All the headlines from our Carriers Topic Page, ordered by recency.
Dec 21 2023 // HDI Global Insurance Company (HDI) has acquired Indiana Lumbermens Insurance Company (ILIC), a subsidiary of Pennsylvania Lumbermens Mutual Insurance Company (PLM). HDI has purchased one hundred percent (100%) of the...
Dec 21 2023 // (Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government.A jury in federal court in Manhattan decided...
Dec 21 2023 // NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has received “in principle” approval from Lloyd’s to launch a syndicate, which will be managed by Apollo Syndicate...
Dec 19 2023 // The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish...
Dec 19 2023 // A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off the coast of Indonesia — was shut down by the Marshall Islands, the firm’s only published...
Dec 19 2023 // Recent Florida legislation that has limited plaintiffs’ attorney fees and has raised the bar for bringing bad-faith claims against insurers appears to have already had an impact on the level of claims litigation in...
Dec 18 2023 // London’s marine insurance market has widened the area in the Red Sea it deems as high risk after a surge in attacks on commercial ships, according to a statement issued on Monday.Guidance from the Joint War Committee...
Dec 15 2023 // Maersk Tankers is to insist its fleet of fuel carriers have the option to avoid the Red Sea following an escalation in attacks on merchant ships in the area.The decision, set out in a notice seen by Bloomberg,...
Dec 14 2023 // Jose Castillo didn’t ask his insurance company to defend him from a lawsuit that alleged his shoddy construction caused millions of dollars in water damage to a townhouse project, so his insurer didn’t provide...
Dec 13 2023 // Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property insurers will continue to...
Dec 12 2023 // Optio Group, the London-based specialty managing general agent (MGA), announced it has entered into an agreement with a new insurer partner to provide underwriting capacity for political violence and terrorism (PVT)...
Dec 11 2023 // New York Attorney General Letitia James today secured $400,000 from dental insurance provider Healthplex, Inc. for failing to properly protect the personal and medical information of New Yorkers.Healthplex, a Long...
Dec 11 2023 // On October 27, 2023, Florida’s 5th District Court of Appeal ruled that a personal injury protection pre-suit demand letter needs to include only a billing ledger and does not need to state the exact amount that the...
Dec 8 2023 // Insurance companies in Kansas will pay a reduced surplus lines tax rate beginning next year after the legislature passed a law lowering the surplus tax rate from 6% to 3% for tax years 2024 and after.Kansas insurance...
Dec 7 2023 // Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots.Political violence cover, which...
Dec 6 2023 // This post is part of a series sponsored by CoreLogic.‘Busy season’ can mean a lot of things, depending on the industry you’re talking about. For accountants, the busy season leads up to the day taxes are...
Dec 6 2023 // Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance.Hail was the costliest category for insurance claims by the renewables...
Dec 6 2023 // Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of Insurance Supervisors said in a report on...
Dec 5 2023 // Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive more than $1 billion in profit from the program each year, according to a government...
Dec 1 2023 // Brinson Caleb “BC” Silver, former chief marketing officer for insurtech Root, has pleaded guilty to stealing more than $10 million from his former employer and violating court orders.According to the U.S....