Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus
Feb 18 2020 // China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance...
Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources
Feb 18 2020 // Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd. own, according to people...
HCI Approved by Florida Regulator to Replace Anchor P&C Coverage for 43K Insureds
Feb 18 2020 // The Florida Office of Insurance Regulation has approved a plan for Homeowners Choice Property and Casualty Insurance Company, a subsidiary of HCI Group, to provide replacement policies for Anchor Property and Casualty...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair
Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...
Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection
Feb 13 2020 // Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their...
AM Best: Florida Insurers Brace for Challenging June Reinsurance Renewals
Feb 11 2020 // Although the 2019 hurricane season did not have a significant impact on Florida, loss creep from prior storms continues to weigh on reinsurers, leading to a likely rise in rates for the upcoming June renewal period. As...
Issuer Credit Ratings of Michigan’s Atain Insurance Companies Downgraded
Feb 10 2020 // AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a+” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Farmington Hills, Mich.-based Atain...
Thai Insurer Offers First Coronavirus Insurance Policy
Feb 10 2020 // The world’s best-performing insurance firm has seized on the latest health concern to offer Thailand’s first policy to cover the novel coronavirus. TQM Corp., with partner Bangkok Insurance Pcl, this week...
Australian Insurers Declare Catastrophe for Losses from East Coast Flooding
Feb 10 2020 // The Insurance Council of Australia (ICA) has declared a catastrophe for property losses caused by storms and flooding along the east coast since February 5. Insurers said they have received 10,000 claims with the value of...
Take a ‘Deep Dive’ Into the Nonprofit Sector: Nonprofits Treading Water as Market Hardens
Feb 10 2020 // The task of insuring nonprofit organizations is a complex one and agents, brokers, underwriters and carrier representatives say that in order to fully serve those entities that serve our communities in myriad ways,...
Data Driven Business Models to Affect Entire Insurance Value Chain: Swiss Re Report
Feb 10 2020 // Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, according to Swiss Re’s latest...
Insurance CEO Takes Fight for Nonprofit Coverage to Congress
Feb 10 2020 // Pamela Davis, president, founder and CEO for the Nonprofits Insurance Alliance (NIA), is on a mission to help nonprofits be successful at their mission by ensuring insurance is affordable and available. She started the...
Private Equity Still Driving Agency M&As
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
20 Things to Know About Surplus Lines Insurance in 2020
Feb 10 2020 // As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a...
Title Insurer Fidelity National to Acquire FGL Holdings
Feb 7 2020 // Fidelity National Financial Inc said on Friday it would acquire U.S. annuities and life insurance firm FGL Holdings Inc. in a deal valued at $2.7 billion, as it seeks to expand beyond its core title insurance...
Illinois’ Alera Group Names Santelli VP, Carrier Partner Management
Feb 7 2020 // Deerfield, Illinois-based Alera Group appointed Tina Santelli as vice president, Carrier Partner Management for Alera Group Employee Benefits nationally. Santelli will be responsible for leading key top-tier partnerships...
Wine ‘Smoke Taint’ Disputes Linger 2 Years After California Wildfires
Feb 7 2020 // Recent wildfires in California Wine Country, particularly those that devastated parts of Napa and Sonoma counties in October 2017, have focused attention on whether insurance covers smoke taint damage to grapes and...
Hong Kong Insurers Say Sales Have Fallen to ‘Almost Nothing’ Due to Coronavirus
Feb 6 2020 // For Hong Kong insurers, the coronavirus outbreak is a second blow. Already reeling from at-times violent demonstrations that slowed the flood of Chinese travelers — one of the biggest sources of new policyholders...
A Tale of Two Californias: Managing Wildfire Risk in the Year 2030
Feb 6 2020 // For most of the 20th century, the insurance industry considered wildfires to be little more than a benign nuisance. They occurred frequently but rarely resulted in more than a handful of claims, and underwriters priced for...
Update: Airline Flight Cancellations Due to Coronavirus
Feb 4 2020 // Feb 4 – Airlines are suspending flights to China in the wake of the new coronavirus outbreak. Here is the latest on their plans (in alphabetical order): AIR CANADA Air Canada said on Jan. 28 it was canceling select...
