Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Aviva Says UK Demand for Private Health Jumped Amid NHS Strikes
May 25 2023 // UK insurer Aviva Plc said demand for private health care continued to surge as more individuals and companies look for alternatives to the National Health Service. Private health insurance sales grew 25% in the first...
With Digital Channels Insurers Impress Shoppers but Not Existing Customers
May 25 2023 // Though insurers do a good job attracting new customers shopping for policies via their digital channels, they fall short when it comes to servicing existing customers, a new industry report shows. Overall satisfaction with...
EU Sets Out Plans to Cut Price of Financial Products Offered by Banks, Insurers
May 24 2023 // The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial products to encourage investment and make its capital market deeper and more efficient. The retail...
Anti-ESG Rhetoric in U.S. Prompts Urgent Talks as Insurers Quit Climate Coalition
May 24 2023 // The world’s biggest climate coalition for insurers is set to hold emergency talks after a wave of defections revealed the extent to which anti-ESG rhetoric in the US is unsettling members. Signatories of the Net Zero...
UN Says U.S. Concerns Have Led to Insurers Quitting Climate Alliance
May 24 2023 // The United Nations Environment Programme on Wednesday said “recent discussions within the United States” had been behind four insurance firms quitting a UN-convened alliance aimed at reducing carbon emissions...
New England Health Insurer Still Dealing With Ransomware Attack
May 24 2023 // Point32Health, the parent company of Tufts Health Plan and Harvard Pilgrim Health Care, is still dealing with a ransomware attack it first reported on April 17. The company has now disclosed that patient information has...
Time Lag Does Not End Insurer’s Duty to Defend, Court Rules
May 24 2023 // A federal court in New York has reiterated that a time lag between the date a trip-and-fall accident occurred and when the conduct alleged to have caused it took place does not itself relieve an insurer of its duty to...
Update: Activist Investor Cevian Sells Entire Stake in UK Insurer Aviva
May 24 2023 // Activist investor Cevian Capital has sold down its entire stake in British insurer Aviva, ending its campaign to drive up investor payouts at the FSTE 100 company. Cevian said in a statement that Amanda Blanc and her...
How Much Should Insurers Trust AI Chatbots?
May 24 2023 // Powered by InsuranceJournal.tv Whether it’s underwriting, claims or customer service, it seems that artificial intelligence is top of mind for the insurance industry right now. William Bennett, partner at law firm...
Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding
May 23 2023 // Elon Musk’s SpaceX and Unipol Gruppo agreed to join forces to help people hit by flooding in northern Italy connect to the Internet, facilitating rescue operations, the Italian insurer said on Saturday. Torrential...
Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore
May 23 2023 // Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models...
Swiss Re Becomes Fourth Insurer to Leave Net Zero Group
May 23 2023 // Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry’s biggest companies. The world’s second-largest reinsurer is now...
Insurers Latest Target of U.S. AGs ESG Antitrust Concerns
May 22 2023 // Insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising potential legal concerns that might arise from their commitment to collaborate with...
23 State Attorney Generals Concerned About Insurer Climate Commitments
May 18 2023 // Nearly two dozen GOP Attorney General offices sent a letter to the Net-Zero Insurance Alliance seeking documents and information over “legal concerns brought about by commitments to collaborate with other insurers in...
Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts
May 17 2023 // In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2 billion, a premium ranking shows two carriers growing more than 150% to landing in prominent...
Washington Commissioner Fines Airbnb for Acting as Unauthorized Insurer
May 16 2023 // Washington Insurance Commissioner Mike Kreidler fined Airbnb $20,000 for acting as an unauthorized insurer in the state. Kreidler also ordered the vacation rental company to obtain a surplus lines insurance policy to...
Property Insurer SageSure Turns ‘Unicorn’ After $250M Funding Round
May 16 2023 // SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters. A unicorn is a startup that is valued at or above $1...
Broadway Theaters, Insurer Agree to End COVID-19 Business Loss Claims
May 16 2023 // An owner of Broadway theaters and Pacific Indemnity Insurance Co. have voluntarily agreed to end their remaining litigation over COVID-19 coverage claims. Under the stipulation filed May 11, each party will bear its own...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21
May 16 2023 // Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, P/C insurers performed well in 2022, according to the latest report on the long-term impairment rates of AM Best-rated,...
Some Florida Insurers Stop Altering Adjuster Reports, But Many Claims Still Not Paid
May 16 2023 // Even before the Florida Legislature adopted the Insurer Accountability Act of 2023, requiring insurers to stop altering independent adjusters’ damage estimates without providing transparency, a number of Florida...
