All the headlines from our Carriers Topic Page, ordered by recency.
Jul 19 2021 // Boston-based Liberty Mutual Insurance said it will be applying for regulatory approval to acquire Malaysian property/casualty insurer AmGeneral Insurance Berhad, which is currently 51%-owned by AmBank Group and 49%-owned...
Jul 19 2021 // As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage, questions are being asked about who will foot the bill.While some claims will be assessed by heavyweight...
Jul 19 2021 // As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert.With “a lack of controls at [an] insurer, [you] could have...
Jul 19 2021 // Missouri has enacted legislation that prohibits a claimant, tortfeasor, or any other party from using an arbitration award against any liability insurer that did not agree to the arbitration.The new legislation also places...
Jul 19 2021 // U.S. District Court Judge William B. Shubb granted the motion by the California Department of Insurance to dismiss the lawsuit filed by California Insurance Co. against the CDI. Shubb acted in a manner consistent with his...
Jul 19 2021 // Washington Insurance Commissioner Mike Kreidler issued a data call of 124 auto insurance companies for recent rebates given to policyholders during the COVID-19 pandemic.Kreidler is requesting claims data for private...
Jul 16 2021 // N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with the matter.The firm,...
Jul 16 2021 // Chancellor Angela Merkel pledged swift help backed by “all the power of the state” for people affected by devastating flooding in western Germany, where at least 42 people have died and dozens are...
Jul 15 2021 // Milliman Appleseed, the new advisory and rating organization of actuarial firm Milliman, is offering insurers a simplified product developed by Swiss Re that makes it easier for insurers to enter the flood insurance...
Jul 15 2021 // Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s more, COVID-19 has been a major factor in the trend.The sector’s overall...
Jul 14 2021 // A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as odd as it may sound, the trouble may have begun with the pandemic.Property insurance...
Jul 14 2021 // Cyber criminals aren’t just stealing passwords and data. They’re stealing the spotlight.Amid the ongoing COVID-19 pandemic that has been a global focus since government shutdowns began in March of last year,...
Jul 14 2021 // India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead with the mega-listing.The cabinet committee on economic affairs cleared the initial public offering proposal,...
Jul 12 2021 // Louisiana insurance regulators have issued a new advisory letter reminding authorized property/casualty insurers writing in the state about the information they must provide in writing when they issue a renewal notice to...
Jul 12 2021 // Tri-State Consumer Insurance Company will pay a $500,000 penalty to New York state for multiple violations of New York law.A New York State Department of Financial Services (DFS) investigation uncovered that Tri-State...
Jul 12 2021 // Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy.The companies, which include Europe’s top three...
Jul 9 2021 // AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” (excellent) to Spinnaker Specialty Insurance Company headquartered in Bedminster, New Jersey. The...
Jul 8 2021 // U.S. District Court Judge William B. Shubb granted the motion by the California Department of Insurance to dismiss the lawsuit filed by California Insurance Co. against the CDI. Shubb acted in a manner consistent with his...
Jul 8 2021 // Missouri recently enacted legislation that prohibits a claimant, tortfeasor, or any other party from using an arbitration award against any liability insurer that did not agree to the arbitration.The new legislation also...
Jul 7 2021 // Washington Insurance Commissioner Mike Kreidler issued a data call of 124 auto insurance companies for recent rebates given to policyholders during the COVID-19 pandemic.Kreidler is requesting claims data for private...