Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Data Insight: More Insurers Expect to Boost Top Lines Than Headcount
Feb 20 2025 // Continuing a trend that’s persisted for several quarters, the latest Insurance Labor Market Study from Jacobson Group and Aon finds a big gap between the percentage of carriers expecting to boost top lines and those...
Federal Mortgage Insurer to Lay Off About Half Its Workforce
Feb 19 2025 // The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources...
Viewpoint: Are Carriers and MGAs Leaving Revenue on the Table?
Feb 19 2025 // Insurance companies spend billions of dollars a year on advertising—and for good reason. With auto insurance mandated in nearly every state and home insurance required by mortgage lenders, insurance product providers are...
Michigan Insurer In Talks to Settle Lawsuits Over Fired Workers and COVID-19 Vaccine
Feb 18 2025 // A major Michigan insurance company is in talks to possibly settle more than 100 lawsuits by employees who were fired after declining to get a COVID-19 vaccination, court records show. The disclosure comes three months...
Viewpoint: Insurers Risk Losing Out if They Ignore Embedded Insurance Opportunities
Feb 18 2025 // Embedded insurance is no longer just an emerging trend; it’s becoming a central strategy for retailers and non-insurance brands looking to enhance customer experience, drive loyalty, and generate new revenue...
2025 Insurance Carrier Appointment Renewals for Individual Producers
Feb 18 2025 // This post is part of a series sponsored by AgentSync. New Year, new resolutions, like growing your distribution channel while maintaining compliance! To help you stay on top of your initial appointments, AgentSync Manage...
AI-Assisted BPO: Transforming Submission Automation and RQB for Insurers
Feb 18 2025 // This post is part of a series sponsored by Selectsys. In today’s fast-paced insurance landscape, AI-assisted BPO is redefining operational efficiency, combining human expertise with AI-driven automation to enhance...
Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984
Feb 14 2025 // Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025. Convex said it...
Insurers Escape Coverage for Parents Accused of Hiding Son’s Murder Weapon
Feb 14 2025 // A Pennsylvania husband and wife are not covered by their homeowners or personal umbrella insurance policies for claims they inflicted emotional distress by hiding the gun their son used to kill a friend and thus delaying...
Insurers Have Now Paid Out Nearly $7B for LA Wildfires, Report Shows
Feb 13 2025 // Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last...
AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom
Feb 13 2025 // American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year for $200 billion...
Viewpoint: New Year, Old Challenges for European Insurers
Feb 13 2025 // The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation is still outpacing the Consumer Price Index, and we could see primary insurers...
