All the headlines from our Carriers Topic Page, ordered by recency.
Jan 30 2024 // Financial firms in the European Union look set to be hit by a new ESG requirement that they lobbied hard to avoid.The European Parliament and the European Council are moving toward an agreement that banks, asset managers...
Jan 29 2024 // Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, a top official at its biggest insurer by assets said.After staying almost flat...
Jan 26 2024 // A group of 12 insurance companies cannot yet appeal a trial court’s finding that contamination exclusions did not bar coverage for a chemical plant that was damaged when 90 tons of liquid chlorine leaked from a...
Jan 26 2024 // Greater New York Mutual Insurance Co. signed a lease at the Empire State Building.GNY Mutual, which currently has offices on Madison Avenue, agreed to a 17-year deal for a full floor at the famous New York tower, with...
Jan 25 2024 // The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category.While no single weather event caused more than $10 billion in losses for insurers last year,...
Jan 24 2024 // Most U.S. insurers plan to take on more investment risk in 2024, and said the risks associated with the use of artificial intelligence (AI) in the investment process are outweighed by the potential benefits of the...
Jan 23 2024 // The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or...
Jan 23 2024 // Australia imposed cybersecurity sanctions for the first time on a Russian hacker over his role in the breach of healthcare insurer Medibank Private Ltd. that exposed the sensitive private data of millions of...
Jan 22 2024 // I recently read an article regarding how the U.S. Senate wants to investigate how well reserved Florida Citizens is because of their expressed concern that if a large hurricane destroys enough property insured by Florida...
Jan 22 2024 // The board of Mutual Insurance Company of Arizona declared a dividend for its policyholders totaling $15 million.The funds are to be allocated among current members, with plans for it to be distributed in February 2024. The...
Jan 19 2024 // Alera Group, an insurance and financial services firm in the U.S., announced the acquisition of CLS Healthcare Liability Specialists. Based in North Palm Beach, Florida, CLS provides malpractice coverage for physicians,...
Jan 19 2024 // The excess and surplus lines homeowners’ insurance market in California has undergone significant changes in recent years.The number of policies has changed substantially in over the last decade—first increasing,...
Jan 18 2024 // According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6%—and its private-auto...
Jan 18 2024 // Commissioner Andrew Mais of the Connecticut Insurance Department announced a 37% increase in the state’s captive insurance sector in 2023.According to Mais, this growth includes the addition of 10 new captive...
Jan 18 2024 // Chris Nunnally joined Alliant Insurance Services as senior vice president within its employee benefits group. Nunnally is based in Boston, Massachusetts.Before working with Alliant, Nunnally was area vice president within...
Jan 18 2024 // New York City housing is often jammed into tight spaces. Old houses are carved into several apartments. Not all of them are legal.Alexi Home Design’s property in the Bronx had two official residences on the main...
Jan 17 2024 // New York State is proposing guidance for insurance carriers to prevent unfair discrimination in their use of artificial intelligence and external data sources in underwriting and pricing.A circular letter from...
Jan 17 2024 // Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they navigate the southern Red Sea, another sign of blowback since the two nations’ airstrikes on Yemen last...
Jan 16 2024 // Agents continue to favor carriers and MGAs that offer automation, ranking ease of doing business and time savings at the top of the list of value they get from connectivity, according to a newly released survey by...
Jan 12 2024 // The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers who make riskier investments, as corporate pension providers...