Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
New Insurer Relm Offers Cover for Cryptocurrency, Cannabis Businesses
Mar 3 2020 // Relm, a Bermuda-based insurer that specializes in emerging business categories, has opened its doors for business. The new business, which is led by CEO Joe Ziolkowski and Operations Vice President Keyla Roman, is owned by...
New York Insurers Required to Waive Cost-Sharing for Coronavirus Testing
Mar 3 2020 // The New York State Department of Financial Services is requiring New York health insurers to waive cost sharing associated with testing for novel coronavirus, including emergency room, urgent care and office visits. New...
Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s
Mar 2 2020 // Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility,...
Iowa Court Slashes Insurer’s Payment to Paralyzed Worker
Mar 2 2020 // The Iowa Supreme Court has dramatically reduced the compensation a paralyzed northeast Iowa man received from a jury in a lawsuit against an insurance company even while finding the company’s actions were...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
Insurtech: It’s not Just for Carriers Anymore
Feb 28 2020 // Until recently, insurtech not only was perceived as a competitive threat to independent agents, there was little startup activity dedicated to tackling the operational needs of insurance agents and brokers. That’s...
Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation
Feb 28 2020 // Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of dollars. Japan has more...
Windhaven Insurance Ceasing Operations, Assets to be Auctioned Off
Feb 27 2020 // Auto and home insurer Windhaven Insurance has alerted its agents and employees in Florida that it is winding down the insurance operations of its entities, including Windhaven National Insurance Co., ClutchAnalytics and...
Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface
Feb 25 2020 // Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of...
Florida Carriers Seek Staggering Rate Increases Amid Market Turmoil
Feb 25 2020 // It’s no surprise that Florida carriers are raising homeowners’ insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims. What may...
Saudi Arabia’s Regulator Plans to Raise Capital Requirements for Insurers
Feb 24 2020 // Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV. The new rules would...
AM Best: Florida Insurers Brace for Challenging June Reinsurance Renewals
Feb 24 2020 // Anticipated reinsurance rate increases for Florida-specific property insurance companies in the upcoming June 2020 renewal period potentially could pressure the more thinly capitalized companies in the market, according to...
UK Insurers Could See Underwriting Losses After Storms Ciara, Dennis: Fitch
Feb 21 2020 // Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase pressure on UK household insurers’ profits in 2020, said Fitch Ratings. While the...
Tennessee Licenses 200th Captive Insurance Company
Feb 21 2020 // The Tennessee Department of Commerce & Insurance (TDCI) is marking the licensing of its 200th captive insurance company, Mattoon Insurance Co., making the state the seventh-largest captive domicile in the U.S.,...
How One County Plans to Vet Insurers for Fossil Fuel Investments
Feb 20 2020 // “We have front row seats,” said Elise Jones, a Boulder County commissioner. Jones along with two other commissioners oversees government affairs in the Colorado county of 330,000 or so at the base of the...
Usage-Based Insurance Pioneer Metromile Now Offering Its Technology as Claims Tool
Feb 20 2020 // Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced that...
Coronavirus Raises Insurance Questions But Catastrophe-Tested Insurers Are Prepared
Feb 20 2020 // As the coronavirus outbreak continues to cause concern around the globe, the insurance industry is facing a potentially far-reaching impact but has the experience to handle what might come its way. Based on what the...
Activist Hedge Fund Elliott Investment Builds Stake in Dutch Insurer NN Group
Feb 20 2020 // Elliott Investment Management, U.S. billionaire Paul Singer’s activist hedge fund firm, has built up a 3.04% stake in Dutch insurer NN Group, a filing by the Dutch financial regulator AFM showed on...
AXA Lowers 2020 Profit Guidance for XL Unit
Feb 20 2020 // French insurer AXA lowered its 2020 profit guidance for its companies-focused XL unit and named a new boss for the division, as it stepped up measures to reduce exposure to risks stemming from natural disasters that become...
Insurers Finding It Increasingly Difficult to Fill Vacant Positions
Feb 20 2020 // Most insurance companies plan to either maintain current staffing or add new employees over the next 12 months, The Jacobson Group and Aon have found. At the same time, their new Semi-Annual U.S. Insurance Labor Outlook...
