Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Blue Tarps Get a Revolutionary Upgrade with Patented Product
Jun 30 2020 // Miami, FL, June 30, 2020 –Insurance Companies Can Save Millions in Licensing Program. WrapRoof™ secured 20 U.S. patent claims in a revolutionary upgrade to blue tarps, becoming the only patented shrink wrap system in...
Nationwide’s Transition to Independent Agency Insurance Company Complete
Jun 30 2020 // Nationwide says the process of transitioning the company to operate as an independent insurance agency carrier is complete, effective July 1. For the past 18 months, the Columbus, Ohio-based insurer has been working on the...
Insurance Dept: Required Premium Relief Has Saved California Drivers $1.2B
Jun 30 2020 // California automobile insurance companies have agreed to provide $1.21 billion in savings to drivers, the state insurance department says. Insurance Commissioner Ricardo Lara in May issued an order requiring insurers to...
Bank of England Tells Insurers, Banks to Continue Analyses of Impact of Climate Risk
Jun 29 2020 // The Bank of England (BoE) has told banks and insurers to press ahead with analyzing the impact of climate change on their operations, saying that guidance published on Monday would be followed by targets next year. The...
Insurer Lemonade Seeks to Raise $286 Million in IPO
Jun 25 2020 // Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after...
Palomar Excess and Surplus Insurance Company Formed in Arizona
Jun 24 2020 // Palomar Holdings Inc. has formed Palomar Excess and Surplus Insurance Co. Palomar Holdings Inc. announced the underwritten public offering of 1 million shares of the company’s common stock PESIC has received all...
Global Institutional Investors, Including Insurers, Urge Brazil to Control Deforestation
Jun 24 2020 // A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world to call on right-wing President Jair Bolsonaro’s government to stop soaring...
Minor League Baseball Teams Sue Insurers for Coronavirus Business Income Losses
Jun 24 2020 // Fifteen U.S. minor league baseball teams on Tuesday sued several insurers for not paying out claims for business interruption losses after the cancellation of “much or all” of the league’s season as a...
A Picasso, an $18M Hole, a Casino Owner, an Auctioneer, an Insurer and a Contractor
Jun 23 2020 // Insurance specialist LeConte Moore and professional fine art appraiser Vincent Wiener deal with high-profile performers and artists and their works so hearing talk of big dollar figures is not unusual. Moore says he and...
UK Insurer Saga Refunds £44M to Customers on COVID-19 Travel Interruptions
Jun 22 2020 // Saga has refunded 44 million pounds ($54.45 million) of advance payments to customers whose travel was interrupted by the coronavirus outbreak, the British over-50s holidays and insurance specialist said on Monday. The...
Wisconsin to Insurers: Give Restaurants 10-Day Notice on Expiring Delivery Coverage
Jun 22 2020 // Wisconsin Insurance Commissioner Mark Afable has asked insurers that provided coverage under personal auto policies for food delivery services during the COVID-19 pandemic to help restaurants by giving the businesses at...
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jun 22 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...
Haley Appointed Chief Risk Officer at Educators Insurer Horace Mann in Illinois
Jun 19 2020 // Horace Mann Educators Corp., headquartered in Springfield, Ill., has appointed Vice President Paul Haley as chief risk officer. Haley has led risk assessments for the company’s business development efforts since...
Insurers Alert to Avoiding Legionnaire’s Disease Outbreaks as Buildings Reopen
Jun 19 2020 // Commercial insurers are scrutinizing building managers’ efforts to avoid outbreaks of Legionnaires’ disease as they re-open movie theaters, gyms, schools and offices that had been closed for months due to the...
Insurer Counters Income Loss Claims by Arguing Restaurants Operated Takeout Service
Jun 18 2020 // An insurer fighting business income claims from restaurants is arguing in part that there is no coverage because businesses were allowed to provide takeout and delivery service during lockdowns. Society Insurance, based in...
Renaissance Alliance Expands Its New England Insurance Company Network
Jun 18 2020 // Renaissance Alliance Insurance Services, a Wellesley, Mass-based membership alliance for independent insurance agencies, has been newly appointed by two insurance companies – Arbella Insurance and Vault Reciprocal...
Lloyd’s Insurers Get Ready to Re-Open in September After Coronavirus Lockdown
Jun 18 2020 // Clear screens on underwriting boxes, temperature-check thermal cameras and a click and collect take-away catering service are among changes Lloyd’s of London insurance workers will see when they return to the office...
Backers of Controversial California Homeowners Insurance Bill Like Its Momentum, Timing
Jun 17 2020 // Backers of a controversial bill in California, which they say is designed to increase insurance coverage in high-risk wildfire areas by amending Proposition 103, believe it has the right timing and plenty of momentum to go...
California Orders Workers’ Comp Carriers to Return Premiums Due to Stay-At-Home Orders
Jun 17 2020 // California Insurance Commissioner Ricardo Lara today issued an order adopting emergency workers’ compensation regulations in response to the COVID-19 pandemic. The new regulations go into effect on July 1. The...
Washington Insurance Commissioner Wants to Ban Credit Scoring
Jun 17 2020 // Washington Insurance Commissioner Mike Kreidler is calling on the insurance industry to end its use of credit scoring in auto, property, renters and life insurance, citing the economic impact of the COVID-19 pandemic and...
