Latest Carriers Headlines

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

Some Auto Insurer Premium Discounts Should Be Bigger, Consumer Groups Say

May 4 2020 // Two consumer groups said on April 23 that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to...

Florida Directs Workers’ Comp Insurers to Comply with COVID-19 Treatment Order

May 4 2020 // The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders...

Third Coast Underwriters to Offer Workers’ Comp Coverage in Florida, Wisconsin

May 1 2020 // Third Coast Underwriters (3CU), a national workers’ compensation insurance company, is expanding into Florida and Wisconsin. With the expansion, the company will offer its workers’ compensation coverage in 21...

Louisiana Workers’ Comp Insurer, Amerisafe, Reports Profitable Quarter

May 1 2020 // DeRidder, Louisiana-based workers’ compensation insurance company, Amerisafe Inc., has reported a first quarter profit of $10.8 million. The company posted revenue of $79.2 million in the period; adjusted revenue was...

Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis

May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...

UK Regulator Wants Courts to Clarify Wording of Disputed Business Interruption Policies

May 1 2020 // Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the coronavirus pandemic. The Financial...

Penn. High Court Deals Potential Blow To Carriers’ Denial Of Business Income Claims

May 1 2020 // In a case where no insurance company or insurance claim was involved, the Pennsylvania Supreme Court issued a ruling that could potentially negate one of the insurance industry’s standard bases for denial of coverage...

CEO Musk Replaces Tesla’s D&O Policy with ‘Personal Coverage’

May 1 2020 // Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company’s directors and officers insurance (D&O), replacing it with a promise to personally provide...

Nationwide’s Left the Building. Insurer Makes Remote Work Permanent in 5 States.

Apr 30 2020 // Nationwide said it plans to permanently transition to a hybrid operating model that comprises primarily working-from-office in four main corporate campuses and working-from-home in most other locations. The company said it...

NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry

Apr 30 2020 // New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and...

Top Insurers Face Lawsuit from UK Hospitality Sector on Rejected Biz Interruption Claims

Apr 30 2020 // Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million-pound lawsuit from British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been...

Insurers Promote Federal Pandemic Insurance Plan to Congress

Apr 29 2020 // The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar with the effort told...

North Carolina Extends Emergency Order for Insurers to Defer Premium Payments

Apr 29 2020 // North Carolina Insurance Commissioner Mike Causey has extended an order issued last month to the insurance industry requesting that insurers defer policyholder payments for an additional 30 days, beginning April 27. The...

Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions

Apr 28 2020 // Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he...

Supreme Court Backs Insurers Over $12 Billion in Obamacare ‘Risk Corridor’ Payments

Apr 27 2020 // The U.S. Supreme Court on Monday ruled in favor of health insurers seeking $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to...

Coronavirus Business Interruption Insurance Claimants Seek to Consolidate Lawsuits

Apr 27 2020 // Two groups of plaintiffs — one in Philadelphia, the other in Chicago — are asking federal courts to consolidate lawsuits filed by businesses that are seeking coverage for business-interruption losses they claim are...

Auto Insurers Will Return Approximately $32M in Premiums to N.H. Consumers

Apr 27 2020 // At least 23 companies selling auto insurance in New Hampshire are returning premium to their policyholders, New Hampshire Insurance Commissioner Chris Nicolopoulos announced. These companies represent more than 90% of the...

UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims

Apr 27 2020 // Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. “We are concerned that the insurance sector...

UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers

Apr 27 2020 // British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates...

Pennsylvania Outlines Temporary Licensure Process for Insurers During COVID-19

Apr 24 2020 // The Pennsylvania Insurance Department has submitted a notice to all state insurance companies and agencies outlining the process for issuing temporary licenses for Pennsylvania resident insurance producers during the...