All the headlines from our Carriers Topic Page, ordered by recency.
Jan 13 2021 // LONDON – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said.The possibility...
Jan 12 2021 // Editor’s note: This article has been updated to remove life insurance from the list of lines of insurance that the bill covered. That language was removed from earlier versions of the bill, and no longer...
Jan 12 2021 // In its recently published report to the legislature, the windstorm insurer of last resort for properties along the Texas coast has proposed several operational changes, including one that would allow it to develop...
Jan 11 2021 // Texas regulators have denied 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 (TDI) has rejected the...
Jan 11 2021 // Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective advancements...
Jan 11 2021 // It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded for network-monitoring...
Jan 11 2021 // The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014,...
Jan 8 2021 // COPENHAGEN, Denmark (AP) – A landslide that swept away homes in a residential area north of the Norwegian capital will cost insurance companies at least 900 million kroner ($107 million), a financial body said...
Jan 7 2021 // What do Ulysses and his Trojan Horse, the pickpocket Fagan in Charles Dickens’ Oliver Twist and a video of Facebook’s Mark Zuckerberg touting how his company “owns” its customers have in common?They...
Jan 7 2021 // The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022.New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry...
Jan 7 2021 // A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for Texas’ property insurer of last resort for coastal counties is now available for...
Jan 6 2021 // Health insurer Centene Corp. said on Monday it has agreed to buy Magellan Health Inc. in a $2.2 billion deal including debt, looking to build up its mental health services as more Americans struggle with COVID-19-related...
Jan 6 2021 // The board of directors for Union Mutual Insurance Company voted at their December meeting to appoint Philip Lambert to be the company’s vice president of Information Technology and Operations. Lambert starts with the...
Jan 6 2021 // The way liability claims are litigated in Florida will dramatically change, possibly shifting the balance of power in pre-trial negotiations closer to favoring defendants and their insurance companies after the Florida...
Jan 6 2021 // A wave of litigation over business-interruption losses caused by COVID-19 shutdown orders has started splashing into the appellate courts.Appeals of trial court decisions in at least 11 lawsuits have been filed so far, all...
Jan 5 2021 // South African medical-insurance companies, business organizations and the government are developing a program in which the private sector will help fund COVID-19 vaccines for people not covered by insurance.Legislation has...
Jan 5 2021 // UnitedHealth Group Inc. takes the top spot in AM Best’s ranking of the world’s 25 largest insurance companies for a sixth straight year, with $189.7 billion in net premiums written (NPW) in 2019.In addition,...
Jan 4 2021 // Starting Jan. 1, drivers violating Idaho’s hands-free device, distracted driving law risked getting a citation.The law has been in effect since July 1, but Idaho State Police troopers have been issuing warnings to...
Jan 4 2021 // JOHANNESBURG – South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after recent court judgments on such cases but still intends to challenge one finding...
Dec 30 2020 // A federal appeals court on Tuesday upheld a White House-backed rule to require hospitals to disclose the prices they negotiate with insurers for an array of common tests and procedures.The 2-0 decision by the U.S. Court of...