All the headlines from our Carriers Topic Page, ordered by recency.
May 30 2024 // The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction Russia’s Ingosstrakh Insurance Co., as part of efforts to choke revenue generating streams...
May 29 2024 // The Pennsylvania Insurance Department (PID) is reminding insurers of their obligation to conduct a physical inspection to confirm the type and extent of damage to a roof supposedly evidenced by aerial imagery.The...
May 29 2024 // One of Colombia’s biggest health insurers will gradually cease operations in the country’s public system to avoid further deterioration in its finances.Grupo de Inversiones Suramericana SA’s public...
May 24 2024 // Data fraud, questionable accounting practices and intensified catastrophes are just some of the issues that have battered the voluntary carbon market.Those misfortunes have helped spur a new line of business: Insurance...
May 24 2024 // Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday.The...
May 23 2024 // The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence.The net combined ratio for the homeowners business,...
May 21 2024 // Auto insurance websites and apps are doing a good job of delivering foundational functional capabilities, bringing in more customers than agents and call centers. But far fewer are providing the type of value-added...
May 21 2024 // Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as well as plans to sell their holdings in client companies.MS&AD,...
May 21 2024 // Philadelphia Indemnity Insurance Co. is suing a Connecticut couple the insurer alleges defrauded its insured, a Florida theater nonprofit, by using the organization’s checking and credit card accounts for more than a...
May 20 2024 // Question: Are standard, admitted, insurance carriers relevant commercial markets?Arthur J. Gallagher stated in their 2020 10K that 50% of the total U.S. commercial property/casualty market is written through alternative...
May 20 2024 // Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas.“As you go through...
May 20 2024 // Last year while I was out of town, a roofing company showed up at my home and told my wife there had been a hailstorm recently, so they were visiting impacted neighborhoods and providing free inspection services. She let...
May 16 2024 // Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review.The iptiQ business lost $250 million in 2023, but the loss was projected to be less in 2024. Nevertheless,...
May 16 2024 // The Maine Bureau of Insurance has approved a 15.7% average rate reduction in workers’ compensation insurance premiums for Maine Employers’ Mutual Insurance Co. (MEMIC), the largest workers’ compensation...
May 16 2024 // Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory...
May 15 2024 // A New York Times article this week reported troubles in Iowa and insurers pulling up stakes from the Hawkeye State, leaving the homeowners’ insurance market. The exits were prompted by horrendous financial results...
May 13 2024 // Insurer Bowhead Specialty is targeting a valuation of about $491 million in its initial public offering in the United States, as it joins a slew of companies preparing to list amid a rebound in the capital markets.The...
May 10 2024 // Insurers are applauding a move by California Gov. Gavin Newsom to try and expedite the insurance rate filing process.Newsom made the proposal while discussing the state’s budget. It was mentioned in a press...
May 10 2024 // After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto insurers are the furthest ahead when it comes to innovation.Personal auto insurers’...
May 9 2024 // Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California.The Chevron-chartered tanker...