All the headlines from our Carriers Topic Page, ordered by recency.
Jul 10 2024 // Leading carriers and managing general agents (MGAs) are increasingly seeking to assess their premium income via audits to ensure exposures are reported accurately, while tackling potential premium leakage and addressing...
Jul 9 2024 // In 1997, Florida lawmakers tweaked the state’s personal injury protection or “no-fault” auto insurance law. The idea was to allow school kids injured in a school bus accident to have some of their medical...
Jul 9 2024 // This post is part of a series sponsored by AgentSync.Picture this: You’ve taken all the necessary steps to become a licensed insurance producer. You’ve completed all of your state’s pre-licensing...
Jul 5 2024 // Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions of dollars in claims.Insurers faced losses after the 2020 Tokyo Olympics were...
Jul 2 2024 // Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26.Coverys Ltd. is part of Coverys’ dedicated London platforms...
Jul 2 2024 // Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1 billion) worth of shares in Honda Motor Co., Reuters reported.Tokio Marine Holdings...
Jul 1 2024 // An insurer cannot rescind a workers’ compensation policy, even in the case of a material misrepresentation that could led to millions of dollars in benefits payments, the Mississippi Supreme Court decided last...
Jul 1 2024 // Alameda County District Attorney Pamela Price’s Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they’re operating a scheme that...
Jul 1 2024 // A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed.The new law bans insurers from treating widows or widowers any differently than married people in terms...
Jun 28 2024 // Four insurance companies filed a subrogation lawsuit against Norfolk Southern in federal court last week, alleging the rail carrier’s negligence led to the 2023 East Palestine, Ohio train derailment and subsequent...
Jun 27 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter...
Jun 26 2024 // Washington Insurance Commissioner Mike Kreidler is asking insurers to extend the additional living expenses benefit for wildfire victims who are nearing their 12-month limit on that coverage.Many policies that include...
Jun 26 2024 // This post is part of a series sponsored by AgentSync.One of the trickier aspects of compliance administration and producer management for carriers is maintaining producer appointments. Sure, if your carrier only works in...
Jun 25 2024 // New York has issued guidance to commercial insurers that they are prohibited from inquiring about or making coverage decisions based on a property’s status as an affordable housing development or a tenant’s...
Jun 21 2024 // A new report from a climate activist group portrays a “mixed picture of progress and persistent challenges” in the insurance sector in addressing climate-related risks, with some insurers successfully...
Jun 20 2024 // CHARLOTTE, N.C. (June 3, 2024) – Amwins Program Underwriters (APU), part of Amwins’ Underwriting division, announced a new carrier relationship with Great American Insurance Group, whose lead insurer, Great...
Jun 20 2024 // Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion) to €3.6 billion (US$3.9 billion), according to Verisk, the data analytics and...
Jun 18 2024 // The world’s largest shipping register withdrew its approval for Russia’s Ingosstrakh Insurance Co. to provide a key document enabling ships to enter ports.The Liberian Register — under whose flag 16% of the...
Jun 17 2024 // Crew members of a bulk cargo carrier struck by Houthi missiles abandoned ship Saturday after they couldn’t get fires on board under control, the US military said.The Iranian-backed militants struck the Verbena, a...
Jun 17 2024 // In May, Florida’s chief financial officer sent out a notice that he had appointed new members to the Florida Insurance Guaranty Association’s board of directors. Just a week later, though, one of those...