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.
Oman has become the first GCC market to mandate natural‑catastrophe coverage within its Unified Motor Insurance Policy, effective 19 February 2026 after a one‑month alignment period. The scheme, built with Oman Re, Gallagher Re and the Oman Insurance Association, automatically protects third‑party motor policyholders against climate‑related disasters. It introduces clear compensation rules, defined claim timelines and a balanced risk‑sharing model to bolster market sustainability. Regulators describe the initiative as a template for regional resilience against escalating climate risks.
McKinsey estimates generative AI could generate $50‑$70 billion in incremental insurance revenue, driven by gains in marketing, customer operations and software engineering. The firm highlights the sector’s fragmented workflows and rich data assets as fertile ground for AI‑enabled automation and predictive...
The Financial Conduct Authority and the Prudential Regulation Authority will launch a joint consultation in the third quarter of 2026 on a new regulatory framework for captive insurers, with the rules expected to take effect in 2027. The timetable was...
Willis, a WTW unit, has teamed with security SaaS provider Belfry and InsurTech specialist Kayna to launch a digital insurance programme for physical security firms. The collaboration embeds a Willis‑brokered insurance portal directly into Belfry’s platform, using Kayna’s real‑time data...
Insurance leaders often jump straight into a build‑or‑buy debate for claims AI, treating every use case as identical. Chad Langford argues the real issue is categorizing problems by complexity, external data requirements, and carrier‑specific processes. Mis‑classification leads to over‑building simple...
I've just released my weekly wrap-up. 1️⃣ A public view on Emerging Risks 2️⃣ Re-aggregating banks 3️⃣ Quantum Computing gets closer to production 👉 https://t.co/P2HDzCRgWS — fgtrends
In this episode, InsurTech Leadership host Josh interviews Randall Bennett, CEO and co‑founder of Quixen, about the company’s embedded, parametric production guarantees for commercial solar projects. Bennett explains how Quixen partners with solar installers and prime contractors to offer a...
Adjusters handling commercial‑truck accidents must navigate a dense web of electronic logs, driver qualification files, maintenance records, and carrier safety scores. Red flags such as ELD violations, missing qualification documents, incomplete DVIRs, and low SMS ratings often signal heightened exposure...
A federal judge granted Marsh a preliminary injunction blocking seven former employees, now at Howden US, from using Marsh's confidential information, soliciting Marsh staff, and courting Marsh clients for one year. The court found Marsh likely to succeed on breach‑of‑contract...
Elevance Health, formerly Anthem, is deploying artificial intelligence across its operations while drawing a firm line against using AI for claim denials. The insurer leverages AI to flag incomplete claims, accelerate prior‑authorization approvals, and power virtual assistants that guide members...
Claims automation has delivered unprecedented speed, but insurers now recognize that speed alone is insufficient. The industry is shifting toward decision quality, fairness, and defensibility, driven by rising claim complexity, fraud risk, and regulatory scrutiny. AI‑powered decision engines are emerging...
AI patents are rapidly becoming the insurance industry's most potent competitive lever, yet the majority of carriers lack a coherent strategy to leverage them. A handful of property‑and‑casualty insurers have filed 77% of all AI‑related patents, creating a steep concentration...
State Farm posted a $1.5 billion underwriting gain for its property‑casualty segment in 2025, reversing a $6 billion loss in 2024 and over $10 billion losses in the two preceding years. The turnaround was driven by a near‑$5 billion auto underwriting profit, with earned...
AI can be leveraged to automate and enhance internal controls over financial reporting (ICFR) and SOX compliance, especially through agentic AI that creates documentation, scans evidence, and tests controls. However, compliance officers must ensure that AI testing validates control design,...
Nearmap’s VP of AI & Computer Vision, Dr. Michael Bewley, explains how AI‑driven aerial imagery is reshaping property insurance. Supervised machine‑learning models can identify roof conditions, quantify damage likelihood, and feed into faster catastrophe response. However, the flood of heterogeneous...
Alignment Healthcare posted a fourth‑quarter loss of $11 million, but revenue rose 44 percent to just over $1 billion and membership jumped 25 percent to 236,300. The loss narrowed sharply from $31 million a year earlier, and the full‑year loss shrank to $724 000 versus $128 million...
A Florida appeals court struck down a 2023 rule that would have forced workers‑comp insurers to reimburse medications dispensed by physicians, ruling the measure exceeded the statutory “free, full, and absolute choice” language for pharmacy selection. The court held that...
Landlord insurance policies are generally unsuitable for short‑term rentals (STRs) because they exclude many risks inherent to hospitality operations. Instead, property owners need a commercial homeowners or dedicated STR policy that provides broader liability limits, coverage for guest‑caused damage, equipment...
Louisiana lawmakers introduced S.B. 162 to amend the state workers' compensation medical treatment schedule. The bill would keep the existing appeal framework but restrict the evidentiary record on further appeal to only what the medical director or associate medical director...
Oregon and Oklahoma are set to launch their own state‑based ACA exchanges, bringing the total to 23 states (including DC) that will operate independent marketplaces by 2028. This shift will push state‑run exchanges past the 50 percent population mark, a milestone...
Liberty Co. Insurance Brokers announced the launch of Liberty Collateral Protection, a new collateral protection facility aimed at lenders and loan servicers with large, multi‑state portfolios. The offering blends lender‑placed insurance, real‑estate‑owned (REO) coverage, and collateral protection insurance with centralized...
Africa’s insurance protection gap remains stark, with only about three percent of the population covered. Mobile‑money, AI and API‑driven models are enabling a new wave of insurtech startups to offer micro‑insurance at scale. The article highlights six innovators—Pula, Lami, Pineapple,...
Berkshire Hathaway Specialty Insurance provides a broad suite of commercial property, casualty, professional liability, and specialty lines tailored for high‑risk sectors, including life sciences. The insurer underwrites policies on the paper of Berkshire Hathaway’s National Indemnity group, which carries an...
Munich Re reported a 12% decline in fourth‑quarter net profit, posting €945 million versus €1.068 billion a year earlier, missing analyst expectations of €1.030 billion. The drop was primarily driven by adverse currency effects from a weaker U.S. dollar. Despite the quarterly dip,...
Extreme heat in the United States hit record levels in 2025, driving a sharp rise in heat‑related occupational deaths and injuries. OSHA has extended its National Emphasis Program and proposed a new heat‑injury rule, while several states already enforce stricter...
Florida Senate Bill 990 authorizes protected cell companies (PCCs), expanding the state’s captive insurance framework. The bill outlines governance, formation, capitalization, operation, and regulatory oversight requirements. PCCs will allow multiple segregated risk cells under one legal entity, aligning Florida with...
In 2025 the Centers for Medicare & Medicaid Services launched a voluntary Premium Stabilization Demonstration for Medicare Part D standalone drug plans to curb steep premium hikes and protect enrollment. GAO analysis showed that without the program, average premiums would have...
The A&E professional liability market recorded its fifth consecutive year of premium growth in 2025, yet claim severity surged, with 60% of insurers reporting larger loss payouts. Defense costs now dominate, driven by aggressive litigation and rising counsel fees. While...
Wakam UK launched in April 2024 as a fully authorised digital insurer built to serve MGAs, insurtechs and embedded insurance platforms. Leveraging an API‑driven, AI‑native core, the firm can design, underwrite and launch bespoke products in weeks rather than months....
Willis, a WTW business, has launched a Global Digital Infrastructure Group led by Alastair Swift to address data‑centre risks across the entire lifecycle. The new cross‑functional team combines expertise in construction, energy, technology, cyber, real estate, supply‑chain and finance. It...
New York enacted a sweeping workers’ compensation amendment in December 2024 that allowed any employee to claim compensation for “extraordinary work‑related stress,” but the law was repealed less than a year later due to vague definitions and fear of claim...
West of England P&I Club has appointed Alexis Wildman as Head of Products, succeeding Richard Turner who will retire later this year. Wildman will report to Chief Underwriting Officer Bart Mertens and oversee the club’s diversified product portfolio, including collaboration...
Gallagher Re has appointed Roshan Perera as Managing Director, Head of the Asia Pacific region, and Richard Jones as Chairman, APAC. Perera, with over 25 years of regional experience, previously led the firm’s APAC Strategic Solutions team, while Jones brings...
HDI Global announced Mark Mackay will assume the role of Global Head of Energy & Power on 1 March, succeeding long‑time leader Franz Adamczyk. Mackay, a chemical engineer with more than 15 years of international insurance experience, most recently led the company’s Energy...
To meet the stringent data‑privacy demands of enterprise insurance, the company abandoned the traditional multi‑tenant SaaS model and built a single‑tenant AI platform where each client receives an isolated database and compute environment. By eliminating middleware and moving business logic...
The UK’s £9.4B loss to deepfake-enabled fraud is not a headline, it’s a warning. AI-powered scams are scaling faster than legacy identity and compliance systems can adapt. If the US doesn’t harden digital onboarding, verification, and cross-sector fraud defenses now, the bill...
AXA XL Reinsurance posted an 8% year‑on‑year increase in gross written premiums, reaching €2.6 billion for FY 2025. The growth was driven by alternative capital and favorable casualty pricing, while other lines softened. Across AXA’s broader property‑and‑casualty segment, GWP rose 5% to...
Blue Marble, a micro‑insurance provider, executed the largest parametric payout ever recorded for smallholder farmers in Indonesia. All 2,719 enrolled farmers received claims totaling over IDR 2.4 billion after floods in Aceh triggered a pre‑defined scientific rainfall threshold. The automated, science‑based trigger...
Munich Re posted a €6.121 billion net result for 2025, surpassing its €6.0 billion target and marking the fifth consecutive year of outperformance. The reinsurance arm contributed €5.204 billion, buoyed by strong property‑and‑casualty and life‑and‑health segments, while group insurance revenue held steady at...
The United Kingdom announced it will back a full ban on maritime services – including insurance and shipping – for Russian crude and refined oil, moving beyond the existing $44.10‑per‑barrel price‑cap rule. Trade Minister Chris Bryant said the UK will...
U.S. product recalls surged to 3,295 incidents in 2025, the highest in a decade across five key industries. Consumer products led with 414 recalls, while FDA‑regulated food recalls hit 517, a nine‑year peak. Automotive and medical device recalls slipped modestly,...
San Diego’s city council approved a $6 million settlement with 17 insurers to resolve subrogation claims stemming from the January 2024 floods. The payment, drawn from the city’s self‑insurance program, concludes part of a broader litigation wave accusing the municipality of neglecting...
The U.S. 4th Circuit Court of Appeals ruled that under North Carolina law an excluded cause must be the sole cause of damage for an all‑risk policy exclusion to apply, reaffirming the 1973 Avis v. Hartford standard. The decision overturns...
A federal court in Massachusetts ruled that Blackboard Specialty Insurance Co. is not liable for a $1.9 million consent judgment against three strip‑club owners accused of using professional models' images without permission. The decision hinged on the fact that most photos...
Veteran ERM practitioner Karthick Dalawai explains that effective enterprise risk management hinges on how practitioners converse with business leaders, not merely on process compliance. He advocates a value‑based ERM model that emphasizes value creation, uses a balanced scorecard, and reframes...
MBIA Inc. reported a markedly narrower Q4 2018 GAAP loss of $7 million, driven by reduced loss‑adjustment expenses on its Puerto Rico exposure and lower LAE across structured‑finance assets. The company completed a restructuring of COFINA bonds, cutting insured debt service exposure...
National MI (NMI Holdings) reported a record 2025 year, posting $388.9 million net income (up 8%), diluted EPS of $4.92 (up 11%) and a 16.2% return on equity. Insurance in force reached $221.4 billion, a 5.4% year‑over‑year increase, while fourth‑quarter new insurance...
Hagerty Inc. reported Q3 2025 revenue of $380 million, an 18% year‑over‑year increase, propelled by 16% written‑premium growth and strong State Farm policy conversions. Operating profit jumped 240% to $34 million, lifting margins to 9% and net income to $46 million, a 143%...
Orlando airport this evening ✈️🍋 Direct flight back to Raleigh… lemonade in hand. The LIMRA Distribution & Marketing Conference was a very productive week — great networking, strong speakers, and valuable conversations about the future of distribution. #LIMRA26 Grateful for the momentum. Looking...
Vrbo has teamed with WeatherPromise to sell a weather‑guarantee add‑on that automatically refunds guests when rain exceeds predefined thresholds during their stay. The coverage price varies dynamically between 3 % and 8 % of the total trip cost, reflecting destination, dates and...
