Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount
Nov 19 2021 // LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased...
Louisiana Woman Pleads Guilty to Conspiring to Defraud Insurance Companies
Nov 18 2021 // United States Attorney Duane A. Evans announced today that a New Orleans, Louisiana woman entered a plea of guilty today to Conspiracy to Commit Mail Fraud, in violation of Title 18, United States Code, Section 371,...
Insurer Sues Florida Mom of Boys Killed by Husband
Nov 18 2021 // An insurance company is suing the mother of two boys killed by her estranged husband over a $4 million life insurance payout, claiming she may not have been legally entitled to receive the funds. Meanwhile, she is trying...
P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021
Nov 18 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year. A total...
P/C Insurers’ Increased Reliance on Reinsurance Portends Premium Hikes
Nov 18 2021 // American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price...
Allianz Becomes First Wholly Foreign-Owned Life Insurer in China
Nov 17 2021 // Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the first wholly foreign-owned life insurer in China created from a joint venture. Many...
Austin-Based Landlord Insurer Steadily Raises $31 Million
Nov 17 2021 // Austin-based landlord insurance company Steadily has completed its latest investment round, bringing its total funding to $31 million. Steadily serves 17 million individual rental property owners who collectively own...
AgentSync Launches AutoPilot, Pairing Leading Technology with Always-on Partners to Unlock Growth for Carriers & Agencies
Nov 16 2021 // AutoPilot revolutionizes insurance licensing services by pairing modern technology, deep expertise, and high-touch service, powering growth for agencies and carriers DENVER, CO – November 16, 2021 – AgentSync, the...
New History Project Documents New Orleans Mid-Century Black Insurance Companies
Nov 16 2021 // New Orleans resident Raynard Sanders can detail the many ways Black businesses and culture thrived under the canopy of oak trees along Claiborne Avenue: the Black insurance companies, the corner lot home to the Black...
New York Issues Final Guidance to Insurers on Managing Risks of Climate Change
Nov 15 2021 // The New York State Department of Financial Services (DFS) has issued final guidance to New York-regulated domestic insurers regarding their management of the financial risks from climate change. After issuing a proposed...
Commercial Auto Insurers Improved Results in 2020: AM Best
Nov 15 2021 // The U.S. commercial auto insurance market turned in results for 2020 that were the best it has seen in several years, although it still did not achieve an underwriting profit. Despite several years of price increases and...
Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock
Nov 15 2021 // GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds,...
Louisiana Seeks Takeover of Pair of Regional Insurance Companies Facing Insolvency
Nov 15 2021 // The Louisiana insurance commissioner is seeking a government takeover of Access Home Insurance Co. and State National Fire Insurance Co., two regional insurance companies that are facing insolvency due to losses from...
Commercial Liability Insurers Face Rise in False Claims Act Cases
Nov 15 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney...
Protecting your marine clients with the right carrier partnerships
Nov 12 2021 // This post is part of a series sponsored by The Hanover Insurance Group. In a world of ever evolving risk, marine coverage is an essential part of any insurance program. Why? There are numerous situations where standard...
Chinese Insurer Ping An Plans to Sell $2.1B Stake in Autohome: Sources
Nov 12 2021 // HONG KONG – Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto services portal Autohome, three people familiar with the situation told Reuters. Ping An, which is currently...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal
Nov 12 2021 // Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest...
Insurers for High Crime Areas on Notice after Georgia Court Affirms $43M Verdict
Nov 12 2021 // A Georgia appeals court has upheld a $43 million premises liability verdict against the CVS Pharmacy chain, ruling that the company failed to take security measures to prevent the shooting of a patron in 2012. The case is...
Risky Business: Climate Change Turns Up Heat on Insurers, Policyholders
Nov 12 2021 // Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire. But after a wildfire swept through their Northern California town of Paradise three years ago,...
California Commissioner’s Latest Insurer Non-Renewal Moratorium Covers Nearly 210K Homes
Nov 10 2021 // California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included in an earlier emergency declaration, bringing the...
