Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Louisiana Judge: State Can’t Order Insurers to Pay Ida Evacuation Expenses
Jul 13 2022 // A Louisiana judge ruled last week that the state’s insurance commissioner’s directive ordering insurers to pay policyholders’ Hurricane Ida evacuation expenses is invalid and unenforceable. Judge Patrick...
Insurance Company Poised to Drop Idaho County’s Coverage
Jul 13 2022 // An insurance company that covers counties and other public entities in Idaho says it won’t renew Canyon County’s insurance policy because of increasing risks and a high volume of claims. The Idaho Counties Risk...
Specialty Insurer Mosaic Opens for Business in Canada With Fraser at Helm
Jul 13 2022 // Mosaic Insurance is opening an office in Toronto, Ontario and has hired Ian Fraser to spearhead the company’s expansion into the Canadian specialty insurance market. Fraser joins as president of Mosaic Insurance...
Nebraska Court: Ambiguous Policy Language Requires Insurer to Pay for Renovations
Jul 12 2022 // An ambiguous “extra expense” provision in a commercial property insurance policy requires the insurer to pay for new equipment that a grocery store and delicatessen needed for a new location after its former...
Digital Insurer Ranger Raises $5.25M With Assist From A-Rod for Agent Platform
Jul 11 2022 // Digital insurer Ranger said it just closed a $5.25 million seed round to further its development of a digital platform that promises to modernize the role of insurance agents, evolving their role into a home protection...
Insurers Wrangle Over Amber Heard Defamation Costs
Jul 11 2022 // A little over a month after a jury found that actress Amber Heard had defamed ex-husband Johnny Depp, one insurer of Heard is asking a court to rule it has no obligation to indemnify her. New York Marine and General...
China Regulator Says Banks, Insurers to Go ‘All Out’ to Bolster Lending
Jul 11 2022 // An official at China’s banking and insurance regulator said authorities will use policy tools “flexibly and precisely” at proper times to stabilize the economy, while banks and insurers will “go all...
North Carolina Appeals Court Overturns COVID Coverage Ruling Against Insurer
Jul 7 2022 // A North Carolina appellate court has overturned a rare win by businesses seeking to compel insurance coverage for their COVID-19 shutdown losses. In North State Deli et al vs. The Cincinnati Insurance Co., a three-judge...
Markets/Coverages: Lloyd’s Insurer Probitas Starts Underwriting Cyber
Jul 7 2022 // Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up...
Insurer’s Good Deed Restarts the Clock on Benefits, Carolina Appeals Court Finds
Jul 5 2022 // Insurers might say this one falls in the category of “no good deed goes unpunished.” In a workers’ compensation decision published July 5, the North Carolina Court of Appeals held that the re-issuance of...
Stricken Bulk Carrier Remains Stranded Near Sydney as Rescue Efforts Fail for 21 Crew
Jul 5 2022 // Twenty-one crew members remain aboard a bulk carrier which lost power in turbulent waters near Sydney, after overnight rescue attempts failed. The MV Portland Bay, which has been without power since early Monday, has been...
5th Circuit Allows Insurer to Recoup Payment for Damage to Docking Facility
Jul 4 2022 // A doctrine that prevents parties from seeking reimbursement for intangible economic losses caused by maritime negligence doesn’t prevent an insurer from recouping $1.7 million it paid to a policyholder for damage to...
2022 Super Regional P/C Insurers™; Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers
Jul 4 2022 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2021 data for property/casualty...
Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition
Jul 4 2022 // Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. Lori Bailey “We’re all trying to...
Governor, Florida Cat Fund Board Agree to Raise Premiums for Insurers
Jul 1 2022 // Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium increase. The fund’s governing body, the State Board of Administration, this...
More Insurers to Offer Better D&O Coverage to Businesses With Robust ESG Frameworks: Marsh
Jun 30 2022 // Marsh announced today several enhancements to directors and officers liability (D&O) insurance offerings that could enable more clients to benefit from superior environmental, social, and governance (ESG)...
Report: California Workers’ Comp Insurer Losses Were up in 2021
Jun 30 2022 // Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today. The Workers’ Compensation...
Rochester Diocese, Insurers Plan for January Hearing on $147M Sexual Abuse Settlement
Jun 30 2022 // Insurers and the Roman Catholic Diocese of Rochester have agreed on a schedule for discovery and a bankruptcy court trial regarding a proposed $147 million settlement to cover sex abuse claims against the church. The...
EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association
Jun 30 2022 // EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing platform to non-members and apply fair criteria to access it aimed at averting a...
Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation
Jun 30 2022 // Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told Reuters, as insurers seek a new mechanism to protect their capital...
