Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Louisiana Church Sues Insurer For Alleged Inadequate Storm Damage Coverage
Apr 6 2022 // A Louisiana church has filed a federal lawsuit alleging that its insurer failed to adequately cover millions of dollars in property damage resulting from two devastating weather events last year, including Hurricane...
Global Insurers Want to Increase Private Equity Investments, as Inflation Hits Portfolios
Apr 5 2022 // Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. More than 40% of insurers...
Goldman Poll Finds Insurers Expect a U.S. Recession
Apr 4 2022 // Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc. Of 328 chief investment...
Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently
Apr 4 2022 // Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would “vigorously...
Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years
Apr 4 2022 // Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be able to recover their money. Credit Suisse racked...
Thailand Revokes Licenses for Two P/C Insurers
Apr 4 2022 // Thai Finance Minister Arkhom Termpittayapaisith has revoked the insurance licenses of two companies — Southeast Insurance Pcl and Thai Insurance Pcl — controlled by billionaire Charoen Sirivadhanabhakdi. The...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential
Apr 4 2022 // Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure and other industries, and it urges the insurance industry to reevaluate exposures. Russia’s...
Tesla, Other Car Makers Have Edge Over Incumbent Auto Insurers: Moody’s
Apr 4 2022 // Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody’s Investors Services said. In a report titled,...
CMS Rules on Settlement Reporting May Sting Insurers and Claimants Both
Apr 4 2022 // For years, the federal agency that runs Medicare has been building a trap to snag any settlements that would force taxpayers to pick up the tab for medical care that should have been paid by others. The Centers for...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia
Apr 4 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said. More than 500 planes that are financed or owned by non-Russian...
How AI Can Help Agents, Brokers and Insurers Build Empathy
Apr 4 2022 // Empathy isn’t a word small business owners typically associate with insurance companies. But that doesn’t mean empathy isn’t important to policyholders. Quite the opposite: Empathy demonstrated by...
With Florida Rulings, Will More Insurers Require Arbitration in Claims Disputes?
Apr 1 2022 // A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another tool that could be used to stem the tide of claims litigation. In AirBnB Inc. vs....
Generali Investor Del Vecchio Backs Change in Insurer’s Leadership
Mar 31 2022 // Italian tycoon Leonardo Del Vecchio is backing a push for a change in leadership at Assicurazioni Generali SpA, saying that a proposed slate of new managers put forward by investor Francesco Gaetano Caltagirone could free...
Ukraine Urges Marine Insurers to Withdraw Coverage for Russian Shipping Companies
Mar 31 2022 // The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in a bid to intensify pressure on Vladimir Putin’s regime. Oleg Ustenko,...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Mar 31 2022 // Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. Following the...
Illinois Court: Insurer Must Defend IT Company in BIPA Suits
Mar 30 2022 // An insurer must defend an information technology company facing a pair of Biometric Information Privacy Act (BIPA) lawsuits, the U.S. District Court for the Northern District of Illinois said in a March 30 ruling. In...
Insurers: NAIC’s Move to Amend Climate Disclosure Survey Too Quick
Mar 30 2022 // The National Association of Insurance Commissioners is moving to amend its climate disclosure survey – and insurers may not like it. The Climate Risk Disclosure Survey is a voluntary risk management tool for state...
Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court
Mar 30 2022 // The Boy Scouts of America’s sexual abuse compensation fund may force insurers to make payments they can’t negotiate over, even if the claims are fraudulent, a group of the companies argued in court. Insurers,...
Georgia Commissioner Directs Insurers to Pay Full Amount of Taxes on Totaled Vehicles
Mar 29 2022 // Georgia’s insurance commissioner has issued a directive to auto insurers to include the full amount of sales tax when settling a total-loss vehicle claim. “When calculating taxes to be paid to an insured on a...
New Hampshire Seeks Insurer for Voluntary Family Medical Leave Plan
Mar 29 2022 // New Hampshire is looking for a commercial insurance carrier to fully insure and administer the Granite State Paid Family and Medical Leave Plan. The plan provides participating employees in New Hampshire with 60% of their...
