Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Specialty Insurer Hallmark Financial CEO Anand Resigns; AM Best Maintains ‘A-‘ Rating
Jan 20 2021 // AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer Hallmark Insurance Group nor the “bbb-” long-term issue credit rating...
Texas Extends Workers’ Comp Insurer COVID-19 Data Call to June
Jan 19 2021 // The Texas Division of Workers’ Compensation (DWC) has extended until June 2021 its mandatory data call for information related to COVID-19 injuries reported to selected insurance carriers on or after Dec. 1,...
Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers
Jan 19 2021 // Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity,...
MMG Insurance Company Promotes Dill to VP of Marketing, Business Development
Jan 15 2021 // MMG Insurance Company has promoted Kayla O’Malley Dill to vice president of Marketing and Business Development, effective January 4, 2021. Dill is based in Maine. Dill joined the Company in 2013 as senior marketing...
Marsh Unveils 15 Cybersecurity Vendors Insurers Rate Most Effective
Jan 14 2021 // Global insurance broker Marsh has unveiled for the second time its group of Cyber Catalyst designated products and services judged by leading cyber insurers to be effective in combating significant cyber risks, including...
Major Insurers Temporarily Halt Political Contributions in Wake of Capitol Attack
Jan 14 2021 // Major U.S. insurers on Wednesday decided to suspend contributions to political campaigns for the next few months, following last week’s violence at the U.S. Capitol and challenge to President-elect Joe Biden’s...
Fitch: Florida Homeowners’ Insurers Performance Deterioration Continues
Jan 13 2021 // Florida homeowners’ insurance specialists are reporting continued performance deterioration and a decline in capitalization levels, despite the most severe losses from the record 2020 hurricane season occurring...
U.S. Warns of Sanctions on European Firms and Insurers Over Russia’s Nord Stream
Jan 13 2021 // The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration...
Marine Insurers Set to Raise Rates After Red Sea Attacks on Merchant Ships
Jan 13 2021 // LONDON – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said. The possibility...
Washington Bill to Ban Insurers from Using Credit Scores Heads to Senate
Jan 12 2021 // Editor’s note: This article has been updated to remove life insurance from the list of lines of insurance that the bill covered. That language was removed from earlier versions of the bill, and no longer...
Agent Standards Among Texas Windstorm Insurer’s Legislative Proposals
Jan 12 2021 // In its recently published report to the legislature, the windstorm insurer of last resort for properties along the Texas coast has proposed several operational changes, including one that would allow it to develop...
Texas Denies Windstorm Insurer’s Rate Hike Request
Jan 11 2021 // Texas regulators have denied a request for a 5% rate increase by the state’s insurer of last resort for wind and hail for properties along the Texas coast. The Texas Department of Insurance (TDI) has rejected the...
Insurance Company M&As to Continue in 2021
Jan 11 2021 // Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective advancements...
Insurers Not Quitting on Cyber Even as Risks Mount
Jan 11 2021 // It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded for network-monitoring...
Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer
Jan 11 2021 // The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014,...
Deadly Landslide in Norway Will Cost Insurers at Least $107 Million
Jan 8 2021 // COPENHAGEN, Denmark (AP) – A landslide that swept away homes in a residential area north of the Norwegian capital will cost insurance companies at least 900 million kroner ($107 million), a financial body said...
Deep Fake Losses to Challenge Cyber Insurers, CyberCube Warns
Jan 7 2021 // What do Ulysses and his Trojan Horse, the pickpocket Fagan in Charles Dickens’ Oliver Twist and a video of Facebook’s Mark Zuckerberg touting how his company “owns” its customers have in...
Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital’s Grandisson as Chair
Jan 7 2021 // The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry...
Study Shows Impact of Property Protections on Texas Windstorm Insurer Rates
Jan 7 2021 // A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for Texas’ property insurer of last resort for coastal counties is now available for...
Insurer Centene to Buy Magellan for $2.2 Billion to Expand Its Mental Health Services
Jan 6 2021 // Health insurer Centene Corp. said on Monday it has agreed to buy Magellan Health Inc. in a $2.2 billion deal including debt, looking to build up its mental health services as more Americans struggle with COVID-19-related...
