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.
Enterprises now face a flood of risk signals—from cyber threats to supply‑chain shocks—but data alone does not guarantee resilience. The article introduces "capability intelligence" as the missing link that gauges how an organization actually performs under stress. By leveraging digital twins to model inter‑dependent processes and micro‑simulations to capture real‑time response behavior, firms can turn static risk dashboards into continuous, evidence‑based insight. This shift moves resilience from a periodic compliance check to a living, adaptive capability.
President Donald Trump’s recent military actions in Iran, a rapid raid on Venezuela, and broader geopolitical tensions have prompted multinational corporations to reassess exposure to political upheaval. Companies across energy, finance, and logistics are increasingly turning to political risk insurance...
Tokio Marine & Nichido Fire is targeting mid‑guidance pricing for its $100 million Kizuna Re III catastrophe bond, which provides earthquake reinsurance for the Tokio Marine group. The bond, issued through a Singapore‑based SPV, carries a three‑year rolling aggregate trigger and a...
Catastrophe data firm PERILS released its final industry loss estimate for Cyclone Alfred at AU $1.877 billion, making it the costliest insured Australian cyclone since 2017. The figure represents a steep decline from the initial $2.568 billion estimate, after successive adjustments of 12%,...
Singapore's Monetary Authority (MAS) has issued new Environmental Risk Management guidelines that focus on climate transition planning for banks, insurers and asset managers. The rules require firms to embed forward‑looking climate risk assessments, governance structures and client engagement into their...
New York lawmakers rejected Gov. Kathy Hochul's proposal to reform the state's surprise billing arbitration system. The governor's budget aimed to save $56 million by exempting Medicaid and lowering benchmark rates, aligning them with average private insurer payments. The legislature...
Anthem Blue Cross and Blue Shield, operating as Elevance Health, is extending its "non‑participating care providers" policy to California, marking the 12th state to face a 10% administrative penalty on hospital claims that involve out‑of‑network radiologists. The policy, first rolled...
WTW argues that catastrophe bonds are a prime asset for a Total Portfolio Approach, delivering returns that are uncorrelated with traditional markets and improving diversification. The cat‑bond market is expanding as disaster frequency and severity increase, pushing premiums higher while...
AI could become one of the most powerful tools in the fight against financial crime, not by expanding surveillance, but by rebuilding integrity into digital systems. If AI can create stronger evidence chains that connect documents, actions and transactions, it can...
The cost of protection is near the most expensive levels in history. *Is it sustainable? / What happens next? https://t.co/c2ruCJC9SP
Hannover Re posted a 13.4% rise in 2025 net income to €2.6 billion, driven by 4.7% higher reinsurance revenues and a 21.4% return on equity. Property‑casualty (P&C) results improved, with the combined ratio falling to 84% and service result reaching €2.6 billion....
Hong Kong @PARIMAorg Masterclass kicked off this morning with closed door session for risk managers only co-hosted with my friend Antonio Kam https://t.co/z4hOcuXEvv
S&P Global Market Intelligence reported that U.S. property‑casualty insurers posted a record $67.9 billion net underwriting gain in 2025, driving the combined ratio just under 93.0 – the strongest underwriting performance in 19 years. Personal lines such as homeowners (53.7 loss ratio)...
Edge Focus CEO Elliott Lorenz discussed a new generation of AI underwriting that transforms asset‑backed finance. By applying advanced machine‑learning algorithms to securitisation, lenders can more accurately price and structure credit for esoteric assets such as royalties, aviation leases, and...
A recent report reveals that Medicare Advantage (MA) overpayments are driving higher premiums for traditional Medicare beneficiaries. The analysis shows that excess payments to private MA plans have been passed on to the broader Medicare pool, inflating costs for all...
The article argues that strategy alone is insufficient; it must be broken down into concrete objectives such as growth, service availability, sustainability, and operational performance. By anchoring risk and resilience practices to these measurable objectives, organizations can move from aspirational...
Zhibao Technology Inc. has partnered with Sichuan Fanmo Technology to launch China’s first online insurance product aimed at individual drone operators. The policy, priced at CNY 395 (USD 57) per year, offers full‑value coverage and can be activated within 15 minutes via...
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Outsurance Holdings posted a 7.7% rise in normalised earnings to R2.324 bn for the six months to 31 December 2025, while its return on equity improved to 32.3%. The insurer’s claims ratio jumped to 58.6% as natural‑perils losses in Australia doubled, yet cost...
U K Insurance (UKI Limited) published its Solvency II capital ratios from 2016 through 2024, showing fluctuations in the Solvency Capital Requirement (SCR) and steady compliance with the Minimum Capital Requirement (MCR). Eligible own funds and total assets grew overall, despite...
DSLD Homes, a leading privately‑held home builder in the Gulf South, is evaluating the use of its South Carolina‑domiciled captive insurance company at a higher tier within its general liability insurance tower. The move would shift more liability exposure onto...
CVS Health’s Aetna Medicare Advantage subsidiary agreed to pay $117.7 million to settle False Claims Act allegations that it submitted inaccurate diagnosis codes to boost risk‑adjustment payments. The Department of Justice accused Aetna of running a chart‑review program that added unsupported...
Captive insurers are increasingly being used to underwrite third‑party programs such as extended warranties, delivering underwriting profits of 20‑30% and additional investment income from premiums held. Manufacturers like Subaru and Harley‑Davidson have built captives to reinsure service contracts, achieving risk,...
Fidelis Insurance Group secured a roughly 20% reduction in reinsurance rates during its January 2026 renewal, while enhancing aggregate protection across multiple classes. The firm leveraged long‑standing relationships with top‑tier reinsurers and opportunistic purchases to broaden coverage and improve terms....
The International Finance Corporation is arranging a guarantee facility of up to $50 million to cover the reinsurance credit risk of ZEP‑RE, Africa’s leading reinsurer based in Nairobi. The guarantee, paired with advisory services, will enable ZEP‑RE to underwrite more profitable,...
Alabama lawmakers introduced H.B. 466 to add Parkinson’s disease to the state’s list of recognized firefighter occupational illnesses. The bill creates a presumption that the disease stems from job‑related toxin exposure, provided the firefighter has a clean pre‑service physical and...
The Fidelis Partnership (TFP) announced a series of senior promotions, naming Grahame Dawson as Head of D&F – London, Mel Puskar as Group Head of Credit, Oliver Searles as Head of Energy, and Jamie Graham as Head of Cargo. Additional promotions include...
Since its 2015 launch, the STAX high‑coverage, 80%‑subsidy area‑add‑up insurance has become a cornerstone of the U.S. upland‑cotton safety net, covering 29% of insured cotton acres. Over 2015‑2024, STAX‑linked indemnities offset 97% of the sector’s $11.5 billion market loss, contributing $1.8 billion...
CRC Group CEO Dave Obenauer told Zywave’s Casualty Insights Conference that insurers should prioritize coverage over price, especially as AI and data analytics reshape underwriting. He noted that while casualty rates have moderated, loss trends driven by large settlements and...
The freight market is confronting a multi‑layered risk environment as cargo theft shifts from opportunistic grabs to organized fraud, with incidents up 93% since 2021 and strategic theft soaring over 1,400%. Shippers and 3PLs are moving from one‑time carrier checks...
Singapore’s major shipowners are confronting a wave of war‑risk policy cancellations as insurers pull back coverage linked to heightened Red Sea tensions. The move leaves vessels without protection against hostile acts, forcing operators to seek costly alternatives or self‑retain risk....
KeyBank CRO Mo Ramani says emotional intelligence is as vital as analytical skill for modern risk leaders. He argues EQ drives transparent communication, stronger collaboration, and better decision‑making across the enterprise. Ramani also stresses that risk executives must act both...
The International Underwriting Association (IUA) says the marine war‑risk market is functioning as expected despite the escalating hostilities involving Iran. Insurers continue to provide coverage across multiple lines, while shipping through the Strait of Hormuz has stalled for safety reasons...
The National Council on Compensation Insurance reports that opioid costs in workers’ compensation fell an average 2.8% annually from 2012 to 2023, dropping median claim expenses from $188 to $105. Meanwhile, topical medication spend rose from $38 to $62 per...
The Healthcare of Ontario Pension Plan (HOOPP) reported its insurance‑linked securities (ILS) portfolio grew 9% in 2025, reaching CAD $1.97 billion (approximately US $1.44 billion). The ILS assets now represent about 1.49% of the fund’s total CAD $132 billion AUM, slightly lower than...
A QBE Insurance survey finds 80% of risk managers at large U.S. firms faced employee crime in the past year, with billing fraud leading at 36%. Incidents often involve multiple perpetrators and senior staff, while 41% of managers express very...
Insurance Journal’s Risky Future series is hosting a free "AI Tools for MGAs" Demo Day on March 11, 2026. The online event will feature 15‑20 minute product demonstrations from Guidewire, Dyad, Joshu and Vertafore, highlighting AI‑driven workflow automation, underwriting, policy...
Outstanding WSJ story on the explosion of ABA/autism therapy -fueled by lax Medicaid payment and often non-existent compliance policies, $20/hr RBTs credentialed after a 40-hour online course, and annual staff churn of 50–100%. Our “pay and chase” reimbursement system assumes...
U.S. Taps Chubb to Lead Trump's $20B Insurance Plan for Hormuz Shipping. What will $20bil do? https://t.co/hZKhxZDvON
Insurance firms are turning to AI‑driven risk‑appetite scoring to streamline underwriting, achieving efficiency gains exceeding 30% across property and casualty lines. Traditional static documents like PDFs and spreadsheets fail to provide real‑time guidance, leading to misaligned submissions and slower quoting....
"We want to build financing infrastructure ... that allows anyone to underwrite anyone" @PaulFram https://t.co/Cc4ufu0Lcr
Chubb set as main U.S. insurer for Persian Gulf shipping amid Iran war: CNBC $USO $XLE
UK insurers face heightened regulatory pressure in 2026, driven by the FCA’s Consumer Duty and broader compliance mandates. The FCA now expects firms to prove positive customer outcomes, not just procedural compliance, raising operational costs. Technology adoption, especially data analytics...
Who will control/dominate the insurance business of ships transiting the Strait of Hormuz once energy is consistently flowing again?
Leigh Harris says Insurance industry could make out big over the Iran War. Lots of Datacentres are being built around the Gulf and they now want Warfare Insurance cover.
The article explains three emerging health‑insurance tactics—intercompany eliminations, copay accumulators/maximizers, and reference‑based pricing—that reshape cost flows and patient liabilities. Intercompany eliminations let insurers count payments to owned providers toward medical loss‑ratio requirements, effectively boosting margins. Copay accumulators prevent manufacturer coupons...
Leigh Harris, Insurance Writer at FT, says the Oil Tanker problem in Strait of Hormuz is not due to Insurance. Underwriters are insuring Ships but can be 12x the usual rate. The problem is risk of being sunk and to crew...
Centene announced that roughly 40% of its Affordable Care Act members will drop coverage by year‑end, confirming a 36% enrollment decline in Q1 2026. The drop follows the expiration of enhanced ACA tax credits, which has pushed premiums higher and...
The 2026 analysis highlights growing interest in Supplemental and Enhanced Coverage Options (SCO and ECO) as higher subsidy rates make them attractive. Producers can replace the standard RP‑85% policy with a lower RP‑75% base plus SCO/ECO at a 95% coverage...
Beazley acquires kWh Analytics to scale renewable energy underwriting #energysky -- via pv magazine usa: https://t.co/HU8MHQTedQ
Norman Marks outlines a pragmatic onboarding plan for a first‑time chief risk officer. He emphasizes a listening tour to grasp the organization’s culture, decision‑making processes, regulatory mandates, and existing risk infrastructure. The approach prioritizes swift regulatory compliance using minimal resources,...
