Know What's Happening in Insurance
Know What's Happening in Insurance
U.S. doubles Hormuz maritime reinsurance guarantee to $40 billion
On April 3, the U.S. International Development Finance Corp. announced it is doubling its maritime reinsurance guarantee to $40 billion, adding AIG and Berkshire Hathaway to a consortium that already includes Chubb, Travelers, Liberty Mutual, Starr and CNA. The expanded program aims to restore confidence in shipping through the Strait of Hormuz, a critical chokepoint for global trade.
A new ACT survey shows that more than two‑thirds of independent agencies intend to increase AI use within the next 12 months, yet only 8% currently have AI embedded in daily workflows. Operational efficiency (60%) and staff productivity (52%) drive the push, while data‑privacy, compliance and inaccurate outputs remain top concerns. The report highlights a stark gap in governance, with just 13% of agencies possessing a formal AI policy. Executives warn that scaling AI responsibly will require clearer policies, training, and integrated technology strategies.
Zurich posted record P&C earnings, prompting surplus capital to chase specialty growth through acquisitions rather than organic expansion, while an extended Beazley takeover deadline adds pressure on the market. In the personal lines space, roughly one‑third of independent agencies still...
McLarens has appointed former Crisis24 executive Kevin Moran as executive general adjuster and U.S. team lead for malicious assailant, war, terrorism and political violence within its crisis management practice. The newly created role will oversee incident investigation and insurance reporting...
AM Best upgraded RLI Group’s financial strength ratings to A++ and its long‑term issuer credit ratings to aa+, reflecting superior balance‑sheet fundamentals and capital management. The insurer reported $1.9 billion policyholder surplus and $264.2 million underwriting income for 2025, marking the 30th consecutive...
CMS has released draft regulations that will reshape Medicare Advantage (MA) and Affordable Care Act (ACA) Marketplace operations beginning in the 2027 compliance year. The proposals tighten enrollment verification, mandate greater cost and benefit transparency, and introduce stricter documentation standards...
Origami Risk hosted an on‑demand webinar titled “Using RMIS as a Strategic Enabler,” highlighting how risk leaders can turn risk‑management information systems (RMIS) data into better business decisions. The session detailed the platform’s ability to aggregate insurance, safety, and claims...
Cayman Finance reports that the Cayman Islands’ reinsurance sector has surged, with licensed companies increasing from 58 to 113 and total assets exceeding $101 billion at the end of 2025. Premiums written grew from $9.3 bn in 2020 to $30.2 bn, driven largely...
The Florida Insurance Guaranty Association (FIGA) announced it will terminate the 1% emergency assessment on homeowners and commercial policies two years ahead of schedule, effective Oct. 1. The early end is attributed to a calm 2025 hurricane season, absence of insurer...
Canopius US Marine has teamed with Globex Underwriting Services to place local marine policies worldwide, extending admitted coverage to more than 200 countries and territories. The alliance taps Globex’s global network, digital infrastructure, and expertise in compliance, tax, claims handling,...
Volvo Cars announced a recall of 40,323 EX30 electric SUVs after discovering that the high‑voltage battery packs can overheat and pose a fire risk. The recall targets both single‑motor extended‑range and twin‑motor performance variants, requiring replacement of the faulty modules....
Zywave unveiled four AI agents in its Winter 2026 release, already deployed with more than 35 insurance firms. The agents automate prospect identification, lead scoring, research enrichment, and outreach, while new platform features add TurboRater single sign‑on and expanded Benefits CPQ...
Ehh. This one is a bit too far. About ~5-10% of the time, a permanent insurance policy can be a good fit, and NO, I do not sell them. For example, if you have a business that has a partner...
The Nevada Division of Insurance approved a 21.6% increase in workers‑compensation loss costs effective March 1, citing state‑specific pressures rather than a national trend. Elevated large losses, flattening claim frequency, rising claim severity, and a $36,000 payroll cap that skews premium...
WTW’s 2026 crisis‑management review shows a sharp rise in politically motivated threats in 2025, with U.S. incidents accounting for two‑thirds of the global surge. Despite active‑assailant attacks and high‑profile assassinations, the U.S. terrorism insurance market softened, delivering average premium cuts...
United Insurance Brokers Limited (UIB) has partnered with cyber‑risk analytics firm CyberCube to bolster its cyber insurance offering. UIB will deploy CyberCube’s Broking Manager and Prep Module, giving its global practice data‑driven exposure insights. The collaboration targets accelerated growth in...
London‑based airline parts firm director Jose Alejandro Zamora Yrala forged documents to sell tens of thousands of CFM56 engine components, injecting roughly 60,000 suspect parts into the global supply chain. The scheme, spanning January 2019 to December 2023, generated £6.9 million in revenue for...
POS Malaysia “Survival Before Recovery”. •Another Net loss RM209m FY25 •9 tahun berturut rugi. It’s a structural earnings problem, reflecting business model under sustained pressure. •Accum losses driven reserves to deeply negative ~RM1 bil •Net Asset per share only 11sen. Balance sheet now thinly...
74% of firms will deploy agentic AI by 2028. Only 21% have mature governance. A 53-point gap between ambition and readiness. That is a ticking time bomb for shareholder value. https://t.co/TsiQpfm0tL
Africa Specialty Risks (ASR) has named Laxmeekant Walikar as Principal Officer and Managing Director for India, tasking him with launching the firm’s operations through the GIFT City hub in Gujarat. His mandate includes establishing a Lloyd’s service company for Syndicate 2454, building...
Gartner’s Q4 2025 Emerging Risk Report, based on a survey of 367 senior risk executives, identified a low‑growth economic environment as the top emerging risk for the second quarter in a row. Respondents linked the concern to financial instability, persistent trade...
The European Central Bank has launched a focused inquiry into banks’ exposure to the artificial‑intelligence sector, requesting detailed loan information on data‑center financing and related AI firms. Parallel workshops are probing how banks deploy generative AI, covering governance, business models...
Stonybrook Capital and Stonybrook Risk Management have launched a new Excess Hired and Non‑Owned Auto (HNOA) insurance program, with PT Edwards serving as the managing general agent. The structure is backed by reinsurance capacity from Florida Insurance and Reinsurance Co,...
New @nberpubs: "A Theory of Subsidy Harvesting in Livestock Price Insurance" https://t.co/a2BTA7aoME "The subsidy harvest is a pure rent and costlier than a direct payment because it requires administrative oversight and federally-subsidized delivery" https://t.co/gmAA7SjVyG
The National Association of Insurance Commissioners (NAIC) unveiled its 2026 strategic priorities, emphasizing stronger capital and investment frameworks, advanced data architecture, heightened disaster resilience, and robust AI model governance. Regulators will pursue a harmonized investment regime, expand analytics capabilities, and...
The U.S. Centers for Medicare & Medicaid Services (CMS) has renewed the Accreditation Commission for Health Care’s (ACH C) deemed status as an accreditor for both hospice providers and critical‑access hospitals. The six‑year renewal, effective through 2031, confirms that ACHC’s standards...
Global Parametrics’ new whitepaper argues that catastrophe bonds and parametric insurance can help bridge the widening humanitarian financing gap, which stands at roughly 36% of the projected $50 billion need in 2024. The report highlights that multi‑year cat bonds can unlock...
Which is insurers major challenge ? → https://t.co/YWi9QjcUaF It's not a matter of innovation per se but how tech could benefit incumbents. https://t.co/bJYiaUkE4h
Lumen Re, the reinsurance arm of LGT ILS Partners, completed its debut Photon Re Series 2026‑1 catastrophe bond, locking in $175 million of fully‑collateralized retrocession protection against North American peak perils. The issuance was priced below the original guidance, with the...
Prediction markets have evolved from niche mood indicators to liquid platforms handling billions in weekly turnover. Asset managers are increasingly viewing them as direct hedges for event risk that traditional derivatives cannot cover. Regulatory clarity, exemplified by CFTC approval of...
In this episode, John Weber interviews Terrence Dopp about recent signs that the MGA market is softening after a period of rapid growth. Dopp notes a shift toward more selective underwriting and tighter capital management, with MGAs becoming more closely...
The article outlines ten practical do’s and don’ts for crafting a smart Own Risk and Solvency Assessment (ORSA) report. It highlights that many insurance CEOs, CFOs, and CROs view ORSA as a burdensome compliance exercise rather than a strategic tool....
UK banks are confronting mounting flood‑risk exposure as climate change pushes millions of homes into high‑risk zones. Nationwide led the way by halting loans to flood‑prone properties, prompting peers such as Barclays, NatWest, Lloyds and HSBC to map flood exposure...
ATM in Mexico offers a 3-hour insurance policy in case you get robbed after withdrawing money https://t.co/KsC1PfnNqW
Genworth Financial reported a modest Q4 2024 net loss of $1 million but delivered $15 million adjusted operating income, driven largely by Enact’s record $585 million contribution. Full‑year 2024 net income rose to $299 million, bolstered by $378 million pre‑tax statutory earnings and a $355 million...
United Fire Group reported record 2025 results, delivering $67 million underwriting profit and $1.3 billion net written premium, a 9% increase year‑over‑year. The combined ratio fell to 94.8%, and return on equity climbed to 13.7%, the highest in two decades. A 25%...
Erie Indemnity reported a stronger Q3 2025 with the combined ratio improving to 100.6% from 113.7% a year earlier, and net income rising 14% to $183 million. Direct written premiums grew double‑digit year‑to‑date, while policyholder surplus topped $9.6 billion, supporting capital resilience....
Oscar Health reported a 28% revenue jump to $11.7 billion for 2025, driven by strong membership growth that lifted year‑end enrollment to 2 million and a total of 3.4 million members by February 2026. The company posted a $443 million net loss, largely from...
Palomar closed 2025 with a record $2 billion in gross written premium, up 32% year‑over‑year, and delivered adjusted net income of $216.1 million, a 62% increase that exceeded guidance. The company posted a 25.9% adjusted return on equity and a combined ratio...
Colorado is at the forefront of reducing the impact of wildfires and floods and protecting Colorado communities. By assembling our team of forestry experts and state and local officials, we are taking action to address the impact of mountain pine...
⚠️WHAT IS HAPPENING IN JAPAN? The 4 largest Japanese life insurers, Nippon Life, Dai-ichi Life, Sumitomo Life, and Meiji Yasuda, had a combined ¥13.2 trillion ($86 billion) in unrealized losses on government bonds at the end of 2025. Losses have risen over...
Ransomware attacks jumped 32% in 2025, targeting manufacturing, health care, education and supply chains, while third‑party breaches accounted for roughly 30% of incidents. The surge has driven a rapid expansion of cyber insurance as companies seek protection against AI‑fuelled threats...
The minimum insurance policy for a trucker has not changed since in over 40 years and is $750k. If you end up in a serious accident with long-term physical ailments this amount will unlikely cover your or the truck driver's...
I wonder how many end users of certain products/services built on Stripe and Airwallex realize funds are held at Evolve. It's almost like no one learned anything from SVB failing because the gov't bailed out uninsured depositors. https://t.co/024w8yneu7
Pet ownership in the U.S. now exceeds 94 million households, yet only one in ten rentals permits animals without restrictions. Dog‑related liability claims have surged, with the average bite claim nearing $69,000 and a 48% rise over the past decade. Property...
𝙐𝙣𝙥𝙧𝙤𝙛𝙞𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙞𝙨 𝙣𝙤𝙩 𝙩𝙝𝙚 𝙞𝙣𝙚𝙫𝙞𝙩𝙖𝙗𝙡𝙚 𝙙𝙚𝙨𝙩𝙞𝙣𝙮 𝙤𝙛 𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙞𝙖𝙡 𝙖𝙪𝙩𝙤 𝙞𝙣𝙨𝙪𝙧𝙖𝙣𝙘𝙚 https://t.co/Y7xojmBUAW @jeffroth77 @GalenDShaffer @JimMarous @FGraillot @nigelwalsh @SpirosMargaris @jblefevre60 @robgalb @RonnoArnold @hedgequote @Nick_Lamparelli @antgrasso @hugues_bertin @globaliqx @psb_dc @an_battista @InsuranceEleph1
Reminder: AI can't exist without insurance. Without insurance, @nvidia couldn't manufacture anything, delivery trucks wouldn't move, GPUs couldn't ship to companies like @xai to power @grok, no @GeminiApp datacenter would open, no @AnthropicAI employee would want to work there, and @OpenAI...
New Jersey lawmakers introduced a bill requiring the Department of Health to create uniform admission contracts for nursing homes and assisted‑living facilities and to restrict Medicaid "assistors" from providing legal or financial guidance. The legislation also mandates clear notification of...
Zero human companies aren't science fiction In 2025 • Automated market makers • AI trading desks • Algorithmic underwriting • Smart contract DAOs In 2026 • Lobsters everywhere
Economic damages refer to quantifiable losses such as medical expenses, lost wages, and property damage. These damages are typically easier to calculate and prove in legal cases. https://t.co/MaUjKRwfki
The episode examines how recent large‑scale cloud outages are forcing insurers and risk managers to rethink cyber policy language around third‑party vendor failures. Experts discuss coverage gaps, underwriting hurdles, and new claims handling approaches to avoid disputes and ensure clients...
