Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest
Oct 9 2024 // Executive Summary: Insurers and reinsurers are responding to heightened risks of civil unrest with better calculations of their probable maximum losses, careful risk pricing, clear contractual wordings, and by using new...
Why Homeowners Insurers Are Unprofitable and What To Do About It: Aon
Oct 8 2024 // A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers...
Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report
Oct 7 2024 // Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to CCC Intelligent Solutions...
A Better Customer Experience: What Agents Should Expect from Insurers
Oct 7 2024 // In today’s competitive insurance environment, successful independent agencies have focused on building their agency’s brand. To that end, agents must focus on working with insurance companies whose service...
Agent Satisfaction With Insurers Holds Strong; Erie Tops for Personal Lines
Oct 2 2024 // Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching...
Global Insurers Fight London Court Battle Over Jets Seized in Russia
Oct 2 2024 // Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia since the invasion of Ukraine two years ago, lawyers for aviation...
Employer, Workers’ Comp Insurer, Survivor Join Baltimore Bridge Collapse Litigation
Oct 2 2024 // The road construction firm that employed six workers who were killed and another who was seriously injured in the collapse of Baltimore’s Key Bridge, along with its workers’ compensation carrier, have filed...
Cargo Carriers Fear Port Strike Will Paralyze Half of US Trade
Sep 30 2024 // The world’s top container carrier is urging customers to move US cargo through East and Gulf Coast ports before the planned start on Tuesday of a dockworker strike that threatens to paralyze as much as half the...
Markets/Coverages: Guernsey Insurer Paratus to Offer Renewable Power Insurance
Sep 27 2024 // Paratus Holdings Ltd., the Guernsey-based re/insurance group, announced that Paratus Renewables Insurance Ltd. has been granted regulatory approval by the Guernsey Financial Services Authority (GFSC) to provide insurance...
India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data
Sep 26 2024 // Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policyholders. The...
Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods
Sep 25 2024 // The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in September, will be the most severe flood event in about a decade, carrying an insurance price tag of an...
US Court Declines to Dismiss Mandarin Hotel COVID-19 Claim Against Insurers
Sep 25 2024 // Insurers have failed to win dismissal of a federal COVID-19 business interruption lawsuit against them by the luxury hotel chain Mandarin Oriental. Judge John P. Cronan of U.S District Court in New York found that...
Mutually Beneficial: How One Midwest Mutual Insurer Recovered From Financial Storms
Sep 24 2024 // When Iowa mutual GuideOne Insurance began assessing ways to add an infusion of capital to strengthen its balance sheet, the company went to the usual places a mutual of its size might turn to for financial...
Lloyd’s Syndicate Firm Launches Professional Liability Insurer, Based in Charlotte
Sep 23 2024 // Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance...
Couple Accused of Using Theater Group’s Credit Card Settles With Insurer
Sep 23 2024 // A Connecticut couple who previously lived in Tampa, Florida, has agreed to settle a subrogation lawsuit brought by Philadelphia Indemnity Insurance Co., which accused the couple of using a nonprofit theater group’s...
Insurers End ‘Cats’ Fight
Sep 20 2024 // Two insurers have settled their dispute over coverage involving a touring company for the musical “Cats” and an employee who was seriously injured on the set at a Providence theater in 2019. The Providence...
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best
Sep 20 2024 // The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity,...
Japan’s Non-Life Insurers Must Cut Cross-Shareholdings to Zero, Industry Group Says
Sep 19 2024 // A trade group representing Japan’s biggest non-life insurers said on Thursday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero. The General Insurance...
Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India
Sep 18 2024 // Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue...
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk
Sep 18 2024 // Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those...
