All the headlines from our Carriers Topic Page, ordered by recency.
Mar 12 2024 // Australia’s worsening climate change may see insurance companies and banks withdraw their services from communities vulnerable to extreme events, potentially triggering “cascading effects” across the...
Mar 11 2024 // Mississippi could soon join the growing list of states with grant-funded wind fortification programs for homeowners, thanks to a bill that’s moving through the state Legislature.The state House of Representatives...
Mar 11 2024 // SALT LAKE CITY, UT., March 11, 2024 — Rick J. Lindsey, President and CEO of Prime Insurance Company, a specialty insurance carrier, announced today that the company partnered with Mega Trucking to fight and win frivolous...
Mar 8 2024 // The US government is stepping away from its effort to collect data on home insurance prices and availability at the Zip code level as premiums soar and climate risks to property intensify. Instead, it will join in a...
Mar 8 2024 // Belgian insurer Ageas has brought in an additional adviser as it presses ahead with a potential takeover offer for Britain’s Direct Line, three sources familiar with the matter told Reuters.Ageas has lined up...
Mar 8 2024 // Washington state Insurance Commissioner Mike Kreidler fined insurers and producers $66,328 in January and February.Kreidler’s fines in January included New York Life Insurance Co. to the tune of $46,328 for failing...
Mar 6 2024 // Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim filing requirements for victims of last summer’s Spokane County...
Mar 6 2024 // The Barbados-flagged True Confidence bulk carrier was hit by a missile on Wednesday 50 nautical miles southwest of Yemen’s Aden, with a fire continuing onboard, the vessel’s owner and operator said.“The...
Mar 6 2024 // Lerant Joins South & Western as Business Development SpecialistLou Lerant recently joined South & Western Insurance as a business development specialist. South & Western Insurance, based in Addison, Texas, is a...
Mar 5 2024 // The head of two property insurance companies set to enter the Florida market this year is warning state lawmakers that bills that would limit some policy cancellations and nonrenewals after storm damage could do more harm...
Mar 4 2024 // Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for a minimum fixed consideration of £242 million (US$306.2 million).The transaction includes...
Mar 4 2024 // The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last...
Mar 4 2024 // Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re’s Strategic and Financial...
Mar 1 2024 // A dispute between an insurer and a yacht owner went all the way to the U.S. Supreme Court with a decision recently—the first of its kind on marine insurance in about 70 years—to clarify federal maritime law and state...
Feb 29 2024 // The Smokehouse Creek Fire has grown to more than 1 million acres in the Texas Panhandle, making it the second-largest wildfire in state history.The fire is 3% contained as of Thursday morning according to officials with...
Feb 29 2024 // Fitch Ratings said it expects underwriting results for U.S. personal auto insurer to continue to improve this year but the pace to profitability will vary.Auto insurers Progressive and GEICO were the only two of 10...
Feb 28 2024 // Climate activists are putting pressure on the European Union to reconsider its decision to exclude banks from a landmark deforestation rule, in a move designed to preempt an official review of the regulation next...
Feb 23 2024 // U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings.The rating agency said premium revenue growth, tied to recent substantial price increases and more diligent underwriting to manage...
Feb 23 2024 // In the glittering world of high-end south Florida real estate, One Sotheby’s International Realty is known as one of the biggest players in the market. This month, the firm is handling the rental of NBA superstar...
Feb 21 2024 // The underwriting of liquefied natural gas (LNG) capacity in the US by major global insurers is at odds with their climate ambition, according to a report from activist groups including Public Citizen and Rainforest Action...