Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Small Business Revolution
Mar 7 2022 // Optimism, Resiliency Open New Doors for Sector Sector Buoyed by Record Start-Ups, Pandemic Resiliency The global pandemic, economic recession and worldwide supply chain shortages have not hindered the optimism and drive of...
Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate
Mar 7 2022 // The U.S. Supreme Court has been asked to address whether the federal drug law that criminalizes possession of marijuana invalidates state orders requiring employers and their workers’ compensation insurers to pay for...
Russian Cyberattacks May Test Insurer War Exclusion Policy Language
Mar 4 2022 // The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally that offer cyber coverage, the majority of which is underwritten in North...
China Instructs State Insurers to Review Exposure to Russia, Ukraine
Mar 4 2022 // China has told top state insurers to perform urgent checks on their exposure to Russia and Ukraine, as concerns swirl about the damage to the two economies amid intense fighting, according to two sources and documents seen...
London Halts Stocks, Trade Insurers Withdraw Cover as Isolation of Russia Intensifies
Mar 4 2022 // Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities and some insurers withdrew cover from exporters over Moscow’s...
Florida DFS Takes Action Against Public Adjuster Insurers Had Crossed With
Mar 4 2022 // After several months of investigation, Florida regulators have filed an official action against a public adjuster that insurance companies had complained about, a move that could soon lead to the suspension of his license...
Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board
Mar 4 2022 // Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there. Generali said...
Delaware Regulator Urges Ban on Gender-Based Auto Insurance Rating
Mar 3 2022 // The Delaware Insurance Department has issued a report critical of the use of gender in auto insurance rating and concluding that the state should end the practice as six other states have done. The report found that...
Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions
Mar 3 2022 // British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after the vessels were listed by the U.S. Treasury as part of broader sanctions, West...
Could the Ukraine Crisis Move Florida to Fix Its Insurance Crisis?
Mar 2 2022 // With the March 11 scheduled close of its regular session fast approaching, the Florida Legislature remains so focused on putting the finishing touches on its various culture-war signaling bills that one might think...
Arkansas Medical Supply Owner, CEO Indicted For Allegedly Conspiring to Defraud Workers’ Comp Insurers
Mar 2 2022 // Both the former owner of a Rogers, Arkansas-based medical supply and billing company and its former chief executive officer have been indicted by a federal grand jury for their roles in three separate conspiracies to...
It’s Time to Think About the Future of Producer Management
Mar 2 2022 // This post is part of a series sponsored by AgentSync. The insurance industry is riding a wave of insurtech and other digital advancements because there is a dire need to transform manual processes that have long hampered...
Oklahoma Insurance Dept.: Insurers Must Notify Policyholders of Triggering Events Upon Renewal
Mar 1 2022 // Oklahoma Insurance Commissioner Glen Mulready informed all property and casualty insurers authorized to do business in the state that upon renewal of an existing policy, each Oklahoma policyholder must receive notice...
Indian Court Blocks Struggling Future Enterprises Sale of Stake in Insurer Generali
Mar 1 2022 // An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two...
Kansas Court Rules Insurer had No Duty Pay Policy Limit Before Demand Was Made
Feb 28 2022 // A claims adjuster’s sub-standard investigation of a potential fatal accident claim does not warrant a multi-million award of damages against an insurer that issued a policy with a $25,000 limit, the Kansas Court of...
Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate
Feb 28 2022 // The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state orders requiring employers and their workers’ compensation insurers to pay for...
Washington School Bus Carrier Could be Fined $364K for Safety Violations
Feb 28 2022 // Washington state regulators found more than 600 safety and procedural violations by school bus carrier First Student in the past two years, dozens of which persisted for years after company officials were warned of the...
New Mexico Archdiocese Sues Insurers Over Sexual Abuse Coverage
Feb 28 2022 // One of the oldest Roman Catholic dioceses in the U.S. is suing four insurance companies over claims that they haven’t fulfilled contracts to provide liability coverage for sexual abuse complaints. The Archdiocese of...
Facing Antitrust Charges, Irish Insurer Group to Unlock Platform for Nonmembers
Feb 28 2022 // Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to nonmembers and apply fair criteria to access it in an attempt to end a near-three EU antitrust investigation and stave...
India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source
Feb 28 2022 // India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed at easing the listing of the...
