All the headlines from our Carriers Topic Page, ordered by recency.
Apr 22 2022 // Insurance company officials and attorneys have been known to complain when policyholders file suit before the parties have had a chance to settle a claim.In West Virginia, it was the insurer, Kinsale Insurance Co., that...
Apr 21 2022 // Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current insurance policy expires this summer, according to the climate activist group, Coal...
Apr 21 2022 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Old Glory Insurance Company, based in...
Apr 20 2022 // Insurers with well-developed innovation initiatives have much higher levels of top-line growth than those who lag behind on the innovation curve, AM Best reported last month.In a special report titled “Insurers...
Apr 20 2022 // This post is part of a series sponsored by AgentSync. The insurance industry thrives on rewarding top-selling agents, but the Department of Labor’s (DOL’s) fiduciary rule says traditional sales incentives tied...
Apr 19 2022 // Property and casualty insurer Travelers Companies Inc. reported a 48% jump in quarterly profit that beat analysts’ estimates on Tuesday, as lower catastrophe-related claims cushioned a hit from investment losses.The...
Apr 18 2022 // California Insurance Commissioner Ricardo Lara on Monday issued a new report and webpage detailing insurer investments in fossil fuels.The report is a study of fossil fuel investments by insurers, identifying insurance...
Apr 18 2022 // Louisiana Insurance Commissioner Jim Donelon has proposed fining five homeowners insurance companies a combined $764,750 following targeted market conduct examinations of their insurance activities between August 27, 2020,...
Apr 18 2022 // The world is a different place today. In days gone by, agents focused on protecting their expiration rights from carriers and producers stealing their books of business. From many angles, those were the halcyon...
Apr 14 2022 // The carriers that insured a Charleston fertilizer plant more than 30 years ago are liable for contamination at the site even though the former property owner who bought the policies did not ask their permission to transfer...
Apr 14 2022 // Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to an analysis by the Insurance Information Institute...
Apr 12 2022 // An insurer can’t evade its duty to defend a Texas construction company sued over the death of a truck driver on its premises, the U.S. Court of Appeals for the Fifth Circuit ruled in an April 4 decision.Tarango...
Apr 12 2022 // OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check company, its co-founder said.The firm, one of four with a so-called virtual insurer...
Apr 8 2022 // Inigo Ltd., the new Lloyd’s insurer, has entered the catastrophe bond market for the first time, less than 18 months after the firm began writing its portfolio of specialty insurance and reinsurance.Montoya Re,...
Apr 8 2022 // Finance Minister Chrystia Freeland is imposing a one-time windfall levy on Canada’s major banks and permanently increasing their income tax rate, fulfilling an election promise that has raised the ire of the...
Apr 7 2022 // Taking a calculated risk by selling a hazardous product isn’t the same as intentionally causing harm. For that reason, insurers must cover a court judgment that requires the company that sold Dutch Boy lead paint to...
Apr 6 2022 // A Louisiana church has filed a federal lawsuit alleging that its insurer failed to adequately cover millions of dollars in property damage resulting from two devastating weather events last year, including Hurricane...
Apr 5 2022 // Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday.More than 40% of insurers...
Apr 4 2022 // Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc.Of 328 chief investment officers...
Apr 4 2022 // Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would “vigorously...