Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
P/C Carriers Losing Ground to MGAs in Talent War
Apr 3 2023 // During a webinar about an insurance industry labor market survey, an industry recruiter said insurance carriers are losing ground to managing general agents in the war for talent. “On the property and casualty side,...
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Apr 3 2023 // Trium Cyber is the industry’s first Lloyd’s-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full stack surplus lines insurer has joined the ranks of new...
Experts Urge Empathy, Thoughtfulness for Insurers in Challenging Cyber Landscape
Apr 3 2023 // While the continuously evolving cyber threat landscape is a growing problem for insurers, experts say it’s not an insurmountable one, and empathy and thoughtfulness will be key as insurers seek to tackle...
Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
Mar 30 2023 // Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property...
Boy Scouts of America Bankruptcy Plan Upheld Despite Insurers’ Objections
Mar 28 2023 // A federal judge on March 28 denied an appeal, largely made by insurers, to strike down the Boy Scouts of America’s reorganization plan approved last year to allow the nonprofit to settle tens of thousands of sexual...
Insurer RSA Exits UK Personal Lines Motor Market to Focus on Core Businesses
Mar 28 2023 // UK insurer RSA announced it is exiting the UK personal lines motor market to focus on its core lines. The company explained the move by saying that the personal lines motor market in the UK remains extremely competitive...
D&O 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked
Mar 27 2023 // Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in 2022, with competition fueling price declines and the economic conditions...
Wisconsin High Court: UI Insurer Can’t Deduct Money That Was Paid but Reimbursed
Mar 24 2023 // Wisconsin law allows insurers to deduct from their liability any amounts paid for the same injury by a worker’s compensation carrier, but does that include amounts that are paid and later reimbursed? Secura Supreme...
Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman
Mar 24 2023 // Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was...
Kentucky Governor Signs Bill: Guaranty Fund Won’t Pay Claims from Self-Insurers
Mar 23 2023 // Kentucky’s governor this week signed into law a bill that seeks to make one thing perfectly clear: The Kentucky Insurance Guaranty Association will not pay claims from defunct self-insurers that are not members of...
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re
Mar 22 2023 // Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according to Swiss Re’s latest sigma report. Claims from Hurricane Ian in Florida, record...
Insurer-Friendly Justice Retires, But That Gives DeSantis 5th Pick on Fla. High Court
Mar 22 2023 // Gov. Ron DeSantis’ already strong stamp on the Florida Supreme Court will be even greater for years to come after Justice Ricky Polston retires at the end of this month. DeSantis will have appointed five of the...
Insurer Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks
Mar 22 2023 // Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their portfolios and prevent...
5 Reasons Smart Insurers Embrace Modern Infrastructure in Recessive Market Conditions
Mar 22 2023 // This post is part of a series sponsored by AgentSync. Stock markets are struggling. Venture capital funding is drier than it’s been in the last few years. Even with the midterm election wobbles in the rearview...
With Sex Assault Cases on the Rise, Insurers Tighten Hospital Liability Exclusions
Mar 22 2023 // South Floridians may remember the case of a patient at Westchester General Hospital in Miami, who said she was sexually assaulted by a hospital worker on New Year’s Eve in 2019 while she was sedated. The...
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
Mar 20 2023 // For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and...
Insurers’ Digital Claims Tools Failing Customers: J.D. Power
Mar 20 2023 // Calling the trend “worrying,” J.D. Power’s new property claims satisfaction report indicated that insurers’ digital tools to speed the claims process are not pleasing homeowners insurance customers,...
Architects & Engineers Insurers Seek More Rate Increases: Ames & Gough
Mar 20 2023 // According to a new survey from specialty broker Ames & Gough, insurers of professional liability for architects and engineers are planning additional rate increases to keep pace with rising claims costs, a backlog of...
Louisiana Commissioner Giving Incentive to Insurers Taking UPC Policies
Mar 20 2023 // Louisiana Commissioner Jim Donelon is notifying property/casualty insurers that they will receive credit toward the Insure Louisiana Incentive Program’s grant requirements for assuming United Property & Casualty...
Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings
Mar 17 2023 // Insurers say a new regulation proposed by Washington state Insurance Commissioner Mike Kreidler that requires them to explain premium increases to their policyholders in language consumers can understand has the potential...
