Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Toyota’s Japanese Insurer Files $361 Million South Africa Claim
Jun 20 2025 // A 6.5 billion rand ($361 million) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near...
Alabama DOI Encourages Insurers to Use More Than Drones in Nonrenewals
Jun 19 2025 // Alabama’s insurance commissioner this week urged property insurers to be judicious in the use of drones and aerial imagery in making nonrenewal decisions, but stopped short of issuing new regulations. “If an...
Brookfield’s Insurer Trims Private Credit, Citing Crowded Trade
Jun 19 2025 // Brookfield Corp.’s insurance unit has pulled back from investments in private credit as surging demand from rival bidders pushes yields down. Brookfield Wealth Solutions started to reduce its allocation to private...
Parametric Insurer Descartes Receives Investment From Battery Ventures
Jun 18 2025 // Descartes Underwriting, the Paris-based parametric insurer for climate and emerging risks, announced a strategic investment by Battery Ventures, a technology-focused investment firm. Financial details of the investment...
Finnish Insurer Sampo Picks Thorsrud as CEO to Succeed Magnusson
Jun 18 2025 // Finland’s Sampo Oyj appointed Morten Thorsrud to succeed retiring Torbjorn Magnusson as chief executive officer, in a sign of continuity at the helm of the property and casualty insurer. Thorsrud, who currently runs...
Louisiana Governor Vetoes Bill Limiting Bad Faith Lawsuits Against Insurers
Jun 17 2025 // Louisiana Governor Jeff Landry vetoed a bill last week that would have limited bad faith lawsuits against insurers, a move that raised criticism from the insurance industry. SB 111, sponsored by Sen. Alan Seabaugh, R-Many,...
Carrier Management to Host ‘Demo Day’ for Homeowners Insurers June 18
Jun 16 2025 // Carrier Management is hosting the second event in a series of free “Demo Days”, designed to allow home insurers to experience rapid fire demos of cutting-edge risk tools. The latest online event offers...
Connecticut Hopes to Curb Auto Claims Arbitration by Shifting Cost to Insurers
Jun 16 2025 // Connecticut lawmakers have passed a measure to shift the cost of auto insurance arbitration hearings between claimants and insurers over damage claims to the insurance industry. Currently the department of insurance...
Underwriters of the Future Are Constant Partners With Agents, Carrier Exec Says
Jun 16 2025 // The future of underwriting will be built on closer relationships between carriers and insurance agents, with carriers working hand-in-hand with agencies to maximize profits from books of business. That was the word from...
After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says
Jun 16 2025 // After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report...
Insurer USAA Expands Presence in Virginia With Purchase of Building
Jun 13 2025 // Insurer USAA, which serves military veterans and their families, has purchased a new, larger office space in Chesapeake, Virginia to accommodate its expanding membership and workforce. Through the expansion, USAA said it...
European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk
Jun 13 2025 // When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of fissures has spread from...
Taiwan Life Insurers’ $700 Billion Bet on the US Is Backfiring
Jun 12 2025 // For decades, Taiwan’s life insurance companies boasted of above-average returns from their heavy investment in US bonds. That reliance is now a major risk threatening more than $700 billion of assets. Unlike insurers...
Florida-Based Regional Carrier Silver Airways Shutting Down Operations
Jun 12 2025 // Regional carrier Silver Airways announced Wednesday it is shutting down operations after a failed attempt at restructuring through bankruptcy, leaving some passengers stranded at airports in Florida, the Bahamas and the...
Another Insurer — Philadelphia Insurance — Reports Network Outage
Jun 11 2025 // Philadelphia Insurance Co. is currently experiencing a network outage that is affecting its systems. This outage has knocked out the insurer’s phone and email systems, as well as customer access to online...
Samsung Fire & Marine Insurance Increases Stake in Lloyd’s Insurer Canopius
Jun 11 2025 // Canopius Group, the London-based specialty and property/casualty insurer and reinsurer, announced that Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an additional 21% equity stake,...
Insurers Must Pay Up for Jets Seized by Russia, UK Judge Rules
Jun 11 2025 // Insurance companies must compensate aircraft lessors and owners for planes that Russia seized when it took counter-sanction measures after the invasion of Ukraine, a UK judge ruled potentially leaving insurers on the hook...
Carrier Management Hosts “Demo Day” for Homeowner Insurers
Jun 10 2025 // San Diego, CA. June 10, 2025 – Carrier Management is hosting the second event in a series of free “Demo Days”, designed to allow home insurers to experience rapid fire demos of cutting-edge risk tools. The...
Connecticut Crumbling Foundation Insurer Seeks $100 Million to Close
Jun 10 2025 // The state-created captive insurer handling Connecticut homeowners’ claims for crumbling foundations is in line for another $100 million in bond funding in the biennial budget now awaiting Gov. Ned Lamont’s...
Insurance Companies Urged to Respond to TDI Data Call by July 11
Jun 9 2025 // The Texas Department of Insurance (TDI) said it has issued a data call to Insurance companies writing personal automobile and residential property policies to gather information for the HelpInsure.com website. TDI said in...
