Latest Carriers Headlines

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

Officers Exempt from Workers’ Comp But Some Carriers Charging Anyway?

Sep 5 2022 // Tradespeople who call themselves and their workers “independent contractors” have long been an issue for the workers’ compensation industry, often cutting carriers out of premium and leaving injured...

People Moves: Zoidis Named CEO of Attain Insurance Companies; Wagner Joins Alliant as First VP

Sep 1 2022 // Atain Insurance Companies Name Chris Zoidis CEOH.W. Kaufman Group, a privately held, global specialty insurance and financial organization, announced the promotion of Chris Zoidis to President & CEO, Atian Insurance...

Insurer Loses $500K in Beer Pong Challenge by Badly Misplaying Liquor Liability Claim

Sep 1 2022 // An insurer that mishandled a liquor liability claim resulting from a fight after a beer pong tournament has discovered the tab is considerably bigger than it first thought.Hospitality Mutual Insurance Co. will have to pay...

SEC Charges Lindberg Misappropriated $75M from His Insurance Companies

Aug 31 2022 // One day after a judge set a new trial date for former Carolina insurance executive Greg Lindberg’s bribery case, the U.S. Securities and Exchange Commission charged that Lindberg and an associate had defrauded...

Breaking Down Inflation’s $30B Impact on Insurers Line By Line

Aug 31 2022 // Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through personal lines.In an...

Comp Insurers Object to Florida Hospital Payments Set at 2x U.S. Average

Aug 31 2022 // The Florida Division of Workers’ Compensation appears to be intent on pushing the ball across the goal line on a long-awaited revision to hospital reimbursement rules, despite concern from insurers that some rates...

Taking Advantage of Just-In-Time Carrier Appointments

Aug 31 2022 // This post is part of a series sponsored by AgentSync.While we have a variety of ways that we use data to innovate, one trend we’ve seen that brings tech advances right alongside changes in state regulation is using...

Swiss Health Insurer Under Fire for Offering Discount to Members of Pro-Life Group

Aug 26 2022 // Swiss-based health insurance company Helsana AG came under fire this week for offering a 10% discount to members of the Pro Life Switzerland organization.Members of the Social Democratic Party of Switzerland wrote a letter...

Louisiana Dept. of Insurance Fines Public Adjuster Accused of Pocketing Insurer Payouts

Aug 25 2022 // The Louisiana Department of Insurance has ordered a Texas father-and-son public adjusting team to pay a $50,000 fine for pocketing money that was intended for insurance claimants.The department on Aug. 18 revoked the...

Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power

Aug 24 2022 // A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers during the pandemic, causing customer satisfaction to decline...

People Moves: Hyde to Lead Erie DEI; Hilb Names Cohen Carrier Relations Head; Trokan Westfield’s Head of Cyber; 3 Senior Hires at Magnolia Grove

Aug 23 2022 // Erie Insurance names diversity, equity and inclusion leader Lance Hyde to VP roleErie Insurance has named Lance Hyde to the role of Vice President of Diversity, Equity and Inclusion (DEI). Hyde brings more than 15 years of...

Rising Inflation to Hit Profits of European P/C Insurers: GlobalData

Aug 23 2022 // Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability of property/casualty insurers in 2022-24, according to the London-based data and analytics company...

Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine

Aug 23 2022 // Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war...

Insurers Anticipate Staffing Increase Over the Next Year Despite Recruiting Difficulty: The Jacobson Group

Aug 22 2022 // Most insurers (68 percent) plan to increase staff during the next 12 months, while only 5 percent anticipate a reduction in the number of employees, according to the Semi-Annual U.S. Insurance Labor Market Study by The...

Lloyd’s Insurers Must Exclude Catastrophic State-Backed Cyber-Attacks

Aug 19 2022 // Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies if they reach a catastrophic threshold, according to a Lloyd’s market bulletin issued this week.However,...

California Announces $1.9M Settlement with Health Insurer

Aug 18 2022 // California Insurance Commissioner Ricardo Lara announced a major settlement with National Health Insurance Co.The California Department of Insurance alleged that the company continuously violated California law since 2015...

Costa Rica Weighs Raising $2.7 Billion via Sale of State-Owned Insurer, Banks’ Assets

Aug 18 2022 // Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de Costa Rica, as well as 49% of the state-owned INS insurance...

What the COVID-19 Digital Threat Landscape is Teaching Insurers Post-Roe

Aug 17 2022 // The digital threat landscape of the COVID-19 pandemic is teaching insurers and other companies some valuable lessons about digital privacy in the wake of the U.S. Supreme Court’s overturning of the 1973 Roe v. Wade...

New Jersey High Court Backs Insurer’s New York Exclusion in Home Depot Injury Case

Aug 16 2022 // Clearly, Admiral Insurance Co. did not want to assume any risk in the New York City area.The insurance policy Admiral issued to Richfield Window Coverings excluded coverage “in any way connected with”...

Public Adjusting Firm Accused of Pocketing Insurer Payouts in Texas, Louisiana

Aug 15 2022 // The Texas Department of Insurance says a public adjusting firm that was sanctioned last month by Louisiana regulators has pocketed more than $300,000 in insurer payouts intended for Texas property owners.TDI is asking the...