Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Markets/Coverages: Openly’s New Homeowners Carrier; Neptune Flood, SIAA Partnership; MiKargo247 Launches for Per-Load Freight
Jul 26 2022 // Openly Starts Openly Insurance Company, a Licensed Homeowners Insurance Carrier Openly announced the launch of the Openly Insurance Company, a homeowners insurance carrier licensed in 17 states. Openly had formerly...
Japanese Insurers Sell Heatstroke Coverage as Temperatures Soar to Record Levels
Jul 26 2022 // As temperatures soar to unprecedented levels from Europe to Asia this summer, some Japanese insurance companies have begun selling policies to protect people struck down by the heatwave. Sompo Holdings Inc. and Sumitomo...
Court Agrees With Insurer: Amazon Can Be Sued Under New Jersey Product Liability Law
Jul 26 2022 // Online marketplace Amazon can be sued under New Jersey product liability law for defective products sold by third-party sellers on its website. The federal district court in New Jersey sided with the New Jersey...
Insurers Weigh Covering Ukraine Grain Shipments After Deal to Re-open Black Sea Ports
Jul 25 2022 // A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached to re-open Black Sea ports, although the first shipments are expected to be weeks away,...
Former Students Sue Insurers over Alleged Abuse at Georgia Boarding School
Jul 25 2022 // Twenty men who said they were sexually abused at a prestigious boarding school in Georgia are now suing the school’s insurance companies for $345 million. The insurers argue that their policies did not cover the...
Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List
Jul 21 2022 // In 2021, Florida’s domestic property insurers spent more than $3 billion on legal defense costs and containment – double the figure reported in 2016. That’s one jaw-dropping but not surprising takeaway from...
NHL Stymied by Judge in Its Pursuit of Billions From Insurer for COVID Damages
Jul 21 2022 // The National Hockey League can pursue a lawsuit against its insurance provider over losses stemming from the COVID pandemic — but not for the billions of the dollars in damages the league’s 19 clubs...
Insurers Want Safety Assurances Before Covering Ships Sailing in Ukraine Grain Corridor
Jul 20 2022 // Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters...
MSP Recovery Scores Another Appeals Court Victory Against Auto Insurers
Jul 20 2022 // A Florida law firm that has made a lucrative business out of the Medicare Secondary Payer Act – and disrupted the auto insurance industry in the process – has scored another victory at the federal appeals court...
Inside Out: How Exit Crime, Insider Threats Are Creating Challenges for Insurers
Jul 20 2022 // Powered by InsuranceJournal.tv There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little...
New Jersey High Court: Default Claims Against Insurer Subject to Arbitration
Jul 19 2022 // A claimant seeking to recover directly from an insurer on default judgments for claims against the insurer’s policyholder, must abide by the insurer’s policy terms that mandate arbitration, the New Jersey...
UK Regulator Pushes Insurers to Cut Premiums for Fire-Risk Apartments
Jul 19 2022 // Thousands of people living in high-rise apartments in Britain are set to get better deals on their property insurance following years of spiraling costs in the wake of the Grenfell Tower tragedy. The Financial Conduct...
ANZ Agrees to Buy Australian Insurer Suncorp’s Bank Operations for $3.3 Billion
Jul 18 2022 // Australia & New Zealand Banking Group Ltd. agreed to buy Suncorp Group Ltd.’s banking operations for A$4.9 billion ($3.3 billion) as it seeks to gain an edge over larger rivals by expanding in the country’s...
Malaysian Central Bank Sets 2023 Cutoff for Foreign Insurer Stake Sales: Sources
Jul 18 2022 // Malaysia’s central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures or contribute to a charitable fund, people with knowledge of the matter said, more than a...
Insurance Company Surplus — A Tiny Primer
Jul 18 2022 // I find that almost all agents and a high proportion of insurance carrier employees possess inadequate knowledge of insurance carrier surplus. Also, many think the knowledge they possess is accurate, however, in my...
Green Building Investments Reach New Heights But Can Carrier Capacity Keep Up?
Jul 18 2022 // Increased interest in creating more energy efficient, resilient buildings is expected to fuel growth in the green construction industry, particularly as the government looks to spur investment in these projects through new...
California Insurer’s Efforts to Keep Workers and Help During Pandemic Led to Viable New Business
Jul 18 2022 // In the annals of how the pandemic changed things, toss in a positive tale from insurer CSAA Insurance Group. Walnut Creek, California-based CSAA, a AAA Insurer, offers automobile, homeowners and other personal lines of...
Despite Growing Pressures, Most Cyber Insurers Won’t Exit: Survey
Jul 15 2022 // The cyber insurance sector has been tested recently with growing ransomware attacks, rising premiums, and more sophisticated threat actors, but that isn’t necessarily scaring insurers away, according to a 2022 Cyber...
Nordic Insurer Finds Longer, More Expensive Trips More Popular Now Than Before COVID
Jul 14 2022 // Long-haul travel is back among Danes and even more popular than before the COVID-19 pandemic, as pent-up wanderlust increasingly drives them to venture outside Europe’s borders, Scandinavia’s largest insurer...
Louisiana Judge: State Can’t Order Insurers to Pay Ida Evacuation Expenses
Jul 13 2022 // A Louisiana judge ruled last week that the state’s insurance commissioner’s directive ordering insurers to pay policyholders’ Hurricane Ida evacuation expenses is invalid and unenforceable. Judge Patrick...
