Know What's Happening in Insurance
Know What's Happening in Insurance
Delaware Supreme Court revives insurers' breach‑of‑contract claims in Blackbaud cyber breach
The state's highest court reversed lower‑court dismissals, permitting insurers that covered Blackbaud's 2020 ransomware incident to pursue breach‑of‑contract claims against the nonprofit software provider. Blackbaud previously paid a $3 million SEC fine and $49 million to state attorneys general for misleading breach disclosures.
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 and a projected $10.5 trillion cybercrime cost. Insurers now recognize that effective policies require deep cyber expertise, not just traditional underwriting skills. To fill the talent gap, firms are recruiting security engineers, launching apprenticeships, internships and continuous training programs.
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...
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...
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...
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
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...
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...
High‑net‑worth families are shifting from premium‑driven insurance to predictability as capacity tightens. A HUB 2026 Outlook survey shows willingness to assume risk fell from 39% to 25% since 2024. Advisors must expand beyond placement, defining risk appetite and managing cyber,...
Ok, so somehow banks are going to retain a single customer's $10 million in noninterest bearing deposits? Like not pay someone any interest & they'll stay with the bank because they have FDIC insurance? This is such archaic thinking &...
The Canadian Bitcoin Consortium (CBC) has launched Blockchain Insurance Inc., the first association‑based captive insurer dedicated to digital‑asset businesses. Licensed in Alberta in December 2025, the carrier offers member companies up to 25% discounts on premiums, cutting costs that can...
The California 4th District Court of Appeal ruled that workers‑comp benefits are the exclusive remedy for San Diego city employees who alleged asbestos exposure, rejecting the fraudulent concealment exception. The workers claimed the city knowingly exposed them and hid the risk,...
The U.S. Supreme Court issued a 6‑3 decision rejecting President Donald Trump’s authority to impose sweeping tariffs, a move hailed by rating agency AM Best as a relief for the insurance sector. The court’s ruling eliminates the tariff‑related uncertainty that has...
Liberty Mutual announced that Matthew Moore will become president of its Global Risk Solutions division, effective March 6, 2026. Moore, who has served as president of underwriting for GRS and held senior roles across the company’s specialty and reinsurance businesses...
Munich Re Specialty – North America appointed Robin Udhwan as Head of Canada Programs. In this role, Udhwan will oversee underwriting and management of the MGA portfolio, reporting to Claudia Carnevale and Derek Stewart. He brings extensive underwriting and operational...
Generali’s Global Corporate & Commercial (GC&C) unit has appointed Mario Glanz as Head of Casualty, tasking him with expanding the business worldwide under the insurer’s Next Level Plan. Glanz brings more than 20 years of casualty underwriting experience, most recently...
Mercury Insurance warns that drivers aged 16‑19 are three times more likely to be involved in a fatal crash per mile than drivers 20 and older. National Highway Traffic Safety Administration data and CDC figures show over 2,800 teen deaths...
Ategrity Specialty Insurance posted a record Q4 2025, with underwriting income jumping 160.3% to $15.5 million and the combined ratio improving to 84.9% from 92.3%. Gross written premiums rose 30.2% to $154 million, driven by strong property and casualty growth. Net income...
Gallagher announced two senior appointments within its UK‑based Romero Group. Jonathan Webb, a 40‑year insurance veteran from Marsh, joins as Regional Managing Director, overseeing 200 staff across Leeds, Nottingham, Halifax and Harrogate, succeeding Simon Mabbb who remains an integration advisor....
Asset‑intensive reinsurance (AIR) is gaining traction worldwide, still centred in the United States but expanding rapidly across Asia‑Pacific, the United Kingdom and Europe. The growth is fueled by insurers shifting to private ownership, the rise of hybrid asset‑manager/reinsurer partnerships, and...
India extended permission for four Russian marine insurers for one month, allowing them to continue covering tankers calling at Indian ports. The extension comes as India remains the top buyer of Russian seaborne crude in 2025, while facing U.S. pressure...
The Centers for Medicare & Medicaid Services released draft ACA rules for 2027 that could make individual major‑medical coverage cheaper and more attractive. Key changes include broader availability of catastrophic plans, higher annual out‑of‑pocket caps, and the option for monthly...
American Coastal Insurance Corp. posted a Q4 2025 net income of $26.6 million, a 437% jump from the same quarter a year earlier. The surge stemmed from dramatically lower losses and loss‑adjustment expenses after a hurricane‑free period, eliminating a $0.9 million loss from...
P&I clubs have recorded a ten‑year peak in marine liability claims, resulting in a $98 million underwriting loss over the past three years. The surge is driven primarily by lithium‑ion battery fires on vessels carrying electric vehicles and other battery‑powered cargo,...
Healthee announced the upcoming launch of an AI‑powered Claims Analytics solution that turns static claims reporting into continuous, conversational intelligence. The platform, accessed via Zoe, its agentic AI assistant, lets HR and benefits managers ask plain‑language questions to uncover cost...
Identity cyber scores are emerging as the primary metric insurers use to underwrite cyber‑insurance policies in 2026. Insurers now scrutinize password hygiene, privileged‑access management and MFA coverage, linking weak identity controls to higher breach likelihood and premium costs. The global...
The episode provides an overview of the current Medicare Advantage (MA) landscape, highlighting regulatory changes, enrollment trends, and financial pressures facing insurers. It examines challenges such as rising cost of care, tighter network requirements, and the impact of the Medicare...
In this episode, host Josh Hollander talks with Gemma Ros, CTO of The Zebra, about the findings of the 2026 State of Auto Insurance Report. They examine why auto premiums are diverging across states due to regulatory, loss‑cost, and competitive...
A federal appeals court ruled that a State Farm adjuster’s statement could not create coverage for a sewage‑backup loss that the homeowners’ policy expressly excluded. The Coopers’ Mississippi home suffered a backup in 2022, and although an initial adjuster said...
The article discusses the growing focus on building fortification as a way to reduce future insurance claims in disaster‑prone U.S. regions. It cites 2025’s 23 billion‑dollar weather events and the Southern California wildfires of January 2025 as catalysts for resilient...
A LendingTree study released in February 2026 found drivers of BMW, Ram and Tesla vehicles rank among the nation’s worst, with BMW posting the highest incident rate at 44.9 per 1,000 drivers. Ram and Tesla follow closely with 44.7 and...
Employers Holdings Inc. has introduced an Excess Workers’ Compensation insurance product aimed at large self‑insured employers, groups, pools and joint powers authorities across the United States. The offering combines specific and aggregate excess coverage with predictive claims analytics, real‑time reporting,...
A JAMA study released Feb 18 reveals that 10 % of Medicare Advantage (MA) beneficiaries—about 2.9 million people—must secure alternative coverage for 2026 as plans exit the market, up from 6.9 % in 2025. The displaced enrollees are disproportionately in preferred‑provider‑organization, non‑special‑needs, small‑carrier, and...
Amwins, a leading specialty insurance broker, announced the launch of a dedicated hospitality practice aimed at supporting retail brokers that serve hotels, resorts, and related venues. The new unit brings a team of underwriters with deep sector expertise and access...
Delaware Superior Court limited the scope of a pollution exclusion in liability policies covering Syngenta’s herbicide paraquat, ruling it does not apply to injuries from normal product use. Travelers must defend six test cases filed between 1974 and 1977, where...
Artificial intelligence and the rise of autonomous vehicles are expected to cap the personal auto‑insurance market at roughly $560 billion by 2040, after which it could shrink about 4 % per year. Self‑driving cars are projected to cut accident rates by 75‑90 %,...
Los Angeles Superior Court Judge Samantha Jessner ruled that the Los Angeles Department of Water and Power can be sued for failing to supply sufficient water during the 2025 Pacific Palisades wildfire. The decision rests on a California law that...
University of Pennsylvania researchers found that usage‑based insurance programs with real‑time feedback and up to $100 cash incentives significantly improve driving behavior. Speeding dropped up to 13 percent, while hard braking and rapid acceleration fell as much as 25 percent....
GRC is evolving from static third‑party risk management to a homeostatic, ecosystem‑wide approach that treats suppliers, cloud providers and partners as living nodes within an extended enterprise. GRC 7.0 – GRC Orchestrate introduces a digital twin that maps interdependent relationships, objectives and...
In this episode, Caroline Wagstaff, CEO of the London Market Group, warns that the London insurance market’s record £187 bn premium write‑off in 2024 and its £61 bn contribution to UK GDP should not breed complacency. She stresses the need for continuous...
Insurance carriers are moving from isolated AI pilots to enterprise‑wide agentic AI, but they lack a coordination layer that embeds agents into core workflows. Agentic orchestration merges deterministic process control with dynamic AI behavior, enabling safe, regulated automation across claims,...
The CMS Transforming Episode Accountability Model (TEAM) now holds hospitals financially accountable for costly surgical episodes, prompting a shift toward true specialist collaboration. Hospitals must craft Collaboration Agreements that align incentives, share data, and avoid punitive scoring to keep surgeons...
Westfield Specialty posted $1.93 billion in gross written premium for 2025, delivering $87.2 million of underwriting income and a 93.1% combined ratio. The U.S. segment generated 55% of the premium base, while London‑based international operations contributed the remaining 45%. Business‑line breakdown shows...
Pinion Insurance, a newly formed specialty carrier backed by up to $180 million of preferred equity from Barings, announced the appointment of Kyle Selvig as its U.S. Chief Underwriting Officer. Selvig, who brings 25 years of P&C experience and previously managed roughly...
Marsh Risk has introduced Nimbus Casualty, an excess general liability facility targeting U.S. digital infrastructure construction projects. The new program offers up to $75 million of coverage with a $25 million attachment point and is underwritten by a consortium of Lloyd’s and...
Mitchell International’s "Plugged‑In: EV Collision Insights" report shows U.S. electric‑vehicle collision claims rose 14% and Canadian claims 24% despite a 2% dip in BEV sales. Repairable claim shares grew 6% for PHEVs and 20% for MHEVs in the U.S., with...
When a startup secures venture capital, its liability profile shifts dramatically as cash, fiduciary duties, and litigation exposure rise overnight. Without directors and officers (D&O) coverage, founders and executives can face personal financial loss from employment, equity, or disclosure disputes....
The directors and officers (D&O) liability market is moving toward stability after several years of aggressive price competition. AM Best upgraded its outlook to stable as renewal rates flatten and premium cuts become modest through 2026. Insurers are shifting focus from...
The episode examines Cigna’s settlement with the FTC over its Express Scripts PBM, which was accused of inflating insulin prices through opaque rebate deals. Key provisions require Cigna to prioritize lower‑cost drug versions, base patient copays on net prices, increase...
Donegal Group reported a 56% jump in net income to $79.3 million for 2025, driven by a stronger combined ratio of 95.4% versus 98.6% the prior year. Net premiums earned fell slightly to $921.2 million, with commercial lines posting modest...
