Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mass. Court Says Injured Worker Can’t Charge Insurer for Medical Marijuana Expenses
Mar 1 2021 // The Massachusetts Appeals Court has found that a worker can’t charge his workers’ comp insurer for the cost of medical marijuana treatment due to a work-related injury. This comes after Mark T. Delano initially...
Court Up’holds’ Insurers’ Denial of $6M Crime Claim for Phishing Loss
Mar 1 2021 // Real estate software maker RealPage has been denied a $6 million computer crime insurance coverage claim because the stolen funds were not in its possession but were instead being held by a payment processing firm at the...
UK Insurer Aviva Plans to Become Net-Zero Carbon Emissions Company by 2040
Mar 1 2021 // British insurer Aviva plans to become a net zero carbon emissions company by 2040, it said on Monday, claiming this was the most demanding target set by any major insurer worldwide. Following the 2015 Paris Agreement on...
Specialty Re/insurer SiriusPoint Launches with More Than $3 Billion in Capital
Feb 26 2021 // SiriusPoint Ltd., the Bermuda-based international specialty insurance and reinsurance company, has launched today with more than $3 billion in initial capital. The company was created from the merger of specialty reinsurer...
UK Insurer RSA Reports 15% Hike in 2020 Operating Profit
Feb 26 2021 // UK insurer RSA has reported a 2020 business operating result of £751 million ($1.1 billion), up 15% from £656 million ($926 million) reported during 2019. The group paid out some £4.6 billion ($6.5 billion) in...
Irish Insurer FBD More Than Doubles Money Set Aside for Lockdown-Related Claims
Feb 26 2021 // DUBLIN – Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that included...
Insurance Employment Impresses With Insurers Adding 20K Jobs During Pandemic
Feb 26 2021 // Levels of employment for the insurance industry are “holding up much stronger than the overall economy,” the leader of an insurance search firm said recently, reporting that insurers have added almost 20,000...
Auto Insurers Slam Nevada Pandemic Lawsuits
Feb 25 2021 // The American Property Casualty Insurance Association is responding strongly to new litigation the group says is an attempt to capitalize on the ongoing pandemic by targeting the auto insurance marketplace. Class action...
Nevada Lawsuits Filed Against Auto Insurers over Rates in Pandemic
Feb 25 2021 // Class action lawsuits were filed in Nevada against 10 major auto insurance companies this week, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in...
Texas Lawmakers Told Insurers Want ‘Seat at Table’ As Power Blackout Probe Begins
Feb 25 2021 // Texas state legislators on Thursday begin digging into the causes of deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for...
15 Insurers Stop Doing Business with Nord Stream 2 Pipeline to Avoid Sanctions: Reuters
Feb 24 2021 // Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress...
Italy’s Top Insurer Generali to Invest €3.5B in COVID-Hit European Countries
Feb 24 2021 // MILAN – Italy’s top insurer Generali said on Wednesday it launched a 3.5 billion euro ($4.26 billion) investment plan over five years to support the recovery of European countries hit by COVID-19. The plan, dubbed...
Insurers Plan to Continue Hiking Liability Rates for Architects, Engineers: Ames Gough
Feb 24 2021 // Most professional liability insurers covering architects and engineers (A/E) achieved varied premium growth last year as the U.S. construction industry remained resilient during the COVID-19 pandemic. Yet, worsening claims...
More Insurer Partnerships, Tech Investments, Divestitures to Come in 2021, Says Bain
Feb 23 2021 // Insurers in 2021 will be doubling down on streamlining, reinforcing their core businesses and updating technology, and mergers and acquisitions will help them get there as it did in 2020, according to a Bain & Co....
Lloyd’s Insurer Brit to Stop Insuring Australia’s Adani Coal Mine
Feb 23 2021 // Major Lloyd’s of London insurer Brit will not insure Adani Enterprises’ Carmichael thermal coal mine, it said on Tuesday, adding to a growing list of Lloyd’s insurers who have made similar...
Fight Brewing over Insurer-Backed California Bill That Includes Autobody Shops
Feb 22 2021 // An insurance industry-backed California bill to create a new regulatory board for towing and storage companies under the California Department of Consumer Affairs has drawn opposition from the auto body industry. Assembly...
About 1,000 EU Finance Firms, Such as Insurers, Eye Post-Brexit Outposts in UK
Feb 22 2021 // Around 1,000 European Union finance firms are expected to open their first offices in the UK after losing their passporting rights because of Brexit. Roughly two-thirds of the 1,500 money managers, payment firms and...
Insurer Wins Covid-19 Business Interruption Case Filed by New Orleans Restaurant
Feb 22 2021 // A New Orleans judge has denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for business income that was lost when it was required to close its dining room because of the COVID-19...
Insurers Seek to Question Abuse Claimants, Lawyers in Boy Scouts Bankruptcy
Feb 22 2021 // The judge presiding over the Boys Scout of America bankruptcy is weighing a request by insurance companies for permission to serve document requests on 1,400 people who have filed sexual abuse claims and to question scores...
P/C Insurers’ Net Income for 9 Months Fell 27% on Impact of Catastrophes
Feb 22 2021 // In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion and net underwriting gains declined to $0.3 billion, from $5.4 billion a year earlier as the...
