Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Red Skies in the Morning, Insurers Take Warning
Apr 20 2020 // Red skies at night, sailors’ delight. Red skies in the morning, sailors take warning. Just as the old adage infers, when it comes to marine risks, there will be losses. But, not every loss can be attributed to the...
D&O Insurance Coverage and Coronavirus: Avoiding Exclusions
Apr 20 2020 // Sometimes an article needs an introduction to put the subject in context for the reader. Sadly, no introduction is needed for the coronavirus. It will have affected everyone who reads this. Some will have suffered...
How to Maximize P/C Insurance Industry’s Crisis Response: Make Small Steps Part of Bigger, Long-Term Strategy
Apr 20 2020 // I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the villains. I’ve never heard that before.” That’s Richard Levick...
Texas Windstorm Insurer Implements Accommodations for Policyholders
Apr 20 2020 // Texas’ property insurer of last resort for wind and hail in counties along the state’s coastline is temporarily reducing the amount of premium due in order to issue a policy and providing 75 days to pay the...
Florida Directs Workers’ Comp Insurers to Comply with COVID-19 Treatment Order
Apr 20 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...
4 Ways COVID-19 Will Change Cannabis and Insurance
Apr 20 2020 // One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a...
California Supreme Court Ruling Will Enable Montrose to Tap Excess Policies
Apr 20 2020 // A decision earlier this month by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding that polices within each policy period can be vertically stacked. The...
Mass. Attorney General Calls on Division of Insurance to Lower Auto Premiums
Apr 17 2020 // Massachusetts Attorney General Maura Healey’s office has called on the Massachusetts Division of Insurance (DOI) to direct all auto insurance companies doing business in the state to lower premiums during the...
