Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Thai Insurer’s Coronavirus Cover Draws ‘Overwhelming’ Demand
Apr 6 2020 // The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from the coronavirus would draw “overwhelming” demand when it began selling them...
D&O Insurers Brace For Coronavirus ‘Event Driven’ Litigation
Apr 6 2020 // What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed in late March — one against a cruise line and another against a pharmaceutical company that claimed to have developed...
Losses Could Be Substantial for P/C Insurers Writing Event Cancellation Business: A.M. Best
Apr 6 2020 // Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak still could be significant,...
P/C Insurance Outlook Looks Challenging, Uncertain: Fitch Ratings
Apr 6 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...
Insurers Report Uptick in Claims Against Architects and Engineers
Apr 6 2020 // Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & Gough said in a...
Travelers to Provide $100 Million Cash Flow Boost to Agents Amid Coronavirus Crisis
Apr 5 2020 // The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity concerns due to the COVID-19 crisis. In total, Travelers said it is accelerating more...
This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a...
North Carolina Requests Insurers Defer Premium Payments to Help Consumers
Apr 3 2020 // North Carolina Insurance Commissioner Mike Causey has activated an emergency declaration that gives policyholders in all 100 counties the option to defer insurance premium payments should they need to do so. The order was...
Demotech Reveals Florida Insurer Ratings, Says Market ‘Most Difficult’ in U.S.
Apr 3 2020 // The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm. After affirming a slew of...
Insurer, Go, Offering 50% Discount on Auto Insurance for Essential Workers in Texas
Apr 3 2020 // Silicon Valley-based insurance company, Go, is now offering a 50% discount on auto insurance to all essential workers in Texas who are on the front lines of the COVID-19 crisis. Go has partnered with Redpoint County Mutual...
COVID-19 Pandemic Threatens Gulf Insurers’ Earnings: S&P Report
Apr 2 2020 // The fallout from the coronavirus pandemic and tumbling oil prices threaten the earnings of insurers in the Gulf, S&P Global Ratings said on Wednesday, possibly leading to negative rating actions. “Most insurers...
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...
