All the headlines from our Carriers Topic Page, ordered by recency.
May 13 2020 // This is the second in a series of posts where I am responding to certain pending legislation geared toward forcing insurance companies to pay for claims for losses related to virus and pandemic.Assessing insurers means...
May 13 2020 // Brit Ltd. announced plans to launch Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, in collaboration with Google Cloud.Launching in 2021, Ki will be a “follow-only” syndicate,...
May 13 2020 // Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show.The Trans Mountain pipeline, which ships types of crude oil and refined...
May 12 2020 // An executive order by California Gov. Gavin Newsom last week is the most aggressive yet among the directives issued by 13 states that require workers’ compensation insurers to pay at least some COVID-19...
May 12 2020 // San Francisco-based children’s clothing boutique Mudpie Inc. has filed a class action lawsuit on behalf of California-based retail stores against an insurance provider, saying the small businesses were wrongfully...
May 12 2020 // Carmel, Indiana-based Protective Insurance Corp. (Protective) reported that a special committee of independent directors has been formed to evaluate a contingent sale agreement offered by certain Protective shareholders...
May 12 2020 // Airmic, the UK association for risk and insurance professionals, has urged the insurance market to adopt a more responsible and business sensitive position on the COVID-19 pandemic or risk long-term damage to trust and...
May 12 2020 // Citizens Property Insurance Corp., Florida’s insurer of last resort, has moved forward with an independent study that will evaluate the insurer’s potential exposures from the state’s troubled property...
May 11 2020 // While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won’t be seen until the second half of...
May 11 2020 // Tokio Marine, the Tokyo-based property and casualty insurer, will use an artificial intelligence (AI) solution to process auto damage across its insurance operations in Japan, accelerating claims processing for...
May 10 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 28%, or nearly 20,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according...
May 8 2020 // Extensive severe weather events in the United States during April cost insurers billions of dollars, according to the latest edition of Aon’s Global Catastrophe Recap report.There were 14 killer tornadoes in the U.S....
May 8 2020 // An insurer that failed to pay a claim within 60 days cannot be considered the prevailing party even if a claimant is eventually awarded less than the carrier’s settlement offer, a divided Oklahoma Supreme Court...
May 7 2020 // AF Group has named Ian Podmore as director of Captive Operations at AF Specialty. Podmore will focus on business growth and profitability for new markets and business opportunity development through the use of insurance...
May 7 2020 // The Progressive Corp. said its results for the first quarter were “significantly impacted” by the spread of the coronavirus and social distancing and shelter-in-place restrictions. Despite a 30% increase in...
May 7 2020 // Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators said.Disputes over cover for businesses...
May 7 2020 // Preferred Mutual Insurance Company has appointed two new members to the company’s board of directors.Joining the board are Heidi Hoeller, retired partner at PricewaterhouseCoopers (PwC), and Dr. Michael Hayduk,...
May 6 2020 // The arrival and spread of COVID-19 has had significant and far-reaching social and economic impacts upon individuals and businesses throughout the United States. In an effort to curtail the spread of the virus, local and...
May 6 2020 // “I think there was an attempt to dissuade the public from filing these claims and to shape the public opinion that this was not property damage,” said Steven C. Marks, managing partner at Miami-based Podhurst...
May 6 2020 // Louisiana’s chief insurance regulator wants insurers to consider offering premium relief to their commercial auto insurance customers due to the impact of the Coronavirus pandemic.Insurance Commissioner Jim Donelon...