All the headlines from our Carriers Topic Page, ordered by recency.
Feb 1 2021 // NEW DELHI – The Indian government on Monday said it plans to raise limits on how much foreign companies can invest in the country’s insurance industry, a move that could attract inflows from U.S. and European...
Jan 29 2021 // China’s banking and insurance regulator issued draft rules on Friday in which emphasized stronger Communist Party leadership in both state-owned and private banks and insurers to contain corporate governance...
Jan 28 2021 // In a dispute between two insurers, a federal appellate court ruled that GEICO is solely liable for the cost of replacing a Lamborghini worth more than $100,000 that was totaled in a collision with another vehicle.A panel...
Jan 27 2021 // Title insurer First American Financial Corp. reported recently that its property/casualty insurance subsidiaries have entered into book transfer agreements with Safeco Insurance and Heritage Insurance Holdings.The...
Jan 27 2021 // LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say.With less than six months until the...
Jan 27 2021 // The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion.Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a...
Jan 26 2021 // If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers can protect their data.The number of consumers willing to share significant data on...
Jan 25 2021 // JOHANNESBURG— South African insurer Santam Ltd. said on Monday it will start processing business interruption claims for all commercial policies that were affected by a coronavirus-led lockdown in April beyond those of...
Jan 25 2021 // Texas regulators in early January rejected a request for a 5% rate increase by the state’s insurer of last resort for wind and hail for properties along the Texas coast.The Texas Department of Insurance denied the...
Jan 22 2021 // Hallmark Financial Services, a specialty property/casualty company, announced Thursday that it is exploring the separation of its specialty commercial business to unlock its value and improve access to capital.Currently...
Jan 22 2021 // China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country looks to expand...
Jan 21 2021 // It has long been understood that under New York law, an insurance company may recoup defense costs paid on behalf of an insured once it has been ultimately determined that there was no coverage in connection with the...
Jan 20 2021 // AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer Hallmark Insurance Group nor the “bbb-” long-term issue credit rating...
Jan 19 2021 // The Texas Division of Workers’ Compensation (DWC) has extended until June 2021 its mandatory data call for information related to COVID-19 injuries reported to selected insurance carriers on or after Dec. 1, 2019.The...
Jan 19 2021 // Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers.One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity,...
Jan 15 2021 // MMG Insurance Company has promoted Kayla O’Malley Dill to vice president of Marketing and Business Development, effective January 4, 2021. Dill is based in Maine. Dill joined the Company in 2013 as senior marketing...
Jan 14 2021 // Global insurance broker Marsh has unveiled for the second time its group of Cyber Catalyst designated products and services judged by leading cyber insurers to be effective in combating significant cyber risks, including...
Jan 14 2021 // Major U.S. insurers on Wednesday decided to suspend contributions to political campaigns for the next few months, following last week’s violence at the U.S. Capitol and challenge to President-elect Joe Biden’s...
Jan 13 2021 // Florida homeowners’ insurance specialists are reporting continued performance deterioration and a decline in capitalization levels, despite the most severe losses from the record 2020 hurricane season occurring...
Jan 13 2021 // The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration...