Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Worry About D&O Claims Against Executives From Coronavirus
Apr 2 2020 // Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses,...
Next Insurance Cuts April Premium by 25% to Help Small Firms in Coronavirus Crisis
Apr 1 2020 // An insurtech small business insurer is cutting April premiums by 25% for its customers with general liability, professional liability and commercial auto policies to help them get through the coronavirus...
Alabama Issues Industry Guidance on COVID-19, Classifies Insurance as Essential
Apr 1 2020 // Alabama Commissioner of Insurance Jim Ridling has asked insurers writing business in the state to consider leniency and flexibility for policyholders in light of the current coronavirus outbreak, as well as confirmed that...
EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts
Apr 1 2020 // European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said. Without...
What Florida Agents Need to Know During Coronavirus Crisis
Apr 1 2020 // Watch the Full Interview Powered by InsuranceJournal.tv Florida is a catastrophe-prone state when it comes to weather, but the challenges that come from a non weather-catastrophe like the current COVID-19 pandemic bring...
North Dakota Insurance Commissioner Issues Guidelines in Response to COVID-19 Pandemic
Mar 31 2020 // North Dakota Insurance Commissioner Jon Godfread has issued a number of bulletins offering guidance to the insurance industry in response to executive orders made by Gov. Doug Burgum, and in the interest of protecting...
Massachusetts Joins Ohio, N.J. in Proposing COVID-19 Business Interruption Bill
Mar 31 2020 // Massachusetts is one of the latest states to propose legislation that would mandate insurers cover COVID-19 related business interruption claims despite virus exclusions in many policies. This comes as Insurance Journal...
Carrozza Joins Texas Associates Insurors as Risk/Insurance Advisor
Mar 30 2020 // Texas Associates Insurors has hired Brad Carrozza as its newest risk and insurance advisor. He is based in Austin. Carrozza’s specialization is focused on quarries, equipment rental operations, utility and pipeline...
P/C Insurers Put a Price Tag on Uncovered Coronavirus Business Interruption Losses
Mar 30 2020 // The property/casualty industry estimates that business interruption losses from the coronavirus just for small businesses in the U.S. could be between $220-$383 billion per month — or a quarter to half of the total...
The Longer Coronavirus Crisis Lasts, the More Uncertain Is P/C Insurance Outlook
Mar 30 2020 // North American property/casualty insurers reported improved 2019 operating performance, but near-term performance will likely be more challenging with the onset of coronavirus and the resulting economic impact, according...
Ohio Bill Would Expand Business Interruption Coverage During COVID-19 Emergency
Mar 30 2020 // Two Democratic state representatives in Ohio have filed a bill in the General Assembly that would require insurers that provide business interruption insurance to cover losses that arise from viruses and pandemics,...
Connecticut Calls on Auto Insurers to Extend Coverage to Personal Delivery Drivers
Mar 30 2020 // Connecticut Insurance Department Commissioner Andrew N. Mais has called on insurers to immediately institute an extension of coverage for personal delivery drivers in light of the disruption caused by the COVID-19...
South Korean Insurers Hit Hard by Evaporating Investment Returns
Mar 30 2020 // Insurers the world over have been walloped by evaporating investment returns, but those in South Korea have been hit particularly hard. Just consider this: The nation’s second-largest life insurer became a penny...
From Free Coverage to Medical Masks. P/C Insurers Deliver Some Good News.
Mar 30 2020 // While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says most policies were never intended to cover, some individual insurers are finding small...
Washington State Asks Insurers to Extend Coverage to Delivery Drivers
Mar 27 2020 // Washington Insurance Commissioner Mike Kreidler is asking insurers doing business in the state to immediately extend automobile insurance coverage for personal delivery drivers to aid people temporarily assigned this duty...
Demotech Affirms Ratings of 37 Florida Insurers; Still Reviewing Others
Mar 27 2020 // Demotech has affirmed 37 of the 46 Florida-based companies rated by the actuarial firm, as of March 26, according to information gathered from Demotech’s website. That leaves fewer than 10 Florida insurers that are...
Restaurateur Sues The Hartford, Seeking Coverage for Coronavirus Business Interruption
Mar 27 2020 // A well-known California restaurateur has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s commercial insurance policy covers losses caused by a statewide business shutdown...
Aetna Waiving Patient Co-Pays for Coronavirus Hospital Stays
Mar 27 2020 // One of the nation’s biggest health insurers is waiving patient payments for hospital stays tied to the coronavirus. CVS Health’s insurer Aetna said Wednesday that many of its customers will not have to make...
Florida Insurers Omega, Tower Hill Select to Merge into Tower Hill Signature
Mar 27 2020 // A proposed merger of Florida-based insurers Omega Insurance Co. and Tower Hill Select into Tower Hill Signature Insurance Co. has been approved by Florida regulators. The Florida Office of Insurance Regulation approved the...
Insurer Ageas Uses AI to Create End-to-End Car Damage Assessments in UK
Mar 26 2020 // Ageas is using artificial intelligence (AI) to create end-to-end assessments and estimates of vehicle damage, which it says is a first for a UK insurance company. Ageas is using an AI solution, developed by technology...
