All the headlines from our Carriers Topic Page, ordered by recency.
Oct 9 2020 // The Board of Directors of Union Mutual Insurance Company voted unanimously last week to elect Lisa L. Keysar to the role of President and CEO. Keysar is the 15th person to assume the role and succeeds Michael Nobles, who...
Oct 9 2020 // Nigeria’s insurance market has great potential given its position as Africa’s largest economy, its substantial oil and gas reserves and its young and growing population. Yet Nigeria’s insurance market has...
Oct 9 2020 // Newfront Insurance in San Francisco, Calif., has named Natalie Parker head of carrier partnerships. Parker will oversee carrier relationships for Newfront, and join its executive team. She joins Newfront from Alliant...
Oct 8 2020 // Pathpoint, a new brokerage for excess and surplus lines, is billing itself as an all-digital wholesale brokerage built from the ground up.Pathpoint is licensed across the U.S. and is a coverholder at Lloyd’s of...
Oct 8 2020 // Claims errors continue to be the most frequent reason that property/casualty insurers are cited by regulators when responding to market conduct complaints or during routine examinations, according to a report by Wolters...
Oct 8 2020 // Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and...
Oct 6 2020 // Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow their reach more than they have been able to thus far on their own, Carrier Management...
Oct 6 2020 // A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing firm Lyft’s drivers now also have access to coverage from Allstate and Liberty...
Oct 6 2020 // Allianz SE, Europe’s largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown.A unit of Allianz, which says it’s the largest insurer...
Oct 6 2020 // The state of South Carolina is aiming to foster new flood insurance coverage options through the enactment of the South Carolina Private Flood Insurance Act.South Carolina Gov. Henry McMaster signed the legislation, passed...
Oct 6 2020 // Root, Inc., the parent company of Root Insurance Co., has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.The number of shares to be...
Oct 5 2020 // Insurance carriers could increasingly target insurtechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, according to a report.“As insurers move toward late 2020 and...
Oct 5 2020 // The wholly-owned subsidiary of Trean Insurance Group, Benchmark Holding Co., Inc., has completed the acquisition of South Carolina-based 7710 Insurance Company, as well as its associated program manager and agency.7710...
Oct 5 2020 // Insurers have succeeded in dismissing COVID-19 business-interruption lawsuits in 17 out of 23 cases heard so far, with a growing number of judges finding that some tangible alteration of a property is required to trigger...
Oct 5 2020 // UK insurance company Liverpool Victoria said it’s in exclusive talks with Bain Capital LP over a potential deal.The company, known as LV=, began a strategic review in June that included the possibility of a full or...
Oct 5 2020 // The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it will also be one of the last industries to recover. Even as travel has ticked up...
Oct 5 2020 // Workers’ Compensation Premiums Down 8% in First Half of 2020Prior to discussing the results of our review of aggregate workers’ compensation insurance written in the U.S. during the first half of 2020 versus...
Oct 5 2020 // As claims related to the economic fallout from the pandemic emerge in the U.S. directors and officers (D&O) liability insurance segment, insurers can expect the claims to take several years to pay out and underwriting...
Oct 5 2020 // Top 10 Hold 72% of Market: AM BestDespite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting...
Oct 5 2020 // A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming away with a federal appellate court ruling that policyholders don’t have to prove that...