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.
The U.S. Department of Labor’s Office of Inspector General has added a fiscal year 2026 audit to its work plan, targeting the Occupational Safety and Health Administration’s (OSHA) workplace violence prevention program. The audit will evaluate OSHA’s actions since a 2001 review highlighted gaps in training, outreach, and incident recordkeeping. Workplace violence remains the third‑leading cause of fatal occupational injuries, with 849 intentional deaths among 5,486 total fatalities in 2022. Findings will reveal how effectively OSHA has addressed these long‑standing safety concerns.
illumend has introduced an AI‑first insurance compliance platform and a Broker Referral Partner Program to help brokers and their SMB clients manage certificates of insurance and policy endorsements proactively. The solution, powered by the conversational AI engine Lumie, automates document...
The Hartford has deepened its reliance on catastrophe bonds, issuing a $270 million Series 2026‑1 bond that attaches at $1.6 billion and exhausts at $1.9 billion of per‑occurrence losses. This new layer sits above the 2023‑1 bond, which now attaches at $1.29 billion and exhausts...
Hybrid insurance and reinsurance structures that blend traditional coverage with alternative risk transfer are gaining traction among captive owners seeking flexibility and cost stability. Experts highlighted that such hybrids let companies leverage markets, create arbitrage, and retain control of their...
Investors often overlook real insurance quotes during rental property due diligence, assuming generic numbers will hold. In reality, underwriting factors such as roof age, electrical panels, plumbing materials, and geographic hazards can dramatically inflate premiums after closing. Securing an actual...
U.S. National Highway Traffic Safety Administration (NHTSA) has opened a public comment period on Amazon‑owned Zoox’s petition to operate up to 2,500 steering‑wheel‑free robotaxis. Zoox seeks exemptions from eight federal vehicle‑safety standards designed for human‑driven cars, arguing its purpose‑built autonomous...
Group captives have transformed from a niche risk‑financing idea into a fast‑growing segment of U.S. commercial insurance, now generating about $6.5 billion in premium. Over 90 captives serve the market, accounting for roughly 6.5 % of the $100 billion commercial casualty space. Retention...
A new study published in *Urology* shows that states mandating insurance coverage for male infertility procedures, alongside female care, experience six times higher IVF utilization and the greatest number of IVF‑born babies per 100,000 women. Male factor infertility accounts for...
“Overpayments to Medicare Advantage insurers increased Part B premiums by $13.4 billion in 2025, the committee said, a cost mostly borne by seniors.”
EU regulators have opened a public consultation on the European Union’s green taxonomy reporting rules, seeking comments on proposed amendments to key performance indicators. The review focuses on reporting obligations for banks, insurers and large corporations, aiming to tighten alignment...
Insurtech Akur8 has expanded its strategic alliance with RSM US LLP, deploying the Akur8 Discover module across the consulting firm’s entire North American practice. The AI‑powered solution converts unstructured regulatory filings from SERFF and state departments into searchable, actionable data,...
DUAL Latin America has teamed up with Liberty Specialty Markets Latin America to expand Property and Financial Lines capacity for middle‑market brokers across the region. The alliance targets Property lines in Mexico and Central America while offering Financial Lines coverage...
Contractors face a tightening 2026 surety market as underwriting standards grow stricter, prompting a renewed focus on disciplined financial management. The article outlines how preserving project profitability, rigorous cash‑flow forecasting, prudent debt mitigation, and retained‑earnings targets can safeguard bonding capacity....
RenaissanceRe reported that property catastrophe rates slipped low‑teen percentages at the January 1 2026 renewals, but the firm’s higher retentions and tighter terms held steady. Executives highlighted that the structural improvements achieved over the past two years remain intact, cushioning risk‑adjusted returns....
Markel Insurance has appointed Jamie Smith as London Underwriting Manager – US Cyber Lead, reporting to Dan Fox. Based in London, Smith will oversee the US cyber segment of Markel’s London Market portfolio, driving growth and broker engagement. His responsibilities...
"There's another big reason why shipping companies and insurers aren't willing to risk the Strait of Hormuz" https://t.co/vQRVNaMtNL https://t.co/xPjkCzHB0U
Aon has signed a multi‑year agreement with VIPR Solutions to automate its delegated authority operations across its global reinsurance platform. The partnership will deploy VIPR’s cloud‑native suite for bordereaux management, data analytics, and coverholder administration, aiming to improve transparency, data...
Alabama enacted House Bill 300, requiring insurers to cover medically necessary supplemental breast imaging—contrast‑enhanced mammography, ultrasounds, and MRIs—without patient cost‑sharing. The law, signed by Gov. Kay Ivey on March 5, joins roughly 30 states that have passed similar mandates. Advocacy groups,...
The recent missile and drone attacks in the Strait of Hormuz exposed a stark visibility divide in maritime logistics. While insurers pulled war‑risk coverage and AIS signals were jammed, some operators leveraged digital twins and scenario modelling to reroute traffic...
Greenlight Capital Re posted a record net income of $74.8 million for 2025, up from $42.8 million in 2024, driven by an 11% rise in gross premiums written to $773.3 million. Net underwriting income swung to $35.7 million from an $8.2 million loss, pushing the...
Beazley announced the acquisition of U.S. renewable‑energy MGA kWh Analytics, embedding the firm into its Marine, Accident & Political (MAP) Risks team. CEO Jason Kaminsky will report to MAP head Tim Turner, reinforcing Beazley's transition‑underwriting strategy. The deal adds kWh’s...
Primary care physicians are feeling the squeeze from projected Medicaid cuts and low insurer reimbursement rates, prompting practices like Valley Medical Group in western Massachusetts to lay off 40 staff members, roughly 10% of its workforce. To regain bargaining power...
Aspire General Insurance has partnered with AI platform Liberate to launch an AI‑powered First Notice of Loss (FNOL) system, integrated with its existing Snapsheet claims management tool. Policyholders can report incidents via the AI voice agent Nicole or a web...
Fidelis Insurance Group completed an investment in Oak Global late last year and announced a portfolio‑wide partnership effective with the January 1 2026 renewals. The deal provides Fidelis capital to Oak’s Lloyd’s syndicates, including the newly launched Syndicate 1440 for retrocession and Syndicate 2843...
Wakam UK has teamed up with specialist intermediary Principal Insurance to launch a digital‑driven motorcycle insurance programme in the UK. The partnership blends Wakam's automated underwriting platform with Principal's deep distribution network and rider‑community relationships. Both firms say the collaboration...
Where does AI-first InsurTech stand in France ? → https://t.co/I7HgWDOnBV That's a question we discussed recently, together with Alexandre Pengloan, following an analysis of the InsurTech dynamic in France. https://t.co/2QX0LCBiTo
The Insurance Regulatory and Development Authority of India (IRDAI) granted registration to Allianz Jio Reinsurance Limited and Kiwi General Insurance Limited at its 134th meeting on March 9, 2026. Kiwi, co‑founded by former Tata AIG CEO Neelesh Garg, had cleared the R1...
Louisiana's Department of Insurance adopted Regulation 136, requiring insurers to offer hurricane‑only premium discounts to homes that achieve the IBHS Fortified designation. Discount rates differ by geographic zone and Fortified tier, ranging from 16 % in the north to 49 % in the...
The 7th Circuit Court of Appeals ruled that Church Mutual does not owe Lighthouse Tabernacle Church replacement‑cost insurance for fire damage because the policy required the insured to begin repairs promptly, which the church failed to do. The insurer had already...
Companies across the Gulf are rapidly purchasing political violence insurance as regional fighting intensifies, with hundreds of inquiries flooding insurers and brokers. Premiums have jumped to roughly five times pre‑crisis levels, turning a $10 million cover for a $20 million project into...
In this episode, AM Best’s Dave Pilla explains why reinsurance sidecars are experiencing a surge, driven by heightened investor appetite and the need for capital flexibility among reinsurers. He outlines how sidecars—special‑purpose vehicles funded by investors—are expanding capacity for property,...
In this episode, Mark Gagan talks with Miguel Rosa, CEO of Mapfre Re, about the reinsurer’s outlook as the market softens faster than expected. Rosa explains Mapfre Re’s dual role—serving internal group needs while growing a third‑party portfolio—and emphasizes its...
Insurify launched the first AI‑powered insurance app on OpenAI’s directory, prompting a brief dip in the S&P 500 Insurance index. The founders emphasized the rollout as an evolutionary step rather than a disruptive threat, noting that the app currently provides estimated...
The Florida House approved Senate Bill 1028, establishing a clearinghouse to transfer Citizens Property Insurance commercial policies to admitted and surplus‑line carriers. The measure passed 88‑19 despite objections from agents, brokers, and the state insurance commissioner. Amendments added regulatory oversight...
A new AXIS Capital report finds wind turbines account for 57% of offshore loss claims. Drive‑train component damage makes up two‑thirds of turbine‑related claims, while inter‑array cables represent 14% with a $6.8 million average cost. Foundation claims are the third‑largest driver...
State Farm, the California Department of Insurance and Consumer Watchdog have reached a settlement that leaves a 17% emergency homeowners‑insurance rate increase in place while providing refunds with 10% interest for condo and landlord policies. Renter‑insurance rates will rise slightly...
Pangaea Logistics Solutions (Palomar) posted a record $2 billion gross written premium for 2025, a 32% increase, and adjusted net income of $216.1 million, up 62% year‑over‑year. Adjusted return on equity rose to 25.9%, surpassing its 2x target. The company completed the...
The 1199SEIU Healthcare Workers East union is rallying for the Home Care Savings and Reinvestment Act, which would strip private insurers from New York's Medicaid home‑care payment system and replace them with a state‑run fee‑for‑service model. Proponents claim the change...
The Centers for Medicare & Medicaid Services released guidance on March 6 directing states to transition to six‑month Medicaid redeterminations beginning in 2027, as mandated by last year’s budget reconciliation bill. States have two implementation pathways: one that allows them to...
A new International Insurance Society survey shows resilience is now a core strategic priority for insurers, yet fewer than one‑in‑four have woven it into daily operations. Executives cite disaster (52%), digital (50%) and climate (47%) resilience as top focuses, with...
Severe convective storms (SCS) have become a dominant U.S. catastrophe peril, generating roughly $200 billion in insured losses between 2020 and 2024—about 2.5 times the prior five‑year period. Over the past decade SCS accounted for half of global insured losses from...
The article argues that the wars in Ukraine and the Middle East are reshaping directors‑and‑officers (D&O) liability by turning geopolitical risk into a core governance issue. Rapid sanctions, divestment decisions and supply‑chain disruptions have already sparked securities lawsuits, exemplified by...
Aon, one of the world’s largest insurance brokers, completed a proof‑of‑concept using stablecoins to settle premium payments. The firm partnered with Coinbase and Paxos to move USDC on Ethereum and PayPal USD on Solana, marking the first known stablecoin settlement...
The ongoing Iran war is forcing small airlines to absorb daily losses of $100,000‑$200,000 per aircraft as operational disruptions remain largely uninsurable. Insurers are closely tracking the situation but have not yet raised premiums, opting to revisit risk exposures and...
The ACA’s state‑run health‑insurance marketplaces, which require essential benefits and sort plans into Platinum, Gold, Silver and Bronze tiers, covered about 10 million people before COVID‑19. A 2021 expansion of premium tax credits more than doubled enrollment to 23 million and pushed...
In this episode, Ropes & Gray attorneys discuss a wave of new ERISA class actions targeting voluntary benefit plans such as accident, critical illness, and hospital indemnity insurance. The plaintiffs argue that employers and their brokers have breached fiduciary duties...
March ICE Mortgage Monitor: "Average annual property insurance payments rose to an all-time high" https://calculatedrisk.substack.com/p/march-ice-mortgage-monitor-average
Leading aviation insurers, including Germany’s HDI Global and Allianz Global Corporate & Specialty, announced new underwriting requirements for flights to several Middle Eastern countries. Operators must obtain advance notification and explicit insurer approval for destinations such as Iran, Iraq, Israel,...
Spain’s National Commission for Markets and Competition (CNMC) has opened an investigation into the country’s insurance sector over alleged coordination on compensation claim coverage and the exchange of client information. The probe focuses on potential collusion that could distort pricing...
CG Re announced the launch of a dedicated aviation practice, expanding its reinsurance brokerage services into commercial airlines, aircraft lessors, OEMs, and emerging drone operators. The new unit will provide underwriting, risk‑management, and claims expertise, leveraging CG Re's global network...
