan 27 2022 // The global pandemic has shown how vital it is for firms to understand the services they provide and to invest in their operational resilience. While COVID has accelerated the insurance industry’s digitalization,...
Tennessee Doc Pleads Guilty Then Sues Insurer After Clinic Burns Down
Jan 26 2022 // A Tennessee doctor who pleaded guilty to running a pill mill has now filed suit against his property insurance carrier for failing to pay after a suspicious fire destroyed his clinic. Dr. David Bruce Coffey of Oneida, in...
Weston Companies Merge to Form Cat-Focused P&C Insurer
Jan 26 2022 // Weston companies are one. Company officials recently announced that Florida-based Weston Insurance Co. and Weston Specialty Insurance Co. have merged to form Weston Property & Casualty Insurance Co. The new firm has...
World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It
Jan 26 2022 // If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives are...
California Bill Would Require Insurers to Disclose Fossil Fuel Dealings
Jan 25 2022 // California Assemblyman Marc Levine (D-Marin County) on Tuesday introduced a bill to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil...
Insurance Companies – Heels or Heroes?
Jan 24 2022 // The insurance industry is far from the economy’s most-admired sector. A Forbes survey found insurance ranking low in popularity in the public eye. Three main reasons are responsible for insurers’ relatively...
Louisiana Homeowners Insurer Americas Placed In Receivership
Jan 24 2022 // Louisiana Insurance Commissioner Jim Donelon has placed a homeowners insurance company in receivership after the insurer suffered losses from the combination of Hurricanes Laura, Delta and Zeta in 2020 and Hurricane Ida in...
West Virginia Aims To Launch Mutual Insurance Company for Mine Reclamation
Jan 24 2022 // The West Virginia Senate has passed a bill that would create a mutual insurance company dedicated to coal mine reclamation costs. Sen. Blair Senate Bill 1, backed by Senate President Craig Blair, would help the state avoid...
Insurance Companies Sue Texas Power Grid Operator
Jan 24 2022 // More than 100 insurance companies are suing the Texas power grid operator and several power-generating companies (PGCs) over losses suffered from 2021 Winter Storm Uri, which resulted in more than 500,000 insurance claims...
UK Hospitality Groups Are Back in Court With Insurers Over Lockdown Losses
Jan 21 2022 // Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs, restaurants and bakery chains over lockdown losses, starts hitting London’s...
Florida Senate Votes to Keep Insurers’ Fraud Reports Exempt from Open Records
Jan 21 2022 // The 2022 Florida Senate has passed its first bill that affects insurance companies, but the measure has little to do with losses, rates or litigation costs. On Wednesday, by a vote of 35-0, the chamber approved Senate Bill...
Net-Zero Insurers’ Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws
Jan 19 2022 // A group of the world’s biggest insurers and reinsurers jointly pledging to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their planet-friendly mission:...
Asian Insurer FWD Group Raises $200M in Pre-IPO Funding: Sources
Jan 19 2022 // Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as...
Health Insurers Cooperating With Plan to Pay for Home COVID Tests Starting Saturday
Jan 13 2022 // Starting Saturday, private health insurers will be required to cover up to eight home COVID-19 tests per month for people on their plans. The Biden administration announced the change Monday as it looks to lower costs and...
Two Wanted in Georgia After Creating Fake Insurance Company
Jan 13 2022 // Two women have been charged with insurance fraud in North Carolina after car crashes, and three men and a woman in Georgia are wanted for other types of fraud, including the creation of a fake insurance company. The...
