Know What's Happening in Insurance
Know What's Happening in Insurance
U.S. doubles Hormuz maritime reinsurance guarantee to $40 billion
On April 3, the U.S. International Development Finance Corp. announced it is doubling its maritime reinsurance guarantee to $40 billion, adding AIG and Berkshire Hathaway to a consortium that already includes Chubb, Travelers, Liberty Mutual, Starr and CNA. The expanded program aims to restore confidence in shipping through the Strait of Hormuz, a critical chokepoint for global trade.
U.S. property‑casualty insurers reported $7.3 billion of adverse one‑year reserve development in other‑liability lines for 2025, with nearly $3 billion concentrated in the 2022‑23 accident years. The shift indicates that loss estimates for recent underwriting periods are being revised upward, driven by faster‑than‑expected legal and social inflation. Major carriers such as Liberty Mutual, Chubb and Berkshire Hathaway posted the largest adverse movements, while some reinsurers saw favorable trends. Reinsurance tools like ADCs soften earnings impact but do not resolve the underlying reserve pressure.
This won't show up in any market data, but it's a profound hollowing-out and weakening of America. "Nearly one in 10 people who had Affordable Care Act plans last year dropped health insurance altogether, after premium costs rose sharply" https://t.co/LfNP8wRTD1
In this episode of Healthcare Uncovered, hosts Joe Rettino and former Cigna insider Wendell Potter dissect the 2025 earnings of the seven biggest for‑profit insurers, which together generated $1.7 trillion in revenue and $54 billion in profit despite covering 10 million fewer people....
The article explains how physicians must balance financial risk by distinguishing between risk capacity—their ability to absorb setbacks—and risk tolerance—their personal comfort with uncertainty. It outlines four common physician profiles and offers targeted strategies such as debt reduction, reserve building,...
Hiscox Capital Partners has been launched as a unified platform that consolidates nearly two decades of third‑party capital and insurance‑linked securities (ILS) activity under Hiscox Re. The new division bundles a range of products—from traditional quota‑share catastrophe strategies to bespoke...
Recent data from the New York Federal Reserve shows that employer‑sponsored health insurance premiums have surged roughly 20% since 2022, while wage growth in the Fed’s region has slipped from about 6% to 3% this year. The economists estimate that...
A Florida‑based health insurer established Fortex Reinsurance SPC, Ltd., a Cayman‑registered Segregated Portfolio Company in March. The SPC received a Class B captive licence from the Cayman Islands Monetary Authority, joining Gamma Reinsurance Company, Ltd. and Gunna Re as the three...
Allstate reported a $140 million pre‑tax catastrophe loss for February 2026, raising its current aggregate risk‑period losses to $3.072 billion. Year‑to‑date pre‑tax losses now total $315 million, with after‑tax figures at $249 million. Severe convective storms in March could add low‑to‑mid‑single‑digit billions in insured...
Swiss Re Institute reports global insured losses in 2025 totaled $107 billion, below the long‑term natural catastrophe trend. Secondary perils—severe convective storms, wildfires and floods—accounted for a record 92% of those losses. Wildfires in Los Angeles alone generated $40 billion, while convective...
KYND, a cyber risk analytics firm, has been selected by Converge, a US‑based cyber insurance MGA, to power its digital underwriting platform. The deal equips Converge with KYND’s real‑time vulnerability intelligence, Signals reports and rapid scanning tools to handle high...
AI explainability, once a barrier for insurance underwriting, is fading as next‑generation models deliver transparent insights. Modern AI now consistently outperforms traditional actuarial and rule‑based approaches across multiple underwriting tasks. By ingesting broader data sets and learning from outcomes, these...
A new KFF poll finds that 80% of ACA marketplace enrollees face higher premiums this year, with half describing the increase as "a lot higher." More than half say they will have to cut other household expenses, and 17% fear...
India's Supreme Court ruled that compensation under the Motor Vehicles Act cannot be reduced by employer‑provided group insurance or other social‑security payouts. The bench dismissed appeals against Kerala and Karnataka High Court judgments that had already rejected such deductions. Judges...
Governor Henry McMaster signed a resolution pushing the mandatory alcohol server training deadline to May 1, giving Greenville bars and restaurants extra time to meet new liquor‑liability requirements. The extension comes as owners confront higher insurance premiums and uncertain risk‑mitigation credits.
The Federal Housing Finance Agency (FHFA) announced new insurance flexibilities for single‑family condominiums and rural mortgages, allowing actual‑cost‑value (ACV) coverage for roofs while keeping replacement‑cost standards for the rest of the property. The rule also streamlines the maximum per‑unit deductible,...
Colorectal cancer diagnoses among adults under 50 have risen about 30% over the past two decades, driven by lifestyle, obesity, and genetic factors. Screening guidelines have shifted, lowering the start age to 45 for average‑risk individuals and introducing non‑invasive tests....
Saskatchewan’s 2026‑27 provincial budget lifts AgriStability funding to $116.3 million, more than double the previous year, and raises AgriInvest to $46.9 million. The agriculture ministry’s total estimated spending climbs to $660.8 million, up from $623.1 million, while the province’s share of crop‑insurance premiums drops...
The House Education and Workforce Committee advanced the ERISA Litigation Reform Act on a 19‑13 party‑line vote, aiming to raise pleading standards for certain employee‑benefit plan lawsuits. The bill targets excessive‑fee claims, employee stock ownership plan suits, and proposes a...
U.S. insurers face soaring premiums as obesity, diabetes and other metabolic disorders become more prevalent, driven by sedentary lifestyles and poor diet. Chronic conditions linked to these habits are now the primary cost drivers for both patients and insurers. In...
The Trump administration’s 2027 Notice of Benefit & Payment Parameters (NBPP) would allow ACA Marketplace insurers to sell “non‑network” plans that set a fixed payment amount for services instead of contracting with providers. Under the proposal, patients would be responsible...
Iowa entered the U.S. captive insurance arena in 2023, becoming the 36th jurisdiction to enact captive legislation. Jeff Wilson, the state’s captive insurance director, says the new regime will prioritize quality over sheer volume of captives. The approach emphasizes rigorous...
MedRisk’s 2026 trends report identifies three forces—artificial intelligence, accelerated care pathways, and research‑based insights—that are reshaping workers’ compensation claims management. Claim complexity is rising as the workforce ages, while severity and financial exposure increase despite lower claim frequency. AI is...
Vouch is a digital commercial insurance platform built for startups and high‑growth companies, offering instant, customized policies such as general liability, cyber, and D&O coverage. The service integrates with a firm’s existing tools to automate underwriting and claims, delivering protection...
Aetna has introduced a black‑box algorithm that automatically downcodes physician claims, lowering payments for high‑severity ER visits without chart review. The system reclassifies Level 5 services to Level 4, forcing doctors to submit appeals to the same insurer that made the reduction....
A Brookings‑Hamilton Project proposal calls for a federally backed reinsurer, US Re, to assume the most extreme tail of U.S. catastrophe losses. Leveraging the government’s low‑cost borrowing, US Re would sell reinsurance to homeowners insurers, aiming to lower and stabilize premiums. The...
A regulator placed two insurers under statutory management, signaling heightened oversight in the sector. Concurrently, war-driven volatility is expected to push Nigerian reinsurance rates higher and spur Greek firms to intensify cyber‑risk scans. Insurers are also expanding globally, with a...
U.S. homeowners insurance premiums are set to rise for a fifth consecutive year in 2026, with the average annual cost projected to increase 4% to about $3,057. Since 2021, premiums have surged 46%, far outpacing inflation, as insurers absorb mounting...
Container terminals are adopting continuous reefer telemetry to replace labor‑intensive, snapshot monitoring. The cold‑chain market exceeds $400 billion, and high‑value pharma shipments demand real‑time temperature data to avoid spoilage and regulatory penalties. Net Feasa’s Agentic Control Tower™ (ACT) platform extends vessel‑level connectivity...
The Tennessee Department of Commerce & Insurance licensed five new captives and 50 new cells in 2025, pushing the state's captive portfolio to 184 captives and 703 cells. Captive premiums surged to $4.2 billion, exactly double the $2.1 billion recorded in 2024....
Catastrophe bond issuance in the first quarter of 2026 is projected between $6.34 billion and $6.54 billion, making it the second‑largest Q1 on record. February 2026 already broke the $2 billion threshold and March is on track to exceed $3 billion, setting new monthly...
Cytora launched Autopilot, an agentic AI platform that automates end‑to‑end insurance risk workflows without human input. The system links fragmented data from multiple channels, maintains persistent context, and executes tasks from submission through claim adjudication. Underwriters and claims handlers can...
Medical stop‑loss (MSL) insurers are facing unprecedented claim frequency and severity, driving a sharp rise in large‑claim payouts. Between 2023 and 2025, claims over $250,000 grew 70%‑115% across thresholds, with dollars for $1 million+ claims up more than 200%. Carriers responded...
Kansas Senate Bill 409, which would mandate insurers to cover supplemental breast imaging after mammography, failed to advance as the legislative session progressed. Insurer Blue Cross and business groups such as the Kansas Chamber of Commerce opposed the bill, labeling...
President Donald Trump has again blamed the Affordable Care Act for rising health‑care costs, citing premium spikes since the law’s rollout. Data show ACA individual premiums have risen 129% since 2014, outpacing the 68% increase in employer‑based plans, while deductibles...
Data centre developers now confront risks that differ from traditional logistics projects, with power availability, long‑lead‑time components and insurance complexity shaping programme certainty. Panattoni has entered the market, offering powered shells rather than full fit‑out to meet hyperscale client preferences...
Man Group argues that seasonal Atlantic hurricane forecasts are unreliable for catastrophe bond investors, noting systematic underestimation of outlier years and limited relevance to insured loss outcomes. Their research shows that even accurate storm counts and intensities cannot predict economic...
The war involving Iran is heightening uncertainty in global terrorism and political‑violence insurance markets. While insurers and reinsurers remain well capitalized, prolonged hostilities could increase underwriting volatility and prompt tighter policy terms. Exposure accumulation across multiple specialty lines is emerging...
When I was at the Brigham/Harvard I saw how we billed different insurance levels as well as the uninsured. The uninsured got screwed the worst. Always. Different payers pay remarkably different prices for the identical things. It all comes down...
In this episode, Valkyrie Holmes, CEO and co‑founder of Fora, discusses the company’s new Retention Engine, which helps insurers keep high‑risk homeowners by turning them into active risk managers. She explains how Fora’s climate‑risk intelligence platform moves beyond traditional hazard...
On March 16, 2026 the Louisiana Senate approved Senate Bill 246, a first‑in‑the‑nation measure that bars insurers from using artificial intelligence alone to decide health‑insurance coverage. The bill, championed by Democratic Sen. Jay Luneau and debated by Sen. Regina Barrow,...
Insurers and brokers across Canada are on alert as a powerful storm system hammered British Columbia with heavy rain, up to 120 mm on the South Coast, 150‑200 mm on Vancouver Island, significant snowfall and strong winds. The event, unfolding over the...
How about we ask @govofco how much more reinsurance is costing Colorado? And don’t give me the bs talking points about the average premium reduction, babes.
A new company you've probably never heard of is dominating the No Surprises Act's arbitration process. Behind HaloMD is a larger-than-life Texas couple who built their wealth on questionable arrangements with out-of-network providers. https://t.co/p1jCEZFBaA via @statnews
State Farm used a drone to inspect a Santa Ana homeowner's roof without notice, then demanded $20,000 in repairs or loss of coverage. The homeowner, Linda Bennett, says the inspection was unannounced and the demand is based on drone images....
It's wild to think that insurance as we know it today might not existing in California in 10 years, and yet it remains a somewhat fringe policy area. https://t.co/LA9JJ0AORm
US home insurance premiums are set to rise for a fifth straight year in 2026 and other stories in today’s Green Daily newsletter https://t.co/sBscWF0Bfq
Lemonade’s CEO Daniel Schreiber published a manifesto asserting that the AI‑native insurer enjoys a ten‑year advantage over legacy carriers such as State Farm and Allstate. He argues incumbents cannot simply layer technology onto outdated DNA and outlines three AI‑adoption tests—Scaling...
Beazley to acquire kWh Analytics to expand renewable underwriting #energysky -- via pv magazine global: https://t.co/wCWG390fQB
Podcasting at the @CatoInstitute headquarters with @EconWithNick & @norbertjmichel was just the coolest as we talk about deposit insurance.
Americans squeezed by home insurance costs shouldn't expect relief this year, with premiums set to rise again https://t.co/4iBp8COEML
