All the headlines from our Carriers Topic Page, ordered by recency.
Jun 28 2022 // AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” (Good) from “a-” (Excellent) of the insurers that operate...
Jun 28 2022 // The insurer for a security firm for a Rhode Island nightclub where shootings and stabbings took place on October 17, 2021 is asking a court to declare it has no duty to defend the security firm.Persons injured in the...
Jun 28 2022 // Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening.Russia defaulted on its...
Jun 28 2022 // UK home insurer Policy Expert’s owner is considering a potential sale that could raise as much as £1 billion ($1.2 billion), people with knowledge of the matter said.Investment firm Primary Group Ltd. is working...
Jun 27 2022 // The medical profession in New Hampshire is accusing the insurance industry of using “junk science” in justifying its denials of Covid-related business insurance claims.In an amicus brief in a case between a...
Jun 27 2022 // Deerfield, Illinois-based Alera Group named Steve Kreuger as senior vice president, carrier partnerships. Kreuger will be responsible for creating and maintaining all employee benefits carrier partnerships at Alera...
Jun 24 2022 // An independent insurance agency in Millinocket, Maine has lost three of its carrier partners and continues to face backlash on social media and in its community after posting a racially-charged sign on its door on Monday,...
Jun 24 2022 // Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk.“We’re all trying to solve the same...
Jun 24 2022 // Canada’s Brookfield Asset Management said on Wednesday it had raised $15 billion for its first impact fund focused on the global transition to a net-zero carbon economy.The fundraise comes at a time when investors...
Jun 22 2022 // Wefox, the German digital insurer, is in advanced discussions to raise fresh funding at a valuation of $5 billion to $6 billion, people with knowledge of the matter said.The Berlin-based insurtech startup is aiming to...
Jun 22 2022 // Boston-based Openly, an insurtech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment.According to founders Ty Harris and Matt Wielbut, Openly has responded to a...
Jun 22 2022 // Turkish insurers are facing one of their most challenging operating environments of the past decade, with earnings and capital adequacy likely to come under severe strain in 2022-2023, Fitch Ratings says in a new...
Jun 21 2022 // BRUSSELS – Spain on Monday won backing from Europe’s top court in its mutli-million euros damage claim against The London Steam-Ship Owners Mutual Insurance Association for a massive oil spill on its...
Jun 20 2022 // An Iowa workers’ compensation insurance carrier is not entitled to retroactive reimbursement from another insurer for benefits it paid in error, the state Supreme Court ruled this month.American Home Assurance paid...
Jun 20 2022 // Russia’s state-run Sovcomflot has insured all its cargo ships with Russian insurers and the cover meets international rules, the chief executive said, after Western insurers withdrew cover.Western insurers halted...
Jun 20 2022 // An insured claiming his auto insurer’s delay in approving treatment caused his injuries to worsen is entitled to prove his breach of contract claim despite New Jersey’s no-fault law. That law governing personal...
Jun 20 2022 // I read an article written by a former carrier CEO who is now a consultant and private equity backer to insurance ventures. The main point of the article was that insurtech, or any paradigm shifting insurance entity, will...
Jun 20 2022 // The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black lung occupational disease claims have ballooned –...
Jun 20 2022 // I remember when it became clear that the economy was barreling toward an inflationary period the likes of which the United States hasn’t experienced in 40 years.It was Christmas 2020. My extended family was gathered...
Jun 15 2022 // Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn’t the first time in recent history...