Know What's Happening in Insurance
Know What's Happening in Insurance
NY Court Says Post‑Cutoff Acts Don't Void D&O Run‑Off Coverage
A New York federal court held that acts occurring after a D&O run‑off policy’s cut‑off date do not bar coverage unless the acts are unlawful. Judge Jed Rakoff found AmTrust’s 2019 preferred‑share delisting to be a lawful corrective disclosure, so the insurer’s reliance on the subsequent‑acts exclusion failed. The ruling clarifies that a “Wrongful Act” under New York law must involve unlawful conduct.
Viriyah Insurance is considering higher premiums for electric‑vehicle (EV) policies after its EV segment posted a combined‑ratio loss slightly above 10 %, meaning claims and expenses exceed premiums. The insurer will adopt a model‑by‑model pricing approach, tailoring rates to each vehicle’s risk profile, especially costly battery and electronic components. Viriyah commands roughly 40 % of Thailand’s EV motor‑insurance market, with EV premiums estimated at 2.8 billion baht in 2025. In contrast, its conventional motor portfolio aims for a loss ratio below 58 % but slipped to about 72 % due to severe flooding.
As businesses increasingly rely on autonomous AI agents, some insurers are offering specialized coverage for AI errors, while others introduce exclusions, signaling a shift toward explicit policies addressing AI-related risks. aibusiness
Question for all the maritime insurance experts out there - what will it take for the large P&I clubs to reactivate coverage through the Strait of Hormuz? One of my takeaways from this conflict is how few missiles and drones it...
Medicare Advantage (MA) spending is projected to be 14% higher than fee‑for‑service Medicare in 2026, adding roughly $76 billion in excess costs. The gap stems from intensified diagnostic coding, a quality‑bonus program that adds $16 billion, and favorable selection that boosts payments...
𝗧𝗵𝗲 𝘄𝗲𝗮𝗽𝗼𝗻 𝗰𝗹𝗼𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗦𝘁𝗿𝗮𝗶𝘁 𝗼𝗳 𝗛𝗼𝗿𝗺𝘂𝘇 𝗶𝘀𝗻'𝘁 𝗮 𝗺𝗶𝘀𝘀𝗶𝗹𝗲. 𝗜𝘁'𝘀 𝗮 𝘀𝗽𝗿𝗲𝗮𝗱𝘀𝗵𝗲𝗲𝘁. Here's something most supply chain professionals don't fully appreciate — and probably should. Iran doesn't need to physically block the world's most critical oil chokepoint. They just need to...
CMS announced that the third round of the Medicare Drug Price Negotiation Program will proceed with full manufacturer participation, covering 15 high‑cost, single‑source drugs and one drug slated for renegotiation. The agency will issue initial price offers by June 1, 2026,...
The American Hospital Association (AHA) submitted comments to the Centers for Medicare & Medicaid Services (CMS) on the agency’s proposed Notice of Benefit and Payment Parameters for 2027. While the AHA praised CMS’s push for innovative coverage options, it warned...
The Medicare Payment Advisory Commission (MedPAC) released its March 2026 report to Congress, outlining recommended payment rates for hospital inpatient and outpatient services for 2027. The commission also proposed allocating an additional $1 billion to safety‑net hospitals through a new Medicare safety‑net...
A recent Ames & Gough survey shows eight of fifteen designer‑liability insurers raised premiums in 2025, though most hikes were five percent or less. Five insurers kept rates flat and two even lowered them, leaving the overall professional‑liability market for architects...
The Smoke Damage Recovery Act (AB 1795) is moving through the California Legislature to establish a statewide framework for evaluating and remediating wildfire smoke damage in homes. Prompted by the 2025 Los Angeles fires, which generated over 42,000 insurance claims—including 13,000 smoke‑damage...
Congressional advisers call to rein in Medicare Advantage spending amid industry pressure I’ll summarize for you. EVERY SINGLE FAMILY IN THE USA IS PAYING $800 A YEAR to the big insurance companies because taxpayers pay them more than it...
AM Best has affirmed the financial strength rating of A (excellent) and the long‑term issuer credit rating of “a” (excellent) for Torreyana Insurance Company, the captive insurer wholly owned by Vertex Pharmaceuticals. The ratings carry a stable outlook, indicating continued creditworthiness....
Louisiana regulators announced that three Allstate‑group insurers filed personal‑auto rate cuts in March 2026. Imperial Fire & Casualty reduced its Value Product by 6% for about 41,000 high‑risk drivers, IFAC lowered its Mid‑Market premiums 2.9% covering 32,000 policyholders, and Allstate...
Moody's warns that insured losses from the Iran‑Israel conflict remain manageable for large, diversified specialty insurers if hostilities are brief, projecting a baseline scenario of a few weeks before navigation through the Strait of Hormuz resumes. However, a prolonged war...
Your credit has as much of an impact on your homeowners insurance premium as whether or not you live in a disaster-prone area. https://t.co/PQ2K1kvGSE
The Washington Senate voted 30-19 to approve amendments to S.B. 5847, sending the bill to Governor Bob Ferguson. The legislation lets network providers deviate from Department of Labor and Industries (L&I) coverage decisions and national treatment guidelines when medically appropriate....
The Metals Agency has secured export credit insurance through JPMorgan Chase and the U.S. Export‑Import Bank, marking its first bank‑backed protection for international metal trades. The coverage gives customers a safety net against payment defaults, especially as copper, aluminum and...
The article provides a practical guide to construction risk management, outlining proven strategies that firms can adopt to safeguard projects. It emphasizes early risk identification, robust contract language, and leveraging technology such as real‑time analytics and BIM. The guide also...
Regulators including the FCA and SRA have warned that duplicate representation in motor‑finance commission claims creates confusion, delays and potential unfair termination fees. Firms must ensure consumers understand which agreement governs their claim and that any supersession clause is clearly...
The National Flood Insurance Program’s (NFIP) loss estimate for Hurricane Helene now sits above $7 billion, surpassing the attachment points of several FloodSmart Re catastrophe bonds. As a result, the $225 million Class A tranche of the 2023‑1 series has been allowed to...
A joint survey by the Casualty Actuarial Society and the Society of Actuaries of 350 senior executives reveals that 60% of C‑suite leaders view technological risks, especially AI adverse outcomes, as the most consequential over the next three years. Economic...
Finance leaders are being urged to grasp subrogation, a legal practice where insurers recoup payouts from at‑fault parties, as an untapped lever to curb soaring health‑care costs. Intellivo, a pure‑play subrogation firm, showcased the potential by recovering up to 1%...
UK defined benefit pension schemes are seeing a strategic shift as new regulations unlock roughly £260bn of surplus previously funneled to insurers in buy‑outs. The reforms let sponsors and members reclaim surplus, prompting interest in alternatives like captive insurance structures...
A recent Big I survey reveals that only three in ten Americans review or shop for insurance each year, despite nine‑in‑ten rating insurance as important or somewhat important. Most policyholders act reactively, waiting for premium increases or major life events before...
European insurance M&A activity climbed 14% in 2025, reaching 789 announced transactions across brokers, MGAs, service providers and carriers. The United Kingdom and Ireland saw a 23% year‑on‑year decline, yet remained the region with the most deals at 219. Continental...
U.S. commercial insurance rates rose 2.9% in Q4 2025, according to WTW’s Commercial Lines Insurance Pricing Survey, marking a slowdown from the 3.28% gains in Q3 and the roughly 6% increases seen from late 2023 through Q1 2025. The moderation reflects a...
AM Best has reduced the financial strength rating of Labuan‑domiciled Energas Insurance (L) Limited, the captive insurer for Petronas, from A to A‑. The agency also lowered the long‑term issuer credit rating from a to a‑. While the rating downgrade...
Ten medical societies, including the American College of Radiology, have written to UnitedHealthcare and Cigna urging them to revise their coverage policies for peripheral nerve stimulation (PNS), a minimally invasive chronic pain treatment. The insurers currently classify PNS as experimental,...
Alberta has imposed strict auto‑insurance rate caps, freezing premiums in 2023 and limiting increases to 7.5% for good drivers in 2025‑26 and 10‑12.5% for all policy‑holders. The caps have created a mismatch between rising claim costs—up 7.8% annually—and allowed premium...
Reinsurance broker Gallagher Re estimates that the March 10‑12 severe convective storm (SCS) outbreak in the United States will generate insured losses in the low‑to‑mid single‑digit billions of dollars, with total economic damage projected to be 20‑25% higher. The event,...
Coalition, a San Francisco‑based cyber insurer, launched its Active Cyber Policy in Canada, expanding coverage to address ransomware, AI‑enabled fraud and heightened regulatory scrutiny. The policy bundles popular endorsements, offers optional separate limits for breach response, and introduces financial incentives for...
Patients like Sheldon Ekirch have spent nearly $90,000 fighting insurer denials for costly IVIG therapy, only to receive coverage after a Virginia external review overturned Anthem's decision. The case highlights ongoing frustrations with prior‑authorization processes despite industry pledges, made last...
Kin Insurance is issuing a $300 million Hestia Re 2026‑1 catastrophe bond, marking its return to the cat‑bond market and its first effort to secure hurricane reinsurance beyond Florida. The bond is split into four tranches, each with distinct attachment points,...
Sanlam Ltd., Africa's largest insurer, warned that the protracted Iran war poses massive risks to its performance across 27 countries. The conflict is driving higher fuel prices, inflationary pressure and rising borrowing costs, which the CEO said will curb new...
Ascot announced Shanelle Burke as its U.S. Chief Financial Officer, elevating her from the controller role she has held since 2020. Burke brings more than two decades of insurance finance experience, including senior positions at Markel, Alterra USA, and KPMG....
DUAL North America, the Howden Group’s specialist underwriting arm, and AXIS Capital have raised the capacity of their joint surety programme after a strong inaugural year. Single‑bond limits have been lifted from $100 million to $150 million, while aggregate per‑principal limits rose...
In this episode of the InsurTech Leadership Podcast, Andrew Jurigan, head of insurance for North America at Plyant, explains how card‑as‑a‑service platforms are replacing traditional check, ACH, and wire payouts for insurance claims and benefits. He highlights the flexibility of...
The Louisiana Supreme Court ruled that unconditional payments restart the two‑year prescriptive period for first‑party insurance claims, even when the insurer becomes insolvent and the claim moves to the Louisiana Insurance Guaranty Association (LIGA). The decision arose from a Hurricane...
A new Brownlee LLP report urges Alberta to scrap its upcoming “Care‑first” no‑fault auto‑insurance regime, slated for Jan. 1 2027, arguing it strips victims of the right to sue and limits compensation. The report highlights that UCP AGM members voted to retain...
Neptune Flood debuted a flood‑insurance app inside ChatGPT, joining Steadily’s landlord‑insurance tool, Jerry.ai’s car‑insurance and repair estimator, and earlier entrants Insurify, Tuio and Experian. The apps deliver real‑time, preliminary quotes via conversational AI while clearly stating they cannot bind coverage....
Kevin Koehler, SVP of Financial Institutions at Westfield Specialty, emphasized that brokers who deeply understand their financial‑services clients and act additively secure better pricing and coverage. He warned that AI usage and model risk are top emerging concerns, with regulators...
U.S. executives enter 2026 optimistic, yet a stark gap exists between perceived threats and risks that could shut down their firms, according to Sentry Insurance’s 2026 C‑Suite Stress Index. While 54% expect growth, only 17% rank lawsuits—a danger that 93%...
In this episode, host Mike Stahl talks with Ryan Seamers, founder of Aegis Risk and a leading expert on self‑funded health plans and medical stop‑loss insurance. They discuss the 2026 stop‑loss renewal cycle, noting a sharp premium increase driven by...
On March 5 2026 a Intel shareholder filed a sealed derivative complaint in Delaware alleging that the company’s board breached fiduciary duties by accepting a roughly 9.9% equity stake from the U.S. government. The stake, part of an $11.1 billion federal investment tied...
New York City’s affordable‑housing operators are hit by soaring insurance costs and a disproportionate share of lawsuits. Although they represent only 20 % of the city’s multifamily stock, affordable and rent‑stabilized buildings account for 56 % of personal‑injury claims, making them three...
Waterfront short‑term rentals command premium rates but face heightened liability and environmental risks. Standard landlord policies often exclude off‑premises liability, amenity coverage, business activity, and accurate business income protection. Specialized short‑term rental policies, such as Proper Insurance’s Commercial Homeowners, address...
Jamaica announced it will renew its Caribbean Catastrophe Risk Insurance Facility (CCRIF‑SPC) parametric coverage in May 2026, but gave no indication that the World Bank‑backed $150 million catastrophe bond will be reissued. The renewal follows a record $91.9 million payout from CCRIF...
A new report highlights how artificial intelligence is reshaping underwriting across finance and insurance. AI-driven models ingest alternative data—such as transaction streams, social signals, and IoT metrics—to augment or replace traditional credit scores. Early adopters report faster risk assessments, lower...
Technology data standards ACORD and The Depository Trust & Clearing Corporation (DTCC) - A group of innovators: Yolanda Austin, Ken Leibow, Stephen Kilbon, Megan Cahill, Lisa Cavaliere, Patti Elliott, Jon Volper, Bali Bodeddula
Congressional advisers call to rein in Medicare Advantage spending amid industry pressure https://t.co/15NkEfHtqV via @bobjherman @statnews
