Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
EU Insurers Must Preserve Capital Positions as Coronavirus Crisis Escalates: Watchdog
Mar 18 2020 // Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog...
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook
Mar 18 2020 // Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels,...
P/C Insurers Score Low for Innovation, While Reinsurers Do Better: AM Best
Mar 18 2020 // In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty insurers merit scores high enough to categorize them as innovation leaders, according to a recent...
Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses
Mar 18 2020 // Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible...
Florida Regulator Directs Insurers to Prepare for Coronavirus-Related Interruptions
Mar 18 2020 // The Florida Office of Insurance Regulation (OIR) is directing all insurers to review and update their business continuity and/or continuity of operations plans in light of the current outbreak of coronavirus strain...
Insurers Win Antitrust ‘Steering’ Lawsuits Filed by Body Shops
Mar 16 2020 // A federal appellate court threw out most of the claims by automotive body shops in Indiana, Utah and Mississippi that alleged that major insurers violated antitrust laws and engaged in anticompetitive practices by steering...
British Insurers Suspend Sale of Travel Insurance to New Customers
Mar 16 2020 // British insurers Admiral, Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their websites on Friday. “The ongoing global situation with coronavirus means there’s much...
After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending
Mar 16 2020 // Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are moving into new houses built on or near the same plots. But while banks have been only too willing...
Prepared Insurance of Florida to be Acquired by Lighthouse Property Insurance Corp.
Mar 16 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
Insurer Closed Missouri Office for 1 Day After Likely Employee Contact with Virus
Mar 15 2020 // Last Friday, American Family Insurance Co. closed a regional office out of concern that an employee may have been exposed to an airline passenger on a March 4 domestic flight who later tested positive for...
Insurer Responsible for Liability Claims Despite Uninsured Premises Exclusion
Mar 13 2020 // The Massachusetts Supreme Judicial Court has ruled that an insurer is responsible for paying liability claims resulting from the improper use of a portable generator, despite an uninsured premises exclusion in the...
P/C Insurers Expect Smaller M&As to Continue in 2020
Mar 13 2020 // Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance executives surveyed by Deloitte still expect to complete an M&A transaction in...
China Non-Life Insurers See Big Drop in Car Accident Claims in Coronavirus Silver Lining
Mar 12 2020 // Chinese non-life insurers are discovering a silver lining to the cloud spreading over China’s economic performance from the coronavirus outbreak – a sharp drop in car accident claims. Beijing’s efforts to...
Insurers Face Big Investment Losses, Trade Credit Claims from Coronavirus Crisis
Mar 12 2020 // Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy – a sharp rise in payouts at a time of big investment losses. Because...
United Heartland Hires Roth as Senior Business Development Specialist
Mar 11 2020 // United Heartland, a national workers’ compensation insurance company, is continuing its focus on offering workers’ compensation insurance in Pennsylvania with the addition of Brett Roth as senior business...
COVID-19 Emergency Regulations for Health Carriers Approved in Maryland
Mar 11 2020 // The Maryland General Assembly’s Joint Committee on Administrative, Executive & Legislative Review has approved emergency regulations for all health carriers regulated by the Maryland Insurance Administration...
Brazil Insurer Caixa Seguridade Postpones IPO on Coronavirus Worries: Sources
Mar 10 2020 // Brazilian insurer Caixa Seguridade SA decided on Monday to cancel its initial public offering, two sources with knowledge of the matter said, amid concerns about the new coronavirus and plunging oil prices. Controlling...
Blackwater Founder Prince Gets License to Operate Insurer in Congo
Mar 10 2020 // Democratic Republic of Congo’s insurance regulator granted six new licenses to companies including a division of Erik Prince’s Frontier Services Group Ltd. The regulatory authority, known as ARCA, approved...
Florida Insurer Security First Appoints Burt DeVriese as President
Mar 10 2020 // The Security First Board of Directors has approved Melissa Burt DeVriese to serve as president and Locke Burt as chairman and chief executive officer of Security First, effective immediately. Quality Assurance led by Mark...
Auto Insurer Windhaven National Ordered Into Liquidation by Texas Court
Mar 9 2020 // Texas-based private passenger auto insurer Windhaven National Insurance Co. (WNIC), a subsidiary of Windhaven Insurance, has been ordered into liquidation at the request of the Texas Department of Insurance, which was...
