Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

London Halts Stocks, Trade Insurers Withdraw Cover as Isolation of Russia Intensifies

Mar 4 2022 // Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities and some insurers withdrew cover from exporters over Moscow’s...

Florida DFS Takes Action Against Public Adjuster Insurers Had Crossed With

Mar 4 2022 // After several months of investigation, Florida regulators have filed an official action against a public adjuster that insurance companies had complained about, a move that could soon lead to the suspension of his license...

Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board

Mar 4 2022 // Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there.Generali said that...

Delaware Regulator Urges Ban on Gender-Based Auto Insurance Rating

Mar 3 2022 // The Delaware Insurance Department has issued a report critical of the use of gender in auto insurance rating and concluding that the state should end the practice as six other states have done.The report found that several...

Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions

Mar 3 2022 // British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after the vessels were listed by the U.S. Treasury as part of broader sanctions, West...

Could the Ukraine Crisis Move Florida to Fix Its Insurance Crisis?

Mar 2 2022 // With the March 11 scheduled close of its regular session fast approaching, the Florida Legislature remains so focused on putting the finishing touches on its various culture-war signaling bills that one might think...

Arkansas Medical Supply Owner, CEO Indicted For Allegedly Conspiring to Defraud Workers’ Comp Insurers

Mar 2 2022 // Both the former owner of a Rogers, Arkansas-based medical supply and billing company and its former chief executive officer have been indicted by a federal grand jury for their roles in three separate conspiracies to...

It’s Time to Think About the Future of Producer Management

Mar 2 2022 // This post is part of a series sponsored by AgentSync.The insurance industry is riding a wave of insurtech and other digital advancements because there is a dire need to transform manual processes that have long hampered...

Oklahoma Insurance Dept.: Insurers Must Notify Policyholders of Triggering Events Upon Renewal

Mar 1 2022 // Oklahoma Insurance Commissioner Glen Mulready informed all property and casualty insurers authorized to do business in the state that upon renewal of an existing policy, each Oklahoma policyholder must receive notice...

Indian Court Blocks Struggling Future Enterprises Sale of Stake in Insurer Generali

Mar 1 2022 // An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two...

Kansas Court Rules Insurer had No Duty Pay Policy Limit Before Demand Was Made

Feb 28 2022 // A claims adjuster’s sub-standard investigation of a potential fatal accident claim does not warrant a multi-million award of damages against an insurer that issued a policy with a $25,000 limit, the Kansas Court of...

Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate

Feb 28 2022 // The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state orders requiring employers and their workers’ compensation insurers to pay for...

Washington School Bus Carrier Could be Fined $364K for Safety Violations

Feb 28 2022 // Washington state regulators found more than 600 safety and procedural violations by school bus carrier First Student in the past two years, dozens of which persisted for years after company officials were warned of the...

New Mexico Archdiocese Sues Insurers Over Sexual Abuse Coverage

Feb 28 2022 // One of the oldest Roman Catholic dioceses in the U.S. is suing four insurance companies over claims that they haven’t fulfilled contracts to provide liability coverage for sexual abuse complaints.The Archdiocese of...

Facing Antitrust Charges, Irish Insurer Group to Unlock Platform for Nonmembers

Feb 28 2022 // Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to nonmembers and apply fair criteria to access it in an attempt to end a near-three EU antitrust investigation and stave...

India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source

Feb 28 2022 // India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed at easing the listing of the...

St. Johns Insurance Insolvent, to be Liquidated, Florida DFS Reports

Feb 28 2022 // St. Johns Insurance Co., one of the larger property/casualty insurers based in Florida, is now insolvent and will soon be liquidated.The Florida Department of Financial Services posted a notice Friday that a judge in Leon...

California Commissioner Wants to Require Insurers to Factor Wildfire Safety Steps into Pricing

Feb 25 2022 // California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of insurance for homeowners and businesses.The proposed regulations, which could be...

Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail

Feb 25 2022 // Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region for vessels still willing to sail after Russia’s invasion of...

Insurers for Law Firm, Engineers in Collapsed Condo Settle with Victims’ Families

Feb 24 2022 // Insurers for an engineering firm overseeing major repairs at the collapsed Surfside condominium and for a law firm that advised the condo association have agreed to settle a lawsuit brought by survivors and families of the...