Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

People Moves: Scully Appointed President of Automobile Insurers Bureau

Jan 23 2025 // William H. Scully The governing committee of the Automobile Insurers Bureau of Massachusetts (AIB) appointed William H. Scully as president. Scully served as interim president succeeding Kim A. Barber who retired in April...

China Guides Mutual Funds, Insurers to Invest More in Stocks

Jan 23 2025 // China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs. Mutual funds...

Dutch Willing to Help Insurers Invest in Defense, Minister Says

Jan 23 2025 // Dutch insurance companies and other financial institutions that want to invest in the defense industry can expect guidance from the government, said Defense Minister Ruben Brekelmans. “What I’ve experienced so...

India Widens Approvals for Russian Insurers After Oil Sanctions

Jan 23 2025 // India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month. As well as extending...

The Difference Between Direct Carrier Appointments and Producer Sub-Codes

Jan 23 2025 // This post is part of a series sponsored by Darkhorse Insurance. In the complex world of insurance, as an insurance agent, you often face a crucial decision between Direct Carrier Appointments and Producer Sub-Codes. Each...

Seibels Bruce, One of the South’s Oldest Insurance Companies, Closes its Doors

Jan 17 2025 // Two decades after its subsidiaries were deemed insolvent and 155 years after it was founded, one of the oldest insurance companies in the South has officially gone out of business. Seibels Bruce & Company’s...

Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?

Jan 16 2025 // There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a...

Florida Appeals Court Upsets Applecart on Workers’ Comp Statute of Limitations

Jan 16 2025 // A recent decision and concurring opinion by a Florida appeals court may have upset years of practice and could raise costs for workers’ compensation insurers. Some claims that carriers were once ready to close out of...

Russian Insurer Says US Sanctions Against it Increase Risk of Environmental Disaster

Jan 14 2025 // Russian insurance company Ingosstrakh said on Friday [Jan. 10] that U.S. sanctions against it would increase the risk of environmental disasters. The Biden administration on Friday imposed its broadest package of sanctions...

Update: Re/Insurer Losses From LA Wildfires Expected to Be Significant but Manageable

Jan 10 2025 // Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for...

Edison Denies LA Wildfire Involvement as Insurers Ask It to Preserve Evidence

Jan 10 2025 // Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton Fire that is still burning in Los Angeles, but said no fire agencies have pointed the...

Insurer Upheld in Declining to Defend Employer Against Injured Worker’s Lawsuit

Jan 10 2025 // The New Jersey Supreme Court recently ruled that an insurer had no duty to defend an insured employer against an injured employee’s personal injury lawsuit alleging negligence and intentional harm. The high court...

Los Angeles Fires Become Existential Test for California’s Stopgap Insurer

Jan 9 2025 // The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California’s massive state-sponsored insurance...

Viewpoint: It Is Insurers’ Time to Lead a Resilience Revolution

Jan 9 2025 // There is a risk crisis affecting the insurance industry. Hurricanes Helene and Milton left a trail of tens of billions of dollars of destruction across the southeastern United States. These latest storms have shown that no...

Swiss Insurer Helvetia Said to Mull Sale of German Operations

Jan 7 2025 // Helvetia Holding AG is considering a sale of its loss-making German insurance operations, according to people familiar with the matter. The Swiss insurer has hired JPMorgan Chase & Co. and plans to collect non-binding...

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

Jan 6 2025 // Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most dangerous waters....

Top Climate Group for Banks, Insurers, and Asset Managers Is Making Changes

Jan 2 2025 // The world’s biggest climate coalition for financial firms is making adjustments after several high-profile banks, insurers and asset managers opted out. The Glasgow Financial Alliance for Net Zero, which was...

Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers

Jan 2 2025 // Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his...

UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct Line Deal

Dec 31 2024 // British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday [Dec. 23], creating the UK’s...

Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion

Dec 23 2024 // Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each Direct Line shareholder will be entitled to receive...