Trending Carriers Headlines
The most viewed headlines from our Carriers Topic Page over the last 30 days.
#1 Ray of Sunshine: Florida Insurers Show Profit as Citizens Takeouts Rise – S&P Global
Aug 2 2023 // Republished from S&P Global Market Intelligence For the first time in three years, Florida’s struggling domestic residential property insurers have posted a quarterly profit, according to an analysis by S&P...
#2 Specialty P/C Insurers Outperform Their U.S. Peers: Report
Jul 21 2023 // U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet growth and other indicators of...
#3 Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best
Jul 18 2023 // Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace...
#4 A First Look at How U.S. Insurers Are Adopting Global Climate Reporting Guidelines
Jul 25 2023 // U.S. insurers are adopting numerous strategies to deal with risks from climate change, according to a review out today that gives the first look at how or if insurance companies are adopting the widely used Task Force for...
#5 Florida’s Universal Profits Are Up as Carrier Sheds Policies, Feels Impact of Reforms
Jul 28 2023 // Efforts by Universal Insurance Holdings, the publicly traded parent company of one of Florida’s largest property and casualty insurers, to shed policies, spread risk and raise rates appears to have paid off so far in...
#6 Insurers to Pay $15M to Settle Murdaugh Fatal Boat Crash Claims
Jul 18 2023 // Insurers for the convenience store that sold beer to Paul Murdaugh have agreed to pay $15 million to settle the wrongful death suit stemming from the 2019 boat crash involving Murdaugh in which teenager Mallory Beach was...
#7 Landlord’s Insurer Denied Recovery for Damage Caused by Tenant’s Drone
Jul 24 2023 // Sathiyaselvam Thangavel’s hijinks with a drone caused more than $77,000 in damage to the apartment building where he lived, but his landlord’s insurer can’t recover that money from Thangavel even though...
#8 NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants
Aug 7 2023 // Three New York legislators said they plan on pushing bills next year that would bar property insurers from requesting information about subsidized housing, a practice that discriminates, an NYC news outlet reported. The...
#9 NAIC Releases Highly Anticipated Draft Model Bulletin on Insurers’ AI Use
Jul 28 2023 // On July 17, 2023, the Innovation, Cybersecurity and Technology (H) Committee of the National Association of Insurance Commissioners (NAIC) released for comment a highly anticipated model bulletin (Model Bulletin) on...
#10 New Jersey High Court to Hear Insurers’ Appeal Over War Exclusion in NotPetya Attack
Jul 26 2023 // The New Jersey Supreme Court has agreed to decide whether a hostile/warlike action exclusion in an all risks property insurance policy applies in a case involving insurance coverage for a 2017 Russian cyberattack. The...
#11 Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re
Jul 28 2023 // Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag of $110 billion, according to Munich Re. These insured losses were slightly lower than the US$47...
#12 Delaware Takes Fight Against IRS Over Captive Insurers’ Data to Supreme Court
Jul 25 2023 // The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service (IRS) over the release of information on captive insurers. This fight has placed Delaware’s state regulation of...
#13 Rochester Diocese Claims Fund Reaches $126M as 2 More Insurers Settle, 1 Holds Out
Jul 28 2023 // The Catholic Diocese of Rochester and sexual abuse survivors have reached settlements with additional insurers on amounts available to cover abuse claims, bringing the total fund now available to survivor claimants to...
#14 Florida Insurers Have Until Aug. 1 to Show They Have Proper Claims Manuals, OIR Says
Jul 21 2023 // Florida property insurers now have a week to attest that they have and use claims-handling manuals that reflect industry practices and standards, the state Office of Insurance Regulation said in a bulletin. By Aug. 1,...
#15 US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount
Aug 8 2023 // U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said...
#16 Texas Legislature Takes Aim at the Use of ESG-Related Factors by Insurance Companies
Aug 8 2023 // Insurance companies are increasingly incorporating environmental, social and governance (ESG) factors into their underwriting processes when they examine risk. However, despite the increasing adoption of ESG-related...
#17 Pastor to Go to Jail, Repay Church and Insurer for Stealing $130K to Cover Gambling
Jul 25 2023 // A New Hampshire executive pastor has been sentenced to 18 months in prison for stealing about $130,000 from his church to pay off gambling debts and make purchases. Gregory Neal, of Barrington, 45, was sentenced in federal...
#18 Medicare Recovery Firm that Sued Auto Insurers Said to be Under Investigation
Aug 1 2023 // The Florida lawyer and entrepreneur who reportedly made millions by disrupting the auto insurance industry’s Medicare set-aside practices is under federal investigation and may be in financial trouble, according to...
#19 Louisiana Commissioner Directs Insurers to Talk to Policyholders as Hurricane Ida Claims Deadline Looms
Jul 21 2023 // A day after the Louisiana Supreme Court announced that it is lifting a stay on hurricane-damage lawsuits filed by McClenny Moseley & Associates, state Insurance Commissioner James Donelon on Thursday issued a directive...
#20 Japan Casualty Insurers’ Shares Sink on Concerns Over Suspected Price Fixing
Aug 2 2023 // A price-fixing scandal at Japan’s biggest casualty insurers is escalating following a media report that the suspected collusion is likely to be wider than initially believed. Shares of Tokio Marine Holdings Inc.,...
