All the headlines from our Carriers Topic Page, ordered by recency.
Jan 10 2025 // Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for...
Jan 10 2025 // Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton Fire that is still burning in Los Angeles, but said no fire agencies have pointed the...
Jan 10 2025 // The New Jersey Supreme Court recently ruled that an insurer had no duty to defend an insured employer against an injured employee’s personal injury lawsuit alleging negligence and intentional harm.The high court...
Jan 9 2025 // The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California’s massive state-sponsored insurance...
Jan 9 2025 // There is a risk crisis affecting the insurance industry.Hurricanes Helene and Milton left a trail of tens of billions of dollars of destruction across the southeastern United States. These latest storms have shown that no...
Jan 7 2025 // The Swiss insurer has hired JPMorgan Chase & Co. and plans to collect non-binding offers for the unit in the coming weeks, the people said, asking not to be identified discussing non-public information. Helvetia could...
Jan 6 2025 // Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most dangerous...
Jan 2 2025 // The world’s biggest climate coalition for financial firms is making adjustments after several high-profile banks, insurers and asset managers opted out.The Glasgow Financial Alliance for Net Zero, which was...
Jan 2 2025 // Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his...
Dec 31 2024 // British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday [Dec. 23], creating the UK’s...
Dec 23 2024 // Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer.Each Direct Line shareholder will be entitled to receive...
Dec 20 2024 // Noblr, a USAA Insurance subsidiary offering insurance through an online quoting application, will pay $500,000 following a data breach that New York officials say affected 80,000 people and led to fraudulent unemployment...
Dec 19 2024 // European insurers approached the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to present more challenges, with...
Dec 18 2024 // This story has been edited for clarity.In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued litigation and roof claims were not...
Dec 17 2024 // New York’s largest taxi insurer that is facing serious financial and regulatory challenges has filed a lawsuit seeking more than $450 million against medical providers it alleges have been part of a huge fraud scheme...
Dec 16 2024 // International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out.Rising losses from storms, hurricanes and...
Dec 16 2024 // Swiss insurer Helvetia plans to cut jobs and relocate some workers as part of an efficiency program aimed at saving about 200 million francs ($224 million) over the next three years.The measures will affect around 500...
Dec 13 2024 // W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies’ demands for $250 million in additional collateral for taking apart old oil...
Dec 12 2024 // New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.That measure is one of several options...
Dec 12 2024 // Carriers are on the hunt for quality agencies to make new appointments, according to a new report, which also found that the top way they’re finding them is at industry tradeshows and events.While face-to-face...