Latest Carriers Headlines

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

Experts Urge Empathy, Thoughtfulness for Insurers in Challenging Cyber Landscape

Mar 1 2023 // Powered by InsuranceJournal.tvWhile the continuously evolving cyber threat landscape is a growing problem for insurers, experts on this episode of The Insuring Cyber Podcast say it’s not an insurmountable one, and...

Specialty Re/Insurer Canopius Expands in APAC, With Launch of Melbourne Office

Mar 1 2023 // Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with...

Insurers to Pay Bangladesh Shipping Corp. $22.48M for Vessel Hit by Missile in Ukraine

Mar 1 2023 // Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a missile during fighting in Ukraine, two officials involved said on Tuesday.The expected settlement is...

Florida’s SB 2A Ended One-Way Legal Fees. Now Some Insurers Say it’s Retroactive

Mar 1 2023 // Plaintiffs’ attorneys took it on the chin when Florida lawmakers in December approved Senate Bill 2A, which ended the practice of one-way attorney fees in property insurance litigation.Now, though, a number of...

People Moves: Travis joins Brotherhood Mutual Insurance Company as Senior Vice President

Feb 28 2023 // Travis joins Brotherhood Mutual Insurance Company as Senior Vice President Brotherhood Mutual Insurance Company, based in Fort Wayne, Indiana, has named Abel Travis its new senior vice president, affiliate...

Georgia Bill Would End Direct Action Suits Against Insurers in Truck Accidents

Feb 28 2023 // Truck insurers would be able to avoid being named as defendants in lawsuits filed after trucking accidents under a bill moving through the Georgia General Assembly.Senate Bill 191, reported favorably last week by the...

Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus

Feb 28 2023 // This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal, which cover the insurance industry’s startups and innovators.Trium Cyber is the...

How Agentsync Helps Insurance Producers and Adjusters Manage Carrier Requirements for Paper Licensing

Feb 27 2023 // This post is part of a series sponsored by AgentSync. While modern insurance infrastructure allows insurance carriers to access to-the-day reporting for insurance producers’ and adjusters’ licenses, many still...

Lindberg Indicted on New Federal Charges of Skimming From His Insurance Companies

Feb 27 2023 // North Carolina business and insurance magnate Greg Lindberg has been indicted again on federal criminal charges, this time on accusations that he conspired to skim large amounts of money from his insurance companies, then...

Insurers Face $500M in Claims for Ships Stuck in Ukraine – a Year After Start of War

Feb 24 2023 // Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a year after the start of the war with Russia, industry sources said.When the conflict started, more than 90...

Florida’s Notice-of-Intent Trips Up Medicare Recovery Firm in Suits Versus Insurers

Feb 24 2023 // A law firm that has made a multibillion-dollar business out of suing auto and liability insurers for Medicare reimbursement payments may have met its match in Florida’s notice-of-intent-to-sue requirements.A panel of...

Insurers’ Digital Claims Tools Failing Customers: J.D. Power

Feb 23 2023 // Calling the trend “worrying,” J.D. Power’s new property claims satisfaction report indicated that insurers’ digital tools to speed the claims process are not pleasing homeowners insurance customers,...

FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO

Feb 20 2023 // FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a majority stake in Gibraltar BSN Life Bhd., a move that allows it to tap into the Southeast Asian...

Nevada Supreme Court Upholds Temporary Ban on Insurers Using Credit Scores

Feb 17 2023 // The Nevada Supreme Court upheld the Nevada Division of Insurance’s temporary ban on using credit information to help set insurance rates.The division in 2020 imposed the temporary ban, concluding that the pandemic...

Excess Insurer Pays Before Municipal Pool in Boy’s Beach Death, New Jersey High Court Rules

Feb 17 2023 // AmeriTrust subsidiary Star Insurance Co. must pay the $9 million balance of a $10 million settlement in the death of a 12-year old boy who died after a trench he dug on a Long Branch, New Jersey beach collapsed on him.Star...

Insurer Can’t Object to Asbestos Makers’ Bankruptcy, Despite Fraud Concerns

Feb 17 2023 // A liability insurer has no standing to object to its insured’s bankruptcy plan, even if the carrier feels that the plan unfairly exposes it to potentially fraudulent claims, a federal appeals court decided this week...

Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data

Feb 17 2023 // A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the...

Insurers See California EV Sales Trends Driving Rate Filing Approval Urgency

Feb 16 2023 // Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with...

Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments

Feb 16 2023 // Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against the insurer, alleging Trumbull has been incorrectly calculating some property claim...

Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co.

Feb 16 2023 // Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month.The number of people...