Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
3 Reasons COVID-19 Business Income Suits Should Not be Combined
Aug 26 2020 // Recently a U.S. Judicial Panel on multidistrict litigation denied a proposal to consolidate cases related to business income losses related to coronavirus. Read that story on Insurance Journal here. This was the right...
MS Amlin Names Everest Re’s Carrier as Chief Underwriting Officer as 3 Step Down
Aug 26 2020 // MS Amlin Underwriting Limited, the Lloyd’s (re)insurer, has appointed Andrew Carrier to the new position of chief underwriting officer. Carrier will be responsible for managing all of MS AUL’s underwriting...
NICB: Ongoing Towing Scams Proving Costly for Chicagoans, Insurers
Aug 25 2020 // Though perhaps not the absolute worst region in the U.S. for insurance scams involving towing abuses, towing scams in Chicago continue to cause problems for residents and insurers alike, according to the National Insurance...
Experts Puzzled by Decline in Insurance Fraud Tips via Technology
Aug 25 2020 // Even though insurers have invested heavily in fraud-fighting technology, the percentage of referrals from automated systems accepted by special investigation units has declined to 15 percent from 22 percent in the past two...
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market
Aug 25 2020 // San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the...
Property Insurer Not Off the Hook for Claim Stemming from Fight Over Fish
Aug 24 2020 // A policy that excludes damages caused by “physical abuse” does not take a property insurer off the hook for a claim by an insured who agreed to pay $500,000 to settle a lawsuit stemming from injuries caused by...
101 Sales, Marketing & Agency Management Ideas
Aug 24 2020 // 1. Offset Negativity. What can you show your clients that you are doing to help them during the pandemic? Everyone is tired of hearing how all their business income (BI) claims are denied. What are you doing to offset all...
Pandemic Boosted Personal Auto Insurers’ Profits in the Short-Term
Aug 24 2020 // As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced driving, as quarantines and shelter-at-home restrictions took hold across the United States...
Why the Shotgun Approach Is Nearing Obsoletion
Aug 24 2020 // On the one hand, the shotgun approach to selling insurance has an incredibly bright future with the automated quoting systems available to the public (see Policygenius’ Series D round of $100 million, pitchbook.com)....
Texas Insurance Agency Released from Suit by Restaurant Group Over Virus Losses
Aug 21 2020 // A federal judge in Texas has dismissed an independent insurance agency from a lawsuit brought by a Dallas restaurant group seeking reimbursement for business income losses stemming from the civil authority enforced...
Claims for Business Income Loss Due to Construction Dust Denied in Pre-COVID Case
Aug 21 2020 // In an opinion that could inform coronavirus business interruption claims now before various courts, a federal appeals court has ruled that a Florida restaurant is unable to collect on its insurance for business...
Lemonade Cites Progress Despite Loss in Its First Public Earnings Report
Aug 21 2020 // Lemonade, an insurtech selling home, renters and now pet insurance, lost money in its 2020 second quarter, according to its first earnings disclosure as a public company. That’s not a surprise, as the strategy for...
California Says Fire Evacuees May Be Eligible for Reimbursement from Insurer
Aug 20 2020 // California residents who have been ordered to evacuate due to the hundreds of wildfires burning across the state my be able to recoup their evacuation costs from their insurance company, the California Department of...
Pandemic Hits Insurer AIA Group’s New Business in Hong Kong, China
Aug 20 2020 // Hong Kong-based insurer AIA Group Ltd. on Thursday reported a 37% fall in new business for the first half of the year, as the COVID-19 pandemic dented sales of its insurance products in its main markets of Hong Kong and...
Replacement Cost and the 180-Day Limitation Myth
Aug 19 2020 // What is the best way to launch this article? I don’t know if I should say I’m itching for a fight or if it’s better to say that insurance carriers are misinterpreting coverage forms and I am trying to...
Business, Insurers Face Survival Showdowns Over Pandemic Coverage
Aug 18 2020 // PILANESBERG NATIONAL PARK, South Africa— Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his...
Pandemic Boosted Personal Auto Insurers’ Profits in the Short-Term
Aug 17 2020 // As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced driving, as quarantines and shelter-at-home restrictions took hold across the United States...
Japanese Bulk Carrier Splits Apart as Mauritian Authorities Work to Contain Oil Spill
Aug 17 2020 // A Japanese bulk carrier that ran aground on a reef in Mauritius last month threatening a marine ecological disaster around the Indian Ocean island has broken apart, authorities said on Saturday. The condition of the MV...
Judge Tosses Texas Barbershops’ Suit Against Insurer Over Coronavirus Losses
Aug 16 2020 // A federal judge has agreed with an insurer that a group of barbershops in the San Antonio, Texas-area have no basis for claims seeking coverage under their commercial insurance policies for business interruption losses...
Insurers to Pay Part of $28.1M Award to Those Exonerated in Nebraska Slaying
Aug 14 2020 // A Nebraska county that owes $28.1 million to six people wrongfully convicted of murder reached a settlement with several insurance companies to help pay part of the judgment. The Gage County board approved agreements with...
