Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
North Carolina Insurers Settle for 4% Rate Increase on Dwelling Policies
Jan 7 2020 // The North Carolina Department of Insurance and the North Carolina Rate Bureau (NCRB) have reached a settlement for an average 4% increase on a proposal to increase dwelling insurance rates. A hearing on the proposal...
Church Mutual’s Conversion to a Mutual Holding Company Finalized
Jan 6 2020 // Merrill, Wisconsin-based Church Mutual’s conversion of its corporate structure to a mutual holding company became effective Jan. 1, 2020. According to the company, the move provides the organization more flexibility...
Insurance Market Shrinking as Senior Living Industry Grows
Jan 6 2020 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue. The population of Americans over age 80 will double, from 6...
Liberty Mutual to Insure Uber Drivers and Passengers in 7 States, Puerto Rico
Jan 2 2020 // Liberty Mutual Insurance will provide coverage for Uber drivers and passengers throughout New England, South Carolina and Puerto Rico as part of the company’s 2020 auto insurance programs, which became effective on...
2020 Predictions from Cannabis Industry Experts: More Insurance Business
Jan 2 2020 // More legalization in more states. More product liability risks. More regulations. More M&A. More of many things is what insurance professionals involved in the cannabis industry can expect in 2020. Insurance Journal...
Alaska Air Carrier Revises Estimate of Damage from Cyber Attack
Jan 2 2020 // An Alaska air carrier that suffered a cyber attack has experienced more disruption than initially projected, according to a company announcement. The RavnAir Group on Dec. 20 experienced what it called a...
Commercial Lines Insurtech Bold Penguin Acquires E&S Brokerage Tech Platform xagent
Jan 2 2020 // Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance...
Insurance Journal’s Top 10 East Region Stories of 2019
Jan 2 2020 // A new year is a time of reflection for some, and last year, the city of Boston began 2019 by reflecting on an important piece of the city’s history: the 100-year anniversary of The Great Molasses Flood. The flood,...
Insurance Journal’s Top 10 West Region Stories of 2019
Jan 2 2020 // California wildfires dominated the news in Insurance Journal’s Western region in 2019, despite it being a quiet year relative to two consecutive years of deadly blazes that came before. Three of the year’s top...
Appeals Court OKs Affordable Care Act’s Risk Payments to Insurers
Jan 2 2020 // A U.S. appeals court upheld the validity of a federal program governing the payment of billions of dollars to insurers under the Affordable Care Act, reversing a lower court ruling that had prompted the White House to...
Insurance Journal’s Top 10 Southeast Region Stories of 2019
Jan 2 2020 // It was a relatively quiet year for the Southeast in terms of major catastrophes compared with 2018 when Hurricane’s Michael and Florence caused major damage in the region. This year, Hurricane Dorian sideswiped the...
Washington Tells Captives for Starbucks, Alaska Air to Stop Insuring Risk
Dec 31 2019 // Washington Insurance Commissioner Mike Kreidler has ordered the captive insurers for two giant corporations to stop insuring risk in the state, adding to a large list of big companies whose captives have been fined by the...
Program Underwriters Seek ‘New, New’ Spaces While Administrators Embrace Insurtech
Dec 31 2019 // Fueled by efficiencies introduced by insurtechs and underwriters’ interest in niche classes, the insurance program business has experienced impressive growth the last few years. But heavy interest is also forcing...
Court Upholds Insurers’ Auto Body Repair Networks Against Racketeering Claim
Dec 30 2019 // A federal appellate court affirmed a decision to throw out a racketeering lawsuit brought by a group of 126 auto body collision repair shops against seven of the largest U.S. insurers. The 11th Circuit Court of Appeals in...
It’s Not Easy Getting Insurers to Defend in Sexual Harassment Cases
Dec 24 2019 // While Harvey Weinstein’s insurers have reportedly agreed to pay $47 million to settle civil suits against the movie producer, most policyholders should prepare for an epic legal battle just to get their insurers to...
Underwriters and Insureds Taking Harder Look at Commercial Property Risks
Dec 24 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
Health System in California Pays $575M to Settle Anti-Trust Lawsuit
Dec 23 2019 // One of Northern California’s largest health systems will pay $575 million to settle claims that it used anti-competitive practices to bump up costs for patients, the state’s attorney general said last week,...
The Hartford Joins Insurers Limiting Fossil Fuel Investments, Underwriting
Dec 23 2019 // The Hartford became the latest insurance carrier to cut back on business it does with the fossil fuel industry out of concern over climate change. The company announced it will no longer insure or invest in companies that...
Mass. High Court Upholds Consent-to-Settle Clause in Malpractice Policy
Dec 20 2019 // Massachusetts’ highest court on Monday rejected arguments that consent-to-settle clauses in professional malpractice insurance policies violate public policy. The Supreme Judicial Court sided with CNA subsidiary...
Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten
Dec 20 2019 // Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite potential headwinds that may come from Florida domestic carriers...
