All the headlines from our Carriers Topic Page, ordered by recency.
Sep 10 2024 // SAN DIEGO, CA., September 10, 2024 – Arrowhead General Insurance Agency, Inc. is pleased to announce its new carrier relationship with DB Insurance Company. Together we have introduced a new admitted homeowner’s...
Sep 10 2024 // The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out on $1.2 million in fire insurance claims payments to repair the property.RL...
Sep 9 2024 // On July 1, 2024, changes to the Georgia Direct Action Statutes, O.C.G.A. § 40-1-112 and O.C.G.A. § 40-2-140, went into effect and limited the circumstances under which a plaintiff can assert a direct-action claim against...
Sep 6 2024 // New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition.The report laid out dozens of...
Sep 5 2024 // New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial...
Sep 5 2024 // As the planet warms and more natural disasters occur, insurers are facing an increasingly difficult time.In 2023, for the fourth year in a row, global insured catastrophe losses exceeded $100 billion. The trend continues...
Sep 4 2024 // In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co.The 52-year-old, family-owned firm is hardly a household name, but...
Sep 4 2024 // As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations.Captive insurance, where companies...
Sep 4 2024 // Poland’s biggest insurer PZU needs a strategy to tackle its ownership of stakes in two banks, which is complicating its valuation, the state assets minister said.Globally, insurers are focusing on core business and...
Sep 4 2024 // Urban expansion, property exposure and climate change could fuel a 40% increase in annual natural-catastrophe losses for the global insurance industry, according to a new report.The annual loss could rise to $151 billion...
Sep 4 2024 // Three insurers that paid more than $1 million in auto and property damage claims to a New York couple and their homeowners association are attempting to recover the payments from the giant car maker and local...
Sep 2 2024 // Fourteen percent of insurance companies plan to reduce employee headcounts in the next year, according to numbers from Aon and The Jacobson Group’s latest insurance labor market study.Jeff Rieder, partner at Aon and...
Aug 30 2024 // Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts.The...
Aug 30 2024 // South Africa-based general insurer Santam Ltd. plans to expand in Asia to diversify its premiums and counter tepid growth at home.The insurer, a subsidiary of financial services group Sanlam Ltd., generates 82% of its...
Aug 28 2024 // Georgia lawmakers this year put an end to direct-action lawsuits against trucking companies’ insurers, but that did not come soon enough to bar litigation brought by people involved in accidents with ride-sharing...
Aug 28 2024 // Greg Lindberg, the North Carolina insurance and business executive now awaiting sentencing on a bribery conviction, can’t escape a $524 million arbitration and civil judgment against him, a federal appeals court...
Aug 27 2024 // The saga of the Murdaugh family in South Carolina continues, now with a convenience store company suing its liability insurers for failing to defend it against a second lawsuit stemming from the sale of beer to an underage...
Aug 26 2024 // Insurers in Louisiana have until Friday, Aug. 30 to compete a data call relating to property and casualty homeowners’ insurance policies and commercial lines property policies during the 2024 hurricane...
Aug 22 2024 // Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with...
Aug 21 2024 // Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower.IAG said the...