Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Trean Insurance Group Launches Arkansas E&S Carrier, Benchmark
Dec 29 2021 // Benchmark Insurance Company, subsidiary of Trean Insurance Group Inc. and a writer of program business, has formed a new excess and surplus lines subsidiary, Benchmark Specialty Insurance Company, an Arkansas domestic...
SiriusPoint Invests in Canadian Digital Life Insurer PolicyMe
Dec 29 2021 // SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, has announced a strategic investment in PolicyMe Corp., a digital life insurance provider specializing in Canadian individual term life...
Aon Offers Last Mile Delivery Insurance Program in Partnership With CarrierHQ
Dec 28 2021 // Global insurance broker Aon and CarrierHQ, an Indianapolis-based portal for transportation fleets that offers insurance programs and other services, have launched Last Mile Delivery insurance program. The program provides...
Despite Slow Going, P/C Insurers Still Love Advanced Analytics. Except Maybe Telematics.
Dec 28 2021 // Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, implementation progress has been...
Nebraska Food Company, Insurer Sue for $423K over Spoiled Bacon Shipment
Dec 28 2021 // A Nebraska food company and its insurer want a warehouse company to pay them more then $400,000 because a shipment of bacon was destroyed inside one of its warehouses in Lincoln last year. Omaha food manufacturer Westin...
Italian Judge Drops Case Against Unipol CEO Over Merger With Insurer Fondiaria
Dec 27 2021 // An Italian judge on Thursday dropped a case against the CEO of Unipol and six other people related to the 2013 merger between Italy’s second-largest insurer and smaller rival Fondiaria-SAI, a judicial document seen...
Insurers Sanlam and Allianz Explore Options for Their African Businesses
Dec 22 2021 // JOHANNESBURG – African insurer Sanlam Ltd. said on Wednesday it was exploring “strategic alternatives” with Germany’s Allianz SE for their respective African businesses, excluding Sanlam’s home...
Title Insurer Stewart Acquires Midwest, Florida Title Firms
Dec 21 2021 // Stewart Information Services Corp. reported it has acquired firms in the Midwest and Florida as it continues to gain scale. Stewart has acquired Greater Illinois Title Co., which is headquartered in Chicago, and operates...
Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
Dec 21 2021 // Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and...
Insurer Can Keep Using its Own Repair Contractor, Florida Appeals Court Finds
Dec 21 2021 // For the fourth time this year, a Florida appeals court has decided in favor of People’s Trust Insurance Co., requiring homeowners to let the carrier’s chosen contractor make the needed repairs. Josh...
California DOI: Insurers Non-Renewed Fewer Homeowners in 2020, FAIR Plan Policies Increased
Dec 20 2021 // The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory moratoriums by Insurance Commissioner Ricardo Lara made up more than 80% of the...
Insurer Storebrand to Buy Norwegian Pensions Unit From Danske Bank for $221M
Dec 20 2021 // OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the companies said on Monday. Norway’s Storebrand will pay 2.01 billion Norwegian crowns...
Louisiana Insurers Face $100 Million Fee after Ida-Related Insolvencies
Dec 20 2021 // Louisiana property and casualty insurers will be assessed $100 million to cover the cost of two regional insurance companies facing insolvency due to losses from Hurricane Ida. The Louisiana Insurance Guaranty Association...
Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty
Dec 20 2021 // Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery...
Louisiana Private Insurer to Acquire Policies from Insolvent Insurance Companies
Dec 15 2021 // An unnamed Louisiana private insurer will assume to acquire all policies from two insolvent homeowners insurance companies that were placed into receivership in November by the Louisiana Department of Insurance. Louisiana...
Insurers Begin Work in Areas Hard-Hit By Weekend Tornadoes
Dec 15 2021 // Insurance claims and loss estimates are beginning to come in from the group of deadly and damaging tornadoes that moved through the central and southern U.S. last weekend. The Federal Emergency Management Agency confirmed...
Leading Marine Re/Insurers Join Push to Decarbonize Global Shipping
Dec 15 2021 // Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the sector to go fully...
A.M. Best Affirms Ratings for The Concord Group Insurance Companies
Dec 14 2021 // A.M. Best has affirmed the financial strength rating (FSR) of A+ (superior) and the long-term issuer credit ratings (long-term ICR) of “aa-” for the members of The Concord Group Insurance Companies. The rating...
Extreme Weather in 2021 Brings Above-Average Claims to Global Insurers: Swiss Re
Dec 14 2021 // Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in estimated annual insured losses from natural catastrophes of US$105 billion, the...
AM Best Sees Tornado Losses as Manageable for Insurers
Dec 14 2021 // Analysts at ratings firm AM Best said they expect the insured losses from the tornadoes that devastated central and southern U.S. last weekend will dampen underwriting results for insurers but that insurers will be able to...
