Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Mom Hopes Insurers Take Note of $77M Verdict Against Georgia Addiction Center
Sep 9 2022 // Nick Carusillo died when he was hit by multiple vehicles on a Georgia interstate, just days after he was abruptly discharged from an addiction treatment center. Now his parents hope a substantial jury verdict in their...
South African Premiums to Rise as Insurers Face Growing Flood, Fire Risks: Sanlam
Sep 8 2022 // South Africans could soon be paying as much as 5% more on their premiums as insurers face growing risks both globally and locally. The country is now considered “very risky” due to mounting flood and fire...
Aon Launches Strategy and Technology Group, Aiming to Build Re/Insurer Resilience
Sep 8 2022 // Aon plc, the global professional services firm, has launched a Strategy and Technology Group (STG) to bring together a wide range of expertise and technology solutions — designed to help property & casualty and...
New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities
Sep 8 2022 // Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities on evidence that BofA was a “bad actor” before the 2008 financial...
California Commissioner Wants Discounts from Insurers in New Wildfires Framework
Sep 7 2022 // California Insurance Commissioner Ricardo Lara on Wednesday submitted an insurance pricing regulation to the California Office of Administrative Law to recognize and reward wildfire safety and mitigation efforts made by...
Asian Insurer FWD Eyes Hong Kong IPO in 2023: Sources
Sep 7 2022 // FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for its long-awaited Hong Kong initial public offering, according to people familiar with the matter. FWD, which...
Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing
Sep 7 2022 // Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s...
Effects of Inflation on the Insurance Industry from Insurers to Insureds
Sep 7 2022 // This post is part of a series sponsored by AgentSync. If you’ve visited a grocery store lately, you’re well aware that the price of everything is going up. Way up. After about 14 years of consistently low...
Officers Exempt from Workers’ Comp But Some Carriers Charging Anyway?
Sep 5 2022 // Tradespeople who call themselves and their workers “independent contractors” have long been an issue for the workers’ compensation industry, often cutting carriers out of premium and leaving injured...
People Moves: Zoidis Named CEO of Attain Insurance Companies; Wagner Joins Alliant as First VP
Sep 1 2022 // Atain Insurance Companies Name Chris Zoidis CEO H.W. Kaufman Group, a privately held, global specialty insurance and financial organization, announced the promotion of Chris Zoidis to President & CEO, Atian Insurance...
Insurer Loses $500K in Beer Pong Challenge by Badly Misplaying Liquor Liability Claim
Sep 1 2022 // An insurer that mishandled a liquor liability claim resulting from a fight after a beer pong tournament has discovered the tab is considerably bigger than it first thought. Hospitality Mutual Insurance Co. will have to pay...
SEC Charges Lindberg Misappropriated $75M from His Insurance Companies
Aug 31 2022 // One day after a judge set a new trial date for former Carolina insurance executive Greg Lindberg’s bribery case, the U.S. Securities and Exchange Commission charged that Lindberg and an associate had defrauded...
Breaking Down Inflation’s $30B Impact on Insurers Line By Line
Aug 31 2022 // Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through personal lines. In an...
Comp Insurers Object to Florida Hospital Payments Set at 2x U.S. Average
Aug 31 2022 // The Florida Division of Workers’ Compensation appears to be intent on pushing the ball across the goal line on a long-awaited revision to hospital reimbursement rules, despite concern from insurers that some rates...
Taking Advantage of Just-In-Time Carrier Appointments
Aug 31 2022 // This post is part of a series sponsored by AgentSync. While we have a variety of ways that we use data to innovate, one trend we’ve seen that brings tech advances right alongside changes in state regulation is using...
Swiss Health Insurer Under Fire for Offering Discount to Members of Pro-Life Group
Aug 26 2022 // Swiss-based health insurance company Helsana AG came under fire this week for offering a 10% discount to members of the Pro Life Switzerland organization. Members of the Social Democratic Party of Switzerland wrote a...
Louisiana Dept. of Insurance Fines Public Adjuster Accused of Pocketing Insurer Payouts
Aug 25 2022 // The Louisiana Department of Insurance has ordered a Texas father-and-son public adjusting team to pay a $50,000 fine for pocketing money that was intended for insurance claimants. The department on Aug. 18 revoked the...
Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power
Aug 24 2022 // A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers during the pandemic, causing customer satisfaction to decline...
People Moves: Hyde to Lead Erie DEI; Hilb Names Cohen Carrier Relations Head; Trokan Westfield’s Head of Cyber; 3 Senior Hires at Magnolia Grove
Aug 23 2022 // Erie Insurance names diversity, equity and inclusion leader Lance Hyde to VP role Erie Insurance has named Lance Hyde to the role of Vice President of Diversity, Equity and Inclusion (DEI). Hyde brings more than 15 years...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData
Aug 23 2022 // Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability of property/casualty insurers in 2022-24, according to the London-based data and analytics company...
