Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Kemper Eyes Rate Hikes, Agency Cancellations to Regain Footing After Q4 Fall
Feb 3 2022 // Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled fourth quarter financial results. Kemper Corp. reported a net loss of $105.8 million...
Eighth Circuit: Insurer Has No Duty to Defend Janitorial Service Workplace Discrimination Suit
Feb 3 2022 // The United States Court of Appeals for the Eighth Circuit said that an insurer does not have to provide coverage to a St. Louis, Missouri janitorial service company for a workplace discrimination lawsuit, affirming a...
Louisiana Department of Insurance Fines Auto Insurer $350,000 Over Improper Activity
Feb 2 2022 // Auto insurer Lyndon Southern Insurance Company has paid a maximum $350,000 fine after the Louisiana Department of Insurance performed a comprehensive market conduct examination of the company and found 32 instances of...
Florida Senate Committee Approves Actual-Cash-Value Roof Bill
Feb 2 2022 // It came later than some had expected, but Florida’s Senate Banking and Insurance Committee on Wednesday passed a much-anticipated bill that aims to close gaps left by last year’s insurance reform...
Insurers Grapple With Uncertainty Around Catastrophic Cyber Risk
Feb 2 2022 // Powered by InsuranceJournal.tv Much uncertainty exists around catastrophic cyber threats, and for an industry so focused on analyzing risk, that’s a big challenge, experts say. Some of the recent cyber attacks on...
Washington Commissioner Adopts 3-Year Credit Scoring Ban, Proposes Transparency Rule
Feb 1 2022 // Washington Insurance Commissioner Mike Kreidler has adopted his rule banning insurers from using credit information to set auto, homeowner and renter insurance for three years. Kreidler’s rule temporarily banning...
Louisiana Commissioner: Insurers Have Paid or Reserved $10.5 Billion in Ida Claims
Feb 1 2022 // Insurers have paid or reserved $10.5 billion on all types of Hurricane Ida-related claims in Louisiana through the end of 2021, Insurance Commissioner Jim Donelon said in a release Jan. 31. The Louisiana Department of...
Cyber MGA Resilience Forms Captive Insurer in Bermuda
Feb 1 2022 // Cyber insurance and security provider Resilience Cyber Insurance Solutions has created a captive reinsurance company. Through the Bermuda-based captive, Resilience will retain a share of each risk it underwrites. CJ...
Insurers Could Get Lower Rates on Liquidity with Bills in States
Feb 1 2022 // Many in the insurance industry may think of the Federal Home Loan Bank as an agency that facilitates affordable mortgages for homes. The system, founded in the waning days of the Herbert Hoover administration to support...
Insurers Deploy Predictive Analytics, Artificial Intelligence in Fraud Fight
Jan 31 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...
Insurers Making Waves with Wider Use of IoT Leak, Temp Sensors
Jan 31 2022 // Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That’s...
Insurer Looks to Close Insurance Gap for Home-Based Businesses
Jan 28 2022 // It seems more and more budding entrepreneurs have followed the allure of starting a home-based business, so much so that it is estimated that half of the 30 million small businesses in the U.S. are home-based. AXIS...
Insurers Call California Climate Disclosure Bill ‘Potentially Dangerous’
Jan 27 2022 // An insurer group is unhappy with new legislation to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil fuel-related companies and projects...
Insurers Return Nearly $25 Million to Missouri Customers
Jan 27 2022 // The Missouri Department of Insurance announced that consumers received nearly $25 million from their insurance companies in 2021 thanks to the services provided by the department’s Consumer Affairs Division and...
UK Insurer First Central Weighs Sale That Could Value Business at £600M: Sources
Jan 27 2022 // British insurer First Central Group Ltd. is considering a sale that could value the business at about 600 million pounds ($800 million), people with knowledge of the matter said. First Central Group is working with...
How Insurers Can Build Operational Resilience With Low-Code Application Programs
Jan 27 2022 // The global pandemic has shown how vital it is for firms to understand the services they provide and to invest in their operational resilience. While COVID has accelerated the insurance industry’s digitalization,...
Tennessee Doc Pleads Guilty Then Sues Insurer After Clinic Burns Down
Jan 26 2022 // A Tennessee doctor who pleaded guilty to running a pill mill has now filed suit against his property insurance carrier for failing to pay after a suspicious fire destroyed his clinic. Dr. David Bruce Coffey of Oneida, in...
Weston Companies Merge to Form Cat-Focused P&C Insurer
Jan 26 2022 // Weston companies are one. Company officials recently announced that Florida-based Weston Insurance Co. and Weston Specialty Insurance Co. have merged to form Weston Property & Casualty Insurance Co. The new firm has...
World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It
Jan 26 2022 // If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives are...
California Bill Would Require Insurers to Disclose Fossil Fuel Dealings
Jan 25 2022 // California Assemblyman Marc Levine (D-Marin County) on Tuesday introduced a bill to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil...
