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.
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 growth while personal lines declined sharply. Investment income rose 17% to $52.6 million, offset by a drop in net investment gains. The fourth quarter showed a 28% dip in net income, but the company reaffirmed its 2026 strategy of modest premium growth through independent agents and continued profitability focus.
The Georgia Supreme Court disbarred workers’ compensation attorney Bryan Matthew Pritchett after an investigation revealed he forged client signatures and diverted nearly $160,000 in settlement funds. Pritchett, suspended in 2024, must repay over $104,000 to one client and additional amounts...
Markel announced a partnership with cyber‑security firm Upfort to extend AI‑driven protection tools to eligible U.S. cyber‑insurance policyholders. The collaboration introduces the Upfort Shield platform and an endpoint detection and response (EDR) solution with behavioural analytics. Markel says the offering...
Lemonade reported a Q4 2025 net loss of $21.7 million, an improvement from the $30 million loss a year earlier. Revenue surged 53% and gross profit rose 73% year‑over‑year, while operating expenses climbed 13% to $141.2 million as the company invested in customer acquisition....
SageSure has risen to third place on the Artemis catastrophe‑bond sponsor leaderboard after closing its largest Gateway Re issuance, a $670 million multi‑peril cat bond. The transaction brings the MGU’s outstanding risk capital to just over $3.1 billion across 12 issuances. The...
Neptune Insurance Holdings reported Q4 2025 revenue of $43.8 million, a 39% jump from the prior year, driven by a 41% rise in written premium to $100.3 million. Net income fell 63% to $4.3 million, largely because of $4.6 million in IPO‑related costs, while adjusted...
A Guidewire survey of over 250 London Market brokers reveals that 78% now weigh an insurer’s digital efficiency heavily when placing risk. Brokers cite outdated technology as the top barrier to modernization, with 24% highlighting legacy cores. AI-driven automation, especially...
The Government of Jammu and Kashmir has appointed Agriculture Insurance Company of India and Tata AIG General Insurance as the lowest‑bid insurers for the Restructured Weather‑Based Crop Insurance Scheme. The scheme will protect apple and saffron growers in Kashmir and mango,...
Augment Risk has expanded its Latin American platform to offer specialist weather‑parametric and structured weather risk transfer solutions. The Miami‑based team will design bespoke products for energy producers, utilities and large industrial firms, leveraging proprietary analytics, data‑driven triggers and clear...
Global InsurTech funding jumped 19.5% in 2025, reaching $5.08 billion—the first annual rise since 2021. The fourth quarter alone surged 66.8% to $1.68 billion, the largest quarterly total since Q3 2022. Reinsurers and insurers led the investment wave with a record 162 deals,...
Storm Nils devastated southwestern France with heavy rain, strong winds, and flooding, causing two deaths and dozens of injuries. Morningstar DBRS estimates insured wind damage between €800 million and €1.2 billion, and total insured losses—including flood, vehicle and business interruption claims—could exceed...
The Government Accountability Office examined how the No Surprises Act affected provider participation and payment levels for emergency medicine, radiology, anesthesiology and air‑ambulance services from 2019 through 2023. After the act’s protections took effect on January 1 2022, the share of in‑network...
In this episode of the "No Market" series, host Stacey Richter talks with Dr. Jacob Asher, a former chief medical officer for major health plans, about why commercial carrier marketplaces—especially in California—are stagnant and lack true competition. They identify six...
SEC Chair Paul Atkins used a Texas A&M law symposium to unveil a second wave of securities‑litigation and disclosure reforms. He urged Texas to consider "loser‑pays" fee‑shifting bylaws and to permit mandatory arbitration provisions for corporations incorporated under state law....
Businesses of all sizes are embracing peer‑to‑peer payment apps such as Venmo, Zelle and Cash App to streamline vendor payments and employee reimbursements. The convenience has sparked a surge in fraud, with New York regulators reporting more than $390 million in losses...
Nevada launched its Battle Born public option health plans last fall, aiming to lower premiums and expand coverage. Early enrollment reached just over 10,000 members, far short of the 35,000 target set by state officials. The program must cut premiums...
Florida’s insurance market is stabilizing, but high‑net‑worth investors face a new danger from premium‑financed life insurance. The strategy, once attractive because cheap borrowing let the ultra‑wealthy keep assets liquid, now collides with sharply higher interest rates. Federal Reserve hikes pushed...
The episode reviews the Biden administration’s recent executive order aimed at fostering a more stable cannabis insurance market, highlighting how the policy could encourage insurers to offer coverage to cannabis businesses. It explains the current challenges—such as regulatory uncertainty and...
The Catholic Diocese of Camden agreed to contribute an additional $180 million to its abuse‑claims trust, supplementing the $87.5 million settlement approved in 2024. The boost follows a mediation that resolved insurers' objections to the original plan, which had been stalled on...
Private equity firms EQT AB and Vitruvian Partners have engaged Evercore and Goldman Sachs to explore a sale or initial public offering of cyber insurer CFC, targeting a valuation around £5 billion. The advisers are assessing both London and New York as...
Employers Holdings reported Q4 2025 gross premiums of $156.8 million, an 11% decline driven by weaker new business, while losses and LAE jumped 18.7% to $134.4 million. Net investment income rose 17.6% to $31.4 million after a strategic portfolio rebalance that cut equity...
Lemonade reported record Q4 2025 results, with in‑force premium hitting $1.24 billion, a 31% year‑over‑year rise, and revenue surging 53% to $228 million. Gross profit jumped 73% to $111 million, while adjusted EBITDA loss narrowed to $5 million, putting the insurer on the brink of...
American International Group (AIG) posted a strong Q4 2025, delivering adjusted EPS of $1.96, a 51% year‑over‑year increase, and underwriting income of $670 million, up 48%. The company’s expense ratio fell to 31.1%, and the accident‑year combined ratio improved to 88.9%,...
First American Financial reported a 47% jump in adjusted EPS to $1.99 and a 14% rise in title‑segment revenue, driven by a 35% surge in commercial revenue and higher average revenue per order. The company launched its AI‑powered Endpoint escrow...
Donegal Group reported a record $3.7 billion after‑tax operating income for 2025, driven by a 26% jump to $1.1 billion in Q4. The consolidated combined ratio improved to 80.6%, underscoring strong underwriting profitability across insurance, reinsurance and mortgage segments. Share repurchases totaled...
The episode examines the February 2026 selloff in U.S. insurance broker stocks, triggered by the launch of AI quoting tools from Insurify and Tuio on ChatGPT. While the market panicked, assuming AI would disintermediate all broker services, the discussion highlights...
AM Best upgraded the outlook for State Street’s captive insurer, Federated Underwriting Company, from stable to positive. The agency also reaffirmed the captive’s financial strength rating at A‑ (excellent) and its long‑term issuer credit rating at a‑ (excellent). Federated Underwriting...
The Japanese Institute of Certified Public Accountants (JICPA) has proposed treating life insurers' government‑bond holdings as held‑to‑maturity, removing the need for impairment accounting when certain criteria are met. Under current rules insurers must record a loss if market value falls...
The Stop Underrides Act 2.0, reintroduced by Senators Gillibrand and Luján and supported by a bipartisan group of lawmakers, aims to mandate side underride guards on all new commercial trucks. The bill expands federal safety requirements, restarts the DOT advisory committee,...
Travelers Companies has launched an AI Claim Assistant, an agentic voice service built on OpenAI’s models, to field auto‑damage claim calls. The system guides callers from initial consultation through claim submission, provides policy details, and enables photo uploads, appraisals, rental...
Employers are increasingly adding critical‑illness insurance to their benefits portfolios to offset gaps left by high‑deductible health plans. A recent Equitable survey shows 31% of American workers filed a critical‑illness claim in the past year, yet only 49% feel confident...
Love to see it. A publicly listed company staking NXM to earn yield by backing onchain risks.
$1.3 trillion in credit card debt. An all-time high. One unicorn CEO says his fintech wouldn’t even exist if traditional banks had served customers better. When legacy systems fail to manage risk, transparency and affordability, disruption isn’t optional. It’s inevitable. https://t.co/b072MMXcSy @fortunemagazine...
Texas‑based INTX Insurance Software has been chosen by Xitus to serve as its core insurance operating system for global run‑off, loss‑portfolio transfer (LPT), insurance‑backed transaction (IBT) and captive reinsurance activities across its Bermuda, UK and Europe subsidiaries. The selection covers...
Latin America’s small businesses don’t lack ambition. They lack liquidity. FinTechs are stepping in to close persistent cash flow gaps with smarter underwriting, real-time data and embedded finance solutions. The real opportunity isn’t just lending. It’s becoming the financial operating system for...
On February 18, the UK enacted a €60 million liability cap for launch operators under the Space Industry (Indemnities) Act 2025, replacing the previous unlimited exposure. The cap, which must be included in launch licences, is intended to make the nascent UK...
Lesli Rice, a veteran risk manager who rose from a Brooklyn library job to senior roles at Allstate, Turner Construction, and Lincoln Avenue Communities, highlights the risk management field’s strong mentorship culture. She points to the industry’s narrowing coverage, rising...
Arthur J. Gallagher & Co. has completed the integration of Woodruff Sawyer, fully bringing the specialist broker under the Gallagher brand after a $1.2 billion acquisition. The move adds Woodruff Sawyer’s $268 million pro‑forma revenue and $88 million EBITDAC, along with its 14...
A bipartisan wave of state legislation is targeting the use of artificial intelligence in health‑insurance decisions, with at least nine states passing or proposing limits on AI‑driven claim denials and prior authorizations. President Trump’s December executive order seeks to preempt...
Matic and nCino have teamed up to embed a home‑insurance marketplace directly into nCino’s digital mortgage platform. The integration lets borrowers compare and purchase policies from more than 70 carriers without leaving the loan application flow. Lenders gain earlier access...
#CRE results read OK although clearly the environment is tougher. ShareScope showing fwd p/e 10.9 falling to 6.5 and fwd Divvy 6.6% each of next 2 years. Reinsurance is high risk but it's an interesting business. I don't hold.
OSHA’s federal safety‑inspection workforce dropped sharply, falling from 812 officers at the end of fiscal 2024 to 629 by September 2025. The agency projects a rebound to roughly 1,720 inspectors in 2026, a figure that includes staff from state‑plan programs....
The episode provides a brief news recap announcing that Massachusetts regulators have approved Liberty Mutual's affiliate reorganization, a move that will streamline the company's structure and potentially enhance capital efficiency. It outlines the regulatory rationale, noting the state's focus on...
Branch, a Columbus‑based insurer, has expanded its partnership with AI pricing firm Akur8 by adopting the company’s Discover tool. Discover converts unstructured U.S. regulatory documents into searchable data, giving Branch real‑time insight into pricing trends and compliance requirements. The new...
Corebridge Financial reported a strong fourth‑quarter 2025, posting adjusted pretax operating income of $760 million and operating EPS of $1.22, a 15% year‑over‑year increase. Total sales reached a record $42 billion, up 4%, while the company returned $2.6 billion to shareholders, lifting the...
Verisk Analytics reported Q4 2025 GAAP revenue of $779 million, up 5.9%, while GAAP net income fell 6.2% to $197 million due to early debt‑extinguishment costs and the absence of prior‑year investment gains. Subscription revenue, which now represents 84% of total sales,...
Jackson Financial Inc. reported a strong fourth‑quarter 2025, posting adjusted operating earnings of $455 million and a 12% year‑over‑year earnings increase. Retail annuity sales hit a record $20 billion, while full‑year free capital generation rose to nearly $1.4 billion, supporting a $862 million capital...
Physicians, medical educators and health system leaders testified before the Senate Special Committee on Aging that escalating CMS regulations—particularly prior authorizations and Medicare quality reporting—are intensifying burnout and prompting many to leave clinical practice. The testimony highlighted that these administrative...
Konkrd, a digital broker founded by former iSelect executives, completed Australia’s first fully autonomous health‑insurance sale using its agentic AI platform. The end‑to‑end process guided a real customer through a needs analysis, policy recommendation, and final purchase without manual intervention,...
The article highlights hidden insurance risk from undertrained nursing assistants and home caregivers, linking credential gaps to higher workers' compensation, liability, and long‑term care costs. It argues insurers should treat frontline training as loss‑mitigation, incentivizing certifications and first‑aid programs. By...
