All the headlines from our Carriers Topic Page, ordered by recency.
Aug 14 2020 // A Nebraska county that owes $28.1 million to six people wrongfully convicted of murder reached a settlement with several insurance companies to help pay part of the judgment.The Gage County board approved agreements with...
Aug 14 2020 // Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week with Lloyd’s of London and other international players expected to be less exposed, insurance...
Aug 14 2020 // It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of insurtech-type solutions for...
Aug 13 2020 // The legal panel on multidistrict litigation (MDL) has denied a proposal to consolidate cases brought by multiple businesses against various insurers for coronavirus-related business losses.The U.S. Judicial Panel on...
Aug 13 2020 // Lansing, Michigan-based Accident Fund Insurance Company of America, a national provider of workers’ compensation insurance, has granted $3.5 million in early dividend payments to policyholder groups that achieved...
Aug 12 2020 // A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a...
Aug 12 2020 // Insurer Admiral reinstated its special dividend on Wednesday as it reported a jump in first-half earnings, the latest car insurer to benefit from a slump in claims as coronavirus lockdowns kept Britons off the road in...
Aug 11 2020 // The stage has been set for a major battle over a California bill due to be heard in the next few weeks in a key committee that opponents say is a direct attack on insurance consumer protections and proponents say is the...
Aug 11 2020 // Fashion firm Ralph Lauren Corp. is suing its insurer to recoup what it says has been a huge drop of two-thirds of its revenues in the first quarter alone due to the pandemic.Ralph Lauren Corp. (RLC) maintains that Factory...
Aug 11 2020 // The board of directors of Texas’ property insurer last resort for wind and hail in the state’s coastal counties has voted to file a 0% rate change with the Texas Department of Insurance.The Texas Windstorm...
Aug 11 2020 // Honda Motor Co. is offering an app that scores the safety of car owners’ driving habits and links with insurance carriers that can offer discounts to drivers who are deemed a good risk.The Driver Feedback app is...
Aug 11 2020 // The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident.The incident has befouled the white-sand...
Aug 10 2020 // Like the rest of us, the world’s finance industry is still wrestling with the huge uncertainty of a pandemic that doesn’t yet have an end. The sector’s reputation took a battering after the financial...
Aug 9 2020 // Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese port of Tianjin in 2015, industry sources and analysts say.The blast on...
Aug 7 2020 // South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether insurers should pay rejected claims from firms hit by the impact of the coronavirus,...
Aug 7 2020 // Following a previous announcement on June 5, 2020, Randall & Quilter Investment Holdings Ltd.’s (R&Q) wholly owned Vermont subsidiary, ICDC Ltd, has completed the acquisition of NationsBuilders Insurance Co....
Aug 7 2020 // The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus.In a case brought by the owner of several restaurants...
Aug 7 2020 // World Insurance Associates LLC (WIA) acquired Novak Agency Insurors of Largo, Fla., on June 1, 2020. Terms of the transaction were not disclosed.Novak Agency Insurors will be managed out of WIA’s Saint Petersburg...
Aug 6 2020 // DARAG Group Ltd., the Malta-based legacy acquirer, announced the acquisition of Arisa Assurances SA, an automobile and travel insurance company based in Luxembourg.The transaction will be conducted through DARAG’s...
Aug 6 2020 // AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related to COVID-19 and warned of further shocks from the pandemic.The French insurer saw net income fall 39%...