Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Privacy Exclusion Protects Insurer from $60 Million Class Action
Jun 4 2019 // A federal judge in Florida has ruled that a policy exclusion for invasion of privacy claims relieved an insurer of any responsibility for a $60 million settlement against a Boca Raton company for violations of the...
North Carolina School System Settles Tornado Damage Claims with Insurer for $10M
Jun 3 2019 // More than a year after a tornado struck, a North Carolina school system says it’s reached a $10 million settlement with its insurance company for damage to three schools. The News & Record of Greensboro reports...
5 Areas of School Liability to Watch
Jun 3 2019 // Lilian A. Vanvieldt, senior vice president, educational entities practice leader for Alliant, has spent more than three decades insuring schools across the country. Her book spans from the small school district in Maine...
Resolving Claim Disputes: Step 0
Jun 3 2019 // Resolving claim disputes involves a four-step process of reading, researching, documenting, and pleading your coverage position. This process evolved from a series of seminars I introduced in the ’90s. However, when...
Texas Windstorm Insurer Withdraws 10% Rate Increase Filing
Jun 3 2019 // By Stephanie K. Jones Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was...
FCC: Wireless Carriers Were Ill-Prepared for Hurricane Michael Outages
May 31 2019 // A Federal Communications Commission report says wireless carriers’ poor preparation and coordination lengthened communication outages in the Florida Panhandle after Hurricane Michael. The Panama City News Herald...
Lawyers Professional Liability Insurance Claims Grow in Severity, Complexity, Cost
May 31 2019 // The number of legal malpractice claims resulting in larger multimillion dollar payouts – as well as the dollar amounts involved – has surged in the past year, with at least two settlements exceeding $250...
Allianz Expansion Plan Includes $1 Billion for UK Insurers
May 31 2019 // Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The Munich-headquartered company agreed...
State of Emergency Declared in Ohio; Insurers Asked to Allow Deferred Payments
May 30 2019 // Ohio Insurance Director Jillian Froment has issued a bulletin to all insurance companies and other entities transacting the business of insurance in the state to allow leeway to insurance consumers in counties covered by a...
Captive Insurers Grow Their Third-Party Business with Help from Digital Tools: Marsh
May 30 2019 // The number of captive insurance companies writing third-party business is growing at double-digit pace as the digital era expands the ways that organizations can provide and service insurance, according to global insurance...
8 Considerations for Buyers and Sellers of Insurance Agencies
May 30 2019 // Insurance agency acquisitions and deal values are near an all-time high and all expectations are that deal flow in 2019 will match or exceed last year’s numbers. And while reported numbers tend to skew towards larger...
California Commissioner Wants Insurers to Extend Living Expense Coverage for 2017 Wildfire Survivors
May 29 2019 // California Insurance Commissioner Ricardo Lara on Wednesday announced two new actions intended to assist survivors of the 2017 North Bay Fires who are facing unavoidable delays in rebuilding. The California Department of...
Insurers Face Minimal Losses from Peru and Ecuador Earthquake: A.M. Best
May 29 2019 // A.M. Best said it does not foresee a major impact to the domestic insurance markets in Peru or Ecuador following a significant earthquake centered in Peru that also affected several provinces in neighboring Ecuador. On May...
Lawsuit: Insurer Says No-ah to Kentucky Ark Attraction’s Rain Damage Claim
May 28 2019 // In the Bible, the ark survived an epic flood. Yet the owners of Kentucky’s Noah’s ark attraction are demanding their insurance company bail them out after heavy rains caused nearly $1 million in property...
Title Insurer First American Says App Defect May Have Exposed Customer Data
May 28 2019 // U.S. real estate title insurance company First American Financial Corp. said on Friday it had learned of a design defect in one of its production applications that had made possible unauthorized access to customer...
Keyless Car Crime Drives 20% Hike in UK Motor Theft Claims in 1st Quarter
May 28 2019 // The cost of UK motor theft claims paid by insurers in the first quarter rose by more 20% from the same period last year, according to the Association of British Insurers (ABI). The ABI report revealed that the number of Q1...
Texas Windstorm Insurer Withdraws 10% Rate Increase Filing
May 28 2019 // Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was subsequently put on...
Issuer Credit Rating Outlook Revised to Stable for Church Mutual Insurance Group
May 28 2019 // AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” of...
Insurers Gaining, Banks Losing Ground in Finance, Says European Central Bank Governor
May 28 2019 // The role of banks as providers of finance has started to erode in Europe and some other parts of the world, the Bank of Finland’s governor Olli Rehn said on Friday, calling for new central bank tools to safeguard...
Rochester Property Owner Indicted for Defrauding Banks, Insurance Companies
May 24 2019 // Prominent upstate New York landlord Robert Morgan is charged in a 114-count federal indictment with defrauding banks and insurance companies out of millions of dollars by inflating property values and insurance claims...
