All the headlines from our Carriers Topic Page, ordered by recency.
Sep 20 2024 // Two insurers have settled their dispute over coverage involving a touring company for the musical “Cats” and an employee who was seriously injured on the set at a Providence theater in 2019.The Providence...
Sep 20 2024 // The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity,...
Sep 19 2024 // A trade group representing Japan’s biggest non-life insurers said on Thursday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero. The General Insurance...
Sep 18 2024 // Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue...
Sep 18 2024 // Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said.The opaque nature of the ownership of those...
Sep 16 2024 // I confess that for a guy who has made his living largely on commissions for decades, I don’t like the concept. It’s not that I don’t like getting paid — I do — but I find the commission system...
Sep 13 2024 // Swiss insurer Baloise is considering changes in its board of directors, Chairman Thomas von Planta said on Thursday after the company revealed plans to boost returns to shareholders.“We want to strengthen the...
Sep 12 2024 // Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history.Sentry will pay $1.1...
Sep 12 2024 // Swiss insurer Baloise said on Thursday it plans to boost return on equity and will consider share buybacks after activist-investor Cevian Capital this week revealed it held more than 9% of the company’s stock,...
Sep 11 2024 // Finland’s Sampo Oyj succeeded in pushing through an offer for Topdanmark A/S in its second attempt to gain control of the Danish insurer.The Finnish insurance company raised its holding in Topdanmark to about 92.6%...
Sep 10 2024 // Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both...
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...