Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Connecticut Reminds Insurers to Avoid Discriminatory Practices with Big Data
Apr 16 2021 // Connecticut Insurance Department (CID) Commissioner Andrew N. Mais issued a formal notice to insurers licensed by the department that their use of technology and big data must be in full compliance with federal and state...
UN Summit to Seek Support from Insurers, Bankers to Stem Loss of Global Biodiversity
Apr 15 2021 // Organizers of a United Nations summit where world leaders will seek to negotiate an accord for nature akin to the Paris climate agreement want banks and fund managers to play their part in protecting the planet’s...
Insuring Cyber Podcast: What the ‘New Normal’ Means for Cyber Insurers, Coverage
Apr 14 2021 // Powered by InsuranceJournal.tv More than a year has passed since pandemic-related government restrictions began, causing many businesses around the world to shift their workforce to remote. With increased reliance on...
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S.
Apr 14 2021 // New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers. The information comes as numerous stakeholders push for legislative...
Texas Supreme Court Sides with Insurer on Mold-Related Policy Changes
Apr 14 2021 // The Texas Supreme Court on April 9 reversed lower court rulings and found that Farmers Insurance was within its rights when it decided 19 years ago not to renew homeowners’ policies that it feared would have forced...
Aon Collaborates with Insurer Partners to Protect Global COVID-19 Vaccine Shipments
Apr 13 2021 // Insurance broker Aon plc has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. The solution provides transparent cargo...
New Zealand Becomes 1st Country to Introduce Climate Change Law for Insurers, Banks
Apr 13 2021 // New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said...
U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch
Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Watford Holdings Announces Purchase of French P/C Insurer Axeria IARD
Apr 12 2021 // Bermuda-headquartered Watford Holdings Ltd. has completed the purchase of Axeria IARD, a French property and casualty insurance company. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group....
P/C Insurers Liberty Mutual, Starr Join Investors in Bitcoin Firm NYDIG
Apr 9 2021 // New York Digital Investment Group, an asset manager focused on bitcoin investments, has raised $100 million it will use to expand the use of bitcoin in insurance. The round comes just a month after announcing $200 million...
Applied Analytics Isn’t Just for Insurers. Startups Help Claimants Get In On the Action.
Apr 9 2021 // Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long...
Australia’s Regulator Weighs Limits on Life Insurers’ Exposure to Offshore Reinsurance
Apr 8 2021 // Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players. The Australian Prudential Regulation Authority...
Insurer Group Sues to Stop Washington Insurance Commissioner’s Credit Scoring Ban
Apr 7 2021 // The American Property Casualty Insurance Association is suing to halt emergency regulations recently filed by Washington Insurance Commissioner Mike Kreidler to ban the use of credit-based insurance scores in the rating...
Insurers Beware: Potential Impacts of New York’s Cyber Insurance Risk Framework
Apr 6 2021 // New York remains extremely active in the cybersecurity and data protection arena. During its current legislative session, New York is considering a proposed privacy bill that would greatly enhance consumer privacy rights,...
NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.
Apr 5 2021 // The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re
Apr 5 2021 // Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to a report from Swiss Re’s sigma. Of that total, US$81 billion related to claims...
Leveraging carrier technology to support small business customers
Apr 2 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The small commercial market offers tremendous opportunities for agents to increase their market share more than ever before, particularly for those...
New Jersey Bill Requiring Insurers Explain BI Policies Lands on Governor’s Desk
Apr 1 2021 // A New Jersey bill that requires insurers issuing business interruption policies in the state provide policyholders with a summary of coverage for loss of use and occupancy of a commercial property has passed the state...
Report: Texas Work Comp Insurers See More than 44K COVID-19 Claims by Mid-February
Apr 1 2021 // An updated report on workers’ compensation claims in Texas related to COVID-19 shows that as of Feb, 14, 2021, insurance carriers reported more than 44,000 COVID-19 claims and 200 fatalities to the state’s...
Former USPS Carrier Sentenced in Maryland for Working While Receiving Disability Comp
Apr 1 2021 // A former U.S. Postal Service (USPS) carrier has been sentenced on a federal charge in Maryland for making false statements to obtain disability compensation. U.S. District Judge Paula Xinis sentenced Ronald S. Repass, age...
