Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

Car Premiums to Rise Again as British Insurers Feel the Heat

Aug 30 2023 // Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned.Admiral Group Plc will continue increasing motor insurance prices and expects...

Lufthansa Weighs Sale of Aviation Insurance Broker, Insurer: Sources

Aug 30 2023 // Deutsche Lufthansa AG, the German airline, is looking to sell its insurance brokerage unit Albatros and insurance business Delvag, according to people familiar with the matter.The country’s largest carrier is working...

Libor Zombies Pit Hedge Funds Against Banks, Insurers in High-Stakes Feud

Aug 28 2023 // One of the most lucrative, and contentious, trades of 2023 has emerged in an obscure corner of financial markets, minting overnight profits for the hedge fund crowd of as much as 35%.The play: Load up on 1980s-era bank...

Appeals Court Blasts Insurer’s Conduct in Denying Claim Over Insured’s Conduct

Aug 28 2023 // Philadelphia Indemnity Insurance Co. is not entitled to the summary judgment it was granted by a federal district court in a building fire case in which it claimed the insured was not cooperative in accommodating its...

Washington Commissioner’s Orders Insurers to Extend Policyholders Protections for Wildfires

Aug 25 2023 // Washington state Insurance Commissioner Mike Kreidler issued an emergency order requiring all property/casualty insurers to provide additional protections for policyholders impacted by the Gray and Oregon Road fires.The...

Nova Scotia Floods Cost Insurers More Than C$170 Million

Aug 25 2023 // An atmospheric river event that led to significant flooding in parts of Nova Scotia on July 23, 2023, is estimated to have caused over C$170 million (US$125.5 million) in insured damage, according to the Insurance Bureau...

Insurers to Pay $50M in Settlement Over Abuse at West Virginia Boarding School

Aug 25 2023 // CHARLESTON, W.Va. (AP) — A second lawsuit that alleged widespread sexual, physical and mental abuse at a now-closed West Virginia boarding school for troubled youths has been settled for about $50 million, to be paid...

How Aerial Imagery and AI are Helping Florida’s Insurers with Climate Change and Fraud

Aug 25 2023 // Residents of Southeastern states like Florida will be looking ahead to the heart of hurricane season with trepidation. With climate change bringing storms that are wetter, slower and more prone to intensifying rapidly,...

Insurer Berkley Wants Judge in Virginia to Toss $5.8M Jury Verdict Over Mold Claim

Aug 23 2023 // Berkley Assurance Co. is asking a federal judge in Virginia to throw out a $5.8 million jury verdict against it in a case where the insurer maintains a construction firm failed to notify it of its mold claim in a timely...

Insurance 101: What Are Captive Insurance Companies and How Do They Operate?

Aug 23 2023 // This post is part of a series sponsored by AgentSync.From rental cars to groceries to Netflix subscriptions, it seems nothing is safe from price increases these days – including insurance. There’s no denying that,...

Insurers Raise Premiums for Black Sea Oil Tankers as Tensions Mount: Traders

Aug 23 2023 // Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known as “war risk premiums,” four traders said.A war risk premium was...

Small Businesses Give Record-High Ratings to Commercial Insurers: JD Power

Aug 23 2023 // Small businesses across the U.S. are increasingly satisfied with the products and services they receive from their commercial insurance providers.According to the 11th annual JD Power 2023 U.S. Small Commercial Insurance...

InsurSign: The DocuSign for Carriers & Agencies

Aug 22 2023 // San Francisco, CA., August 22, 2023 — InsurSign is proud to announce the launch of its flagship product, InsurHub, a more affordable alternative to DocuSign, offering unlimited signatures and designed specifically...

Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports

Aug 22 2023 // Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea.The service could start as soon as early September, though a...

Private Flood Insurers See Opportunity as NFIP Increases Rates

Aug 21 2023 // While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share...

Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch

Aug 18 2023 // Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine big market...

Social Media Investigations Are a Winning Strategy for Insurers

Aug 17 2023 // If you’re a plaintiff in an injury lawsuit against your insurer, you might want to ask your wife not to post videos online of you frolicking in a swimming pool.An Instagram post by a woman that showed her husband, an...

UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit

Aug 16 2023 // Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the...

Insurers Fume at Proposal That May Crimp Private Investments

Aug 16 2023 // Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in deals sold in fast-growing private markets that offer higher yields but often bring...

Insurer Argues Baltimore Not Covered for Employee’s Sexual Abuse of Minors

Aug 16 2023 // Philadelphia Indemnity Insurance Co. is asking a federal court to declare that it does not have to indemnify Baltimore officials who have been targeted in a class action that was filed after a former city security guard...