All the headlines from our Carriers Topic Page, ordered by recency.
Oct 27 2022 // Aegon NV is combining its operations in the Netherlands with insurer ASR Nederland NV, in a bid for market dominance in the pension, life and non-life insurance sectors.Aegon agreed to a conditional deal for a total...
Oct 27 2022 // Two people whose personal information was compromised in a data breach at Rhode Island’s public bus service that affected about 22,000 people sued the agency and a health insurer this week seeking monetary damages...
Oct 26 2022 // The former chief financial officer for a Carolina-based manufacturing supply company must spend more than three years in prison and repay $2 million he embezzled, which includes payments made by the firm’s insurance...
Oct 26 2022 // Kraft Sports and Entertainment, owner of the NFL’s New England Patriots, has sued Hiscox Insurance alleging the insurer has failed to respond under media liability insurance policies to multiple claims of copyright...
Oct 25 2022 // Adam Sounders agreed to settle his personal-injury lawsuit against a trucking company for $500,000, but pulled out of the deal when he received a settlement check that included a workers’ compensation lien holder as...
Oct 25 2022 // With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1’s insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars...
Oct 25 2022 // A Maryland general contractor has spent almost $10.5 million to fix an improperly installed concrete wall system in a school it was hired to build and wants its insurer to reimburse it under a rectification expense...
Oct 24 2022 // Very few insurance companies showed up this month to talk about the future of the much-debated, 90-year-old Federal Home Loan Bank System, despite the fact that the system lends heavily to many large insurers at low...
Oct 24 2022 // Just six weeks before European Union sanctions on Russian oil come into effect, insurers are still unclear as to exactly how they will work.At the heart of the uncertainty is a continued lack of detail surrounding US-led...
Oct 24 2022 // Climate change remains at the top of insurance companies’ biggest concerns even as Russia’s invasion of Ukraine stokes geopolitical and energy-related fears within the industry.Global warming is considered as...
Oct 21 2022 // Just a few days into earnings season for the third quarter, a number of carriers have published loss estimates for insurance claims from Hurricane Ian, or prewarned investors about loss figures that will dent their bottom...
Oct 21 2022 // Taiwan’s insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island’s market regulator said.The property insurance companies have no problems fulfilling...
Oct 21 2022 // Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion – of which $99 billion was covered by public and private insurers, which means that insured losses...
Oct 20 2022 // Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change – to cheers from environmental campaigners.More than a...
Oct 20 2022 // Australia’s biggest health insurer said on Thursday a criminal had apparently stolen customers’ medical information as part of a massive breach of data, fueling concern about a wave of high-profile cyber...
Oct 19 2022 // Australia’s Medibank Private Ltd. said on Wednesday an unnamed hacker group had contacted it negotiate about customer data it claimed to have retrieved from the health insurer’s IT systems.The news comes six...
Oct 18 2022 // AXA announced that AXA Spain has entered into exclusive negotiations to acquire Groupe Assurances du Crédit Mutuel España (GACM España), a Spanish property/casualty and health insurer.Under the terms of the transaction,...
Oct 18 2022 // U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related risks from property and casualty insurers, one of the first concrete actions in a new push to beef up financial regulation to...
Oct 17 2022 // Insurers have won key parts of a complex legal battle with British pubs group Stonegate, MS Amlin said after Monday’s judgment on the 1 billion pound ($1.13 billion) lawsuit against three top insurers over losses...
Oct 17 2022 // There’s no denying it — challenging times are coming for CAT property markets. Truthfully, they’re already here.As I type this article, Hurricane Ian (category 4) is hours away from a direct hit on...