All the headlines from our Carriers Topic Page, ordered by recency.
Aug 10 2021 // AM Best has downgraded the financial strength rating to B+ from B++ and the long-term issuer credit rating to “bbb-” from “bbb” for Kingstone Insurance Company (KICO) of Kingston, New...
Aug 9 2021 // The American Property Casualty Insurance Association submitted comments in opposition to stakeholder draft regulations which will make Washington Commissioner Mike Kreidler’s emergency regulations banning the use of...
Aug 6 2021 // Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected wave of discrimination claims as employers call staff back to their desks after 18 months of...
Aug 5 2021 // Most residents of the wildfire-plagued Western U.S. believe in mitigation efforts, but fewer are actually taking such steps – while more than 40% have never spoken to their insurer about wildfire risk, according to a...
Aug 5 2021 // Naspers Ltd. is backing online insurance company Naked as part of a commitment to invest almost $100 million in tech startups in its home market of South Africa.The 120 million-rand ($8.4 million) stake makes Naspers the...
Aug 4 2021 // Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty...
Aug 4 2021 // A federal appellate court ruling that dismissed a dental practice’s COVID-19 business interruption claim might be the beginning of the end for policyholder arguments that income lost because of government shutdowns...
Aug 2 2021 // Talk about a growth market. Since Colorado and Washington became the first to pass state laws designed to legalize certain sale and consumption of recreational cannabis in their respective states in 2012, 15 other states...
Aug 2 2021 // A gym and fitness center in Pennsylvania won a minor victory on July 13 in a dispute with an Ohio-based commercial property insurer over business interruption coverage claims stemming from closures caused by the COVID-19...
Jul 30 2021 // The New York State Department of Financial Services (DFS) has issued a report analyzing New York domestic insurers’ management of the financial risks from climate change based on their 2020 responses to the National...
Jul 30 2021 // DUBLIN – Ireland will introduce long-anticipated laws to make senior bankers and executives in other financial sectors directly accountable for failings at institutions over the next 12 to 18 months, Finance Minister...
Jul 29 2021 // BEIJING – China’s banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings.It also plans to raise public...
Jul 29 2021 // Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20 billion from $17.9 billion in the first quarter of 2020. Growth was fueled, in part, by an...
Jul 29 2021 // British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya’s Social Capital, Flock said on Thursday.Flock started out insuring commercial...
Jul 22 2021 // The Actuarial & Underwriting Committee for the Texas Windstorm Insurance Association (TWIA) has recommended that the association’s board vote at its Aug. 3 meeting to file for a 5% rate increase for residential...
Jul 22 2021 // A gym and fitness center in Pennsylvania won a minor victory on July 13 in a dispute with an Ohio-based commercial property insurer over business interruption coverage claims stemming from closures caused by the COVID-19...
Jul 21 2021 // The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 weekend.Now,...
Jul 20 2021 // Surplus lines premium exceeded $24 billion and premium bearing transactions exceeded 2.6 million through the first six months of 2021, according to the 2021 Midyear Report of the U.S. Surplus Lines Service and Stamping...
Jul 20 2021 // The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios (net claims and expenses to net premiums), according to Fitch Ratings.The insured losses are...
Jul 19 2021 // Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a report from S&P Global Ratings.Overall, S&P said it has noted “more credit-relevant cyber events in the last six months...