Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
May 21 2025 // Direct written premiums in the U.S. homeowners insurance market rose more than 13 percent in 2024, and the net combined ratio for the line fell below breakeven for the first time in five years. Higher prices explained much...
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
May 20 2025 // Insurance industry financial strength rating agency AM Best said today that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers and may require...
Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings
May 20 2025 // Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in the fiscal year started April in a push to reduce strategic holdings in line with government...
Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
May 19 2025 // Consumer complaints about property-casualty insurers in Florida have more than doubled in the last five years and are on track to reach a new high in 2025, according to data provided by Florida regulators. Insurance...
Diversification, Risk Modeling Top of Mind for Carriers as Cyber Liability Market Softens
May 19 2025 // As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in...
People Moves: Medical Liability Insurer EmPRO Expands to Massachusetts, Names 3
May 14 2025 // Medical malpractice insurer EmPRO Insurance Co. has opened its first office in Massachusetts. The new Boston office marks EmPRO’s further expansion into the New England market, following prior entries into New...
India Approves More Russian Insurers to Provide Marine Cover
May 13 2025 // India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key...
Insurer Coalition: Costs From Business Email Compromise Rise in 2024
May 12 2025 // About 60% of claims handled by cyber insurer Coalition were from business email compromises—and about a third of those including funds transfer fraud. According to its “2025 Cyber Claims Report,” Coalition...
New York School District Sues Two Insurers Over Coverage for Child Victim Claims
May 8 2025 // A Long Island school district is accusing two insurers of ducking their responsibilities to defend and indemnify it against lawsuits by former students claiming they were sexually abused by an elementary school teacher...
New Louisiana Law Mandates Discount Disclosures for Insurance Companies
May 6 2025 // Louisiana Insurance Commissioner Tim Temple sent out an announcement this week to all property and casualty insurance companies notifying of a statue that requires insurers to disclose all available discounts that could...
Insurers Paid $612M on Kansas Storm Damage Claims in 2024
May 5 2025 // Kansas Insurance Commissioner Vicki Schmidt released data last month on the amount paid by insurance companies for Kansas storm damage claims in 2024. In 2024, reported storm claims totaled 56,778 and the amount paid out...
Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI
May 5 2025 // He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer...
This Texas E&S Carrier Is Implementing Natural Language Processing
May 2 2025 // At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based excess and surplus carrier’s claims processing with new...
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...
