Latest Carriers Headlines

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

Insurers Shift Real Estate Investments from Offices to Warehouses

Jul 17 2020 // Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset...

Insurers Score a Win in Texas Air Ambulance Fee Dispute

Jul 16 2020 // State law prevails in disputes between insurers and an air ambulance service over reimbursements under the Texas workers’ compensation system, the state’s highest court recently ruled. In Texas Mutual Insurance...

Houston Rockets Becomes First NBA Team to Sue Insurer Over Denied Covid-19 Claims

Jul 16 2020 // The Houston Rockets and billionaire owner Tilman Fertitta are suing their insurer for denying the National Basketball Association team’s bid to tap its business-interruption insurance policy over revenue losses from...

Swiss Insurers Oppose Tighter Immigration Rules, Says Swiss Re CEO in News Report

Jul 16 2020 // Switzerland’s insurance industry is against tightening the country’s immigration rules, a move that will be put to voters this year, Swiss Re Chief Executive Christian Mumenthaler told Handelszeitung...

CIA-Leavitt Insurance Agency Acquires Goetz Insurors in Colorado

Jul 15 2020 // CIA-Leavitt Insurance Agency has acquired Goetz Insurors in Fort Morgan, Colo. Terms of the deal were not disclosed. Goetz Insurors provides insurance to north eastern Colorado and offers an equine insurance program...

Washington Commissioner Tells Insurers It’s Time to Ban Credit Scoring

Jul 15 2020 // Washington Insurance Commissioner Mike Kreidler reached out to insurance company CEOs in a letter and urged them to stand behind their recent pledges to end discrimination and racial inequities by supporting his proposal...

Second Wave of Coronavirus Lockdowns Could Weaken Insurers’ Capital Buffers: S&P

Jul 14 2020 // Global insurers have proven resilient during the first wave of the COVID-19 pandemic, as their capital strength has helped stave off widespread downgrades; however, insurers’ capital buffers will erode through the...

U.S. Pressures Insurers, Certifiers, Shippers in Enforcing Tougher Sanctions on Venezuela

Jul 14 2020 // Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the...

Michigan Suit Says Insurer Owes Commercial Premium Refund Due to Virus

Jul 13 2020 // In a class action lawsuit, a Michigan restaurant and bar has challenged its insurer over commercial policy premium payments that covered the time it was forced to shut down during the COVID-19 pandemic. The lawsuit...

Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M

Jul 13 2020 // Allianz has finalized the acquisition of the automobile and other property & casualty business from SulAmérica in Brazil. This follows the announcement of the deal on August 23, 2019. The transaction enlarges the...

U.S. Targets Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions

Jul 13 2020 // Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the...

South Africa Regulator Warns Insurers to Stop Broad Rejection of Virus Claims

Jul 10 2020 // A South African regulator warned insurers to stop broadly rejecting claims from businesses seeking to cover losses because of a lockdown to curb the coronavirus. “The Financial Sector Conduct Authority is concerned...

Insurers Are Creating Products for World Where Pandemics Could Become New Norm

Jul 10 2020 // Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof policies might not be cheap,...

Coronavirus Crisis Heightens Insurers’ Caution About Senior Care Market

Jul 10 2020 // The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers said. Residential care...

Best: Reinsurance Pricing, Pandemic Add to Woes for Florida Property Insurers

Jul 9 2020 // The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial strength of Florida personal property writers and impact...

Iowa’s BrokerTech Ventures Gains 4 New Carrier, Wholesale Partners

Jul 9 2020 // BrokerTech Ventures, an insurance broker-led platform and accelerator program based in Des Moines, Iowa, has added four super-regional and national insurance firms as partners: The Cincinnati Insurance Companies,...

Chubb Unveils Public-Private Program for Pandemic Business Interruption

Jul 9 2020 // Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses quickly—following through on an...

Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE

Jul 9 2020 // The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses...

Coronavirus Business Interruption Claimants Lay Out Federal Plan to Reimburse Insurers

Jul 9 2020 // A U.S. lawmaker has introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but insurance groups have rejected the...

Minnesota Issues Riot Claims Data Call to Property/Casualty Insurers

Jul 8 2020 // Minnesota’s insurance regulators issued a data call in late June, requesting information from property/casualty insurers in the state about claims filed in the wake of the riots/civil commotion following the killing...