All the headlines from our Carriers Topic Page, ordered by recency.
Nov 16 2021 // New Orleans resident Raynard Sanders can detail the many ways Black businesses and culture thrived under the canopy of oak trees along Claiborne Avenue: the Black insurance companies, the corner lot home to the Black...
Nov 15 2021 // The New York State Department of Financial Services (DFS) has issued final guidance to New York-regulated domestic insurers regarding their management of the financial risks from climate change.After issuing a proposed...
Nov 15 2021 // The U.S. commercial auto insurance market turned in results for 2020 that were the best it has seen in several years, although it still did not achieve an underwriting profit.Despite several years of price increases and...
Nov 15 2021 // GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds,...
Nov 15 2021 // The Louisiana insurance commissioner is seeking a government takeover of Access Home Insurance Co. and State National Fire Insurance Co., two regional insurance companies that are facing insolvency due to losses from...
Nov 15 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers.Policyholder attorney...
Nov 12 2021 // This post is part of a series sponsored by The Hanover Insurance Group.In a world of ever evolving risk, marine coverage is an essential part of any insurance program. Why? There are numerous situations where standard...
Nov 12 2021 // HONG KONG – Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto services portal Autohome, three people familiar with the situation told Reuters.Ping An, which is currently...
Nov 12 2021 // Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest...
Nov 12 2021 // A Georgia appeals court has upheld a $43 million premises liability verdict against the CVS Pharmacy chain, ruling that the company failed to take security measures to prevent the shooting of a patron in 2012.The case is...
Nov 12 2021 // Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.But after a wildfire swept through their Northern California town of Paradise three years ago,...
Nov 10 2021 // California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included in an earlier emergency declaration, bringing the...
Nov 10 2021 // U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, as the country continued to recover from COVID-19’s economic...
Nov 10 2021 // HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion share sale from the United States to Hong Kong, said two sources with direct knowledge of...
Nov 9 2021 // Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported.With the agreement, the New...
Nov 9 2021 // The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance Commissioners (NAIC).According...
Nov 9 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of...
Nov 9 2021 // Insurance companies are on track to pay at least $10.6 billion to cover Louisiana claims for damage caused by Hurricanes Laura, Delta and Zeta, according to Insurance Commissioner Jim Donelon.Donelon released the latest...
Nov 8 2021 // New York Governor Kathy Hochul last month signed a legislative package relating to animal welfare.The package includes legislation S.4254/A.4075, which prohibits insurers from refusing to issue or renew, cancel, or charge...
Nov 5 2021 // A week after a federal court found that waiting two years to file a property claim is too long, a state court reached a different conclusion: Failing to timely file supporting documents on a claim does not necessarily harm...