All the headlines from our Carriers Topic Page, ordered by recency.
Nov 2 2023 // New York Attorney General Letitia James announced an agreement with one of the nation’s largest title insurance companies to end its poaching agreements with competitors. The insurer, First American Financial Corp.,...
Nov 2 2023 // This post is part of a series sponsored by IAT Insurance Group. The Federal Motor Carrier Safety Administration (FMCSA) is bringing Accident Recordkeeping Requirements back to the future.Retired after the Compliance,...
Nov 1 2023 // Verisk Analytics beat market expectations for third-quarter revenue and profit on Wednesday, as more insurance companies used its products to assess risk.The data analytics company’s products cater to insurers across...
Nov 1 2023 // China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat of support measures to revitalize the country’s stock market.The Ministry of Finance will...
Oct 31 2023 // Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in Florida.This may be a good time for a new business venture by an...
Oct 30 2023 // Shenzhen Shouhui Technology Group Ltd., a Chinese online insurance platform, is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter.China International...
Oct 27 2023 // SiriusPoint Ltd., the specialty insurer and reinsurer, and managing general agent Banyan Risk Ltd. announced an extension of their capacity partnership.The deal extends for three years the Bermuda-based companies’...
Oct 27 2023 // A federal appeals court this week upheld a $12 million jury award against a gravel and waste-hauling company in a horrific highway accident that killed four Spanish women who were on vacation in the Florida Keys in...
Oct 26 2023 // AgentSync doubles down on building the most modern and connected producer management and compliance solutions to provide flexibility in distribution channels for carriers, agencies, and MGAsDENVER, CO, October 26, 2023 —...
Oct 24 2023 // Matching requirements for roofs and interior furnishings have been a tough issue in the property insurance industry for years. Recent developments show how insurers and regulators in different Southeast states are managing...
Oct 23 2023 // AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b+” (Marginal) from “bbb-” (Good) of Badger Mutual...
Oct 20 2023 // The Oklahoma Insurance Department’s Captive Insurance Division reported a 25% net gain in captive insurers for 2023.As of September 30, the state has licensed 11 new captive insurers for the year. There are 55...
Oct 19 2023 // Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with...
Oct 17 2023 // Mind Foundry Ltd., an artificial intelligence startup vying to help insurers decide which drivers should be covered, has raised $22 million in funding, the latest sign of growing demand to deploy AI in critical sectors...
Oct 17 2023 // The Mississippi Supreme Court has ruled that an insurer misunderstood when a three-year statute of limitations begins in dismissing the insurer’s claims relating to a fire on an insured’s property.The high...
Oct 16 2023 // Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn’t mean they aren’t keeping their options open due to the rising cost of premiums.According to the J.D....
Oct 13 2023 // Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses.Forty-eight percent of participants reported they...
Oct 13 2023 // Warren Buffett’s buying of Japanese trading firms helped propel the nation’s stocks to multi-decade highs. Six months on, insurers and banks are emerging as the next potential value targets.Insurers have low...
Oct 12 2023 // The U.S. title insurance industry saw its volume of net premium written decline by 16.1% in 2022, to approximately $20.9 billion, following a decade of growth during which this level had more than doubled, according to a...
Oct 12 2023 // Insurance department omnibus bills in state legislatures are often seen as housekeeping or budget items that may revise regulatory language, fund insurance department positions or clean up the wording of previous laws.But...