Know What's Happening in Insurance
Know What's Happening in Insurance
Delaware Supreme Court Lets Insurers Pursue Blackbaud Cyber Breach Claims
The court reversed lower‑court dismissals, permitting insurers to bring breach‑of‑contract actions against Blackbaud over its 2020 ransomware incident. Blackbaud had earlier paid a $3 million SEC fine and $49 million to state attorneys general for misleading breach disclosures. The ruling may shape future cyber‑insurance coverage disputes.
Brad Corbett of Shuriken Capital warns that mounting stress in private credit markets could spill over into the insurance‑linked securities (ILS) space. He identifies three transmission channels: correlated redemption pressure, tighter capital supply for new cat‑bond issuance, and a renewed focus on illiquidity premiums. While these dynamics may widen spreads and challenge cedants, the uncorrelated nature of ILS could make the asset class an attractive diversifier. The upcoming spring cat‑bond issuance window will test these hypotheses.
RBMA warned that upcoming federal Medicaid cuts could strip millions of coverage, especially in rural areas where balanced‑budget rules force states to trim enrollment or provider payments. The Congressional Budget Office projects 11.8 million loss of insurance, heightening financial strain on...
Legacy pricing engines have long hampered insurers with complex integrations and high maintenance. Modern API‑first, cloud‑native platforms now allow pricing models to be integrated in days, scale elastically, and embed enterprise‑grade security. These platforms also unify actuaries, data scientists and...
The GAO analyzed 2024 NAIC enrollment data and found that private stand‑alone dental and vision insurance markets are highly concentrated, with the three largest insurers capturing 38‑98% of dental and 41‑96% of vision group market enrollment across states. Median market...
Testudo, a Lloyd’s coverholder, has secured additional underwriting capacity from Atrium and QBE, raising the limit of its generative AI liability insurance to $9.25 million per insured. The expanded capacity broadens coverage for enterprises deploying generative AI, addressing a surge in...
TEN expects profit windfall amid war-fuelled tanker boom ▶️Tankers on time charters with profit-sharing arrangements include seven suezmaxes and two VLCCs ▶️War risk insurance rates have jumped by as much as 500% in a week, according to leading owner ▶️New York-listed owner triples...
Lockton’s February 2026 market update shows commercial property insurance for real‑estate owners softening as competition drives 5‑15% rate cuts across most asset classes, with deeper discounts for catastrophe‑prone multifamily and hotel portfolios. In contrast, casualty liability pricing continues to climb,...
Bold Penguin has partnered with digital managing general underwriter Foxquilt to bring admitted commercial general liability coverage into its Bold Penguin Terminal marketplace. The integration enables agents with Foxquilt market access to quote and bind policies directly through the platform,...
OneShield announced that a Michigan‑based specialty insurer has chosen its AI Hub platform to modernize its insurance operations. The AI Hub acts as an AI operating system, delivering large language models and agentic capabilities while coexisting with existing core systems....
What should be the top priorities in insurance this year? → https://t.co/7Y2CVAdenJ Capgemini's yearly report lists ten pivotal trends that it believes will significantly impact the industry in the near future. https://t.co/rBghzJRU14
Lockton Re, the reinsurance arm of the global broker, has teamed with digital‑transformation firm Synechron to launch the Agentforce 360 platform, Salesforce’s agentic AI solution. The platform is tightly integrated with Salesforce Financial Services Cloud, giving AI agents access to...
The Georgia Court of Appeals overturned a $345 million judgment that held five insurers liable for sexual‑abuse claims at Darlington School. The court ruled that policies written after the abuse period could not cover mental‑anguish injuries that manifested years later. Plaintiffs...
Sedgwick’s 2025 Loss Adjusting Insights Report reveals that Millennials and Gen Z now dominate insurance purchases, yet only 32% of Gen Z homeowners are very satisfied with their carriers. Younger policyholders demand flexible, digital‑first coverage and transparent communication, while 54% have switched...
Home insurance premiums are soaring, and new research shows that credit scores now drive a major portion of the price gap. Homeowners with fair credit (580‑669) can pay up to 2.3 times more than those with excellent scores, a disparity...
A new MSCI Institute report finds insurers increasingly view climate‑driven physical risk as a systemic financial threat rather than merely an underwriting issue. Surveyed insurers rate their own preparedness higher than the sector’s, with notable gaps in Asia‑Pacific where only...
💪 Protect Your Home & Family 🙏 Most insurance companies do not include natural disasters in your policy. However, if your home gets destroyed from one, you’ll have to pay two mortgages. The only way to avoid this is with...
Reinsurance specialist Jireh and Strategic Risk Solutions (SRS) introduced OpIngen in December 2023 to fill a perceived “fundamental gap” across reinsurance, insurance‑linked securities (ILS), and captive markets. The platform is positioned as a next‑generation operations service that merges proprietary technology,...
The impact of the Iran war is spreading. 1,000+ containers at Chittagong. War risk insurance pulled for the Gulf.
Clover Health announced it is the first payer to go live on a CMS‑aligned health information exchange network, marking a tangible step toward nationwide interoperability. The rollout enables Medicare Advantage members to retrieve claims and clinical data through FHIR‑based APIs,...
"U.S. DFC unveils $20BN plan for maritime reinsurance in the Gulf" The CEO of the DFC looks like someone who would sell you $20B worth of insurance. https://t.co/QRhFuzBtx0 https://t.co/0v78TH7CKl
Captive Intelligence and Captives.Insure released a technical report highlighting the growing strain in the U.S. construction liability market, especially for residential projects. Tightening capacity, rising excess rates, and aggressive plaintiff‑friendly litigation are driving insurers to impose higher retentions and narrower...
Solvency II Wire Data unveiled a suite of upgrades to its SFCR platform ahead of the 2026 reporting season. The enhancements include a multilingual search engine that scans over 24,000 Solvency and Financial Condition Reports and automatically translates English queries into European languages....
Insurance firms are shifting from intuition‑driven decisions to documented, auditable processes similar to legal practice. Regulators, clients, and AI adoption demand that underwriting and claims conclusions be traceable to policy language, with clear reasoning and citations. The industry faces heightened...
Why are ships suddenly stuck in the Persian Gulf? Ship insurance is already a maze. Add war and it becomes a labyrinth. In 15 minutes I’m going to attempt the impossible: explain ship insurance 101, what’s happening, why ships won’t sail, and...
The Centers for Medicare & Medicaid Services (CMS) announced that beginning in 2027 states must move Medicaid eligibility checks from annual to six‑month intervals for the expansion population. States have two pathways: an immediate transition for all eligible beneficiaries or...
An Illinois appellate court revived a wrongful‑death suit filed by the estate of 20‑year‑old water worker Matthew Heiden, who drowned after being sent alone into an underground vault without required safety measures. The court found the plaintiff’s claims were not...
AM Best upgraded the Long‑Term Issuer Credit Rating for First Chicago Insurance Company and United Security Insurance Company to “bb+” from “bb,” while affirming a B‑rated Financial Strength Rating. Both entities now carry a stable outlook for the Long‑Term ICR, replacing...
AM Best has assigned Protect Insurance PCC, a Gibraltar‑domiciled captive, a financial strength rating of B (fair) and a long‑term issuer credit rating of bb+ (fair), both with stable outlooks. The company operates as an unincorporated cell company with a...
Arbital Health announced rapid market adoption of its Merlin AI actuarial assistant, launched in October 2025. Leading payers and providers such as Arkos Health and CommuniCare have integrated the platform to monitor value‑based care contracts, forecast financial impact, and identify...
Florida authorities arrested 12 individuals linked to a scheme that sold insurance licenses through a fraudulent testing center in Miami. The operation, run by Rainier Miguel Salas’s D&R Financial Services, falsified Pearson VUE exams and provided pre‑licensing education. Salas previously...
Floodbase has launched the Floodbase Quote API, a tool that automates parametric flood quoting for insurers and managing general agents. The API transforms traditionally manual, location‑by‑location pricing into instant, standardized quotes, allowing faster distribution to small and mid‑size commercial markets....
The U.S. Second Circuit Court of Appeals ruled that cannabis cannot be deemed a reasonable and necessary medical expense under the Longshore Harbor and Workers’ Compensation Act because it remains a Schedule I drug under federal law. The decision cites the...
The insurance AI market is projected to reach $80 billion by 2032, yet roughly two‑thirds of property carriers remain stuck between vision and execution. While 58‑82% have deployed AI tools, only 12% possess mature capabilities and a mere 7% have achieved...
Elitium, a new managing general agent incubated by Mission, has launched a commercial combined insurance program targeting manufacturing trades and well‑maintained unoccupied residential and commercial properties. Co‑CEOs Linda Bichener and Leah Miller, former DUAL underwriters, emphasize expert‑led underwriting and direct...
Lockton, the world’s largest privately‑owned insurance broker, announced the appointment of a former Marsh energy division leader to head its energy practice. The hire brings roughly two decades of underwriting and risk‑management experience across oil‑gas and renewable sectors. Lockton aims...
Optum Real has teamed with Microsoft to accelerate claims and reimbursement using Azure, Dragon Copilot and Microsoft Foundry. The joint solution embeds AI‑driven coverage predictions, documentation assistance and prior‑authorization support into Optum Real’s real‑time platform. Pilot data show up to...
SageSure successfully issued the $175 million Gateway Re Series 2026‑2 catastrophe bond, meeting its target size while pricing Class A notes below initial guidance and Class B notes within range. The multi‑peril bond provides reinsurance for Auros Reciprocal and Interboro across storm, earthquake, wildfire, severe...
DID THE NAVY JUST SINK SHIPPING? Question for @SecWar, @thejointstaff @CENTCOM @US5thFleet: Was there any discussion about the impact that sinking an Iranian frigate near a heavily trafficked shipping lane would have on global shipping. I am not privy to the...
US offers a $20B maritime war-risk reinsurance backstop to coax tankers back into the Gulf No one wants it It doesn’t provide shipowners the incentive they need to sail into a war zone. #Hormuz #oilmarkets #shipping #geopolitics
U.S. Occupational Safety and Health Administration has issued 19 citations against PCE Petroleum Contractors Enterprises, a Florida tank‑service firm, after a worker died from benzene and toluene exposure in a confined space. The agency proposed a $60,242 fine, which the...
Hormuz traffic isn’t being stopped by insurance alone, writes @Amena__Bakr Coverage is still available. The real deterrent is fear of attack, and only a full, sustained ceasefire will normalize flows. #Hormuz #shipping #oilmarkets
Trump admin announces $20 billion reinsurance program for oil tankers during Iran war: CNBC $XLE $USO
Berkshire Hathaway Specialty Insurance (BHSI) appointed Rory O’Broin as Global Head of Transactional Liability. O’Broin will lead the insurer’s transactional liability operations worldwide from its London office. He brings extensive M&A, contingent risk and tax liability insurance experience, plus a...
The U.S. Centers for Medicare & Medicaid Services has proposed a new advance care planning (ACP) quality measure, MUC202-020, that would tie reimbursement to documented end‑of‑life conversations for patients 18 and older. The measure would apply to hospitals, home health...
Global reinsurer SCOR has promoted Sofia Kyriakopoulou to Group Chief Technology, Data & AI Officer, effective March 1, 2026. Kyriakopoulou, who joined SCOR in 2024 as Chief Data & Analytics Officer, previously held senior data and digital roles at Swiss...
The March 3, 2026 AJMC/MHE webinar examined the Trump administration’s Great Healthcare Plan, focusing on most‑favored‑nation (MFN) drug pricing, the lapse of ACA marketplace subsidies, and the Inflation Reduction Act’s (IRA) impact on community oncology. Sixteen manufacturers have voluntarily adopted MFN pricing,...
Global InsurTech funding topped $1 billion in February, propelled by a $703 million debt raise from Howden Group. Excluding Howden, venture‑backed firms secured roughly $376 million across 11 deals, keeping pace with January’s activity. AI‑centric companies dominated the venture pool, with notable rounds...
HDI Global SE announced the promotion of Gerrie Piette to Manager Captives. Piette, based in Brussels, previously served as senior casualty underwriter and account manager for captives. The new role expands his responsibilities overseeing HDI's captive insurance operations. The move...
Agentic insurance commerce https://t.co/Mi22QkQtSh @jeffroth77 @GalenDShaffer @JimMarous @FGraillot @nigelwalsh @SpirosMargaris @jblefevre60 @robgalb @RonnoArnold @hedgequote @Nick_Lamparelli @antgrasso @hugues_bertin @globaliqx @psb_dc @an_battista @InsuranceEleph1
EY has appointed Andrew Christie and Brad Schock as co‑leaders of its global captive insurance practice, while Jim Bulkowski will oversee risk management and insurance M&A. The restructuring aims to strengthen EY's service offering for captive insurers and broaden its...
