All the headlines from our Carriers Topic Page, ordered by recency.
Mar 25 2022 // Kentucky’s General Assembly has become the only legislature so far this year to adopt a bill that could give insurers lower rates on commercial loans from the Federal Home Loan Bank system.The Kentucky Senate this...
Mar 25 2022 // Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the UK on Thursday joined countries that have slapped sanctions on it, with...
Mar 25 2022 // Francesco Gaetano Caltagirone, a leading investor in Generali, wants Italy’s top insurer to grow into a big multinational “with Italian sovereignty,” the business tycoon was quoted as saying on...
Mar 24 2022 // The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion and $4 billion, modeling firm Verisk said on Thursday.About $400 million to $820...
Mar 24 2022 // Everest Indemnity Insurance Co. is on the hook to defend an insured alleged to have improperly installed a fire suppression system under its errors and omissions policy because its various exclusions were, at best,...
Mar 23 2022 // New York medical malpractice insurer EmPRO Insurance Co., a subsidiary of Physicians’ Reciprocal Insurers, said it is expanding into New Jersey. It has filed to become an admitted insurer in New Jersey and plans to...
Mar 22 2022 // Two property and casualty insurers and two brokers were included within a list compiled by Ethisphere of the most ethical companies in the world.The 16th annual report from Ethisphere, a company that defines and measures...
Mar 22 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said.More than 500 planes that are financed or owned by non-Russian...
Mar 22 2022 // The Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions, according to Fitch Ratings.The rating agency...
Mar 21 2022 // The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance Co. – without input from other carriers – has set tongues wagging and emails...
Mar 18 2022 // The Georgia insurance commissioner has joined his California counterpart in calling on insurers to divest their Russian business interests in the midst of the bloody Russian invasion of Ukraine.“The fact that the...
Mar 18 2022 // Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented barrage of claims.Lessors of planes stuck in Russia since the onset of...
Mar 17 2022 // A workers’ compensation insurance company’s hefty penalty against its non-compliant insured will likely stand, after a federal appeals court found that the matter was governed by state insurance regulators, not...
Mar 17 2022 // Thailand’s insurance regulator ordered Southeast Insurance Pcl and Thai Insurance Pcl to stop taking new clients and sell some assets after their capital fell below the legally required levels.The non-life units of...
Mar 17 2022 // The glass tower in Paris where AXA SA, one of the world’s largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged feeling extends...
Mar 16 2022 // Chicago, IL USA, March 16, 2022 — Rick J. Lindsey, President, CEO and Chairman of Prime Insurance Company recently announced Richard Bryant to the position as President of Underwriting. Richard joined Prime Insurance...
Mar 16 2022 // A leading Generali shareholder on Tuesday proposed naming the Italian insurer’s head of Austria as its new chief executive, in a challenge to the reappointment of Philippe Donnet.Generali’s outgoing board has...
Mar 14 2022 // California Insurance Commissioner Ricardo Lara on Monday issued a notice to all insurance companies doing business in the state to review their financial holdings and take immediate steps to identify and divest from any...
Mar 11 2022 // Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from Russian airlines have received mostly radio silence as experts warn of legal wrangling that...
Mar 11 2022 // Kazakhstan’s flagship carrier, Air Astana, has suspended all flights to Russia and over Russian territory because such flights can no longer be insured, the company said on Friday.Air Astana, in which Britain’s...