Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
French Mutual Insurer Covéa Eyes Purchase of AXA XL’s Reinsurance Business: Reports
Jun 28 2021 // Covéa, the French non-life mutual, is interested in acquiring AXA XL’s reinsurance business, AXA Re, in a deal that could be valued at €5 billion, according to press reports. The news story, which originally...
Dutch Insurer NN Group Offers to Buy Part of MetLife’s European Businesses
Jun 28 2021 // NN Group NV offered to acquire part of MetLife Inc.’s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets. The Dutch insurer said in a...
Japanese Insurers Struggle with Climate Change Cost Estimates
Jun 25 2021 // TOKYO – As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from current...
Explaining Climate Change and Financial Disclosure for Insurers
Jun 25 2021 // TOKYO – Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort made difficult by the long timeframe and a lack of data for making credible predictions. Non-life insurer...
Bezos’ 2021 Space Odyssey Is a Risk Too Far for Insurers
Jun 25 2021 // Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers. Amazon CEO Bezos, a lifelong...
Insurors Indemnity Ratings Unchanged by Colonial Lloyds Announcement: AM Best
Jun 23 2021 // AM Best says the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Insurors Indemnity Companies (Insurors Indemnity), based Waco, Texas, remain unchanged...
Latest Boy Scouts Bankruptcy Plan Increases Victims’ Fund, Drops Insurer’s $650M Offer
Jun 23 2021 // The latest bankruptcy plan filed by the Boy Scouts of America increases the contributions from the BSA and its local councils to a proposed trust fund for child sex abuse victims while appearing to back away from a...
Insurer Begins Accepting Cryptocurrency for Premium Payments
Jun 23 2021 // Michigan-based Universal Fire & Casualty Insurance Co. has started accepting cryptocurrency for premium payments. The company, which insures small businesses and offers surety bonds products, says the move is to...
Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide
Jun 23 2021 // Powered by InsuranceJournal.tv As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs can step in and help insurers navigate the ever changing digital...
Insurers, Owners of Seized Ship Reach Agreement in Principle with Suez Canal Authority
Jun 23 2021 // ISMAILIA, Egypt – A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with...
Europe’s Insurers Expect Robust M&A Activity and Strong Earnings in 2021: Moody’s
Jun 22 2021 // Europe’s insurance industry is emerging from the coronavirus crisis with a stronger appetite for mergers and acquisitions (M&A), along with expectations for strong earnings growth in 2021, according to...
Regulator Objects But Court Clears Bid for $200M From Liquidated Insurer’s Owners
Jun 22 2021 // Creditors who say they were swindled out of more than $200 million by the former owners of the liquidated CastlePoint group of insurance companies may proceed with most of the claims they made in a New York lawsuit, a...
Newspaper Carrier Confronted by Washington Sheriff Seeks $5M in Damages
Jun 21 2021 // A Black newspaper carrier confronted by Pierce County Sheriff Ed Troyer in Washingotn has filed a legal claim seeking at least $5 million in damages. Attorneys representing Sedrick Altheimer submitted the tort claim...
Supreme Court Turns Away Insurers’ Bid Over Obamacare Reimbursements
Jun 21 2021 // The U.S. Supreme Court on Monday declined to hear a bid by health insurance companies to seek a full reimbursement from the federal government under a provision of the Obamacare law aimed at encouraging them to offer...
Connecticut Casinos Sue Insurer Over COVID-19 Losses
Jun 21 2021 // The Native American tribe that owns Connecticut’s Mohegan Sun casino is suing its insurance carrier over what it says was the denial of claims for millions of dollars in losses caused by the COVID-19 pandemic. The...
7 Major Cyber Insurers Form Company to Coordinate Cyber Analysis, Risk Mitigation
Jun 21 2021 // With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers have formed a company to pool their data and expertise and take...
P/C Insurers’ Underwriting Income Fell 53% in First Quarter: AM Best
Jun 21 2021 // The U.S. property/casualty industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same prior-year period, according to preliminary financial results analyzed by AM Best. Increased...
Forgotten Your Passwords? They Soon May Be Lost Altogether – with Insurers’ Help
Jun 21 2021 // The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. While a shocking statistic, when you learn that the most popular password of 2020 was “123456,” this...
Insurers Can’t Mandate Use of Designated Auto Repair Shop, Arkansas Commissioner Says
Jun 21 2021 // Arkansas Insurance Commissioner Alan McClain has reminded insured Arkansans seeking automobile repairs that insurance companies cannot require automobile repairs be done at a specific repair shop. “If an insurer...
Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling
Jun 18 2021 // Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring piece of evidence that there’s ample cause for concern is this: those who will...
