Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Data Insight: More Insurers Expect to Boost Top Lines Than Headcount
Feb 20 2025 // Continuing a trend that’s persisted for several quarters, the latest Insurance Labor Market Study from Jacobson Group and Aon finds a big gap between the percentage of carriers expecting to boost top lines and those...
Federal Mortgage Insurer to Lay Off About Half Its Workforce
Feb 19 2025 // The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources...
Viewpoint: Are Carriers and MGAs Leaving Revenue on the Table?
Feb 19 2025 // Insurance companies spend billions of dollars a year on advertising—and for good reason. With auto insurance mandated in nearly every state and home insurance required by mortgage lenders, insurance product providers are...
Michigan Insurer In Talks to Settle Lawsuits Over Fired Workers and COVID-19 Vaccine
Feb 18 2025 // A major Michigan insurance company is in talks to possibly settle more than 100 lawsuits by employees who were fired after declining to get a COVID-19 vaccination, court records show. The disclosure comes three months...
Viewpoint: Insurers Risk Losing Out if They Ignore Embedded Insurance Opportunities
Feb 18 2025 // Embedded insurance is no longer just an emerging trend; it’s becoming a central strategy for retailers and non-insurance brands looking to enhance customer experience, drive loyalty, and generate new revenue...
2025 Insurance Carrier Appointment Renewals for Individual Producers
Feb 18 2025 // This post is part of a series sponsored by AgentSync. New Year, new resolutions, like growing your distribution channel while maintaining compliance! To help you stay on top of your initial appointments, AgentSync Manage...
AI-Assisted BPO: Transforming Submission Automation and RQB for Insurers
Feb 18 2025 // This post is part of a series sponsored by Selectsys. In today’s fast-paced insurance landscape, AI-assisted BPO is redefining operational efficiency, combining human expertise with AI-driven automation to enhance...
Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984
Feb 14 2025 // Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025. Convex said it...
Insurers Escape Coverage for Parents Accused of Hiding Son’s Murder Weapon
Feb 14 2025 // A Pennsylvania husband and wife are not covered by their homeowners or personal umbrella insurance policies for claims they inflicted emotional distress by hiding the gun their son used to kill a friend and thus delaying...
Insurers Have Now Paid Out Nearly $7B for LA Wildfires, Report Shows
Feb 13 2025 // Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last...
AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom
Feb 13 2025 // American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year for $200 billion...
Viewpoint: New Year, Old Challenges for European Insurers
Feb 13 2025 // The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation is still outpacing the Consumer Price Index, and we could see primary insurers...
Trenton Diocese Sues Four Insurers Over Coverage for Child Victim Claims
Feb 13 2025 // The Catholic Diocese of Trenton, New Jersey has sued its liability insurers over their alleged “failure and refusal” to agree upon a cost-sharing formula to deal with hundreds of sexual abuse claims brought...
California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims
Feb 11 2025 // California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires. The FAIR Plan reported it has...
Insurers Pay Record Claims for Weather-Related Damage in UK: ABI
Feb 11 2025 // Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in the United Kingdom, according to the latest data from the Association of British...
China Frees Possible $27 Billion From Insurers to Buy Gold
Feb 10 2025 // A pilot program in China that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally. Prices hit a fresh peak. Ten...
China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers
Feb 10 2025 // China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold sufficient capital and liquidity...
UMass Pays Out $10K After Tiff With Insurer Over Student’s Prize for Half-Court Shot
Feb 9 2025 // UMass said it would pay a student the $10,000 prize for a halftime promotion at a women’s basketball game after a dispute with an insurance company over whether he stepped over the line when he made a half-court...
Britain’s L&G Sells US Protection Unit to Japanese Insurer for $2.3 Billion
Feb 7 2025 // Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest...
Avolon, BOC Settle Lawsuit Against Insurers Over Stranded Russian Jets
Feb 7 2025 // Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have settled lawsuits in the Irish courts against insurers over jets stranded in Russia following Western sanctions in 2022, they said on...
