All the headlines from our Carriers Topic Page, ordered by recency.
Mar 20 2020 // While legislators in Washington and states try to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, outside pressure is mounting on private property/casualty...
Mar 20 2020 // A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial business interruption coverage for policyholders.Eighteen House members made...
Mar 20 2020 // The New York State Department of Financial Services (DFS) has instructed insurers to submit details of business interruption policies that have been provided to insureds, as well as the coverage each policy offers...
Mar 20 2020 // Insurance departments across the Southeast are notifying industry representatives of updated procedures and expectations in response to the coronavirus outbreak, while also acknowledging the potential for a serious impact...
Mar 20 2020 // New York, NY, March 20, 2020 − Safe Drive Systems (SDS), a leading developer and distributor of aftermarket advanced auto safety technologies, and its partner, Berkshire Hathaway GUARD Insurance Companies, have announced...
Mar 19 2020 // U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said.Life insurers are worried about...
Mar 19 2020 // The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to a leading insurance analyst.KBW’s Meyer Shields believes that the...
Mar 19 2020 // The UK Financial Conduct Authority (FCA) reminded insurers on Thursday to have “robust” operational resilience and business continuity plans in place to respond to possible disruptions caused by the coronavirus...
Mar 19 2020 // A Colorado man and his insurance company paid $500,000 to the U.S. government over a wildfire that burned federal land in the state.Dale Owns and Grange Insurance Association made the payment to resolve liability for the...
Mar 19 2020 // A proposed New Jersey bill, which aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions in many policies, has drawn concern about the constitutionality of legislation...
Mar 18 2020 // Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog...
Mar 18 2020 // Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels,...
Mar 18 2020 // In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty insurers merit scores high enough to categorize them as innovation leaders, according to a recent...
Mar 18 2020 // Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible...
Mar 18 2020 // The Florida Office of Insurance Regulation (OIR) is directing all insurers to review and update their business continuity and/or continuity of operations plans in light of the current outbreak of coronavirus strain...
Mar 16 2020 // A federal appellate court threw out most of the claims by automotive body shops in Indiana, Utah and Mississippi that alleged that major insurers violated antitrust laws and engaged in anticompetitive practices by steering...
Mar 16 2020 // British insurers Admiral, Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their websites on Friday.“The ongoing global situation with coronavirus means there’s much...
Mar 16 2020 // Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are moving into new houses built on or near the same plots.But while banks have been only too willing...
Mar 16 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group.Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
Mar 15 2020 // Last Friday, American Family Insurance Co. closed a regional office out of concern that an employee may have been exposed to an airline passenger on a March 4 domestic flight who later tested positive for...