Latest Carriers Headlines

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

Insurers Warn California’s Inaction Threatens Auto Policies

Sep 27 2022 // Top U.S. insurance companies and associations say California is risking a crisis in the nation’s largest automobile insurance market by refusing to approve any rate increases for more than two years, since the start...

Florida Comp Insurers Challenge Hospital Payment Plan. Up Next: Physician Dispensing

Sep 22 2022 // A group of workers’ compensation carriers has filed a formal challenge to the state’s hospital reimbursement plan, arguing that payment levels would be far out of line with what other states allow and what...

Congress Examines Insurer Diversity; Results ‘Disappointing,’ Lawmakers Say

Sep 22 2022 // The insurance industry still has a lot of work to do when it comes to diversity, equity and inclusion. In fact, despite a strong DEI push across the industry, there was little change in racial, ethnic and gender...

Hong Kong Insurer AIA in Talks to Buy Philippine’s MediCard: Sources

Sep 22 2022 // AIA Group Ltd. is in advanced talks to acquire MediCard Philippines Inc., people familiar with the matter said, as the insurance giant seeks to boost its presence in Southeast Asia.AIA and MediCard are finalizing the...

American Family First U.S. Insurer to Join The Climate Pledge

Sep 20 2022 // American Family Insurance has become the first U.S.-based insurance company to sign The Climate Pledge, joining 375 other national and global companies across more than 53 industries and 34 countries in a further...

Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal

Sep 20 2022 // A coalition of pension funds and insurance companies that includes Allianz SE, the California Public Employees’ Retirement System and Zurich Insurance Group AG have committed to managing $7.1 trillion of assets in...

Trial Lawyers Back Republican in Florida House Race, Insurers Favor Democrat

Sep 20 2022 // In a twist of fate and a sign of the times, some Florida business groups are backing the Democrat in a state House race in the Tampa area, while trial lawyers are putting their weight behind the Republican challenger.The...

Basketball Hall of Fame and Chubb Insurer Hit the Court Over D&O Coverage

Sep 20 2022 // The Basketball Hall of fame (BHoF) is suing Chubb Group subsidiary Federal Insurance Co. to have the insurer defend and indemnify it in a case accusing it of attempting to unlawfully secure funds for renovations to its...

AMBest Report Shows Florida Insurers Far Out of Line on Reinsurance Dependency

Sep 15 2022 // Mango Questions State-Run Ratings Agency IdeaFlorida-domiciled property carriers are extremely reliant on the reinsurance market, making them vulnerable to coming price hikes, a just-released report from the AM Best...

ePayPolicy Announces CheckMate: “Insurance Companies May Never Touch a Paper Check Again.”

Sep 14 2022 // ePayPolicy adds rapid check collection and reconciliation to their digital payments platform, advancing faster, modern payments for insurance companies.Austin, TX., September 14, 2022 – ePayPolicy today launched...

Hong Kong Insurer FWD Refiles Application for Hong Kong IPO, Eyeing 2023 Listing

Sep 14 2022 // FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, has refiled an application for a Hong Kong initial public offering as it now weighs a listing next year amid market volatility.The renewed filing...

Ohio Court: Insurer Has No Duty to Defend Drug Distributor Against Opioid Lawsuit

Sep 9 2022 // An insurer has no duty to defend a drug distributor against lawsuits filed by cities and counties that allege it failed to take proper steps to prevent abuse of prescription opioids, the Ohio Supreme Court ruled...

Mom Hopes Insurers Take Note of $77M Verdict Against Georgia Addiction Center

Sep 9 2022 // Nick Carusillo died when he was hit by multiple vehicles on a Georgia interstate, just days after he was abruptly discharged from an addiction treatment center. Now his parents hope a substantial jury verdict in their...

South African Premiums to Rise as Insurers Face Growing Flood, Fire Risks: Sanlam

Sep 8 2022 // South Africans could soon be paying as much as 5% more on their premiums as insurers face growing risks both globally and locally.The country is now considered “very risky” due to mounting flood and fire...

Aon Launches Strategy and Technology Group, Aiming to Build Re/Insurer Resilience

Sep 8 2022 // Aon plc, the global professional services firm, has launched a Strategy and Technology Group (STG) to bring together a wide range of expertise and technology solutions — designed to help property & casualty and...

New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities

Sep 8 2022 // Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities on evidence that BofA was a “bad actor” before the 2008 financial...

California Commissioner Wants Discounts from Insurers in New Wildfires Framework

Sep 7 2022 // California Insurance Commissioner Ricardo Lara on Wednesday submitted an insurance pricing regulation to the California Office of Administrative Law to recognize and reward wildfire safety and mitigation efforts made by...

Asian Insurer FWD Eyes Hong Kong IPO in 2023: Sources

Sep 7 2022 // FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for its long-awaited Hong Kong initial public offering, according to people familiar with the matter.FWD, which...

Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing

Sep 7 2022 // Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s...

Effects of Inflation on the Insurance Industry from Insurers to Insureds

Sep 7 2022 // This post is part of a series sponsored by AgentSync.If you’ve visited a grocery store lately, you’re well aware that the price of everything is going up. Way up. After about 14 years of consistently low...