All the headlines from our Carriers Topic Page, ordered by recency.
Feb 18 2022 // In a case that went all the way to the federal appeals court level, a panel of judges has found that GEICO General Insurance adequately investigated a Florida claim after an insured motorist killed a cyclist, and did not...
Feb 17 2022 // Insurer groups this week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington.The American Property Casualty Insurance Association, the Professional Insurance...
Feb 17 2022 // A federal bankruptcy court in Alabama has approved insurance payments totaling $73 million by four insurers to the families of the victims of the Sandy Hook massacre. The settlement with gunmaker Remington Arms and its...
Feb 17 2022 // France’s CNP Assurances CNPP.PA will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing ranks of insurers taking a more pro-active approach to tackling...
Feb 17 2022 // An auto insurer is not required to pay underinsured motorist benefits to the son of man who was killed in an auto crash because the father was not insured by its policy, the Wisconsin Supreme Court ruled Tuesday in an...
Feb 17 2022 // The headlines in 2016 provoked an outcry across Georgia: A man stole a car near the Atlanta airport, fled from police in a high-speed chase, then crashed into another vehicle, killing a woman and her two grandchildren.Six...
Feb 17 2022 // Two bills that many in the insurance industry hope will solve some of Florida’s worsening property insurance problems moved a step closer to becoming law Wednesday when they passed a key Senate subcommittee.The...
Feb 16 2022 // Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results, said financial strength rating agency AM Best.In 2021 the...
Feb 16 2022 // Just when insurers saw signs that last year’s reform legislation may be having an impact on claims litigation, bad news appeared in the inbox Wednesday.CaseGlide, the maker of litigation management software, which...
Feb 16 2022 // This post is part of a series sponsored by AgentSync.There’s no beating around the bush, the past two years have been rough to say the least. We are now almost 24 months into the pandemic and daily coronavirus cases...
Feb 15 2022 // An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during...
Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co.Activity was driven by a...
Feb 15 2022 // Lloyd’s insurer Beazley partners with insurtech Gaia to offer a new solution for individuals undertaking in vitro fertilization (IVF) treatment.The health-focused insurtech has been working with Beazley and Chaucer...
Feb 15 2022 // For years, workers’ compensation insurers in North Carolina have been able to enjoy a windfall in some cases that involved temporary workers or those who gigged for a number of employers.Insurers have often charged...
Feb 15 2022 // The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced last week.Perhaps that should be no surprise....
Feb 14 2022 // The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA’s reorganization plan should be confirmed after an agreement with the official committee...
Feb 14 2022 // Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding.The Series B...
Feb 14 2022 // State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest...
Feb 11 2022 // Recently posted data provides new insight on the dire financial situation for Florida Farm Bureau, one of four carriers that announced it would stop writing or non-renew thousands of homeowner policies in Florida this...
Feb 11 2022 // Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer.Hamilton Select Insurance Inc. is domiciled in Delaware...