All the headlines from our Carriers Topic Page, ordered by recency.
Dec 1 2021 // When CVS Pharmacies, just weeks after a Georgia appeals court upheld a $43 million premises liability verdict against the company, announced that it was closing 900 stores around the country, some saw it as a sign of the...
Nov 30 2021 // Bain Capital has made a final pitch to members of British insurer LV= to back its takeover bid, after a lengthy sale process that’s drawn a dozen offers as well as political heat about preserving mutual firms.The...
Nov 30 2021 // The controlling shareholders of Thai insurer Syn Mun Kong Insurance Pcl are exploring the sale of a majority stake in the firm and have picked several strategic players to advance into the next round of bidding, according...
Nov 29 2021 // Definity Financial Corp., the 150-year-old insurer that held its initial public offering [on Nov. 17], will look to use its newfound access to capital to expand through acquisitions, the firm’s top executive...
Nov 29 2021 // European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory solvency ratios remained strong. Pandemic factors generally played a role in both...
Nov 29 2021 // FRANKFURT – A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related damages, the latest volley in a years-long campaign that pits environmentalists against the...
Nov 24 2021 // If the owner of a trucking company drives one of his company’s trucks to a friend’s house for free repairs, is that considered a business use of the truck, or personal use?The Georgia Supreme Court effectively...
Nov 23 2021 // New York’s highest court ruled on Tuesday that JPMorgan Chase & Co. is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear Stearns Cos....
Nov 23 2021 // This post is part of a series sponsored by AgentSync.The sales role is the lifeblood of insurance, and with a complex pipeline of agencies, agents, brokers, etc., carriers and MGAs can understandably be confused by how to...
Nov 23 2021 // Insurers are continuing to take a hard line on underwriting and pricing cyber coverage. While commercial lines prices overall rose 8.9% in the third quarter, cyber premiums increased 27.6%, according to The Council’s...
Nov 19 2021 // The Kentucky Associated General Contractors’ Self-Insurers’ Fund will make a $27 million dividend payment to members next spring, the fund announced. The dividend marks the 28th straight year that the fund has...
Nov 19 2021 // TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising C$2.1 billion ($1.6 billion) in Canada’s second-largest IPO.Waterloo, Ontario-based Definity...
Nov 19 2021 // LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts.Faced with increased...
Nov 18 2021 // United States Attorney Duane A. Evans announced today that a New Orleans, Louisiana woman entered a plea of guilty today to Conspiracy to Commit Mail Fraud, in violation of Title 18, United States Code, Section 371,...
Nov 18 2021 // An insurance company is suing the mother of two boys killed by her estranged husband over a $4 million life insurance payout, claiming she may not have been legally entitled to receive the funds. Meanwhile, she is trying...
Nov 18 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year.A total...
Nov 18 2021 // American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price...
Nov 17 2021 // Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the first wholly foreign-owned life insurer in China created from a joint venture.Many...
Nov 17 2021 // Austin-based landlord insurance company Steadily has completed its latest investment round, bringing its total funding to $31 million.Steadily serves 17 million individual rental property owners who collectively own single...
Nov 16 2021 // AutoPilot revolutionizes insurance licensing services by pairing modern technology, deep expertise, and high-touch service, powering growth for agencies and carriersDENVER, CO – November 16, 2021 – AgentSync, the...