Best Read Carriers Headlines
Headlines from our Carriers Topic Page with the most time spent reading.
#1 The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and Insurers
May 20 2024 // Last year while I was out of town, a roofing company showed up at my home and told my wife there had been a hailstorm recently, so they were visiting impacted neighborhoods and providing free inspection services. She let...
#2 Insurers Settle With Hotel in Case of Woman Videotaped in the Shower
Jul 19 2024 // Four insurance companies, unable to escape a duty to defend a New York hotel where a young woman was secretly videotaped in the shower in 2015, have reached a settlement in the case that made headlines around the...
#3 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...
#4 Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers
Oct 9 2024 // A wide cone of uncertainty surrounds insurance experts’ pre-landfall predictions about the state of the industry that will prevail in the aftermath of Hurricane Milton, with most viewing it as a $20 billion-plus loss...
#5 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...
#6 US Court Declines to Dismiss Mandarin Hotel COVID-19 Claim Against Insurers
Sep 25 2024 // Insurers have failed to win dismissal of a federal COVID-19 business interruption lawsuit against them by the luxury hotel chain Mandarin Oriental. Judge John P. Cronan of U.S District Court in New York found that...
#7 Insurance Companies Feeling the Pressure in Iowa and the Midwest
May 15 2024 // A New York Times article this week reported troubles in Iowa and insurers pulling up stakes from the Hawkeye State, leaving the homeowners’ insurance market. The exits were prompted by horrendous financial results...
#8 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...
#9 Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Jun 6 2024 // Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of...
#10 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...
#11 Hedge Funds Hunt Deals in Risk Scenarios Too Costly for Insurers
Apr 7 2025 // As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set for hedge funds to pursue market-beating returns fanned by climate change. The investment...
#12 Should Judge Recuse Himself From Case Involving His Own Insurer?
Jun 6 2024 // Liberty Mutual Insurance is pushing for a federal judge in New Jersey to recuse himself from a construction insurance case because he did not disclose that he has been a long-time Liberty insured, a significant claimant,...
#13 The U.S. Property & Casualty Crisis: How It’s Going for Insurers and the States They’ve Left
Aug 20 2024 // This post is part of a series sponsored by AgentSync. America’s home insurance crisis By now, if you haven’t heard about insurance companies (large and small) and their max exodus from the most risky states,...
#14 Cannabis Firm Fights Insurer’s Denial of Business Income Loss Claim Following Fire
Jul 29 2024 // A Berkshire Hathaway insurer is insisting it does not owe $1.3 million in claimed business income losses to a cannabis growing company after a building fire shuttered one of its “flowering” rooms for 68...
#15 A Gas Carrier Faking Its Location Helps Russia Avoid Sanctions
Aug 5 2024 // A liquefied natural gas tanker that’s docked at a sanctioned Russian gas facility has no known insurer, is managed by a little-known Indian company and is pretending to be somewhere else. Samir Madani, co-founder of...
#16 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...
#17 AM Best Report Cites MGA’s Role in Insurer Insolvencies
Dec 18 2024 // This story has been edited for clarity. In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued litigation and roof claims were not...
#18 New York Issues Guidance for Insurers on Insuring Affordable Housing
Jun 25 2024 // New York has issued guidance to commercial insurers that they are prohibited from inquiring about or making coverage decisions based on a property’s status as an affordable housing development or a tenant’s...
#19 Oklahoma Supreme Court: Insurer Must Provide Direct Renewal Notice to Named Insured
Feb 27 2025 // After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to its surplus lines insurer – only to find the insurer denied the claim on the assertion that a commercial lines policy...
#20 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...
