Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Future Profit Models for Insurers and Their Agent/Broker Partners
Jun 20 2022 // I read an article written by a former carrier CEO who is now a consultant and private equity backer to insurance ventures. The main point of the article was that insurtech, or any paradigm shifting insurance entity, will...
Insurers, Self-Insureds Facing $9 Billion in Black Lung Liabilities
Jun 20 2022 // The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black lung occupational disease claims have ballooned –...
Inflation Is Inevitable. Why Are Property Insurers Unprepared?
Jun 20 2022 // I remember when it became clear that the economy was barreling toward an inflationary period the likes of which the United States hasn’t experienced in 40 years. It was Christmas 2020. My extended family was gathered...
From Pandemic to Cyber War, Clear Policy Wording Is Key for Insurers
Jun 15 2022 // Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn’t the first time in recent history...
UK Insurers Need to Consider Climate Change Risks: Accounting Watchdog
Jun 15 2022 // The UK’s accounting watchdog is proposing new rules for insurance companies to make sure actuaries factor in climate change risk. “As the importance of climate change risks continues to grow it is critical that...
Three Nominees for Florida Supreme Court Appear to Lean the Insurer Way
Jun 15 2022 // Some Florida insurers may feel like they didn’t score a home run with the recent property insurance reform measures signed into law in May. But they could soon see a friendly umpire on the state Supreme Court, likely...
Insurers Increasingly Concerned for Western U.S. Wildfire Season
Jun 14 2022 // As Western wildfires force evacuations in Arizona and California – on the heels of an early and severe wildfire season in New Mexico – insurers are increasingly eyeing the growing risks. “Insurers are very much...
5th Circuit Allows Insurer to Recoup Payment for Damage to Docking Facility
Jun 14 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...
People Moves: SiriusPoint Names Heerasing UK Country Branch Mgr; Re/Insurer IQUW Offers Crisis Mgmt Product With Team Led by Talbot’s Atkinson
Jun 13 2022 // This edition of International People Moves details appointments at Bermuda-based re/insurer SiriusPoint and London headquartered re/insurer IQUW. A summary of these announcements follows here. SiriusPoint Names Heerasing...
Black Sea Mine Removal Needed Before Ukraine Grain Can Be Shipped, Insurers Return
Jun 13 2022 // As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will take months to resolve...
Policy Doesn’t Obligate Insurer to Cover Prevention Costs. Should Common Law?
Jun 13 2022 // A salad dressing maker is seeking coverage from its insurer for costs it incurred in preventing a shutdown of one of its processing plants due to a pollution event. Massachusetts-based Ken’s Foods maintains its...
African Insurers and Banks Form Alliance to Tackle Biodiversity Crisis
Jun 10 2022 // Many of Africa’s biggest banks and insurers have joined forces to tackle the continent’s biodiversity crisis while at the same time working out how to cash in on opportunities arising from it. The African...
World’s Biggest Re/Insurers Expanding in Africa, but Climate Change Could Hit Profits
Jun 10 2022 // The world’s biggest insurers are expanding in Africa, looking to tap growth promised by a rising population and middle class, but climate change could complicate their quest for profits. With Western markets...
Insurers, Self-Insureds Now Facing $9B in Black Lung Liabilities, Milliman Says
Jun 9 2022 // The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black lung occupational disease claims have ballooned – to...
Insurers Must Be Better Prepared for Impact of Climate Change: BoE
Jun 8 2022 // Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and further work may be needed on how much capital they should hold, the Bank of England (BoE) said on...
Mauritius’ Biggest Insurer Seeks to Expand Market Share in East Africa
Jun 7 2022 // Mauritius’s biggest insurer, having won a $10 million investment from France’s Proparco this month, is aiming for a 10% market share in a number of East African markets after outgrowing its Indian Ocean island...
Homeowners Can Record Insurance Company Adjusters’ Inspections, Florida Court Says
Jun 7 2022 // Homeowners and public adjusters may now feel a little more emboldened to record an insurance adjuster’s inspection of a home, after a Florida appeals court ruled in favor of the practice last week – the third such...
Global Re/insurers See Average Premium Increases of 11% in Q1
Jun 6 2022 // Premium growth during the first quarter of 2022 saw an average increase of 11%, which was supported by continued favorable pricing for commercial insurance lines and reinsurance business, according to a report from...
Memo to Brokers; Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator
Jun 6 2022 // Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an executive at the insurer...
Munich Re Issues Green Bond in U.S. Market — a First for European Insurer
Jun 6 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has sucessfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing...
