All the headlines from our Carriers Topic Page, ordered by recency.
Mar 11 2022 // A committee of the Citizens Property Insurance Corp. governing body produced some good news on litigated claims and some bad news Thursday, giving further insight into a big part of Florida’s insurance market.The bad...
Mar 10 2022 // Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody’s Investors Services said.In a report titled,...
Mar 10 2022 // The AM Best rating firm has downgraded the credit rating and the outlook for Florida Family Insurance and its subsidiary, Florida Family Home Insurance Co.The rating firm said the companies’ long-term issuer credit...
Mar 10 2022 // The Workers’ Compensation Reinsurance Association (WCRA) will distribute $600 million to Minnesota’s insurers, self-insurers and policyholders, the association announced this month.The WCRA Board of Directors,...
Mar 10 2022 // John O’Donnell picked an interesting time to change jobs.The way the world works is radically changing, and just as the pandemic – apparently – wanes, he’s taking the helm of a large workers’...
Mar 9 2022 // An Illinois federal judge said a policy exclusion for employment-related practices does not protect State Automobile Insurance Co. from defending a grocery chain accused of violating the Illinois Biometric Information...
Mar 9 2022 // Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank of England Deputy Governor Sam Woods said on Tuesday.Britain is...
Mar 9 2022 // London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia’s invasion of Ukraine intensifies and perils to merchant shipping grow.The...
Mar 9 2022 // Florida’s Senate Bill 76, signed into law last June, was supposed to help reduce insurance claims litigation by making policyholders give 10-day notice before they file suit. The idea was to give insurers a little...
Mar 8 2022 // The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has declared Koboat Trucking LLC, USDOT No. 3273682, a Houston-based motor carrier, to be an “imminent hazard”...
Mar 8 2022 // Two weeks after St. Johns Insurance Co. was declared insolvent, Florida regulators have taken steps to begin liquidating Tampa-based Avatar Property & Casualty Insurance Co., making it the second carrier this year to...
Mar 8 2022 // A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it.A Delaware Supreme Court ruling in January...
Mar 8 2022 // In a workers’ compensation case that has been called “highly unusual,” Employers Insurance Co. of Wausau has avoided having to pay for a new septic tank, a new central air system and vehicle insurance for...
Mar 7 2022 // Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure, and other industries and it urges the insurance industry to reevaluate exposures.Russia’s...
Mar 7 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 flying...
Mar 7 2022 // Auto insurance pricing is complex, challenging carriers to deliver competitive rates that effectively balance risk with profit potential.Fortunately, the evolution of telematics has streamlined the pricing process to...
Mar 7 2022 // The global pandemic, economic recession and worldwide supply chain shortages have not hindered the optimism and drive of the U.S. small business sector. In fact, the Great Resignation might lead to a small business...
Mar 7 2022 // The U.S. Supreme Court has been asked to address whether the federal drug law that criminalizes possession of marijuana invalidates state orders requiring employers and their workers’ compensation insurers to pay for...
Mar 4 2022 // The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally that offer cyber coverage, the majority of which is underwritten in North...
Mar 4 2022 // China has told top state insurers to perform urgent checks on their exposure to Russia and Ukraine, as concerns swirl about the damage to the two economies amid intense fighting, according to two sources and documents seen...