Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
North Carolina Extends Emergency Order for Insurers to Defer Premium Payments
Apr 29 2020 // North Carolina Insurance Commissioner Mike Causey has extended an order issued last month to the insurance industry requesting that insurers defer policyholder payments for an additional 30 days, beginning April 27. The...
Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions
Apr 28 2020 // Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he...
Supreme Court Backs Insurers Over $12 Billion in Obamacare ‘Risk Corridor’ Payments
Apr 27 2020 // The U.S. Supreme Court on Monday ruled in favor of health insurers seeking $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to...
Coronavirus Business Interruption Insurance Claimants Seek to Consolidate Lawsuits
Apr 27 2020 // Two groups of plaintiffs — one in Philadelphia, the other in Chicago — are asking federal courts to consolidate lawsuits filed by businesses that are seeking coverage for business-interruption losses they claim are...
Auto Insurers Will Return Approximately $32M in Premiums to N.H. Consumers
Apr 27 2020 // At least 23 companies selling auto insurance in New Hampshire are returning premium to their policyholders, New Hampshire Insurance Commissioner Chris Nicolopoulos announced. These companies represent more than 90% of the...
UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims
Apr 27 2020 // Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. “We are concerned that the insurance sector...
UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers
Apr 27 2020 // British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates...
Pennsylvania Outlines Temporary Licensure Process for Insurers During COVID-19
Apr 24 2020 // The Pennsylvania Insurance Department has submitted a notice to all state insurance companies and agencies outlining the process for issuing temporary licenses for Pennsylvania resident insurance producers during the...
Some Auto Insurer Premium Discounts Should Be Bigger, Say Consumer Groups
Apr 24 2020 // Two consumer groups said on Thursday 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...
Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
Apr 24 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...
Texas to Insurers: Credit Score Exemption Rules Apply During Pandemic
Apr 22 2020 // The Texas Department of Insurance (TDI) has issued a reminder to carriers that Insurance Code Section 559.103 provides for exceptions to the use of credit scores affected by certain events, including temporary job...
How COVID-19 Impacts the Surplus Lines Insurance Industry
Apr 22 2020 // COVID-19 has majorly disrupted the global economy, and while many business sectors are subjected to temporary shutdowns or bare minimum operations, the insurance industry is racing forward while confronting unprecedented...
Insurtech ‘Babel Cover’ Collaborates with Maltese Insurer Atlas to Offer Bicycle Insurance
Apr 22 2020 // Babel Cover, a British insurtech start-up, is working with Maltese insurer Atlas and emerging technology firm Piprate to insure bicycles of competitive cyclists, triathletes and commuters of Malta. The intention of the...
Florida Dive Shop Alleges Insurer Breach of Contract, Bad Faith in BI Denial Suit
Apr 22 2020 // A dive shop in South Florida is one of the first businesses in the state to file suit against its insurer for the denial of a business interruption claim initiated because of the current coronavirus pandemic. The lawsuit,...
Arizona Insurer of Physicians Declares $12M Dividend to Help in COVID-19 Pandemic
Apr 22 2020 // Mutual Insurance Company of Arizona has declared a special dividend designed to provide economic relief to its members. The company will distribute a $12 million dividend to all members with policies in-force as of April...
Latest Class Actions Over Business Interruption Target 6 Insurers
Apr 21 2020 // A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the coronavirus crisis. The...
Danish Insurer Tryg Expects Wave of Travel Claims as Customers Cancel Holidays
Apr 21 2020 // Danish insurer Tryg expects to be hit by a wave of travel insurance claims as customers cancel their summer holidays due to travel restrictions imposed to tackle the coronavirus pandemic, it said on...
On the Front Lines: Georgia Insurance Commissioner Deployed by National Guard
Apr 21 2020 // Georgia Insurance Commissioner John F. King has been on the front lines during times of crisis for the United States for most of his career. A former Georgia police chief and current Major General in the U.S. Army National...
More Midwest Insurers Offering Auto Premium Relief to Insureds
Apr 20 2020 // More Midwest-based insurers are offering premium payment relief to their auto insurance customers as a result of the COVID-19 health crisis. Branch Insurance, Grange Insurance, Indiana Farm Bureau Insurance, Ohio Mutual...
UK Insurers in Talks with Government About Creating Trade Credit Backstop
Apr 20 2020 // British insurers are talking to the government about a backstop for trade credit insurance to support business supply chains hit by the coronavirus pandemic, an industry trade body said. States such as France, Germany and...
