All the headlines from our Carriers Topic Page, ordered by recency.
Apr 7 2020 // More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis.Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15...
Apr 7 2020 // A decision this week by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding that polices within each policy period can be vertically stacked.The decision was...
Apr 7 2020 // Texas’ property insurer of last resort for wind and hail in counties along the state’s coastline is temporarily reducing the amount of premium due in order to issue a policy and providing 75 days to pay the...
Apr 7 2020 // Automobile insurers in Delaware are taking a number of actions in light of COVID-19, the Delaware Department of Insurance (DOI) announced.On Monday, Allstate announced it would embark on a premium payback program resulting...
Apr 7 2020 // The Federation of European Risk Management Associations (FERMA) has called for enhanced understanding of the insurance needs of European businesses to help them get through the pandemic and recover afterwards.“Many...
Apr 7 2020 // The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the level of uncertainties connected to the impact of the COVID-19...
Apr 7 2020 // Australia’s prudential regulator on Tuesday asked banks and insurers to consider deferring dividend payouts or use buffers like dividend reinvestment plans until the impact of the coronavirus pandemic is better...
Apr 6 2020 // A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis.“Indemnity insurers are...
Apr 6 2020 // Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of the COVID-19 pandemic health crisis.The insurer has also pledged to give $10 million to pandemic relief...
Apr 6 2020 // World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were not covered by policies risked destabilizing the insurance industry.With the global economy hammered by...
Apr 6 2020 // The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from the coronavirus would draw “overwhelming” demand when it began selling them...
Apr 6 2020 // What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed in late March — one against a cruise line and another against a pharmaceutical company that claimed to have developed...
Apr 6 2020 // Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak still could be significant,...
Apr 6 2020 // North American property/casualty insurers reported improved 2019 operating performance, but near-term performance will likely be more challenging with the onset of coronavirus and the resulting economic impact, according...
Apr 6 2020 // Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & Gough said in a report.The...
Apr 5 2020 // The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity concerns due to the COVID-19 crisis. In total, Travelers said it is accelerating more...
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well.In his role as a...
Apr 3 2020 // North Carolina Insurance Commissioner Mike Causey has activated an emergency declaration that gives policyholders in all 100 counties the option to defer insurance premium payments should they need to do so. The order was...
Apr 3 2020 // The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm.After affirming a slew of...
Apr 3 2020 // Silicon Valley-based insurance company, Go, is now offering a 50% discount on auto insurance to all essential workers in Texas who are on the front lines of the COVID-19 crisis.Go has partnered with Redpoint County Mutual...