Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Wants Insurers to Reimburse Costs for Those Displaced by Wildfires
Sep 3 2020 // California Insurance Commissioner Ricardo Lara issued a notice to all California property/casualty insurance companies urging them to cover additional living expenses for policyholders who remain under mandatory evacuation...
Pay-Per-Mile Car Insurer Metromile Signs Deal with Ford
Sep 3 2020 // Auto insurer Metromile said it is teaming up with Ford Motor Co. to provide owners of Ford vehicles with connectivity technology with personalized car insurance. Ford is Metromile’s first agreement with a major...
Florida High Court Rejects Strems Bid to Dissolve Suspension; Contempt Petition Filed
Sep 2 2020 // A Florida attorney accused of causing great public harm through a “vast campaign of unprofessional, unethical, and fraudulent conduct,” by way of thousands of insurer lawsuits has lost his latest battle to...
Insurers Say They’re Having Trouble Recruiting New Employees
Sep 2 2020 // U.S. insurers want to fill existing positions or expand their staffs over the next year but say they are still having trouble recruiting, even during the COVID-19 pandemic where unemployment has skyrocketed, according to a...
Insurance Plays Key Role in Civil Rights Settlements Against Law Enforcement
Sep 2 2020 // Municipalities, their insurers and risk pools should be heeding the current public re-examination of police and prosecutorial actions taking place across the country, according to an insurance policyholder attorney who...
Insurer Travelers Reports ‘Mini-Tender’ Offer by TRC Capital; Advises Shareholders Reject
Sep 1 2020 // The Travelers Companies reported on Tuesday it has been notified that TRC Capital Investment Corp. has made an unsolicited “mini-tender” offer to purchase up to 1,000,000 shares of Travelers’ common stock...
Drones Help Insurance Companies Check Windstorm Damage in Iowa
Aug 31 2020 // Insurance adjusters who descended on Cedar Rapids, Iowa, after the Aug. 10 derecho storm are using drones to check roofs and asking homeowners with less severe damage to take their own photos. Some of this is due to the...
Insurer Travelers Overcomes California Restaurant’s COVID-19 Business Loss Claim
Aug 31 2020 // A federal court in California has dismissed a lawsuit filed by a Los Angeles restaurant seeking business interruption losses from Travelers Indemnity due to coronavirus-related restrictions on its business. Judge Stephen...
Exotic Dancer Involved in 2010 Crash Gets $8.6M from Insurer
Aug 28 2020 // A former exotic dancer seriously injured in a 2010 car crash with an off-duty Massachusetts police officer has been paid about $8.6 million by the insurance company for the strip club, according to court records. Kailee...
Analytics Helping Insurers Identify Workers’ Compensation ‘Mega’ Claims More Quickly
Aug 28 2020 // The share of “mega” workers’ compensation claims — those expected to cost $3 million or more — climbed steadily since 2013 after dropping as construction employment declined sharply during the Great...
Analysts Warn of Effects of Hurricane Laura Losses on P/C Insurers
Aug 27 2020 // Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on...
As FAIA Chief Grady Says Goodbye, He Shares His Top 10 Moments
Aug 27 2020 // Powered by InsuranceJournal.tv For 22 years, the Florida Association of Insurance Agents has been led by Jeff Grady, president and chief executive officer, who admits that when he started all those years ago he did not...
Natural Catastrophe Claims Cost Insurers More Than Coronavirus in First Half: Fitch
Aug 26 2020 // COVID-19-related claims were not the biggest driver of the North American property/casualty insurance industry’s overall combined ratio during the first six months of 2020. Natural catastrophes cost insurers more,...
3 Reasons COVID-19 Business Income Suits Should Not be Combined
Aug 26 2020 // Recently a U.S. Judicial Panel on multidistrict litigation denied a proposal to consolidate cases related to business income losses related to coronavirus. Read that story on Insurance Journal here. This was the right...
MS Amlin Names Everest Re’s Carrier as Chief Underwriting Officer as 3 Step Down
Aug 26 2020 // MS Amlin Underwriting Limited, the Lloyd’s (re)insurer, has appointed Andrew Carrier to the new position of chief underwriting officer. Carrier will be responsible for managing all of MS AUL’s underwriting...
NICB: Ongoing Towing Scams Proving Costly for Chicagoans, Insurers
Aug 25 2020 // Though perhaps not the absolute worst region in the U.S. for insurance scams involving towing abuses, towing scams in Chicago continue to cause problems for residents and insurers alike, according to the National Insurance...
Experts Puzzled by Decline in Insurance Fraud Tips via Technology
Aug 25 2020 // Even though insurers have invested heavily in fraud-fighting technology, the percentage of referrals from automated systems accepted by special investigation units has declined to 15 percent from 22 percent in the past two...
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market
Aug 25 2020 // San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the...
Property Insurer Not Off the Hook for Claim Stemming from Fight Over Fish
Aug 24 2020 // A policy that excludes damages caused by “physical abuse” does not take a property insurer off the hook for a claim by an insured who agreed to pay $500,000 to settle a lawsuit stemming from injuries caused by...
101 Sales, Marketing & Agency Management Ideas
Aug 24 2020 // 1. Offset Negativity. What can you show your clients that you are doing to help them during the pandemic? Everyone is tired of hearing how all their business income (BI) claims are denied. What are you doing to offset all...
