Today's Insurance Pulse
Heritage trims reinsurance program, saving $63.2M
Heritage Insurance Holdings renewed its 2026 reinsurance and catastrophe‑bond program with a total limit of $2.2 billion, down from $2.5 billion placed in 2025. The renewal includes $712 million of multi‑year coverage, $550 million from cat bonds and $162 million from private markets. Pricing softness allowed Heritage to cut renewal costs by $63.2 million.
Also developing:
MGAs Tighten Discipline as Softer Market Signals Emerge
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 linked to their capacity providers. He explains that stronger capital discipline and enhanced data analytics are separating resilient MGAs from weaker ones, and that this tighter integration will ripple through carriers and reinsurers, fostering greater cooperation and technology adoption.
10 Do’s and Don’ts of a Smart ORSA Report
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 Floods Raise Specter of ‘Mortgage Prisoners’ Across Banks
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...
Mexico ATM Provides 3‑Hour Theft Insurance
ATM in Mexico offers a 3-hour insurance policy in case you get robbed after withdrawing money https://t.co/KsC1PfnNqW
Genworth Financial Inc (GNW) Q4 2025 Earnings Call Transcript
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...
UFP Industries Inc (UFPI) Q4 2025 Earnings Call Transcript
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 Co (ERIE) Q4 2025 Earnings Call Transcript
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....
Octave Specialty Group Inc (OSG) Q4 2025 Earnings Call Transcript
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...
Primoris Services Corp (PRIM) Q4 2025 Earnings Call Transcript
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 Leads Fight Against Wildfires, Floods, Beetles
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...
Japanese Life Insurers Face $86B Bond Losses
⚠️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...
Why the Future of Cyber Insurance Depends on the Cyber Talent Behind It
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...
Truckers' $750K Minimum Insurance Outdated, Needs $3M
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...
Users Unaware Funds Are Held at Evolve, Echoing SVB Lessons
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
Rising Dog Bite Claims Drive Insurance Innovation
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...
Commercial Auto Insurance Can Be Profitable, Not Doomed
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Insurance: The Hidden Backbone of AI
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...
State Bill to Standardize Nursing Home Admission Contracts, Limit Role of ‘Assistors’
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 Are Arriving, Lobsters Included
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: Quantifiable Losses, Easier to Prove
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
When the Cloud Fails: Protecting Insureds in a Third-Party Outage Crisis
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...
New Strategy for Wealthy Families
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,...
Banks Cling to $10M Non‑interest Deposits, Risking Obsolescence
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 &...
Canadian Bitcoin Consortium Launches Insurance Company for Digital Asset Businesses
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...
California Appeals Court Says Exclusivity Bars Asbestos Tort Claims
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,...
High Court Ruling on Trump Tariffs to ‘Ease Uncertainty,’ Says AM Best
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...
Matthew Moore Named President of Global Risk Solutions at Liberty Mutual Insurance
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...
Robin Udhwan Named Head of Canada Programs at Munich Re Specialty – North America
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 GC&C Adds Zurich’s Mario Glanz as Head of Casualty
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...
Teens’ First Year on the Road Most Deadly
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’s Underwriting Income Rises 160.3% as CoR Improves to 84.9% in Q4’25
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 Strengthens Romero Group with Key Appointments
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 Expands Globally with Competition Intensifying: PwC
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 Grants One-Month Extension to Russian Marine Insurers
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...
New 2027 ACA Draft Rules Are Out. 8 Predictions About the Impact
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’s Net Income Rises 437% in Q4’25
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...
Lithium Battery Fires Put the Heat on P&I Clubs
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 Introduces AI-Powered Claims Analytics: Real-Time Claims Insights that Drive Savings
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: The New Metric Shaping Cyber Insurance in 2026
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...
AM Best’s Briefing – Health: Medicare Advantage – Challenges and Opportunities
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...
Auto Insurance: Stabilizing or Stuck?
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...
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in Sewage Backup
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...
Building Fortification And The Role of The Insurance Industry
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...
Report: BMW, Ram And Tesla Had Some of The Nation’s Worst Drivers
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 Expands Into Excess Workers Comp
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,...
Study Finds Nearly 3 Million MA Beneficiaries Forced to Find Alternative Coverage for 2026
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 Unveils Hospitality Practice to Support Retail Brokers
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...
Court Limits Scope of Pollution Exclusion in Herbicide Case
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...
AI Disruption Fear Might Strike Auto Insurers Next. Two Stocks Are in the Crosshairs
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 %,...
LA Fire Victims Suing City Utility for Billions Win Major Ruling
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...