Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Health Insurer Anthem Settles States’ Cyber Breach Probe for $40 Million
Sep 30 2020 // Anthem Inc. said on Wednesday it would pay $39.5 million as part of a settlement with U.S. states attorneys general following an investigation into a massive cyber-attack at the company in 2015. The second largest U.S....
Rourke Appointed as SVP, General Manager of The Church Insurance Companies
Sep 30 2020 // The Church Pension Group (CPG), a financial services organization that serves The Episcopal Church, has appointed Christopher R. Rourke as senior vice president and general manager of The Church Insurance Companies...
The State of Surplus Lines Insurance: Busy Solving Risk Puzzles in a Complex World
Sep 30 2020 // Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly...
Florida Attorney Behind Thousands of Insurer Lawsuits Violated 14 Bar Rules: Judge
Sep 30 2020 // Embattled Florida attorney Scot Strems, who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against Florida property insurers over the last several years, has been found by a...
Agents Warned of ‘Creative’ Attorneys, Virus Lawsuits
Sep 30 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...
Update: UK Regulator Files Expedited Appeal in Business Interruption Test Case
Sep 29 2020 // Britain’s financial regulator said on Tuesday it had filed for an expedited appeal in a business interruption test case against insurers, but was seeking an agreement by Wednesday to avoid the appeals process...
American Financial Group Agrees to Sell Run-Off Lloyd’s Insurer Neon to RiverStone
Sep 28 2020 // American Financial Group Inc. announced it has reached a definitive agreement to sell GAI Holding Bermuda and its subsidiaries, comprising the legal entities that own its Lloyd’s of London insurer, Neon, to...
Even Failed Claims Against Nurses Cost Insurers $20K, Liability Study Shows
Sep 28 2020 // Liability claims that involve nurses cost an average of $210,513 if a large indemnity payment is made, but even claims that are dropped, defeated or dismissed end up costing more than $20,000, according to a report...
Insurer Ping An Taps Rising Demand for Chinese Assets with Offshore Management Arm
Sep 28 2020 // Ping An Insurance (Group) Co., China’s largest insurer by market value, is tapping growing global demand for Chinese assets to expand its offshore asset management business as competition with foreign entrants...
Opinion: Missouri Appeals Court Ruling Shrinks Insurers’ Right to Intervene
Sep 28 2020 // The Western District of the Missouri Court of Appeals has again construed the effect of the 2017 amendments to Mo. Rev. Stat. § 537.065, which gave insurers a limited right to intervene and protect their interest when...
UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger
Sep 28 2020 // UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after Sky News reported it was negotiating a merger with rival Royal London. The company...
Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts
Sep 28 2020 // Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies, according to several reinsurers and brokers in recent webinars held in lieu of what would...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch
Sep 28 2020 // As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance segment, insurers can expect the claims to take several years to pay out and...
Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming
Sep 25 2020 // Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be...
New York, California Could be Fastest Growing States for Renewables
Sep 24 2020 // U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report. The report depicts a “a credit positive for renewable energy developers” in...
Texas Windstorm Insurer Seeks More Data on Rate Adequacy, Hurricane Modeling
Sep 24 2020 // The Texas Windstorm Insurance Association’s actuarial and underwriting committee is seeking more data from TWIA staff and an actuarial consulting firm on rate adequacy and catastrophe modeling for potential hurricane...
Mutual Insurer Group NAMIC Names Merchants Mutual’s Zak as Chair
Sep 24 2020 // The National Association of Mutual Insurance Companies welcomed its new chairman – Robert Zak, president and chief executive officer of Merchants Mutual Insurance Co. – this week during its all-virtual 125th annual...
EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future
Sep 24 2020 // The investment will empower insurance companies, banks, and other financial institutions to build and optimize digital journeys with an AI-powered no-code platform Tel Aviv, Israel – September 24, 2020 – EasySend, the...
Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector
Sep 24 2020 // Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market upheaval left...
Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap
Sep 23 2020 // The Bank of England has encouraged the government to work with UK insurers in preparation for future major shocks, rather than leave swathes of the economy exposed to catastrophic losses. The danger of a “protection...
