Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

Global Insurers Pulled into Epicenter of COVID-19 Crisis, Firmly in Uncharted Territory

Jun 10 2020 // Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift. The long-awaited 32nd Olympic Games. The list of canned crowd-thrillers that were planned...

Captives Can Be an Insurtech Accelerator

Jun 10 2020 // With the immense financial and operational challenges brought on by the spread of the COVID-19 pandemic, many insurers have had to dramatically cut back on insurtech funding. Insurtech solutions were starting to help...

Workers’ Comp Carrier ClearPath Mutual Expands into Indiana, Tennessee

Jun 10 2020 // ClearPath Mutual Insurance Co. has expanded its workers’ compensation insurance offering into Indiana and Tennessee. According to ClearPath Mutual, when it began operations in 2018, the company applied for licenses...

The BIG Idea for Business Interruption Coverage: What It Is and Isn’t

Jun 10 2020 // Good faith coverage disputes over pandemic-related business interruption coverage don’t have to be fought out in courts, and retroactive rewrites of business interruption coverage language are unfair, according to a...

California Consumer and Insurer Groups Square Off Over Homeowner Insurance Bill

Jun 9 2020 // A consumer group is warning that homeowners could pay billions more for their home insurance under what it calls an “insurance industry legislative attack on California’s effective rate...

Munich Re’s ERGO to Take 24.9% Stake in Chinese P/C Insurer

Jun 8 2020 // Munich Re’s ERGO insurance unit has agreed to take a 24.9% stake in Taishan Property & Casualty Insurance Co. Founded in 2011, Taishan Insurance is a nationwide property and casualty insurer based in Shandong,...

Trade Credit Insurers Seek $60B from U.S. Towards Pandemic Payouts

Jun 8 2020 // U.S. trade credit insurers have approached the U.S. Treasury Department and Federal Reserve seeking financial backing for claims payments to support business supply chains hit by the novel coronavirus pandemic, three...

N.Y. Emergency Reg Requires Insurers to Expedite Claims Related to Civil Unrest

Jun 5 2020 // The New York State Department of Financial Services (DFS) has issued an emergency regulation requiring New York-regulated insurers to accelerate the claims process for businesses and individuals suffering damage as a...

Zaffino, AIG’s No. 2, Fights to Turn Around the House That Hank Greenberg Built

Jun 5 2020 // American International Group Inc.’s Peter Zaffino drew a clear line ahead of his jump to the insurer almost three years ago. “I didn’t want any advice,” Zaffino, AIG’s president, said in a...

German Insurer Allianz Seeks Asset Management License from China Regulators

Jun 5 2020 // Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy. Discussions for a license to manage its...

Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance

Jun 5 2020 // Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to...

Diverging Views: Is COVID a One-Off Catastrophe or Not?

Jun 5 2020 // While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the...

Report Calls for Regulators to Tackle ‘Systemic Risk’ from Climate Change

Jun 4 2020 // Climate change is a systemic risk with wide-ranging potential physical impacts, according to a new report that also serves as a call-to-action for U.S financial regulators to do more to deal with a changing climate. An...

UK Government Forms £10 Billion Reinsurance Backstop for Trade Credit Insurers

Jun 4 2020 // The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic by guaranteeing transactions insured by trade credit insurers. The Trade Credit...

Did Debate Over Business Income Insurance Just Get More Complicated?

Jun 4 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...

Nigeria’s Regulator Gives Insurers Additional Year to Recapitalize on COVID-19 Impact

Jun 4 2020 // Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus pandemic. The industry recapitalization program scheduled to end in...

UK Employee Union Urges Insurers, Banks to Protect Call Center Staff During Pandemic

Jun 4 2020 // Employee union Unite has called on finance firms to do more to protect call center staff after a survey of almost 3,000 employees exposed widespread fears about catching COVID-19 in workplaces where social distancing...

Insurers Prepare for Claims as East States See Property Damage from Civil Unrest

Jun 4 2020 // Scenes that played out over the past few days in several East region states are serving as a stark reminder for the insurance industry of civil unrest that took place in New York and other U.S. states more than 50 years...

No. It’s Not Just the Insurance Company’s Fault the Policy is Hard to Read

Jun 3 2020 // One of the blogs that I love to read is the Property Insurance Coverage Law Blog by Merlin Law Group. You may not like this, but I find many of the insights by Chip and the team to be compelling enough to make me stop and...

French Insurer AXA Plans to Cut Dividend by 50% on COVID-19 Impact

Jun 3 2020 // French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros, the firm said on Wednesday, in order to preserve cash amid the coronavirus pandemic. AXA added that it could...