All the headlines from our Carriers Topic Page, ordered by recency.
Apr 13 2021 // Insurance broker Aon plc has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments.The solution provides transparent cargo...
Apr 13 2021 // New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said...
Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Apr 12 2021 // Bermuda-headquartered Watford Holdings Ltd. has completed the purchase of Axeria IARD, a French property and casualty insurance company.Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group....
Apr 9 2021 // New York Digital Investment Group, an asset manager focused on bitcoin investments, has raised $100 million it will use to expand the use of bitcoin in insurance.The round comes just a month after announcing $200 million...
Apr 9 2021 // Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long...
Apr 8 2021 // Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players.The Australian Prudential Regulation Authority (APRA)...
Apr 7 2021 // The American Property Casualty Insurance Association is suing to halt emergency regulations recently filed by Washington Insurance Commissioner Mike Kreidler to ban the use of credit-based insurance scores in the rating...
Apr 6 2021 // New York remains extremely active in the cybersecurity and data protection arena.During its current legislative session, New York is considering a proposed privacy bill that would greatly enhance consumer privacy rights,...
Apr 5 2021 // The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how...
Apr 5 2021 // Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to a report from Swiss Re’s sigma.Of that total, US$81 billion related to claims...
Apr 2 2021 // This post is part of a series sponsored by The Hanover Insurance Group.The small commercial market offers tremendous opportunities for agents to increase their market share more than ever before, particularly for those who...
Apr 1 2021 // A New Jersey bill that requires insurers issuing business interruption policies in the state provide policyholders with a summary of coverage for loss of use and occupancy of a commercial property has passed the state...
Apr 1 2021 // An updated report on workers’ compensation claims in Texas related to COVID-19 shows that as of Feb, 14, 2021, insurance carriers reported more than 44,000 COVID-19 claims and 200 fatalities to the state’s...
Apr 1 2021 // A former U.S. Postal Service (USPS) carrier has been sentenced on a federal charge in Maryland for making false statements to obtain disability compensation.U.S. District Judge Paula Xinis sentenced Ronald S. Repass, age...
Apr 1 2021 // If Elon Musk’s Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck.Insurers have yet to...
Apr 1 2021 // Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a report published by Fitch Ratings.The main drivers of losses were event...
Apr 1 2021 // Anxiety is growing that the wellspring of special-purpose acquisition companies, a 2020s echo of the dot-com mania of the 1990s, is bumping up against the limits of both Wall Street and Washington.The pipeline of SPACs...
Mar 31 2021 // Insured losses from Australia’s March floods are expected to hit general (or property/casualty) insurers’ underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance rates,...
Mar 31 2021 // An Arkansas-based pharmacy benefits insurer has been placed into rehabilitation, the Arkansas Insurance Department reported.Indy Health Insurance Company Inc. (IHIC) is an Arkansas domiciled company that provides Medicare...