Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
She Took Out 40 Insurance Policies Worth $20 Million, Scamming Insurers and Investors
Mar 13 2025 // A federal jury convicted a Maryland woman yesterday for conspiracy to commit insurance fraud, and related charges for wire fraud, money laundering and filing false tax returns. According to court documents, Maureen Wilson,...
Insurer Payouts Now at $12B for LA Wildfires, Report Shows
Mar 12 2025 // Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes in January. California...
Nirvana Raises $80M for AI-Driven Fleet Insurance; Carrier-Agency Connector CoverForce Secures $13M
Mar 10 2025 // Nirvana Insurance Secures $80M for Trucking Insurance AI Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round, valuing the company at nearly $850 million. The round...
Brazil Insurer Caixa Seguridade Files for Secondary Share Offering
Mar 10 2025 // Brazilian state-run insurance firm Caixa Seguridade said late on Sunday it had filed for a follow-on share offering that will comprise a secondary sale of stock owned by controller Caixa Economica Federal. The move was...
Washington Bill Would Provide Restitution for Policyholders Harmed by Insurers
Mar 10 2025 // A bill to allow the Washington’s insurance commissioner to order restitution for policyholders harmed by insurance companies moved out of the state Senate Business, Financial Services, and Trade Committee. Senate...
Why Cyber Insurers Should Partner in Cybersecurity Support
Mar 10 2025 // The history of insurance dates back as far as 2000 BCE, when merchants and traders developed basic risk-sharing agreements to protect against financial losses from unpredictable events. At its most basic, insurance as a...
New York Fines Three Dozen Auto Insurers $20M for Slow Reporting on Policies. Insurers Say There’s More to the Story
Mar 10 2025 // The New York State Department of Financial Services in February issued more than $20 million in fines against three dozen auto insurers – for failing to timely report new and terminated auto insurance policies. But...
Florida OIR Wants More Data, Warns Insurers About Concurrent Causation Denials
Mar 10 2025 // As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers have signaled new scrutiny on insurance carriers’ claims-handling...
Report: More Insurers in California Paying Wildfire Victims Without Itemized List
Mar 7 2025 // More insurers are paying contents coverage to California wildfire victims without requiring a detailed inventory, according to the California Department of Insurance. The CDI reported on responses from carriers following a...
Path to Profitability: Market Risks Facing Agencies and Carriers for Medicare Open Enrollment 2025
Mar 4 2025 // This post is part of a series sponsored by AgentSync. At first glance, having the most profitable Medicare season comes down to matching your distribution channels to the anticipated size of the market opportunity in a...
Maryland’s Largest Workers Comp Insurer Files for 8% Rate Cut
Mar 3 2025 // Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April 1, 2025. The nonprofit company, which is the state’s insurer of last...
Lawsuit Alleges GM Illegally Sold Arkansans’ Driving Data to Insurance Companies
Feb 28 2025 // Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans by collecting and selling driver information to third parties, who then sold...
Selectsys Acquires Expert Insured, with AI for Carriers, MGAs
Feb 28 2025 // Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and...
Oklahoma Supreme Court: Insurer Must Provide Direct Renewal Notice to Named Insured
Feb 27 2025 // After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to its surplus lines insurer – only to find the insurer denied the claim on the assertion that a commercial lines policy...
Warnings, Fines Fail to Stop Insurers and Banks From Overcharging Australian Clients
Feb 26 2025 // Last week the Federal Court fined Australia’s biggest superannuation company, AustralianSuper, A$27 million for overcharging customers. The company had breached its legal obligations under the Superannuation Industry...
Smartwatches Measuring Mortality Risks Are New Tool for Insurers
Feb 26 2025 // Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data about individuals’ mortality risk, according to a new report by reinsurance...
NYDFS Fines Three Dozen Auto Insurers $20M for Slow Reporting on Policies
Feb 25 2025 // Multi-year market conduct investigations by the New York State Department of Financial Services have resulted in $20 million in fines and consent orders against three dozen auto insurers – for failing to timely report...
Florida OIR Wants More Data, Warns Insurers About Concurrent Causation Denials
Feb 24 2025 // As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other...
Washington Bill Would Provide Restitution for Policyholders Harmed by Insurers
Feb 24 2025 // A bill to allow the Washington’s insurance commissioner to order restitution for policyholders harmed by insurance companies moved out of the state Senate Business, Financial Services, and Trade Committee. Senate...
India Insurers Look to Hike Health Premiums as Pollution Stings
Feb 21 2025 // Indian insurers are considering making New Delhi residents pay 10% to 15% more for new health policies after an extraordinary spike in claims related to air pollution in 2024 in India’s capital, according to nine...
