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.
A recent poll shows one in five Australians regret postponing private health insurance, citing cost‑saving shortcuts that could trigger a surge in future enrollment. The finding comes as households grapple with higher fuel, food and housing expenses, prompting insurers to reassess underwriting risk.
Berkshire Hathaway’s newly disclosed 5.04 million‑share position in UnitedHealth Group, valued at $1.57 billion in August 2025, has been hit by a 17% slide in the insurer’s stock, creating an unrealized loss of roughly $267 million. The loss highlights the pressure on UnitedHealth’s...
Artificial intelligence is reshaping risk management by delivering predictive analytics, real‑time monitoring, and automated mitigation. AI algorithms now parse historical and live data to flag emerging threats, while automated response systems reduce reaction times and human error. The technology also...
UK bulk annuity market recorded its busiest year by deal count in 2025, with 367 transactions surpassing the 293 deals in 2024. Although the number of deals rose, total written premium fell to £38.2 billion (≈$47.8 billion), down from £49.1 billion the year...
MISSION Underwriters has launched a new Latin America platform, operating from Miami, to develop specialised facultative reinsurance programmes. Alejandro Pedroza was appointed President, Latin America, bringing two decades of regional reinsurance experience. The platform will initially focus on property, financial...
The Centers for Medicare & Medicaid Services (CMS) will launch the Advancing Chronic Care with Effective, Scalable Solutions (ACCESS) model on July 5, 2026, a ten‑year voluntary payment experiment for fee‑for‑service Medicare beneficiaries with hypertension, diabetes, chronic musculoskeletal pain or depression. The...
The National Partnership for Healthcare & Hospice Innovation (NPHI) has urged the Centers for Medicare & Medicaid Services (CMS) to impose a temporary, nationwide moratorium on new hospice provider enrollments, citing a rise in fraudulent operators. The organization’s letter also...
Discovery Life, the JSE‑listed insurer, has embedded in‑house artificial intelligence and machine learning into its claims operation, enabling rapid identification of the less than 0.5 % of claims that appear fraudulent. In 2025 the company paid roughly $605 million in claims, of...
Widely discussed risks are often priced in. The real threats tend to be overlooked. #RiskManagement #MarketInsight https://t.co/PWgmCJwWDp
State governments have signed contracts worth at least $45.6 million with consulting firms Deloitte, Accenture and Optum to re‑engineer eligibility systems under the One Big Beautiful Bill Act. The changes are expected to push 7.5 million people off Medicaid by 2034 and...
Zenkyoren, Japan’s agricultural mutual insurer, is pursuing mid‑guidance pricing of 2.1% for its $100 million Nakama Re 2026‑1 catastrophe bond, a slight reduction from the original 1.9‑2.4% spread range. The bond provides fully‑collateralized earthquake reinsurance covering losses from an attachment point...
The article outlines five essential post‑flood environmental risk assessments—mold and fungal testing, indoor air quality analysis, Legionella and other waterborne pathogen testing, fecal contamination tracking, and asbestos/lead surveys. It explains how targeted testing documents damage, safeguards occupants, and satisfies insurance...
Getting a self‑build or renovation underway brings excitement, but the early phase is the most vulnerable to risk. Open sites, unfinished structures, and multiple trades increase chances of accidental damage, theft, weather‑related loss, and liability claims. Standard home insurance typically...
Artemis released its weekly "Best of Artemis" roundup for the week ending March 29 2026, highlighting the ten most‑read articles on catastrophe bonds, insurance‑linked securities (ILS) and reinsurance capital. The pieces spotlight a proposed secondary reinsurance market to improve capital efficiency, the...
The U.S. 6th Circuit Court of Appeals upheld a property insurer's right to apply depreciation to actual cash value (ACV) payments, confirming that clear policy language governs such deductions. The ruling dismissed a proposed class‑action by Florida‑based Schoening Properties, which...
A new Highway Loss Data Institute study shows driver‑assistance technologies are cutting insurance claims on Mazda models from 2015‑2023. The simplest bundle—front automatic emergency braking—reduced property‑damage liability claims by 13% and bodily‑injury liability claims by 9%. More comprehensive bundles that...
"Insurance companies won't write Hormuz policies" is complicated by the fact that a lot of underwriting for the ship is actually written by mutual associations (P&I Clubs) As companies they are "buying insurance" but as an industry the shipping sector is...
U.S. and Iranian hostilities have slashed daily tanker transits through the Strait of Hormuz by up to 95%, pushing Brent crude above $113 per barrel and inflating marine insurance to double‑digit percentages. The disruption fuels market anxiety while regional diplomats...
The point is that we spend taxpayer money to guarantee or fund loans that don’t matter a fraction as much as paying for your health. Most people can’t afford their deductible. We should guarantee the amounts patients can’t afford...
Cambridge Mobile Telematics (CMT) has upgraded its AI‑driven StreetVision platform to deliver intersection‑level risk analytics across the United States. The new StreetVision Intersections module combines federal and state crash records with telematics data—speeding, hard braking, phone distraction and aggressive cornering—into...
The International Union of Marine Insurers (IUMI) reports that the global marine insurance market remains resilient despite heightened geopolitical tensions in the Middle East. Cargo, hull, liability and offshore energy coverage continue to be widely available, though insurers are adjusting...
The mother of an angiosarcoma patient reached out this weekend to see if I could help her daughter get a second opinion at Dana-Farber after it was rejected by her insurer. I'll do what I can. Dana-Farber has made a...
Tesla's FSD autopilot: 5.3 million miles between accidents. US human driving average: 660,000 miles between accidents. The robot drivers are 9x safer than humans. And it's only getting better. How long before it will be too expensive to insure human drivers because they are...
Doula services, once a niche luxury for affluent families, are now being offered through employer benefits and Medicaid programs, raising the proportion of births with doula support from about 2% a decade ago to roughly 10% today. The shift promises...
Insurers and reinsurers are 30x+ leveraged. If your conclusion is "leverage is nothing like with subprime" then you are missing the point. Completely.
Insurers withdrew Medicare Advantage plans from thousands of counties, forcing nearly 3 million seniors to leave the private program and seek alternatives. The churn, the highest on record, hits rural states hardest and raises questions about the sustainability of the privatized...
Jio Financial Services (JFS) announced it aims to launch both life and general insurance operations in 2026, contingent on regulatory clearance. The rollout will be executed through a joint venture with global insurer Allianz, building on JFS’s recent entry into...
Why BESS insurers are sweating transformers and contractor errors over battery fires #energysky -- via pv magazine global: https://t.co/qk5y3I0eVO
The U.S.-Iran war has driven daily tanker transits through the Strait of Hormuz down 90%‑95%, sending Brent crude above $113 a barrel and inflating marine insurance to as much as 10% of a vessel’s value. Analysts warn the chokepoint could...
The Kansas Senate voted 30-9 to override Governor Laura Kelly’s veto, allowing participants in Christian‑only health‑care sharing ministries to deduct up to $5,000 per individual or $10,000 per couple from state taxes. The fiscal note estimates 11,000 Kansans will benefit,...
Health In Tech, the Nasdaq‑listed AI‑focused InsurTech, closed a $7 million private placement, selling 5.6 million shares at $1.25 each. The capital will fund sales expansion, technology upgrades and new product development, underscating strong investor appetite for AI‑driven insurance solutions.
Medicare Advantage insurers have exited New Hampshire, stripping roughly 77,000 seniors of private Medicare coverage and leaving about 30,000 with no viable alternative. The exodus reflects a broader retreat of private Medicare plans from rural markets as profit margins shrink.
A recent customer complaint highlights that health‑insurance premiums in India have surged despite the government’s GST waiver. The policy cost rose from Rs 21,996 (≈$265) in March 2021 to Rs 34,409 (≈$415) in March 2024 – a 24.86% increase after GST removal. Insurers cite...
Florida’s Third District Court of Appeal held that an insured’s two‑year delay in reporting Hurricane Irma property damage breached the policy’s prompt‑notice requirement. The insured had observed roof tiles, water stains, and installed a tarp shortly after the September 2017 storm...
In 2026, low‑income ACA marketplace enrollees dramatically shifted from high‑CSR silver plans to bronze, accelerating a multi‑year trend. The average actuarial value (AV) for HealthCare.gov states fell from about 80% in 2025 to 76% in 2026, while total enrollment dropped...
Hospitals face billing ambiguity for medical supplies under IPPS and OPPS, where many items are bundled into procedure payments. A clear billable supply policy distinguishes routine from non‑routine items, preventing inconsistent patient charges and aiding charge capture. The article outlines...
The Centers for Medicare & Medicaid Services released its first dataset showing how many ACA Open Enrollment participants received help from certified brokers, agents, or other assisters. The data, limited to the 30 states that use the federal HealthCare.gov exchange,...
China announced a three‑year plan to extend its long‑term care insurance system to 45 million seniors with disabilities or dementia. The move builds on a pilot that has enrolled 310 million people since 2016 and already helped over 3.3 million disabled citizens. Insurers...
Presurance Holdings reported a sharp decline in Q4 2025 gross written premiums, falling 42% to $7.9 million as the company completed its exit from commercial lines, which generated zero premium in the quarter. Personal lines premium increased 12.7% year‑over‑year, now representing...
Questions to answer before you consign art: Length of the term. How and when you get paid for sales. Party responsible for packing, shipping, handling, installing, etc. Party liable for loss, damage, theft. Party responsible for insuring the art. Insurance...
Transactional risk insurance premiums are climbing after years of decline, as a wave of larger, more complex M&A deals revives demand for protection. In 2025, Marsh’s report shows average representations and warranties (R&W) premiums rose 16% in North America, 8%...
Researchers from Brookings propose a federal property reinsurer, dubbed US Re, to backstop severe catastrophe risk for U.S. homeowners insurers. By absorbing the most expensive events, the entity could lower premiums, which rose 28% inflation‑adjusted from 2017‑2024, and keep insurers in...
The article shows that a cargo theft can succeed even when a carrier clears every standard verification—insurance, VIN, tracking—because the actual person handling the freight may be fraudulent. In a recent case, a load moved normally for three days before...
Swiss Re’s Institute report warns that the rapid expansion and technical complexity of data centres, especially those powering AI workloads, are creating major underwriting challenges. Global data‑centre insurance premiums are projected to more than double to $24.2 bn by 2030, reflecting...
XS Global has expanded its Asia‑Pacific footprint with the launch of XS Global Asia Pacific Ltd (XSGAP) in Hong Kong and now appoints Daniel Abramson as Head of Construction Underwriting for the region. Abramson brings over 25 years of underwriting...
The Federal Deposit Insurance Corporation and the Federal Reserve announced on March 23 that they have repealed a 2009 rule that limited private‑equity participation in bank resolutions. The change lets non‑bank investors submit bids on failed institutions, a shift that...
A reported case of a patient being denied insurance coverage for a medically diagnosed condition cannot be substantiated with the provided sources. No specific numbers, parties, or quotes are available, and details were not disclosed.
SEADRIF Insurance Company and the ASEAN Coordinating Centre for Humanitarian Assistance (AHA Centre) signed a Memorandum of Intent in Bali to strengthen disaster risk financing across Southeast Asia. The pact creates a framework for improved disaster impact reporting and explores...
Extratropical windstorm Nils struck southwest France in mid‑February, generating €586 million (≈$633 million) in insured losses, primarily on property and motor lines. The storm cut power to 900,000 households, caused flooding in the Garonne, Dordogne and Charente basins, and heightened avalanche risk...
Insurance Europe, the EU’s leading insurance trade body, has responded to the European Insurance and Occupational Pensions Authority’s (Eiopa) draft consultations on the Insurance Distribution Directive (IRDD). While it endorses the overarching consumer‑protection and market‑integrity objectives, the association warns that...
