Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
AM Best Revises Outlook to Negative for Missouri Valley Mutual Insurance Company
Apr 30 2025 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Missouri Valley Mutual Insurance...
Tech Update: WTW Launches AI Monitoring Tool ‘Radar Vision’ for Insurers; Tariff Simulator Added to Marsh McLennan’s Sentrisk
Apr 30 2025 // WTW has announced the North American launch of Radar Vision, an AI-driven performance monitoring tool custom-built for insurers. The global insurance industry has been turbulent for a few years, with significant inflation...
How an Upgrade to Producer Onboarding Can Fuel Carrier Growth: A Life Insurer’s Perspective
Apr 29 2025 // This post is part of a series sponsored by AgentSync. GPM Life fuels its growth with the ability to onboard more producers faster with AgentSync Executive Summary: With the demand for life insurance and annuities products...
WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images
Apr 28 2025 // After receiving multiple inquiries about the use of aerial images in property insurance nonrenewals, West Virginia’s insurance commissioner has posted guidelines for insurers’ use of the technology. In a...
Vermont Takes Over Medical Liability Insurer CARE RRG Facing $35.4M Judgment
Apr 28 2025 // A Vermont Superior Court has approved a state takeover and rehabilitation plan for a medical professional liability insurer for 1,300 physicians that the state says is in hazardous financial condition as a result of a...
More Russian Insurers Seek Indian Nod for Oil Tanker Coverage
Apr 25 2025 // Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter. India’s shipping...
Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Parts of California
Apr 23 2025 // Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage in California communities at high risk for wildfires and force homeowners onto the state’s last-resort insurance...
UK’s Admiral Group to Sell Its US Insurer Elephant to J.C. Flowers
Apr 22 2025 // United Kingdom’s Admiral Group has agreed to sell its U.S. insurance business — Elephant Insurance Co. and Elephant Insurance Services— to the private investment firm J.C. Flowers & Co. for an undisclosed...
Japanese Insurer MS&AD Plans to Invest as Much as $5 Billion to Double US Profits
Apr 22 2025 // MS&AD Insurance Group Holdings Inc. plans to invest as much as about ¥700 billion ($5 billion) to expand in the North American market, to meet its goal of doubling operating profits in the region, according to its...
Swiss Insurers Helvetia and Baloise to Merge to Create Top 10 Company
Apr 22 2025 // Helvetia and Baloise plan to merge to create Switzerland’s second-largest insurance group with a combined business volume of 20 billion Swiss francs ($24.69 billion), the pair said on Tuesday. The new group, to be...
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B
Apr 21 2025 // Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses...
Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube Report
Apr 21 2025 // Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This...
US Excess & Surplus Lines Boost London Market Re/Insurers’ Topline Growth
Apr 16 2025 // The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according to a...
British Insurer Marshmallow Valued at $2 Billion With BlackRock Backing
Apr 15 2025 // British car insurance startup Marshmallow has almost doubled its valuation to more than $2 billion after a funding round that was backed by new investors BlackRock, Columbia Lake Partners and Portage. The firm, which...
AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers
Apr 15 2025 // According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes in credit ratings. The...
The 12th New Property Insurer, Apex Star Reciprocal, Enters Florida Market
Apr 8 2025 // Florida’s insurance commissioner on Monday announced another entry into the warming waters of the Florida property-casualty market – the 12th new insurer in the last two years. Nichols (Linkedin) Apex Star...
Hedge Funds Hunt Deals in Risk Scenarios Too Costly for Insurers
Apr 7 2025 // As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set for hedge funds to pursue market-beating returns fanned by climate change. The investment...
JD Power: Customers Not Happy With Carrier Property Claims Service
Apr 7 2025 // Higher premiums and longer wait times make property owners less satisfied with their insurers. These not-very-surprising results from J.D. Power’s 2025 U.S. Property Claims Satisfaction Study align with today’s...
Risk Digitization Top Tech Priority for US Insurers
Apr 4 2025 // Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents...
Future of Auto Insurance: OEM-Insurer Ties Could Boost Profits, Loyalty
Apr 3 2025 // The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, “Reinventing the insurance customer experience for loyalty,” highlights how...
