Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Supreme Court Agrees to Hear Micro-Captive Insurer Tax Case
May 5 2020 // The U.S. Supreme Court agreed to review a ruling that critics say would give the Treasury Department and Internal Revenue Service a sweeping shield from challenges to their regulations. The justices said Monday they will...
AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead
May 5 2020 // Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe...
Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis
May 5 2020 // Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment...
Pennsylvania High Court Says Insurer Has Duty to Defend in Shooting Case
May 4 2020 // The Supreme Court of Pennsylvania held that an insurer has a duty to defend its insured’s estate in a personal injury lawsuit brought by a man who was shot by the policyholder. This comes after Richard A. Carly came...
Delaware Auto Insurers Issue Rebates, Reduce Rates During Coronavirus Pandemic
May 4 2020 // The Delaware Department of Insurance has announced that many consumer-friendly automobile insurer actions are being implemented due to reduced vehicle use throughout the COVID-19 pandemic. As filed with the department,...
Midwest Insurers AmeriTrust, Grange Unveil COVID-19 Relief for Businesses
May 4 2020 // Grange Insurance Co., based in Columbus, Ohio, and AmeriTrust Group Inc. in Southfield, Michigan, are offering relief plans to business insurance customers in response to the COVID-19 pandemic. Grange Insurance has...
Nursing Home Insurance Market In Need of Care
May 4 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 20%, or 11,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according to a...
Extra Care: Brokers, Carriers Trying to Help
May 4 2020 // Nursing home insurance specialists say that they are doing whatever they can to help their insureds during this trying time, either by sending out information from the CDC, answering questions, aiding with documentation,...
Some Auto Insurer Premium Discounts Should Be Bigger, Consumer Groups Say
May 4 2020 // Two consumer groups said on April 23 that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to...
Florida Directs Workers’ Comp Insurers to Comply with COVID-19 Treatment Order
May 4 2020 // The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders...
Third Coast Underwriters to Offer Workers’ Comp Coverage in Florida, Wisconsin
May 1 2020 // Third Coast Underwriters (3CU), a national workers’ compensation insurance company, is expanding into Florida and Wisconsin. With the expansion, the company will offer its workers’ compensation coverage in 21...
Louisiana Workers’ Comp Insurer, Amerisafe, Reports Profitable Quarter
May 1 2020 // DeRidder, Louisiana-based workers’ compensation insurance company, Amerisafe Inc., has reported a first quarter profit of $10.8 million. The company posted revenue of $79.2 million in the period; adjusted revenue was...
Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
UK Regulator Wants Courts to Clarify Wording of Disputed Business Interruption Policies
May 1 2020 // Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the coronavirus pandemic. The Financial...
Penn. High Court Deals Potential Blow To Carriers’ Denial Of Business Income Claims
May 1 2020 // In a case where no insurance company or insurance claim was involved, the Pennsylvania Supreme Court issued a ruling that could potentially negate one of the insurance industry’s standard bases for denial of coverage...
CEO Musk Replaces Tesla’s D&O Policy with ‘Personal Coverage’
May 1 2020 // Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company’s directors and officers insurance (D&O), replacing it with a promise to personally provide...
Nationwide’s Left the Building. Insurer Makes Remote Work Permanent in 5 States.
Apr 30 2020 // Nationwide said it plans to permanently transition to a hybrid operating model that comprises primarily working-from-office in four main corporate campuses and working-from-home in most other locations. The company said it...
NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry
Apr 30 2020 // New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and...
Top Insurers Face Lawsuit from UK Hospitality Sector on Rejected Biz Interruption Claims
Apr 30 2020 // Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million-pound lawsuit from British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been...
Insurers Promote Federal Pandemic Insurance Plan to Congress
Apr 29 2020 // The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar with the effort told...
